tag:blogger.com,1999:blog-40952628086270317862025-12-17T06:38:19.791+10:30Market Ninja follows the ASX, discussing techniques I use everyday to trade the Australian Stock Exchange(ASX). Trend, swing trading, momentum, fundamentals and candlestick techniques will be discussed.Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.comBlogger87125tag:blogger.com,1999:blog-4095262808627031786.post-10769655489140549312009-03-17T07:14:00.001+10:302009-03-17T07:14:00.322+10:30

XAO - All Ordinaries    The All Ordinaries again closed under 3300, the market has clearly met resistance at the January low.  Stochastics, RSI(2) and CCI(14) all showing oversold.  A quick scan of the ASX 20 stocks will confirm that most stock individually are displaying the same oversold signs.  The medium term trend line was also respected.  The market may be

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com119tag:blogger.com,1999:blog-4095262808627031786.post-78966971015063897382009-03-14T21:12:00.001+10:302009-03-14T21:12:14.378+10:30

XAO - All Ordinaries   The week started off bad for the index, but turned out to be one of the better weeks to be long, closing up around 6% for the week.  The chart above shows that the short term trend line was broken. The medium term trend line will be tested this week. Resistance will be tested this week. Although the market finished up 3.3% of Friday, the

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com2tag:blogger.com,1999:blog-4095262808627031786.post-47961259901943426952009-03-10T21:10:00.001+10:302009-03-10T21:10:59.491+10:30

XAO - All Ordinaries The All Ordinaries closed at 3143.2 (+0.7%) today after again testing below 3100.  Strength again was shown below this level and the market rallied from 3090.8, finally closing on its high. The biggest fall recorded in the Australian job ads survey since 1999 was release today with a huge 10.4% fall in February.  The Reserve Bank of Australia (

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-71063257294156134542009-03-09T20:29:00.001+10:302009-03-09T20:29:56.336+10:30

      XAO - All Ordinaries Some intraday action today for the All Ordinaries with a low of 3052.5, finally closing up 10 points to 3121.7 (0.3%). The big miners lifted the index with BHP up 5.31% and RIO Tinto up $3.93% FMG and RIO both sought to strengthen their balance sheet today. F

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-91193808327107171362009-03-05T20:54:00.001+10:302009-03-05T20:54:36.877+10:30

XAO - All Ordinaries  The DOW closed up overnight 149.82 points to 6875.84 (2.23%) after 5 days of selling.  The Dow failed to break back through 7000.  The All Ordinaries has  had an un-eventful day failing to regain the lose of the previous trading day.  The XAO closed up 21.2 points to finish at 3147.1 (0.68%).   I was looking for the high of the

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com134tag:blogger.com,1999:blog-4095262808627031786.post-30043768701207082982009-03-04T22:32:00.001+10:302009-03-04T22:32:27.494+10:30

XAO - All Ordinaries The first decline in Australia's GDP for eight years was reported today with a fall 0.5 per cent in the December quarter.  The All Ordinaries followed to close at a five and a half year low to 3,125.90 or 1.43%. Fears of recession took hold of traders with the next 6 months looking a lot gloomy, and all sectors took a hit. 

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-67505848933132709362009-03-03T22:15:00.001+10:302009-03-03T22:15:49.983+10:30

                XAO - All Ordinaries   The DOW slid to 12-year lows overnight to its first close below 7,000 since May 1997.  The All Ordinaries closed at down 32.4 points to 3171.4 , the lowest level

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-70335523323516333052009-03-02T16:46:00.001+10:302009-03-02T16:46:54.264+10:30

    XAO - All Ordinaries The All Ordinaries closed down 96.4 points to 3200.5 (-2.92%), on news US the economy shrank at its fastest pace in more than a quarter of a century.  The low for the day was 3190.7, the lowest level in 5 years. The RBA board will hold its monthly meeting tomorrow, with some predictions of another

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-53241899586688313142009-03-01T20:02:00.010+10:302009-03-01T20:39:24.574+10:30

XAO - All OrdinariesThree trading days in a row closing below 3300, with multiple attempts to break through. All trends on the XAO still pointing down.WOW - WoolworthsWow indeed. Late last week I highlighted Woolworths ... made the critical mistake of not checking the economic calendar. Earnings come out below expectations and gapped down well under my stop loss (open $26.9). Take the hit on

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-42055211084911058902009-02-25T22:46:00.006+10:302009-02-25T23:12:32.875+10:30

XAO - All OrdinariesAll ordinaries closed below 3300, and below low from 23/01/2009, to finish the day at 3281.5 (-0.7%). Could see a retest of the low of 3201.5 and creating a new down-swing. March 2003 low of 2700 in reach from here. XAO started the day positive on open, and continued to slide throughout the day. Nikkei 225 finished the day up 2.65%. Looking to the DOW now to see if it can

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-81980201363146566352009-02-24T15:54:00.002+10:302009-02-24T15:56:56.518+10:30

What every trader strives for is a low-risk, high-reward system that consistently produces results. Fundamental and Technical analysis are the two main schools of thought in the financial markets that will allow a trader to achieve this. Within these are vast range of systems and techniques that a can be utilized. A selection Fundamental Analysis styles include Value, Contrarian and Growth.A

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-5587233891252576252009-02-23T22:20:00.005+10:302009-02-23T22:43:20.721+10:30

XAO - All OrdinariesA fall of 1.5% to 3,304.10 keeps the index above the years end-of-day low of 3000.2 (23/01/2009) helped by a strong close. The index was down over 80 points during the day. Big miners were down including ex-dividend BHP down $1.20 to $29.31 and RIO down $3.42 to $46.87.RIO - Rio TintoRIO closed below support (although not on strong volume) indicating a test of the lower

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-59813084246043591152009-02-22T21:04:00.008+10:302009-02-22T21:31:40.592+10:30

XAO - All OrdinariesNot much changed from last Tuesday. Closed on or just below the short term support line. DOW closed Friday down 100.28 (-1.34%), breaching a 6-year low. Latest news from Business Speculator indicate a week for the bears "With indexes at multi-year lows, the focus will be on battered banks Citigroup and Bank of America, two of the cheapest stocks on the Dow, after a top US

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-57474558280656639422009-02-17T20:55:00.009+10:302009-02-17T21:19:18.858+10:30

XAO - All OrdinariesThe All Ordinaries closed at 3,412.200 today, a 49.1 fall or 1.42%. The day started sideways, with a sell off after lunch. Last weeks test of the 50MA failed (3500 level), and indicators showing signs of short term oversold levels. The US markets were closed yesterday.IRN - INDOPHILI added IRN to my watch list today. Breaking 50MA on above average volume (up $0.02 or 7.14%

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-49005054176381082152009-02-11T20:43:00.007+10:302009-02-11T20:53:18.830+10:30

RIO - RIO TintoAs indicated in Chart Watch 2009-02-7, RIO Tinto had potential to break through short term resistance. Today RIO had a strong positive candle above this resistance on above average volume. Target $60, but may fall short in the pulse.Making LowsA range of stocks are either testing, or made new lows today. Included in this list are AMP, are ANZ and are WES.AMPANZWES - Wesfarmers

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-25662999325451761262009-02-10T08:28:00.004+10:302009-02-10T08:36:57.773+10:30

XAO - All OrdinariesWith a close +38.30 (+1.12%) yesterday, the All Ordinaries has closed on the November-February trend line. 50MA also resistance at this level with a break targeting 3700.No lead from wall street over night with the DOW, NASDAQ and S&P 500 closing flat as investor wait for Washington to decide their stimulus package fate, like the Australian.

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-47462931411039067062009-02-07T11:53:00.003+10:302009-02-07T11:59:58.813+10:30

RIO - RIO TintoRecently broken trend-line dating back to September 2008.Broken through 50-day moving averageVolume increasing past couple of weeksShort term support around $36.30What for RIO to close above $46.93. A close above this could indicate a move up towards resistance of around $60.00

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-19863780948123191792009-02-06T20:24:00.005+10:302009-02-07T09:14:05.214+10:30

BRM - Brockman ResourcesA recent trade, which I am still holding, is Brockman Resources. Explaining my reasons1. Mid term the stock as come of a strong base, between October and start of January2. A strong short term break out occurred on strong volume to a high of $1.17 (16th Jan)3. Close on 15th and 16th both closed below 50MA4. Stock pulled back on low volume back to the 38.2% Fib, and into

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-11326328133518463852009-02-05T21:02:00.003+10:302009-02-05T21:14:37.702+10:30

After a fall from 6000 down to 1800, the Shanghai Composite Index has fallen a long was since August 2008.Colin Twiggs has chart showing the downward channel on the weekly chart has been broken, and the down-trend is weakening.XAO IndexOur index as demonstrated below, is yet to break out this downtrend.

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-76557408615865098262009-02-03T12:20:00.002+10:302009-02-03T12:23:42.910+10:30

$42 Billion Stimulus AnnouncedMost Australians will be focused on the following"About 8.7 million workers will get a lump sum tax-free bonus, depending on their annual income.Those earning up to $80,000 a year will receive $950, those earning between $80,000 and $90,000 will get $650 and those earning between $90,000 and $100,000 get a $300 bonus.Single-income families who receive the Family Tax

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-42623831588471232009-02-03T08:43:00.005+10:302009-02-03T08:51:06.482+10:30

Looking forward to the rate cut later this today . Tips have ranged from 1% up to a high of 1.5%. Michael Pasco discussed the possibility of 1.5% today with Mel and Koshie on Sunrise.Trading has been slow of late with my work, website freelancing and family commitments ramping up. BRM and TAP are to recent pullbacks that I'm on and both have been a little slow. BRM had a good day yesterday so

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-84988013977691810652008-12-17T08:30:00.002+10:302008-12-17T08:33:43.568+10:30

US Fed rate has been cut to virtually zero, lowering its target federal funds rate from 1.0 per cent, already at a historic low, to a range of zero to 0.25 per cent. Locally, the ASX looks to have a strong open on this lead after consolidating the past week.

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-78189735620769668022008-12-09T20:00:00.005+10:302008-12-09T20:23:15.888+10:30

Sounding like a broken record but another good lead from the US (DOW, S&P 500 and NASDAQ all up over 3%), but this time the ASX could not manage to follow through. The S&P 500 looks to be testing the 50MA, so the next couple of days should be interesting, especially to see if the market can shake off any further bad news.Bad news seems to be plentiful for the Australian Market* Commonwealth Bank

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-39485105012067623782008-12-09T12:35:00.002+10:302008-12-09T12:36:11.821+10:30

Great visual representation of how the global economic crisis played.

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0tag:blogger.com,1999:blog-4095262808627031786.post-1727197287052703232008-12-08T21:14:00.005+10:302008-12-08T21:24:51.418+10:30

XJO - ASX 200After a good lead from the US (DOW, S&P 500 and NASDAQ all up over 3%) shaking off some negative job data, our market has followed through with a 4% gain, also shaking off the ANZ job ad numbers. XJO ended the day at 3631.60 (up 4.06%).Some other of the negative news out today which the market seemed to ignore include;BHP may require to cut iron ore productionRIO could cut thousands

Alan McLeodhttp://www.blogger.com/profile/17546337905776872630noreply@blogger.com0