The 64 point lift in the XJO this week continued the upwards momentum of the Australian market. The close and high for the week was 4835.2. At the present trending incline, the important 5000 resistance level is likely to be… Read More ›
ASX 200 charts
XJO off to a promising start to 2013
Tuesday, Jan 2, 2013 A 57 point jump in the ASX 200 index on the first day of trading for the New Year! A wonderful start of the year bonus for investors around the globe; per courtesy of the US… Read More ›
Weekly Aussie Market Focus for Dec 22, 2012
The past week The market rose again for a fifth consecutive week, continuing the uptrend of the past 6 months. In the month between mid-October and mid-November there was a retracement just greater than the 38.2% Fibonacci level. Since then,… Read More ›
Weekly Aussie Market Focus, Dec 7
Weekly Aussie Market Focus The week finished on a strong note on Friday Dec 7 with a 38.5 point rise, after making little progress in the first four days of trading. The impulsive move of the past three weeks is… Read More ›
Weekly Aussie Market Focus
The ASX 200 Daily chart The Australian market shook off its fears of the pending US market “fiscal cliff” crisis with a second strongly positive week of trading (up 93 points) to extend the rally of the previous week (77 points). The close was… Read More ›
Weekly Aussie Market Focus
The 78 point rally in the XJO this past week ended the 182 point impulsive move lower over the previous 7 trading days which broke support at 4450, and initiated a downtrend. The candlestick appearance for trading Friday Nov 24 was a so-called… Read More ›
Weekly Aussie Market Focus
The week ended at 4336.8, a fall of 130.9 points or 2.81%, after the 4450 support level was breached. Apprehension over the approaching US so-called “fiscal-cliff” has been the dominant investor anxiety this week, but somewhat violent demonstrations against… Read More ›
Weekly Market Focus, Nov 9
XJO Daily Chart The re-election of Barrack Obama to a second four year term dominated the news headlines this past week. The first three trading days in Australia, before the result was evident, were up-days, whilst the two days which followed… Read More ›
Weekly market focus, Nov 2
The anticipated bounce after the negativity of the previous week failed to materialize. Trading was flat probably due to lack of direction earlier in the week, after the NYSE was closed as Hurricane Sandy lashed the East Coast of the… Read More ›
Weekly market focus, Oct 26
The XJO declined abruptly this last week by 87 points (4559 to 4472), and in doing so the RSI indicator fell back from an “overbought” level above 70, to 50, a mid-range position. Down days on Monday, Wednesday and Friday were responsible for… Read More ›
Technically Speaking 