Articles for: Australia

Uncertainty is a great environment for traders who have done their homework and are ready to stalk.

There has been much written in the last week about bonds, interest rates and equities – almost too fashionable for me to write about – forever the contrarian!

Ethical investing experienced a spurt in the 90’s but returns have been called into question in more recent times when getting a decent profit on any share instrument has been difficult, let alone those that champion particular causes.

Since the commencement of Trading Tutors Weekly Review, I have spoken cautiously about what I believe to be a mild, bull recovery market.

Few would disagree that the US markets are a precursor for most world markets and Australia is no different.

If used correctly Market Depth can help you fine-tune your entry or exit. Simply it is a summary of buyers and sellers and it shows you the balance between the two.

I should elaborate on my view on what a rally is. A rally can be a short-lived recovery or it can be the final spurt at the end of a long-term trend up.

In Issue #4 28 April I spoke about the likelihood of retracement of the Australian stock market and since then the market has been in steady decline.

BHP is very much a favourite of mine – I had 10 wonderful years with the company, mainly in international trading.

This last week has been another one of retreat – a very orderly retracement however – what better would you want? The overall daily trend is still up but I must say some momentum has been lost and I would marginally modify my view about how far this rally might take us – at least in the medium term.