SMSF Investment StrategiesSharing Simple Strategies for Self Managed Super Funds
Some bullish signs
If you read the news headlines this week, it would be very hard to feel bullish. The French election results and political turmoil in Greece caused markets to become jittery globally. Monday (7 May) was reported to be the worst day of the stock market in 2012. There was no good news for wealth creation [...]
December 2007 Deja Vu
Last night’s 500 point drop in the DOW brings back memories of 2008. Prices slicing decisively through the 200 day MA of the SPX on Tuesday, Aug 2 already sent shivers down the spine of technical analysts everywhere. Yesterday’s 60 point plunge confirmed a break of the 27 month uptrend line and neckline of the [...]
Possible reversal day on 7 Dec 2010
When I checked the US market at 6 am (2 pm New York time), the market had made a new high for the year with the S&P500 touching 1235. The reason for the “celebration” was the approval of the extension of tax cuts for the rich and extension of benefits for the unemployed. This deal [...]
Is China a leading indicator? Part 6
Yesterday was another bullish day in global stock markets. The DOW was up almost 200 points, the S&P 500 has finally broken above a stubborn resistance level of 1150 and it looks like the bulls are in charge for now. The Australian market followed the overnight lead from the US and the All Ords jumped [...]
Don’t forget to look at the bigger picture
With the Aussie dollar making new highs everyday, the action is definitely in the currency markets. There appears to be a global currency war as countries try to weaken their own currencies to make their exports more attractive. As currency is the current hot topic, I thought I would do an updated post on the [...]
My favourite information sources – Part 5
The Hindenburg Omen is another technical indicator that has been talked about a lot in the media recently. This indicator looks at data from the New York Stock Exchange so it may be more relevant for the US markets. More information on how this indicator is calculated can be found in Wikipedia. This indicator has [...]
My favourite information sources – Part 4
I have covered a number of my favourite sources of fundamental information in the first three posts in this series so today I would like to cover sources of “non-fundamental” information which include technical and sentiment analysis. Technical analysis involves looking at price charts, technical indicators like volume, moving averages, Fibonacci retracement levels, and Moving [...]
Where are commodities headed?
I was not sure if I should write this post as I am definitely no expert on resource stocks, but I felt concerned when I read what some advisers are saying about the recent correction in mining stocks. Most of them have attributed it to the Resource Super Profit Tax or RSPT announced in early [...]
Is China a leading indicator? Part 5 – China enters bear market
China is officially in a bear market as the Shanghai Composite index fell over 20% from the highs of 2009. From the chart above, we can see that the index has clearly broken below the trading range noted in my last post Is China a leading indicator? Part 4 on Mar 16. China has been [...]
Turning point reached in market rally
I was planning to write a blog post last Friday to point out that both the DOW and S&P 500 have almost reached the 61.8% Fibonacci retracement level as shown the chart of the S&P500 above. Technical analysts believe that the Fibonacci retracement levels are potential turning points in markets as mentioned in my earlier [...]
