Tag Archives: sb

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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BHP – is there more upside?

Today BHP hit the profit objective for the head and shoulders buy strategy I posted on 6 May. When this happens, traders often ask  – should I be taking profits here or trying to run this trend further? This post covers some … Continue reading

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Australia 200 Weekly Outlook

Last week did little to change the technical outlook. However, short term charts are showing signs of a corrective pattern that could become an opportunity for swing traders. The RBA maintains its easing bias. Today’s statement again noted that the inflation outlook afford would afford scope to ease … Continue reading

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Australia 200 – Weekly Outlook

Last week’s price action gave us a clear break of the uptrend that had lasted over 3 months and yielded a peak to trough rally of 20%. This week, I outline some thoughts on what this trend break suggests for medium term trading strategy in light of a comparison … Continue reading

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Australia 200 – Weekly Outlook

This weekend’s news from Cyprus has opened up another front on the assault against the current uptrend. The question before traders is now whether history will see today’s trading as just another  red candle in the broad sideways movement that began on 20 Febuary … Continue reading

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Australia 200 – Weekly Outlook

Last Monday, a double top formation looked possible. As the week unfolded, this possibility was negated when the index moved past recent highs. Even so, the move to new highs has been a pretty “limp” affair so far. At this stage the index has failed … Continue reading

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JB Hi-Fi downloads market music

JB Hi-Fi has had a rollercoaster ride. It completed the transition from  favoured “market darling” to one of its most infamous outcasts.  Over the past couple of years, JBH had the dubious distinction of consistently topping the list of most shorted stocks on the ASX. Since releasing its results … Continue reading

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Rio and Iron Ore – Chart Updates

Yesterday’s news that China is looking to rein in its property market was the catalyst for a selloff in Australian resource stocks. The iron ore price could be affected and the chart is showing early signs of a bearish double top. I’ve … Continue reading

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Australia 200 – Weekly Outlook

As I write this blog, the index is testing trend line support, with a bearish double top formation potentially in play. Economic statistics may be the driving force this week as investors hunker down to the task of assessing the extent of the damage (if … Continue reading

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Australia 200 Weekly Outlook

In my outlook piece this week I discuss some thoughts on the technical outlook for the index and how this relates to the news calendar for the week ahead. 

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