Tag Archive | "ASX"
9 December 2009 – Santa rally needs to start right now
The key level we’re watching at present is 4587. A break down through that suggests a deeper correction toward 4400 is underway. However, if price can hold above 4587 we have a significant bullish triangle to contend with that may provide the springboard into the New Year. We’ll take a closer look at this in [...]
Continue reading...8 December 2009 – Weak, but quiet
Wednesday, December 9, 2009
The market dropped 100-pts right on the opening bell and then stayed in a sideways band. It certainly appears that the sideways ranging is going to continue, albeit we still retain a positive interest in the broader indices strength. The Transports have broken up and out of the resistance and whilst they were weak last [...]
Continue reading...8 December 2009 – Symmetrical triangle still forming
Tuesday, December 8, 2009
It’s all red here. The daily trend. The weekly trend. And daily momentum. The only saving grace is that price is stuck in a coiling symmetrical pattern that could lead to a upside breakout toward 5200. A break down through 4600 will be a very negative signal but if we can hold up above that [...]
Continue reading...4 December 2009 – Higher into Xmas?
Saturday, December 5, 2009
It was suggested that last nights session would be a market mover – and we weren’t disappointed. Unemployment dropped sending the market dramatically higher but a bid also came into the US Dollar sending stocks lower again and pummeling Gold. Stocks dropped several hundred points from the intra day high before recovering to finish slightly [...]
Continue reading...4 December 2009 – Slapped down
Saturday, December 5, 2009
Another Friday – another bad day. What is it with Fridays? If you’re wondering why its so hard at present, take a moment to consider that the market is net +7pts since September 17 – that’s 78 calendar days or 55 market days of basically trading sideways. No wonder false breakouts are rife. Is there [...]
Continue reading...3 December 2009 – Consolidating
Thursday, December 3, 2009
A quiet day whilst the market awaits Friday employment data out of the US. I have added a few more long trades but caution is still required until the Dow Transports break up and through resistance. There are also a few short trades around for those interested, but as they’re against the trend I won’t [...]
Continue reading...2 December 2009 – Watching resources
Wednesday, December 2, 2009
A reasonable day for the broader market, although it gave back some of its early gains. The materials sector had a strong push higher and I continue to keep this as my own personal focus for new trades. Whilst there are other setups around I’m staying within this resource/energy sector. The XAO broke out of [...]
Continue reading...1 December 2009 – Watch the Transports
Wednesday, December 2, 2009
Very strong evidence that the US aren’t concerned with the events of Dubai, albeit that’s their way of ignoring everyone else. The US market also got a kick along from the RBA rate hike yesterday. Its viewed in a positive light because it portends that we’re well on the way to healing from last years [...]
Continue reading...30 November 2009 – The US Shrugs…
Monday, November 30, 2009
On Friday we wanted to know how the US would react to the Dubai crisis. We acknowledged that ‘usually’ the US shrugs off international issues. Whilst the US is still not on full power after its Thanksgiving break, we do seem to have an answer – that is, they shrugged it off. Europe rallied hard [...]
Continue reading...27 November 2009 – Weekly trend down
Friday, November 27, 2009
The $64 million question is how will the US react to the goings on in the last 24-hours? It was a holiday last night and only a half day session today. Chances are those that really matter will be taking a long weekend and will not return till Monday. Will they shrug off what happens [...]
Continue reading...
Latest Videos
- Your Money Your Call – Jan 2009 July 11, 2010
- CNBC Trading Matters – Dec 2008 July 11, 2010
- The Chartist Overview July 11, 2010
- Long Term Trading – Growth Portfolio July 11, 2010
- Short Term Trading – US Power Setups July 11, 2010
Latest Share Trading Articles
- The Hidden Strengths of Volume Analysis (part 2) September 19, 2010In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
- The Hidden Strengths of Volume Analysis (part 1) September 19, 2010The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
- The Psychology of Trading September 19, 2010The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]
Digital Organics: Web Design Sunshine Coast
Phone: +617 5473 5743
Suite 1/ 21 Sleepy Hollow Drive
Noosa Heads QLD 4567
AFSL 288200
Wednesday, December 9, 2009
0 Comments