Tag Archives: trend channel

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

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

At the close of trade last Thursday, most commentators were assuming that a correction was under way. By Friday afternoon giving the benefit of doubt to an established trend again seemed the safer strategy. Even so, Thursday’s 2.3% decline, on high volume could be an early warning of the … 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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Australia 200 – Weekly Outlook.Telstra dividend yield and other matters

The Index closed another 1% higher last week. By historical standards market valuations are by no means excessive. Even so, many investors who bought in recent months now have significant profits to protect and are, understandably, becoming trigger happy.  As the index tests technical resistance levels it continues … Continue reading

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Australia 200 – Weekly Outlook

As we enter a new trading week, I’ve posted some thoughts on how the share market might respond to this week’s news and the upcoming reporting season plus how all this relates to the current chart position.

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Apple – thoughts on the long term chart outlook

One of the most notable features of the current market landscape is Apple’s 37% decline since September while the broad US SPX Index CFD has risen 3.5% over the same period. We’ve had a lot of client interest in the outlook for Apple so … Continue reading

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Gold chart – the case for a bullish outlook

With President Obama’s re-election, it’s likely that quantitative easing will remain in place until such time as US economic growth gets considerably stronger. Given the expected drag on growth from efforts to reduce the government deficit, the label QE infinity seems appropriate for quite … Continue reading

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GBP:USD – respecting channel resistance

As we head into what looks like a quiet start to the week with New York markets largely closed, GBP:USD looks to be one chart that has found a critical level for tonight’s session.

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CSR – Don’t Change the Channel

Some weeks ago I wrote about the trading channel that CSR is in and thought that events of the last few sessions warrant updating you all on where the price is going. The other positive of recent trading is that … Continue reading

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