S&P/ASX Index
Macro risks ahead, high inflation, rising rates and slowing economic growth. Portfolio allocations and cash will be vital in the next 12 months ahead.
Over the past 22-years, the historical performance of the S&P ASX 200 Index for the month of June is more noise than signal & consistent with random. However, in each of the past 4-years, the month of June delivered a gain of over 2%. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past...
According to Google Trends, with regard to Australia, the interest in the search term "Bear Market" has approximately halved from the recent relative 1-year peak of 100 to just under 50. What does this portend for the S&P ASX 200 Index looking forward? Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not...
S&P ASX 200 Index has fallen for the 4th consecutive week. Since 2000, following 4 consecutive down weeks, the XJO had a tendency to reverse course, posting an average 20-day gain of 2.6% with a win rate of 18 from 24. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance...
The markets arent looking healthy, too much cash rate pressure on risk on markets. I can't see the next 12-18 months being fruitful. In saying this I think that there will be some great buy opportunities as long as I have enough capital to take some positions. The ASX looks set to come down to 6400-6200 points. That monthly candle dipping in there would give me...
My first go at doing at mapping out a Wyckoff distribution on an index. Was a bit tricky for me as couldn't find a really obvious end to phase A as the automatic reaction wasn't aligned with subsequent sign of weakness lows. Feedback welcome. Let me know what you think.
Halfback rally for our index. Relief rally. All things considered, Monday should be a down day after most stocks on the NYSE took a beating.
Looking weak near all time high level. Coincides with last quarters R1 pivot. Divergence on Stochastic shows weakness. No volume on this index, but the facsimile ASX200 CFD shows volume decreasing. If you're long on any Australian stocks, think about taking at least partial profit.
Daily chart shows the information. candles sticks showing reversal PRICE level is close to forming triple top. AUD 10 Y yeild is hitting 3% and close to breaking out the shares will move higher if rates stay low (RBA will need to intervene and buy up bonds) what will the central planners decidie? CRASH it or INFLATE it away????
If today's close ends up below the last candle, we have a situation where this index will turn bearish for a while. We hit R2 pivot level from last month, which is also near Quarterly Pivot
sharing my view on XJO , previous close above , i have been sharing my view earlier this week due to holidays sharing my brief view the trend is positive and moved above our previous swing high on weekly basis.
Like a lot of major Indexes in Europe and the US, the ASX has extended higher into the end of the month and quarter. Expecting that there has been a lot of window dressing pumping the share markets higher so watching now for an opportunity to fade the strength for a move down. The setup will be key as shorts have been squeezed out numerous times and I will have...
The RSI7 has now gone above the 30 line and the Stochastic39 has gone above the 27 line (127 on chart) and the EMA21 has confirmed by turning up making the upward movement of the XJO index strong. The larger caps will be the main participants in this initial phase because they dominate the index. Looking at the XJO heatmap, year to date, shows a good peppering...
The ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm? To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers...
ASX:XJO I am sharing with you video on quick XJO - Australia main headline index analysis video
Blue arrow = Double top Red arrow = negative divergence Green arrow = bounce from RSI Things are starting to look dangerous here. We might get a bounce up to the descending RSI, but overall it is looking fragile. Won't short it until it breaks to the downside of the red horizontal channel
its sounds that ASX 200 is forming a triangle in wave 4 , which is bullish for the trend t move up again to the recent top
Asian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then...