EUR:AUD – Rising Trend Channel

Hi, Following on from Mike’s EUR:USD post, there look to be a couple of potential set ups associated with the trend channel in  Euro Aussie as well

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FX Commentary from Michael Hewson

Last night saw broad agreement amongst EU nations of the fiscal treaty so favoured by Germany; however the agreement was not universal, with the UK and the Czech Republic refusing to sign up. The treaty is expected to legally bind EU countries to balance their budgets over time; however it is not clear whether some […]

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Shorting Signal on Lennar (LEN US) – M Reversal

Hi everyone, this is a really interesting chart setup because it is looking for a potential reversal of what has been a very solid uptrend for Lennar stock. The key aspect that we are looking for with this type of setup is for it to accelerate outside of the Bollinger Bands which essentially means that […]

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Still want to be short EUR

I still want to be short EUR – an increase in supply via the ECB’s LTRO and a track record of disappointment from European political leaders makes me think a sharp move down may be due. I’ve avoided shorting EUR/USD because it was a very crowded trade, but the 6 big figure rally from 1.26 […]

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Woolwoths – Strategy Update

Hi everyone, I’ve been following an ABC sell trade in this stock with recent posts. Woolworths released their 2nd quarter sales results today. Overall results were broadly in line with expectations. Supermarket sales were possibly a bit weaker than generally expected but this was compensated for by somewhat better anticipated sales in the discretionary sector […]

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FX Commentary from Michael Hewson

Today’s EU summit is likely to be a rather testy affair after reports on Friday that Berlin wanted more stringent EU oversight of Greece’s finances in return for a new bailout,  as concerns grow over the country’s ability to deliver on its financial obligations. Items on the agenda to be discussed include the fiscal compact […]

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Sell set up – Bank of Communications ( HKSE 3328) and Shanghai Electric update ( HKSE 2727)

Hi everyone, The ABC sell set up in Shanghai Electric set up I posted on 20 January was triggered by Friday’s weak close. I’ve outlined  some ideas on exit strategy on the first chart below for readers following this trade. There is a similar set up on the cards with Bank of Communications. This would […]

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Australian share market – Monday morning comment

Hi everyone, I’ve posted some comments on this week’s outlook as well as some thoughts on the Australia 200 and US SPX 500 charts

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Television Broadcasts (511 HK) – Buy on Range Bounce

Hi everyone, today for something a little different I am looking at a chart that is in a decent sideways range and is showing some good characteristics for a bounce off the low-end.

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Australia 200 Index – Testing Levels

The Australia 200 Index has traded sideways since last August. As Europe heads away from collapse, US data improves and monetary conditions remain easy, will the index break out through the topside? The levels to watch are

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