Author Archives: Ric Spooner

About Ric Spooner

Over 30 years market experience - professional trader, broker, director

Coming Soon: new look CMC Markets Blog – possible service disruptions

We’re excited to announce that we will shortly be launching our brand new blog. The new blog will bring you the same insights and commentary, alongside improvements in design and navigation, new intuitive categorisation and enriched filtering functionality.  The new blog … Continue reading

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Snapshot on the Australian economy – Decision on interest rates.

Keeping a record of recent economic statistics on major economies is a simple technique that I have found really useful as a trader and investor. It has 2 benefits. Firsty, it allows me to look at trends in statistics. Secondly I can consider them all … Continue reading

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Posted in Bonds, Forex, Market, Trading | Tagged , , , , | 2 Comments

Microsoft – Double Top Potential

I may be a bit early here, but with the US share markets looking a little shaky over the past week, Microsoft looks as though it might be a candidate for a double top set up.

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Backtesting – Part 1

Guest Post by DV 34 As promised, our guest blogger DV34 is going to post a series of articles covering his practical experience backtesting trading strategies  This promises to be a really valuable resource. I hope you enjoy it

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Posted in Trading | Tagged , , , | 2 Comments

Iron Ore Chart – Update

The iron ore price will be crucial to Australia’s terms of trade over the medium term and has a big influence on how people see the outlook for  Aussie Dollar, the Australia 200 index and major resource stocks. Given the recent sharp drop in prices, I … Continue reading

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

GBP: AUD – Divergence Set Up

After a month of full on trending, some of the Aussie pairs are beginning to show signs of divergence. GBP: AUD looks the most clear cut example to me. A weak close to the current candle would also mean an … Continue reading

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

Australia 200 – Further to go

Since June last year, we’ve become used to a pattern of relatively shallow corrections in the Australia 200. It’s been just over a year since we’ve seen a red candle as big as this week’s. The last was the week of 13 May 2012. Looking at the … Continue reading

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Posted in Market, Trading | Tagged , , , , , , , | 6 Comments

Morning Technical Notes – Friday 24 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

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AUD: JPY – Sell Update

The Yen has rallied hard this afternoon. The GBP: JPY sell strategy I posted on Tuesday has hit its target already while yesterday’s Aussie Yen triangle set up is well under way. Here are some thoughts on Aussie: Yen strategy for those following … Continue reading

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Posted in Forex, Market, Trading, Uncategorized | Tagged , , , , | Leave a comment

Apple Inc – Developing Head & Shoulder Pattern.

I posted details of a bullish 3 drives pattern in Apple on 24 April with a follow up on 3 May. Although the strategy discussed in that post is yet to reach its profit objective, Apple is starting to look as though it could be forming a bullish head and shoulder. … Continue reading

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