Monthly Archives: September 2012

Iron Ore Chart – outlook update

The spot iron ore price is now a key driver for major markets including the Aussie Dollar, the Australian 200 index and the big resource stocks. To assist readers in keeping up to date with developments, I’ve posted the latest chart and discussed a few of my thoughts on … Continue reading

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Posted in Commodity, Market, Trading | Tagged , ,

Telstra – trading the breakout

With China’s flash PMI again being on the wrong side of 50, it’s possible we may see some rotation back into defensive stocks. Against that background, I thought this triangle break in Telstra looked interesting from a short term trader’s perspective.

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Posted in Shares, Stocks, Trading | Tagged , , , , ,

Gold – Time to sell?

Gold closed up $35 when the Fed announced QE 3 last Thursday but has struggled to gain traction since. It is also parked at a significant resistance level. This sideways movement is now showing up as potential divergence in momentum indicators.   While I believe there … Continue reading

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Posted in Commodity, Gold, Market, Trading | Tagged , , , , , | 2 Comments

Shorting Technology – Cisco Systems H&S and an Island Reversal

For those of you not keen on becoming head and shoulder aficionados I do apologise but on my travels through the chart landscape today it seems to be all that I’m seeing. Everyone seems to love tech companies at the … Continue reading

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Posted in Market, Shares, Stocks | Tagged , , , , , , , , , , ,

Head and Shoulder Pattern with a ‘Fib Kicker’ – CMS Energy

Following on from the inverse H&S post that I did yesterday I found a regular H&S pattern for you to take a look at today. CMS Energy (CMS.US) is showing a number of the characteristics that you would look for … Continue reading

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

Easy Trade – Sell AUD/USD

Currency markets overwhelmingly pre-positioned for QE3 and significant short positions in USD remain. Over the last two days, this has led to USD strength, as there is no-one left to sell. Its my view that markets need to flush this … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , , , , | 12 Comments

Aussie: CAD – Short Strategy Update

The ABC sell set up I posted on Monday was triggered by this morning’s weak close. I’ve outlined one approach to trading strategy on the chart below. This involves: Entry at the close of yesterday’s candle ( about 1.0185) Initial stop above … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , , , | 1 Comment

Taking an Inverse Head and Shoulders for a spin – Aetna

Like many people who enjoy a bit of ‘ye olde fashioned technical analysis’ it’s a heartwarming moment when you find a head and shoulder pattern because they are really the pattern of patterns. Especially from those who are not as … Continue reading

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Posted in Shares, Stocks, Trading | Tagged , , , , | 2 Comments

Head & Shoulder Strategy – update on corn chart

Trading is usually portrayed as a fast paced, “white knuckles” occupation and there are definitely times when it lives up to this reputation. Experienced traders will know though, that there can also be a lot of waiting around involved. Patience can be required, especially with a disciplined approach … Continue reading

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Posted in Commodity, Market, Trading | Tagged , , ,

Harmonic patterns – Guest Post on the US Dollar

I think readers who use Fibonacci and harmonic analysis will appreciate this post from DV34 outlining the Shark and 5.0 Patterns discovered by Scott Carney in 2011. DV has spotted potential examples of these in the Dollar Index. Traders could … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , | 5 Comments