Owner: Market Ninja URL:http://marketninja.blogspot.com/ Join Date: Wed, 17 Jan 2007 16:15:36 -0600 Rating:0 Site Description: Investing, Forex, Trading, Finance, Stocks, ASX, Moving Averages, Scanning Site statistics:Click here
Chart Watch 2007-02-15 1970-01-01 00:59:59 Industrea - IDL
Industrea stop again has been moved, now at $0.335. A close yesterday of $0.365 and and intra-day high of $0.375.
Bluglass Limited (BLG)
Bluglass closed below our stop loss of $0.545 at $0.54 yesterday. The trend is looking week and an exit should be made tomorrow. It looked like support was going to hold at $0.55, but the short term group is starting to look weak. Read more:Chart
Chart Watch 2007-02-16 1970-01-01 00:59:59 Indusrea - IDL
Industrea keeps making new highs. Our stop loss again gets moved up, now at $0.35 which puts IDL into profit. For the fundamentalists there is a lot of infomation available about the IDL story, including an article in the Smart Investor. This information can be download from Industrea website
Eastern Star - ESG
is in a trading halt, keep on eye in the news if you can as the Read more:Chart
Three Inside Up 1970-01-01 00:59:59 A three inside up pattern occurs after a 2-day bullish harami pattern. To form the Three
Inside Up pattern, the third day is a white day with a higher close than the second day. The three inside up pattern turns a low-reliability bullish harami into a high probability reversal pattern.
Mikoh Corporation Limited - MIK
MIK has pulled back from it's high of $0.48, contracting the short term
Alpha Trends View on Gold 1970-01-01 00:59:59 Alpha Trends
has a great video on the US ETF's available for gold.
Posted below is the chart ASX:GOLD which allows Australian traders easy access to the gold market
Sponsored By: Agloco - Own the Internet Get paid to surf the web! Read more:Alpha
Chart Watch 2007-02-23 1970-01-01 00:59:59 CFS Retail Property Trust - CFX
CFX looks to fit our entry criteria. Reached a high of $2.51 on the 13th of February and has since pulled back to $2.45. The count back line looks to be a good indicator for CFX, not being broken for the past couple of months. Volume is consistently high.
If we enter now we also get a tight stop loss of $0.06.
Entry $2.45, Stop Loss $2.39.
Sponsored By: Read more:Chart
Chart Watch 2007-02-24 1970-01-01 00:59:59 Added yesterday as an opportunity, CFX reached an intraday high of $2.50. Our stop has been moved one cent higher to $2.40.
Chart
er Hall - CHC
CHC has been very active over the past couple of days after the release of the first half results which were very encouraging. NPBT increased from $7.8m (1H FY 06) to $16.7m (1H FY 07). A complete list of key activity is outlined in their interim
Dow drops 416, ASX drops ? 1970-01-01 00:59:59 How is the market going to react today. The DOW dropped 416 points (3.29%), with as much as 546 points during the days trading before recovering. This was the biggest days drop since the Sept. 11, 2001, terrorist attacks.
Trader Mike discusses how traders on the floor alleged bad data with "some sort of technology bottleneck was responsible".
The ASX will be looking at a similar drop
Close 28th of February 1970-01-01 00:59:59 The All Ordinaries closed down 2.45% or 148.1 points, matching the losses of China, US and Europe. Although IDL and EBI closed below our stop loss I'm inclined not to recommend any sells until we view the close of US market tonight, but EBI is a possible sell based on its close.
We noticed a lot of the ASX opportunities closed higher from the early sell off, with CHC the only stock closing Read more:Close
, February
Chart Watch 2007-03-01 2007-03-01 06:53:00 EBI didn't recover today with a close at $4.40. EBI had an intraday high of $5.25 on the 26/2/2007 and the trend has definitely broken. I highlighted this one as an ASX opportunity looking weak after yesterdays sell off. I'll wait until Monday before deciding on the others that closed below our stop loss.
Sponsored By: Agloco - Own the Internet Get paid to surf the web! Read more:Chart
Market Glitch? 2007-02-28 22:49:00 Below is an image from The Wall Street Journal that shows the data glitch that occurred, causing the sell off to look more dramatic then it really was.
The US market revived as Federal Reserve Chairman Ben Bernanke soothed markets, increasing investor confidence at least for the short term. China, The Dow, S&P 500 and Nasdaq Composite Index were all up yesterday and the ASX is expected to Read more:Market
Market Direction 2007-03-04 12:33:00 The psychology of the market has shifted, highlighted by The Stock Bandit in a post titled When Bulls become Sellers. Its an interesting post about the current market conditions and how traders change direction in uncertain times.
"Those same bulls are now much more likely to become sellers into bounces. Will they sell at the first sign of higher prices? Yes, some will. Will some of them try Read more:Market
, Direction
Chart Watch 2007-03-04 2007-03-03 22:11:00 Along with the All Ordinaries, the handful of stocks I have been following have taken a hit this past week. I agree with MATT O'SULLIVAN - SMH article. I'm anticipating further declines but still old a bullish view overall. The market needs to have a shake out to keep investors and share prices inline. With that view CFX, CQT and IDL are being stopped out. We will continue to follow CHC, as it Read more:Chart
Conquest Mining Limited 2007-03-04 23:34:00 Didn't realize CQT was in a trading halt, so this one is a hold in the ASX Opportunities until it comes out and we see what direction it takes...
Current stop loss is at $0.795, last close at $0.81.
Sponsored By: Agloco - Own the Internet Get paid to surf the web! Read more:Conquest
, Mining
SA Referendum on Nuclear Power 2007-03-06 11:29:00 The backflip occurred quicker than anticipated. Mr Mike Rann, The South Australian Premier, has declared he wants a referendum on the issue of nuclear power for South Australia. This comes after a week earlier saying it would be an "all-round disaster" if a plant was built in his state.
Mr Rann told Australian Nuclear
Energy Pty Ltd, the private company behind building the proposed nuclear Read more:Referendum
All Ordinaries Three Inside Up Pattern 2007-03-07 12:24:00 A Three
Inside Up Pattern
occurs after a 2-day bullish harami pattern. To form the Three Inside Up pattern, the third day is a white day with a higher close than the second day. The three inside up pattern turns a low-reliability bullish harami into a high probability reversal pattern.
The All Ordinaries have formed this pattern on the last two pull backs in the recent uptrend. The current
Google Finance 2007-03-12 05:19:00 Google has revamped it's finance page. Although clearly targeted towards the US market a useful feature of the redesign is the addition of You Tube. Daily videos are made available from Reuters, Forbes and other media outlets.
You Tube is becoming a useful tool for people interested in world markets with videos available about forex, equities and business dealings.
It would be great to Read more:Google
Stock Trader TV 2007-03-13 11:53:00 I new beta web site is available for viewing called StockTrader
TV. It's an interesting idea that extends on Alpha Trends and You Tube.
Looks like they have a few high profile sponsors so it will be interesting to see the first Australian trader to provide video trading commentary in a similar style.
Sponsored By: Agloco - Own the Internet Get paid to surf the web!
My Yahoo Ticker 2007-03-21 10:14:00 Although it's been available for a while now, the My Yahoo
! Ticker Beta is an option for people wanting stock news and quotes fed to their desktop.
Quotes and headlines are delivered direct to your windows task bar allowing you to continue working while maintaining contact with the market. RSS feeds can be setup over a range of topics, not just finance. Email notifcation, weather forecasts
Chart Watch 2007-04-02 2007-04-02 13:07:00 Long delay since my last real post. Like most people I've had a extremely busy couple of weeks with weddings, family, football and work. Currently getting ready for a trip to Dallas so the next couple of weeks are not going to get any better.
A couple of my holdings are currently at areas of interest so I thought I would post their charts.
Industrea - IDL
Industrea is a stock I have been Read more:Chart
Chart Watch 2008-05-17 2008-05-17 08:06:00 My watch list for the week
ABY - Aditya Birla Minerals Limited
After breaking out on the 19/04/08, ABY has been cosnolidating. Look for a break of this trading range.
BBP - Babcock and Brown Power
Higher highs, and lower lows ... also has broken the 100MA with ADX showing signs of a trend. Look for a pullback between the 10MA and 30EMA for another entry.
NAB - National Australia Bank Read more:Chart
Chart Watch 2008-05-19 2008-05-19 06:34:00 FLT - Flight Centre Limited
Swing low in October 2007 and March 2008 was broken with a 7% fall on the 5th of May. FLT has since retested this breakout and looks like it has held. Possible resistance around $18. Read more:Chart
Chart Watch 2008-05-25 2008-05-25 02:48:00 XJO - S&P ASX 200
XJO sitting right on its current trend line.
CMR - Compass Resources
Second pullback for CMR after breaking out. Optimal entry would have been the first pullback after breaking the 100MA.
AGO - Atlass Iron
After a sharp stron volume rally, prices have pull back on weaker volume. Looks to be forming a bullish pennant. Read more:Chart
Chart Watch 2008-05-29 2008-05-29 07:36:00 XJO - S&P ASX 200
As displayed in my last post , the XJO was sitting right on a current trend line. This line has since been breached. XJO now lookig for support at the 100MA, and the 32.5% Fibonacci Retracement.
On the 5/4/2005 Colin Twiggs indicated potential resistance at the 5900-6000 level which looks to be playing out.
"The All Ordinaries broke above short-term resistance at Read more:Chart
Chart Watch 2008-06-03 2008-06-03 07:50:00 XJO - S&P ASX 200
XJo showing signs of weekness again with the current trend line being broken. Looking at 100MA for support now.
XJO - S&P ASX Financials
XFJ was a great short on the 22nd of May. 100 MA resisted the uptrend and also broke the current uptrend.
Read more:Chart
Stop Loss Matters 2008-06-03 01:41:00 Please see my Blog discussing setting a stop loss . The latest post is using ATR as a stop loss.
Read more:Stop Loss
Chart Watch 2008-06-12 2008-06-11 17:04:00 XJO - ASX 200
BHP - BHP
AMP - AMP
Respecting the 100MA and looks to be forming a triangle, looking for a break lower.
Read more:Chart
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