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Australian stock market investing, ASX charts, analysis & market forecasts.

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Entries Tagged as 'stock prices'

S&P/ASX 200 – 10 Years of Much Ado About Nothing

September 19th, 2017 · 7 Comments

Ten years ago the Australian stock market was at an all time high with the S&P/ASX 200 Index at around 6,500. Just a few months later however the  the global financial crisis played havoc with the markets and the ASX 200 slumped to around 3000. But even during those darkest days I did not imagine that a decade later the Australian stock market would still be below 6000.  Yes the mainstream finance media might excitedly churn out eye-catching headlines every time there is a minor rally or correction, but the sobering reality is that during most of the last 10 years the Australian stock market has done very little.

U.S. Market: What Is Widespread Excessive Optimism Indicating?

August 5th, 2017 · 18 Comments

I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis.  Seasonality charts are constructed from the past thirty years of historical data. I implement them as “contrarian indicators”.  The “extreme bullishness” is perceived as bearish and the “extreme bearishness” is perceived as bullish!

Trump, resources and an ASX market rally

December 20th, 2016 · 6 Comments

The U.S. election result has thrown another Brexit event at the markets and once again the markets have done and are doing the opposite of what many experts predicted. I did not focus on the U.S, election in too much detail and expected any post election rally or sell-off to be short-lived. However just as the sky never fell when voters in the U.K. decided to leave the European Union it’s has remained in place after the surprising win by Donald Trump. The biggest surprise though is that the so called “Trump Rally” keeps on going and so far, the Australian stock market seems to be following the lead and since early November has staged a fairly strong rally also.

Global Economics, Quantitative Easing and Equities

August 13th, 2015 · 5 Comments

A take on the global economy and equities markets that paints a simple and clear pictures I think. The DJIA index has recorded seven consecutive down days in a row!  These 7 distribution days are a sign that many institutions are taking profits or establishing losses. As we are entering the second half of 2015, financial panic is occurring globally. Currently, this tremendous financial devastation is happening throughout the world.  Stock prices are crashing in China, Europe and soon I feel the United States. Puerto Rico has now defaulted on their debts. Quantitative Easing has been masking the symptom of this endemic disease. The Greek Banks are still frozen and will continue to stay this way; however, the mainstream media is not reporting on this current situation in Greece. There is a limit on weekly withdrawals of 420 Euro per (around US $455).

FY 2014-2015 ASX Charts Review

June 30th, 2015 · 13 Comments

Well another financial year has come to an end and for the Australian stock market it has been a fairly poor FY2014-2015, but if you include dividends an average balanced stocks portfolio could have probably returned 3-4% in dividends which in the era of low interest rates is not too bad. However the reality is that the Australian stock market is under-performing markets in Japan, the US and many in Europe – not to mention Chinese stocks which surged skywards during the past year but now look like they are currently falling back to earth.

ASX Charts Review: Big Four Banks, WES & WOW & IJP

June 2nd, 2015 · 9 Comments

On the surface it may seem that not all that much is happening in regards to ASX 200 stock prices apart from the significant bounces up and down each other day. Generally speaking the S&P/ASX 200 Index (XJO) has been trading within a fairly narrow range for around the last month, but under the surface there are some interesting stocks that are worth keeping an eye on.

U.S. Market: The Big, Bold and Ugly

November 28th, 2014 · 1 Comment

Since July of 2014 the big cap stocks have continued to make new highs as investors dump more and more money into the stock market. Overall bullishness on the stock market is now at extremely high levels which typically happen before a major stock market correction and sometimes start a full blown bear market.

U.S. Market: Bonds – the fourth quarter trade of 2014

October 7th, 2014 · 5 Comments

If you have been paying close attention to the stock market, market internals/breadth, and bonds for the past three months, you’ve likely come to the same conclusion that I have. The US stock market is showing signs of severe weakness with the market breadth and leading indicators pointing to a sharp correction for stock prices.

A Drifting Economy and a Stock Market Correction

September 23rd, 2014 · 6 Comments

Currently the Australian stock market is in the midst of a correction along with markets in Europe, Asia and the U.S.  How much longer this correction will last nobody can say for sure but for the Australian economy and stock market the signs are not good. Meanwhile it’s becoming clearer that the Chinese economy is struggling to maintain growth of around 7.5% and it may be that the era of stellar GDP growth in China is coming to an end.

S&P/ASX 200 Index (XJO) Charts Review – August 2014

August 25th, 2014 · 23 Comments

Over the last 6 months despite signs the Australian economy is heading for tougher times, the Australian stock market has continued to edge higher despite the occasional minor correction along the way. Currently the S&P/ASX 200 is just above 5600 and if it’s going to make a run towards 6000 before the end of the year, then now seems the time for this to happen.  But maybe stocks are poised to slip back again and around 5600 is as good as it will get for the S&P/ASX 200 for 2014?

Commodities Prices, the Baltic Dry Index, BHP Billiton & Rio Tinto

June 17th, 2014 · 12 Comments

Recently there has been a lot of focus in the financial media about commodities prices with some commentators for example seemingly surprised how far the iron ore price has fallen. However on this site we have been warning that the days of high commodities prices were coming to an end, so the recent price falls have come as no surprise. In fact the Baltic Dry Index has been warning us what was likely to happen for a long time & also hinting what the stock prices for BHP & RIO were likely to do as well.

2013 ASX Stock Market Charts Review

January 13th, 2014 · 5 Comments

By the end of 2013 the ASX All Ordinaries Index (XAO) & S&P/ASX 200 Index (XJO) both gained around 15% which was a healthy above average annual gain with the long term return for stocks being around 10%. But we need to keep the 2013 gains in perspective and not get carried away by some of the media hype and excitable comments being made by fund managers & analysts etc.

A Stock Market Correction. So What?

June 21st, 2013 · 21 Comments

The markets have had a rough time of late and yesterday the combination of Ben Bernake talking about a slowdown in printing dollars and a weak PMI figure out of China resulted in all major stock markets falling with the Dow Jones slumping by more than -350 points overnight. Ouch!

Precious Metals & Miners Start Bottoming Process

June 3rd, 2013 · 2 Comments

Precious metals and their related mining stocks continue to underperform the broad market. This year’s heavy volume breakdown below key support has many investors and trader’s spooked creating to a steady stream of selling pressure for gold and silver bullion and mining stocks. While the technical charts are telling me prices are trying to bottom we must be willing to wait for price to provide low risk entry points before getting involved. Precious metals are like any other investment in respect to trading and investing in them. There are times when you should be long, times to be in cash and times to be short (benefit from falling prices). Right now and for the last twelve months when looking at precious metals cash has been king.

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