Greek Banquet
11.57 pm Expect dips. Despite a good late bounce in US indices, the Aussie market ran its race on Friday and has retested 5800 with the intraday low at 5791 while the current level is a loss of 32 points to 5806.
I'm just trading intraday at the moment but thought we might rise before falling so am slightly underwater.
2.42 pm The market did continue to grind higher and is now down just 10 points. Although I can see a couple of nice buy signals, I'm going to stick with the day trading until there's confirmation of a turn in the ASX 200.
For example, GXY has a nice set up although not quite a buy signal but it's coming from a deep low and even if I want to trade it from the long side, there's still a good chance of dips to buy into. Here's the daily.
I've fought my way back into the black today but made heavy weather of it after trying to be a hero in JBH early on. Good result but weak guidance and the market often panics on that.
4.30 pm The index rolled over again and I couldn't quite hold on to the gains. Still, it wasn't the easiest day, pretty uncertain and looking weak really given US futures have been firm in our time zone.
I'm just trading intraday at the moment but thought we might rise before falling so am slightly underwater.
2.42 pm The market did continue to grind higher and is now down just 10 points. Although I can see a couple of nice buy signals, I'm going to stick with the day trading until there's confirmation of a turn in the ASX 200.
For example, GXY has a nice set up although not quite a buy signal but it's coming from a deep low and even if I want to trade it from the long side, there's still a good chance of dips to buy into. Here's the daily.
4.30 pm The index rolled over again and I couldn't quite hold on to the gains. Still, it wasn't the easiest day, pretty uncertain and looking weak really given US futures have been firm in our time zone.
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