Weekly Index Reports 26th April 2008
Australian and US Index Markets: - DOW and S&P
Please click Weekly reports to the Right.
Banking Stocks Weekly Report 26th April 2008
http://aussie-stocks.blogspot.com/search?q=banking
BHP Trading Report 26th April 2008
http://aussie-stocks.blogspot.com/search?q=BHP
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All information is owned and copyrighted by Frank Dilernia and cannot be reproduced without consent
SPI Trading 24th April 2008 RECAP
"SPI has completed a Weekly pattern towards the highs yesterday @ 5699, and stalled reversing back down late yesterday
The trend guide for today is simply going to be Monday's 5-day high @ 5660.
Above 5660 and expected push into a higher Weekly close around the 5-day highs 5711+
Below 5660, and it's a random expectation, but probably end up closing on it's lows, therefore my only view is only 44 points down and back to 5-day 50% level"
The trend guide for today is simply going to be Monday's 5-day high @ 5660.
Above 5660 and expected push into a higher Weekly close around the 5-day highs 5711+
Below 5660, and it's a random expectation, but probably end up closing on it's lows, therefore my only view is only 44 points down and back to 5-day 50% level"
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SPI 16:00
SPI opens below 5660 and pushes down into the 5-day 50% level and reversing upwards 44 points into a consolidating trading day.
SPI Trading 23rd April 2008 Recap
Morning Report 8:30am :- SPI rotated down into the 5-day 50% level and bounced, with any upside this week towards the Weekly highs @ 5699.
As I pointed out yesterday, I would rather go LONG on Wednesday than on Tuesday, because yesterday was part of a reversal pattern from a higher Weekly open.
Once again Yesterday's 44 point range needs to complete before the trading day begins, and because it's occurring from a higher spiral point the bias is to move down before it goes higher.
In conclusion:- the overall market looks to be going higher, but using intra-techniques I can't trade long on the open because I prefer to trade on the upside from lower spiral points"
SPI RECAP:- 11:20am
SPI moves down into an R44 low and move up towards the Weekly highs @ 5699
As I pointed out yesterday, I would rather go LONG on Wednesday than on Tuesday, because yesterday was part of a reversal pattern from a higher Weekly open.
Once again Yesterday's 44 point range needs to complete before the trading day begins, and because it's occurring from a higher spiral point the bias is to move down before it goes higher.
In conclusion:- the overall market looks to be going higher, but using intra-techniques I can't trade long on the open because I prefer to trade on the upside from lower spiral points"
SPI RECAP:- 11:20am
SPI moves down into an R44 low and move up towards the Weekly highs @ 5699
SPI Trading 22nd April 2008 RECAP
SPI Recap :- 15:30
SPI moves down from Monday's 5-day highs 5660 and back into Tuesday's 5-day 50% level finding support.
This type of trading (rotation and extension) within the 5-day patterns will probably continue until the New Month of May begins...
WBC BankSo what's my strategy for the rest of the year?
My strategy is to try and take between 5-15% gains per quarter, and those gains are going to be dependant on my entry prices. As you can see the same strategy recently Buying around the current lows in banks but the % gains are dependant on my entry prices.Between 5-15% gains in each Quarter and I'd be pretty happy with that for 2008.
That is why I want to be Buying back into banking stocks around the Yearly lows again with the expectation that the Yearly lows will support banking stocks for the rest of 2008 and rotate back towards the Quarterly 50% levels.
Therefore I want to be trading double lot positions on Banks around Monthly and Quarterly lows looking for rotations back towards the higher timeframe 50% levels for the rest of this yearBecause Banks will be under pressure and will have enough volatility to be pushed around for many months to come, I will move into weekly swing trading and using the Weekly lows and short-term trading of 2-3 day patterns back into the 50% levels and exit zones." ....
Weekly Report 22nd March Premium Report
2nd trade on WBC and exit @ 23.84, will once again have a look at WBC once it goes Ex-dividend...
SPI Trading 21st April 2008 RECAP
SPI Morning Report (The Premium Trader) 8:30amAfter reading the Weekly report, I'm favouring a consolidating market trading between the 5-day ranges until the end of April, and if there is going to be a move higher in this quarter it will probably occur from the MaY 50% levels.
In the mean time let's look what has occur in the markets recently.
Last Week, 2-day reversal down on Wednesday into Friday thus completing a probability pattern after the change of the 3-day cycle, and now there is more reason to move higher towards the Weekly highs @ 5699.
Whilst price is above the previous 3-day high break @ 5548 then the potential is the move towards the 5-day highs.
Weekly Index Reports 19th April 2008
Australian and US Index Markets: - DOW and S&P
Please click Weekly reports to the Right.
Banking Stocks Weekly Report 19th April 2008
http://aussie-stocks.blogspot.com/search?q=banking
BHP Trading Report 19th April 2008
http://aussie-stocks.blogspot.com/search?q=BHP
The Trader Premium...
All Daily Reports, the Stock Report, and FOREX GBP/USD now
For daily trading set-ups and high probability 5-day patterns subscribe to the the Trader Premium
http://www.datafeeds.com.au/premiumtrader.html
All information is owned and copyrighted by Frank Dilernia and cannot be reproduced without consent
Australian and US Index Markets: - DOW and S&P
Please click Weekly reports to the Right.
Banking Stocks Weekly Report 19th April 2008
http://aussie-stocks.blogspot.com/search?q=banking
BHP Trading Report 19th April 2008
http://aussie-stocks.blogspot.com/search?q=BHP
The Trader Premium...
All Daily Reports, the Stock Report, and FOREX GBP/USD now
For daily trading set-ups and high probability 5-day patterns subscribe to the the Trader Premium
http://www.datafeeds.com.au/premiumtrader.html
All information is owned and copyrighted by Frank Dilernia and cannot be reproduced without consent
SPI Trading Recap 18th April
SPI RECAP 12:20
Morning Report 8:30….
Yesterday’s view was that the SPI would come down and test 5548 (3-day high break) before it could continue higher.
On the flip side, there is still a large gap to the 3-day lows @ 5374, therefore there is also the potential that there could be a 2nd ‘stalling’ day on Friday, which often occurs when there is a break of the 3-day cycles :- 2-day stall-reversal before the trend continues.
Therefore short trading around the R44 highs is warranted, but it's high risk to be short-trading above the Spiral Filter...
But if price is moving down from a higher Spiral point then the expectation is that the rest of the trading day is moving back down towards 5530….
Morning report…10:10…
Price has pushed down and trading below 5530.....
This is following a 2-day reversal pattern, which now has a random outcome, it can follow a trending day down into 5498 (5-day 50% level , and it can continue back towards the 3-day lows....
Whilst below 5530 is can travel any length on Friday....High Risk trading longs below 5530….
Rejection of the April 50% level @ 5615 and potential 2-day reversal into the 3-day lows @ 5374
Morning Report 8:30….
Yesterday’s view was that the SPI would come down and test 5548 (3-day high break) before it could continue higher.
On the flip side, there is still a large gap to the 3-day lows @ 5374, therefore there is also the potential that there could be a 2nd ‘stalling’ day on Friday, which often occurs when there is a break of the 3-day cycles :- 2-day stall-reversal before the trend continues.
Therefore short trading around the R44 highs is warranted, but it's high risk to be short-trading above the Spiral Filter...
But if price is moving down from a higher Spiral point then the expectation is that the rest of the trading day is moving back down towards 5530….
Morning report…10:10…
Price has pushed down and trading below 5530.....
This is following a 2-day reversal pattern, which now has a random outcome, it can follow a trending day down into 5498 (5-day 50% level , and it can continue back towards the 3-day lows....
Whilst below 5530 is can travel any length on Friday....High Risk trading longs below 5530….
Rejection of the April 50% level @ 5615 and potential 2-day reversal into the 3-day lows @ 5374
SPI Trading 17th April 2008 Recap
Weekly Report....
"C & D set-up:- Continues down into Weekly lows, and then swing upwards back into the Weekly 50% level, and as high as the April 50% level 5614
This is because of the Lower Weekly open and swing back upwards into a 3-day counter-trend move with the 'new' 5-day trading pattern."
SPI Recap 10:47
"C & D set-up:- Continues down into Weekly lows, and then swing upwards back into the Weekly 50% level, and as high as the April 50% level 5614
This is because of the Lower Weekly open and swing back upwards into a 3-day counter-trend move with the 'new' 5-day trading pattern."
SPI Recap 10:47"Today's open will be a gap open above the 3-day highs, whenever this occurs there is an expectation that price will come down and re-test the 3-day high break @ 5548.
We can see there is a large gap to the 3-day lows (5374), therefore I expect a 2-day stall reversal until those 3-day lows catch up with price for any higher move to continue."
Therefore today I'm looking for a push down from the higher open in an R44 low, but then Thursday moves into a consolidation pattern of 44 point ranges for most of the day."
Morning Report The Trader Premium
SPI Trading 16th April 2008 RECAP #1
SPI Daily and 5-day charts
Lower Weekly open and a swing back towards the Weekly 50% level will complete on today's higher open, this is also match with the 5-day 50% level.
5-day 50% level resistance with the expectation price will push down 44 points....
Once again the 5-day 50% levels today will be a trend guide....
A push down completing 44 points and then trading above yesterday's 5-day 50% level @ 5483 has the potential to push higher into close, but again use the Spiral filter to manage in trades (big or small)"
Morning Report....
15:55 SPI Recap
SPI opened higher and moved down 44 points above yesterday's 5-day 50% level @ 5483 remaining in a tight trading day.
Whilst trading below Today's 5-day 50% level capping the market and swinging in 22 point ranges providing good short term rotating intra-day patterns for day traders using spiral points....
Lower Weekly open and a swing back towards the Weekly 50% level will complete on today's higher open, this is also match with the 5-day 50% level.
5-day 50% level resistance with the expectation price will push down 44 points....
Once again the 5-day 50% levels today will be a trend guide....
A push down completing 44 points and then trading above yesterday's 5-day 50% level @ 5483 has the potential to push higher into close, but again use the Spiral filter to manage in trades (big or small)"
Morning Report....
15:55 SPI RecapSPI opened higher and moved down 44 points above yesterday's 5-day 50% level @ 5483 remaining in a tight trading day.
Whilst trading below Today's 5-day 50% level capping the market and swinging in 22 point ranges providing good short term rotating intra-day patterns for day traders using spiral points....
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