Wednesday, August 19, 2009

Nice to know you aren't the only one

just had the opportunity to read something from Kirby Daley, senior strategist at Newedge Group which was on Squak box last night in the U.S. It seems he too is of the belief this rally may be at an end. you might want to check it out. http://www.cnbc.com.au/ then go to NEWS - ASIA PACIFIC and look for It's the End of the 'Cheerleading Rally': Strategist. don't you just love the term 'cheerleading rally'.

The sweet smell of a contraction

Is it finally about to happen, a 180 point fall on monday in the US and the a 70 point retracement last night. PLEASE let this be the start of a pullback in the markets as we have been running on vapour for the last couple of weeks. So what if Aus has signed a huge contract for gas with the Chinese it doesn't mean we have got back on the horse and we are away. There is still a little dirt left to scrub off before the economy is even close to back on track. so lets wipe some more off clear out the dead wood and get players like me comfortable with the way thingts are.

Sunday, August 16, 2009

Worried

I am a little more than concerned about the present state of the equity markets. I have a top coming in using quite a few different methods. Candlesticks , timing counts , cycle work , Gann angles etc etc etc all are presently calling a top in the market. Time to go to cash or for the brave , have a look at some shorts on the market and stocks.

Friday, August 7, 2009

Interesting times

Well DOW, S&P, Russell and even thye NASDAQ are down overnight and it is Friday here. We all know the rules never buy on Friday. Since I am in cash at the moment I might just have a relaxing day with friends and sit back and watch. Nah lets face it I will be watching. Have a good day.

Wednesday, August 5, 2009

Contrarian

Hmmmm...might be time to take some money off the table. We closed out our positions in WBC and WDC over the last couple of days for some pretty healthy profits , but at the moment looks like we are in for a nice little retracement in the indexes. I would be wary of any longs in the equity market as we speak and anything that is running close to the wire ( not hugely profitable that won't sustain a retracement) I would be looking to close or hedge.

We had Housing Sales out of the US the other night and was the best numbers that for those figure since 2003. They are normally a good indicator of a sustained turn in the economy. I would suggest that the market is getting ahead of itself in the short term, but that the tide is definately turned for equities markets over the medium term.

Well only time will tell in the next couple of days on what sort of pullback we get.

Good Hunting

Bear

Closed WDC

What a beautiful week we closed our WDC's (Westfields) for 12.25, and made a nice profit. in percentage terms 9.57% for the trade and 11.77% for the portfolio.

Out at the Temple last night

Sorry folks but the Oracle was out at the Temple (Ryans Bar) in Sydney with the Bear and the Druid and a good mate (the Asp) from down South who is our contact with our wholesaler. Lets just say we sorted out the worlds woes and put trading on the back burner for a while. Back on deck now though

Tuesday, August 4, 2009

and a great day was had by all

WOW, all the major indexes up overnight. Just has to bode well for us here in Aus. today. Word is the banks are going to push up fixed mortgage rates even though the Reserve Bank of Aus is saying rates will stay on hold. Gotta make financials the go for a while yet

Monday, August 3, 2009

Another day in beautiful paradise

What can we say, but life is tough. Our WDC (Westfields) were up again as was our TLS (Telstra). Both on the ASX, our only issue now is when to sell them.

Our next Seminar to introduce CASHFLOW trader Shares 4 Free

Bankstown Sports Bowling Club
41 NORTHAM AVE BANKSTOWN
On the 11th August 2009
Registration 09:00am for a 09:30am start to finish @ 11:30am
For an introduction to CASHFLOW trader “Shares 4 Free”

Send an email to info@cashflowtrader.net.au if you want to join in

One for the Bear

Looks like we might be about to take a breather very soon. My mate the bear a contributer to this Blog has been spruking this news for weeks now. He says we are due to roll back a bit and take some profit from the table. After reading some of the other blogs it appears others are finally getting on the bandwagon. With this in mind we might start watching for stocks to come off and then take a grab at a lower price.
the oracle

The Dollar moved Strongly on Friday...

The dollar sold off strongly on Friday and pushed a number of currencies to longer term support/resistance levels and reversed the intermediate bias in the process. Our members can have a technical look of a number of the currency pairs offered by Cashflow Trader, as we head into the new week and the middle of the 3rd Sales Qtr...

Good Morning and welcom to Monday

Well start of a new trading week, after selling WBC:AU (westpac on the ASX) last friday we are left with WDC & TLS both doing really well. Looking for a good start to this week and will more than likely be picking up a couple of trades as our Telstrs (TLS) is a zero risk

the oracle

Sunday, August 2, 2009

Just spent a great weekend running a seminar down at our friends motel in Sale Victoria
The princeton motor lodge (www.princetonmotel.com.au)

great people great food good time was had by all


the Oracle