Trend Changes, 28 February 2010

By Dave McLachlan

As I was walking through the investment section of my local bookstore the other day, I noticed an amazing thing – the majority of books out there on trading and investing don’t actually show you a solid method at all – instead they focus on the psychology of trading or investing. 

It got me thinking – yes the market can be a difficult place to be.  You might buy a share and it drops.  You might sell a share and it skyrockets.  And as humans, we don’t really like to be wrong.  But there is a better way to [...] Continue Reading…

February 28, 2010  Tags: , , , , , , ,   Posted in: Market Watch Weekly  No Comments

ASX Market Watch Feb 28 – ASX Top 200, Dow Jones, FTSE

By Dave McLachlan

Click below for the latest Market Watch Video (if you can’t see the video, click the link above).

UPDATE:

This week the three major indices we look at – ASX Top 200, Dow Jones and FTSE, are all walking to the beat of different drums.  We have the ASX Top 200 which made the largest correction of the three, and is still considered in correction mode.  Then the Dow Jones, which is snaking around the long term down trend line in a sideways movement.  And finally the FTSE, which is above both its trend lines and so is the [...] Continue Reading…

February 28, 2010  Tags: , , , , , , ,   Posted in: Market Watch Weekly  No Comments

Trend Changes for February 2010

By Dave McLachlan

This month I have learned a valuable lesson.  Often the market is such a simple place to go to, and yet because we are human we tend to make it complicated.  And the more complicated we make it, the better we feel about ourselves. 

But the only thing wrong with this scenario is that the best trading plans are simple ones – and the more complicated they are, the more likely it is we are losing money because of it. 

So this month I went back in time and back-tested the Top 20 ASX stocks properly.  I got their [...] Continue Reading…

February 19, 2010  Tags: , , , , ,   Posted in: Research On Australian Stock Trends  No Comments

ASX Market Watch February 2010 – ASX Top 200, Dow Jones, FTSE, CSL and ASX Trades

By Dave McLachlan

Click below for the latest Market Watch Video (if you can’t see the video, click the link above).

UPDATE:

This week we look at three indices and two recent trades on individual stock charts. The ASX Top 200 is still in correction mode, a close below 4467 would confirm a Dow Theory bear market, while heading back to 4800 – a close above a 45% line down from the previous peak would signal more bullishness ahead. Also the Dow Jones, FTSE, and two trades in CSL and ASX on the ASX Top 50.

As always this is not a recommendation, please [...] Continue Reading…

February 19, 2010  Tags: , , , , , , ,   Posted in: Market Watch Weekly  No Comments

ASX Market Watch February 2010 – Waiting For The Bounce

ASX Top 200, Dow Jones, and Intermarket Analysis Between Financials and Materials

By Dave McLachlan

Click below for the latest Market Watch Video (if you can’t see the video, click the link above).

UPDATE:

This week we look at what is driving the Australian Stock Market and where the market is likely to head – using Intermarket Analysis between the Financials index and the Materials index.

As always this is not a recommendation, please do your own due diligence.  A great place to start is the free trading and investment course on this site.

Happy trading!  If you enjoyed this video, please link to it from [...] Continue Reading…

February 13, 2010  Tags: , , , , ,   Posted in: Market Watch Weekly  No Comments