Articles for: ASX

The papers have been telling us that this has been the worst fiscal year for the equity markets since year dot or when Adam was a kid.

A lot of traders fear overnight gaps. A gap is when the price jumps one way or the other overnight compared to the closing price of the day before.

The 200 day moving average is oft quoted by analysts who are ‘sometime’ technical analysts.

After a shocking week previously, the US market managed to regain some lost ground through to Thursday despite a raft of disappointing economic data results.

Well not yet but it is possibly only a matter of time. Let’s go straight to the chart and see what we can glean.

Since last week we have seen Santos power away and continue to make higher levels.

One subscriber asked if I would do a similar review of BHP as I did for oil last week.

When last we looked at Santos (STO:ASX) the price was getting close to the all-time high of 16.08 set last October.

Since carving out fresh highs in late October, world markets experienced the first significant correction in around five years, and for many it was a rude awakening.

It is a common misconception that when the general market heads south that all shares must follow.