ASX 200 Trending Still Intact Just when many long only investors were beginning to feel happier with the Australian market, the upward momentum stalled, reviving unpleasant memories of the global financial crisis. The ASX 200 fell nearly 100 points for… Read More ›
The XJO has been trending up with increasing momentum over a period of nearly 2 months now. Even a 34 point decline on Friday found support on the trendline, despite some sharply lower profit results. I would think that the… Read More ›
After a pause from trending at the end of last week which continued on into the first 3 days of this week, the last two trading days saw buyers in complete control, resuming a very strong uptrend, and penetrating the… Read More ›
Charles Dow in an editorial Jan 24, 1902 discussed short selling. The observation was made that about half of every decade investors should focus on the short side of the market. Traders of the day made a point of distinguishing… Read More ›
The current XJO uptrend first evident July 4 accelerated the past 2 weeks reaching a high yesterday of 4330 before sellers started taking profits. The candlestick appearance for the day could be labelled as almost a “Gravestone Doji”; a small… Read More ›
Investopedia This is one of the best articles dealing with the trading principles advocated by the fabled Jesse Livermore. He is best know for making and losing several multimillion dollar fortunes, and for short selling the stock market crashes in… Read More ›
The past week started by continuing the strong gains of Friday the previous week to set a new high at 4281. The week finished on a down note however, reversing most of the gains earlier in the week. It was lead lower… Read More ›
Definition A trading gap is simply price movement when the market is closed, outside the trading range of the previous day. When does normal trading cease? Normally all trades are completed 20 minutes after the acceptance of new bids for… Read More ›
Pleasingly trading support at 4120 held in spite of further concerns over Spanish debt levels earlier in the week. These concerns eased after the European Central Bank President Mario Draghi promised to rectify the problem. Bullish sentiment returned quickly with buyers in… Read More ›
Stocks such as Telstra and the banks paying significant franked dividends frequently see a rise in their share price and an increase in volatility prior to going ex-dividend. Dividend payments are announced with the annual or half yearly report, a… Read More ›
