Tag Archives: XJO

Australia 200 Index – in the zone

Price action since February in the Australia 200 Index has done traders a favour by marking out clearly defined support and resistance. Although I don’t have a trade today, the release of Australian and Chinese data over the next few … Continue reading

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Australia 200 – crossing the line

Daily moves of the Australian market are becoming more difficult to predict. Yesterday, the Australia 200 index showed surprising strength. Today, despite positive leads from energy and metal markets and only mild falls in the US, the market is down. … Continue reading

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Index Alert – Australia 200 Break Out

Yesterday, the Australia 200 index broke through resistance to post a new almost five year high. Valuation measures are a concern, but the purely technical view of a break out, combined with a volume surge and a closing price near … Continue reading

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Australia 200 Kicks Heads

The Australian share market has kicked me in the head again. I’ve been calling for a short term pullback to the 4,700 region, but the strength overnight and today has delivered another lesson in humility. More importantly, the risk in … Continue reading

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Australia 200 – Weekly Outlook

In this post, I take a look at the relationship between the charts of the index, copper and BHP  and discuss the potential impact of some of the data releases for the rest of the week.

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Sell Australia 200 on Failure

At an index Price to Earnings ratio between 19 and 20 times, I’m looking for sell signals in the Australia 200 index. The failure at resistance this morning has tipped me in:

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Australia 200 Index – 1,2,3 in Action

On Wednesday, we looked at the difficulties traders face in joining strong uptrends – you can read the full piece here: http://blog.cmcmarkets.com.au/2013/02/20/australia-200-index-123/ Today’s market in the Australia 200 presented multiple examples of this technique in action – across many time … Continue reading

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Australia 200 Index – 1,2,3

A strongly rising market presents two major problems for traders – one psychological, the other technical. Although we’ve all heard the saying “the trend is your friend” many times, getting on board when the market has already risen substantially is … Continue reading

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Australia 200 – Correction Over – Break Out

In overnight trading the Australia 200 Index hit a new high for 2012. While the post-GFC proliferation of “false breaks” and overbought oscillators suggest caution, the primary evidence points to further gains before year end.

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Australia 200 – Correction

The market reaction to yesterday’s interest rate cut gives traders a big clue to the short term direction of the market. Lower rates are thought to support share prices, yet the share market FELL after the RBA decision. This suggests … Continue reading

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