The saying that when the US market catches a cold, the Australian develops pneumonia, has certainly proved to be true for the effects of the Global Financial Market (GFC). I have posted monthly charts for the US Dow Jones Industrial… Read More ›
XJO – When is it better not to sell in a falling market?
Disclaimer This post should be read in conjunction with two others I wrote last year discussing when to sell-down stocks in one’s portfolio in a falling market. https://technicality.me/2015/08/25/what-do-you-do-when-the-market-goes-backwards/ https://technicality.me/2015/12/17/the-best-time-to-act-a-chart-review-of-slater-and-gordon/ The gist of the posts was that when there are serious… Read More ›
Market Analysis July 12, 2013
The XJO 5000 level is proving to be a stubborn obstacle to further gains of the Australian share-market at a time when the USA indices have forged new highs after… Read More ›
Weekly Aussie Market Focus, May 24, 2013, Market baulks at the half way recovery mark.
In contrast to the US which is finding new highs after the global financial collapse (GFC), the Australian share-market as reflected in the ASX 200 (XJO) has failed for the second time to consolidate its recovery above 5000, the half… Read More ›
Market focus May 17, 2013
The long-term perspective for the Aussie Market. Monthly chart, May 17 2013, of the XJO, (ASX200) Now that the XJO has penetrated and found support at the half-way mark (5000), the next hurdle, assuming bullish conditions continue, is the 61.8%… Read More ›
Market focus, May 3, 2013
The Past Week The previous week finished with a gravestone Doji indicating uncertainty about future direction. After the strong 165 point gain for that week, one might well have expected the index to retreat this week. Instead the XJO continued… Read More ›
Weekly Aussie Market Focus, March 8, 2013
http://tradingforblondes.com.au/category/blonde-weekly-updates/ Link above is to an excellent review of market activity the past week by Kaye Rees. Although the Daily chart of the XJO is suggestive of the price action perhaps moving into a trading range, the Weekly chart shows the… Read More ›
Market Focus, February 22, 2013
The week in retrospect The XJO continued its steep ascent the first three days of last week. Just when it seemed that the correction would be delayed another week, sellers hit the market on Thursday 21st February 2013, driving the… Read More ›
Market focus Jan 25
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 ›
Market focus January 18, 2013. New Year Optimism continues.
New Year Optimism continues The XJO ended the week on 4771.2, a solid 61.7 points higher. The high for the week was 4787.2 just short of the 4800 hurdle. Market recovery is now about half way between the 61.8%… Read More ›