Oz Stock Trading Report
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Oz Stock Trading Report
This page is to present original analysis and overview of the Australian stock market technical analysis, using the following methods: support/resistance, Elliott Wave, Candlestick patterns, technical patterns, Fibonacci retracements and projections, and others.
The All Ordinaries is studied, along with the U.S. Dow Jones industrials. This provides direction forecast for Australian individual stocks, which are selected from market sectors depending on sector performance.
The research provided here in content or linked content is original and copyright, owned by the author(s). You may link to any material but not block copy. The material presented here is for educational purposes and does not constitute trading advice. For trading advice, seek a financial adviser.
Watch for another lens to come that will outline different methods of technical analysis
The All Ordinaries is studied, along with the U.S. Dow Jones industrials. This provides direction forecast for Australian individual stocks, which are selected from market sectors depending on sector performance.
The research provided here in content or linked content is original and copyright, owned by the author(s). You may link to any material but not block copy. The material presented here is for educational purposes and does not constitute trading advice. For trading advice, seek a financial adviser.
Watch for another lens to come that will outline different methods of technical analysis
Where to Get Information
Help for the Novice Stock Investor
For the novice investor, the following links will help to get information from the Australian Securities Commission (ASX) to using free stock charts, carry out free technical analysis, visit stock forums and other material. - Listed companies on the ASX
- View ASX listed companies sorted by company name. Alternatively, download the complete list (CSV 85KB). You can make your own MS Access searchable database (how-to link to be provided)
- Market Sector Indices Overviews (ASX)
- Companies are assigned an industry classification according to the company's principal business. Those companies with the same business activity are grouped to form market sector indices.
- Market Sector Indices Updated Hourly
- Updated data from Business Day. Shows Sector Index price, movement, turnover and volume. There is a link to the sector chart with custom charting options.
- Free Charting from the ASX website
- Excellent facility for charting of shares and share indices. Comparisons can be made. ***** 5 stars
- Free Basic Charting (Yahoo Finance)
- Enter the ASX company code or stock market index code to chart the day's trading. Change to different time frames, chart line type and compare between two stocks and the All Ordinaries.
- Free Technical Analysis (Yahoo Finance)
- Use Yahoo's free technical analysis.
- Aussie Stock Forums
- Communicate with other like-minded people. To register, you need an email address from a PRIVATE server (website). That is, not one of the free web-based ones like hotmail, live.com.au, yahoo, etc. This done to limit spam and abuse.
The All Ordinaries Index
Original Analyses and Forecasts
A target bottom for the All Ordinaries Index is likely at 4050, the 50% retracement since the 5049 top. However, note the caveat for a different bottom. Should the 50% level not hold, a bottom could form all the way down to the lower trendline at about 3300.
Visit the following links for details
- Elliott Wave Analysis of All Ordinaries Index Sep 03, 2011
- The All Ordinaries Index is completing a wave 4 correction, which could be complex and terminating at the top trendline. Then is forecast to begin a major down move.
- Another Warning in the All Ordinaries Weekly Chart Aug 19, 2011
- A non-confirmation of the recent bottoming signal in the All Ordinaries Index implies continued weakness a retest of the 4050 level.
- Warning Signals in the Dow Jones and All Ordinaries Aug 14, 2011
- Before the Crash of 2011, astute investors would have noticed warning signals in charts and taken evasive action. Such technical signals are presented here.
- Target Bottom for the All Ordinaries Index Aug 07, 2011
- A target bottom for the All Ordinaries Index is likely at 4050, the 50% retracement since the 5049 top. However, note the caveat for a different bottom.
- All Ordinaries Index Jul 31, 2011
- The All Ordinaries index broke down the rising trendline and subject to confirmation, is heading down to the next support level at about 4100. Wave (3) is in progress.
- A six-month forecast scenario for the All Ordinaries Index Nov 23, 2011
- The All Ordinaries Index may be completing a digonal, terminal wave that is due to bottom in May next year. Then the bull market should resume its upward run.
Australian Stock Market Sectors
Types of Companies with Related Business
Market sectors can be monitored daily and compared to the performance of the All Ordinaries, which consists of over 2000 stocks. Links will be provided below to articles with research about market sectors.
- Comparison of Sector Indices, Jul 16, 2011
- The strongest sector index in the All Ordinaries is determined by comparing price between sectors and how they rate for potential trading of the sector's stocks.
Individual Stocks
Promising Stocks Selected from Market Sectors
Below is a list of links to featured stocks that will either be suitable for investing/trading or will soon be. The list will be updated and current.
Come back to visit frequently as more stocks will be presented.
- Elliott Wave Analysis of Castlemaine Goldfields Aug 22, 2011
- Castlemaine Goldfields has announced beginning production. Since forming an ultimate bottom, share price is winding up, as is verified by Elliott Wave analysis.
- Long-term Analysis of Telstra Corporation Limited Aug 04, 2011
- Telstra's lower share price makes its dividend even more attractive. Analysis reveals a possible double bottom around $2.50, or at around $2.00 near the lower channel. But this should not occur for another 12 - 18 months.
- Classic Elliott Wave Analysis of Alcyone Resources, Dec 12, 2011
- The junior exploration company, Alcyone Resources was studied technically and found very amenable to Elliott Wave, Trend Line and Fibonacci Analysis.
Live & Futures Markets
Futures markets of key stock indices are important because they affects the underlying physical stock market index. It can be checked that trading going on outside normal hours may cause main index prices to open significantly higher or lower.Exactly how much can be viewed on websites that provide the live data. The closer to opening time the futures data is read, the more accurate can the opening price be determined.
Below are futures for stock indices around the world, commodities and spot prices for certain markets such as stock indices, gold, and so on.
Global Markets
- SGXNIFTYDow Futures Live
- Futures markets - U.S. indices, currencies, cocoa, soybeans, wheat, etc.
- SGXNIFTY World Index Live
- Live stock index prices for major stock market indices around the world.
(this is the normal stock market, not the futures market) - Bloomberg Stock Futures (click refresh to update).
- Stock futures for America, Europe and Asia-Pacific. Includes Australia's SPI200 futures. Check this data before opening to give indication where the physical market (index) is going to open.
- Kitco- Spot Gold Price
- view the Spot Gold Price displayed on a chart, available 24 hours. See which markets (exchange) are active around the world at any particular time.
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Make a Comment
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Jason Callen
Sep 8, 2011 @ 6:57 am | delete
- Thank you, lots of info for the new trader. I'll be back for the new material.
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