One of those days

Just one of those days today ASX opened up then looks like spending the rest of the day going back to its starting point.

Up 8 points as I type and flat as a tack. looks like we have started Easter early here

 

The Oracle

 

XJO on the edge

Ok my trader sense (bit like spidey sense but different) is twitching and telling me that the island reversal we are getting today is a sign of things to come.

the Oracle

ASX 200 up for lunch

The ASX 200 is up for the day and at lunch 31 points with everything going along just fine. Our MQG and PPT shares are up well .

 

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Things looking good for the ASX today

The DOW was up 102 points S&P500 8.36 It has got to be looking good for a great day for us.

 

Trades looking Good

ASX up for the day PPT’s looking good as is our MQG’s

 

MQG on target for a great trade

MQG is doing great for us

We got in early and it looks like breaking the resistance level

Returns will be great

 

the Oracle

Looking at the ASX200

The XJO still looks like it has some steam left in the present push forward. The Fibonacci levels are still in play from the last retracement.

Look for a little pullback then we go again.

National Australia Bank Update

National Australia Bank appears to have broken the trading range that has been in play for a while now.

Good target for the flag pattern !

Looking at the ASX200

The XJO still looks like it has some steam left in the present push forward. The Fibonacci levels are still in play from the last retracement.

Look for a little pullback then we go again.

Thoughts for the day

ASX looking to go a bit further South while the Yanks digest the Obama health reform

Macquarie Bank and National Australia Bank

Two very interesting charts have come up in the last couple of days. Both Macquarie Bank and National Australia Bank are in solid flag patterns.

We could be seeing some very interesting moves in both stocks coming up in the coming days.

Newcrest Mining and Gold

Newcrest is presently in a flag pattern and based on the movements in Gold overnight, Newcrest Mining has the potential to break that flag pattern.

The target out of the flag pattern is $37.00 which is also the fibonnaci extension target as well.

Certainly something to keep an eye on.

Good Hunting

Toll Holdings

Toll Holdings has bounced nicely from the 50% fibonnaci level and appears ready to make a decent retracement back up the long Candle that happened after the recent results.

The potential target out of the present pattern would be somewhere in the $7.70 region. A break in the trendline on the RSI and a move above $7.20 would confirm this bullish move.

Good Hunting