Monthly Archives: November 2011

Is Fibonacci an IMF Board member?

Hi everyone, A reader posted the following comment in response to my recent post on the S&P 500.” “How amazing it is that Fibonacci could predict 800 years ahead that on the last weekend IMF would promise support to Italy … Continue reading

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Posted in Market, Trading | 2 Comments

Sell USD vs Most Volatile

A colleague pointed out the US Dollar Index has formed a “double-top” (thanks Dave). The recent CFTC data showing USD longs at record highs already had me thinking about selling USD, on the basis there may be “nobody left to … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , , | 3 Comments

US Daily Stock Chart Review – Another day of gains minus the pop

Hi everyone, the finish to the US session was weighed upon by a weaker financials sector which ended up corresponding quite well to the move to downgrade credit ratings on a number of banks after the bell. This saw a … Continue reading

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Daily Australian Chart Commentary

Hi everyone, despite a positive lead from the US overnight trade has been somewhat subdued coming on the back of some credit rating downgrades to a number of US banks. As I have been saying though (and I am far … Continue reading

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Live Online – Australian Retail Sales

This Thursday, December 1 at 11.30 AEST Australian Retail Sales data for October is released. Join our team of analysts and strategists live online to highlight potential trades

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Posted in Uncategorized | 6 Comments

S&P 500 – yesterday looked like a bullish reversal

Hi, The S&P 500 looks to have completed a potential bullish reversal yesterday. As this index is a standard bearer for world risk markets, I thought readers may be interested in an outline

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Posted in Market, Shares, Stocks, Trading | 3 Comments

NZD:USD – Strategy Update

Hi, The buy set up I posted on 24 November was triggered yesterday.  There’s a link to a webinar below in which I discuss an approach to trading strategy for this set up

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US Daily Stock Chart Review – Reversals Common Today

The US market really stood out today for the gains on the equity market. Not surprisingly we saw a number of reversals occuring on the charts with a number of these happening at Fibonacci cluster levels – particularly the Gartley … Continue reading

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Australian Chart Review – 29 November – Bulls Queueing After Euro/US Gains

Global equity markets were certainly feeling very robust overnight which should provide a good local lead. Keep in mind that the gains we saw here yesterday were solid and quite pre-emptive so the session today may not be as solid … Continue reading

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Australian market response to large overnight gains

By Ric Spooner (Chief Market Analyst, CMC Markets) The S&P/ASX 200 index is set to open moderately higher this morning after yesterday’s 1.85% gain. Investors will be encouraged by large gains in US and European markets last night. However, buying … Continue reading

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