Market Watch Weekly: All Ords Confirms Up-Trend, China’s Hard Fall, Europe Falters

This Market Watch Weekly is for educational purposes only and is not to be interpreted as trading or investment advice.  See Terms Of Use here.

This week we look at the world from a chartist’s point of view, and the strongest sectors on the ASX.  We also look at the All Ordinaries giving a short term up-trend signal (finally), while China falls hard and Europe (the FTSE) begins to falter.

Check out the video below!

http://youtu.be/JaRcCUc9hy4

Of course please do your own due diligence – a great place to start is the free trading and investment course on this site.  Check out the strongest sectors report to find out where the best places to be in the market right now, and our free Live S&P ASX 200 Shares list, Charts and Top Movers.

Don’t forget to tell me what you think!  Good bad or indifferent, leave a comment below.

Happy trending,

Dave McLachlan

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April 1, 2012  Tags: , , , , , , , ,   Posted in: Market Analysis, Market Watch Weekly

2 Responses

  1. Glyn - April 2, 2012

    Hi Dave,
    Enjoying the weekly updates as always. Should be an interesting few weeks ahead.
    Any thoughts as to the large divergence between charts of the ASX and S&P/FTSE over the last 3 months and how the Chinese markets are again completely different?
    The ‘new’ money flowing into the UK/US markets may account for this but will this then have a delayed flow on effect into the ASX? (this may be occurring now).

  2. Dave McLachlan - April 2, 2012

    Hi Glyn – great, great questions, very astute. It would be very easy to chat for hours about the different forces affecting Oz at the moment I think!

    One thing I know is that world markets do not stay “un-linked” for too long.

    I was hoping there would be more of a flow on to Australia, especially with this possible entry signal last week, and in fact I think we’ll see upward prices, but “choppy” upward prices (NOT like 2003-2007), and only in a few select stocks and sectors. Yes, this market is truly a stock-picker’s market.

    Currently we have:

    * Potential cheap money pushing markets up (Good)
    * China falling, which tends to lead Australia (Bad)
    * US showing green shoots (Good)
    * Greece, Spain, etc under threat of default (Bad)

    The list could go on, and on, and on. My strategy at this point is to mostly ingore the news / economy reports and follow the trends of where the money is flowing. If Oz starts falling again, I’ll be ready. In the mean time, I say enjoy the ride :)

    What are your thoughts on all of this?

    Cheers, Dave

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