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Asx200

BUY and then BUY again - 161% FIBGood morning traders, Crude oil is getting ridiculously cheap! Whilst the global demand for oil is decreasing due to mass quarantine, this will only be short lived (1-2 months). China is pretty much back online and working again as their outbreak has tapered off. We are looking to start buying crude at the 161% FIB level roughly $23 per barrel. Keep your stops below 10.00 and hold for the foreseeable! Any thoughts or comments let us know!! The opportunity to buy crude at these levels doesn't come around that often!! DO NOT MISS OUT
FX:USOILLong
by ForexStoreau
6
ASX200 HUGE MARKET REVERSAL INCOMINGHUGEEEE TRADING OPPORTUNITY This is going to pop up for the stimulus package in Australia, I don’t particularly care about this but I am looking for an indicator for BTC and if BTC is still following traditional markets there is a huge bounce incoming Weekly chart showing a very possible upwards direction I’m guessing whenever Scott Morrison releases his beefed up stimulus this market will go straight back up to where it was I think this is like the original BTC bubble from 2017 it’s just the start all the markets are going to make for amazing trading 2020 Not advice do not use this in anyway as investment idea
ASX:ASXLong
by bennywayhard92
S&P and world markets signs of a short term bottomThe world is going crazy, countries in lockdown, flights being stopped, but at least we have people buying toilet paper from retailers to give this quarter a boost in profit numbers hey? But really this is a short term bottom, Looking at the chart here it is very hard to see further falls right now. The candle has over extended the LinReg and the Stochastic RSI has turned around, while the bottom finder has pointed out a possible bottom. I am looking for a 25% recovery to give us time to exit our stocks and crypto etc. Selling now is not a good time. Than in May and June is when we will see the real crisis. From it's peak I am looking for at least a 50% - 60% correction So I am long for about 4-6 weeks here. taking it day by day.
ULong
by GlobalTrader_
3
A Look at the Australian EconomyAustralia Consumer Confidence has slid down to a 5-year low, dropping down to 91.9 from the previous month of 95.5. Officially called the Westpac-Melbourne Institute Index of Consumer Sentiment, it fell 3.8%, and in its March report Westpac cited the coronavirus and the effect that it has had on the financial markets as the cause of this 5-year low. It is also the second lowest level that the Index has been, since the recession of 2008 when it managed to hit 79 points. The report also stated that while consumers were rightfully worried about short term economic impacts, they were not as concerned about the longer-term economic prospects, evidence of the notion that the coronavirus epidemic would be “large but temporary”. This low confidence has also been reflected in the Australian dollar and stocks, as the AUD dropped 1.03% from the previous trading day, down to a low of 0.6492 against the greenback. It’s no surprise that investors are continuing to avoid high risk currencies such as the AUD in this volatile market, and instead place their funds into safe havens instead. The ASX, or Australian Securities Exchange, has also been on a nosedive since the 20th of February, dropping 11.5%, from above 7,000 points to 5,700, reversing all gains made in the past 2 years. This low confidence has also been reflected amongst the Australian public in such events as the now infamous toilet paper brawls, viral videos of women fighting over toilet paper in Australian supermarkets. The mass stockpiling of toilet paper has in fact become so bad that Woolworths, Australia’s largest supermarket chain, announced that they would be rationing toilet paper, and limiting the amount that people could buy down to 2. Another supermarket chain, Coles, has limited toilet paper purchase down to one per person. This certainly seems to be an overreaction given that Australia’s coronavirus crisis has been relatively contained so far compared to other countries, with only 137. But the country appears to be preparing for the worst, as the first two cases of community transmission have now been confirmed within the country, and doctors are now bracing themselves for a proper outbreak. Both cases of transmission were in the state of New South Wales. The first case was from a woman who had contracted it from her brother who had come from Iran. However the second case was the concerning one, as it came from a 53 year old health worker who had not been in contact with anyone infected or travelled to any countries with heavy infections. Australia has also now placed a ban on travellers from Italy, in addition to its existing bans for Iran, South Korea, and China. For Australian citizens or permanent residents arriving from those countries, they will have to place themselves in self-isolation for 14 days. This move comes as the situation in Italy has become drastically more dire, as the entire country is now in quarantine. It is now undoubtable that the coronavirus will cause an economic recession. And Australia’s economy will suffer a heavy blow, due to its trade connections with China. Even after a 25 basis point rate cut by the Reserve Bank of Australia to a record low of 0.5% and acknowledgement that it would ease monetary policy further if needed, Australia looks to be in for a rough time ahead. For daily market updates, follow us on Instagram at blackbull_markets and Twitter at @blackbullforex.
by BlackBull_Markets
1
ASX200 $XJO Are we heading for a bear market? Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at Friday's close. Next week, I am watching 5800-6100 as a very important area of support. (Currently, I do forecast a dead cat bounce from there) Furthermore, the ASX200 $XJO must close above or near the 200 MA (red line). If not, we are more likely heading for a bear market. One important thing to keep in mind is that the VIX is at a bearish high reading. This tells the mid-large fund organizations such as investment banks and hedge funds to reduce risk and exposure in their long/short portfolios. The good news is that we do have a TD 9 coming for the Vix and this signal a likely top for the short term. Therefore, like the hedge funds and investment banks, I am still only risking a small amount of money in the market. I will go big again WHEN the Vix is below 15 and price level can close above all moving averages. At the moment this price area is around 6666-6800. Glossary: VIX The S&P/ASX 200 VIX Index ( XVI ) calculates the amount of volatility expected in the market over the next 30 days. • High readings indicate uncertainty ( bearish ) 20-30 • Normal readings suggest a slight bullish bias 15-20 • Low readings indicate low volatility ( bullish ) and strong investor confidence. <14.99 Bear market A bear market is a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
ASX:XJOShort
by johninvest17
2
Technical Analysis Education - Simple TA on Weekly Chart - XJOTechnical Analysis Education: ASX200 (ASX - XJO) Weekly Chart For those of you out there who are new to trading, I like to keep my TA simple and clean. I also like to look at the bigger picture to understand what's happening right now. There can be a lot of confusion when an event such as a market crash happens. We can be reactive and emotional, which is normal, but not helpful. See below the #XJO which tracks the ASX200. On the weekly charts its a clean upward channel, going through from the end of the GFC to now. Strong bullish trend with healthy pullbacks (corrections) You will note that the points value moves within this channel, bouncing as it goes. Some points to note on the chart: 1. We are still in a #bullish market trend on the weekly timeframe (exclude the smaller time frames) 2. We haven't broken any major support levels. 3. We can expect to keep falling at least another 6% to said support. 4. We are still within the key #fibonacci levels of 38.2, 50 and 61.8. These are healthy retracement levels. When to be concerned? If we broke through our trend lines and fell below 5,800 points, we could potentially fall to 5,000 points or lower. Make sure to look at the big picture! Hope this helps
ASX:XJOEducation
by glennleese
2
The XJO Corrections are Quicker, as Interest Rates head to ZeroAs interest rates head to zero the bounce backs from corrections are getting quicker. XJO is in a 10 year uptrend channel since the GFC and the first correction in 10/11 from top of channel to bottom was approx 426 days at 23%, the second correction in 15/16 from top to bottom was approx 285 days at 21%, the next major correction in late 18 ( wasnt from top to bottom of channel) lasted approx 104 days at 15%. Current donwtrend has started from top of channel. As interest rates get lower from 5% to 0.5% the corrections seem to be less time. Higher Probability we bounce off the 61.8 fib level or bottom of channel.
ASX:XJO
by rutt
6
ASX 200 Index is expected to cut deep into negative territoryThe Index is expected to fall to around 6482.50 and 6409.00 in today's opening trades following the continues sell-off in the U.S. and European markets. The Index slipped below 6711.00 a critical price point highlighted in my previous update and closed yesterday's session at 6651.40. The Index has slipped into the next stage of this sell-off at 6711.00 and 6409.00 price range. Critical price level to watch in today's session is at around 6482.50 and 6409.00
ASX:XJO
by Rotuma
XJO ASX200, close above 20 MA (weekly) to be bullish againThe retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me to turn bullish on the Australia market again, I need to see the price level close above the 20 moving average on the weekly . "Green line" (around 6900-7000). If we break the 50 MA yellow line: -I will close all my open positions -Be out of the market -so I can buy great companies at a discount once this is over. -I will be watching that box around 6300-6400 as the first level of support. #cashisking. #warrenbuffet #valueinvesting
ASX:XJO
by johninvest17
Australia Stocks and S&P/ASX 200 Drops At The End Of TradingOn Wednesday, Australia stocks were softer after the stock trading. It was due to the deficits in the IT, Consumer Discretionary, and Financials sectors that led the shares weaker. At the end of trading in Sydney, the S&P/ASX 200 plunged 0.13%. The best performers of the trading session on the S&P/ASX 200 were Independence Group NL , which soared 6.00% or 0.390 points to trade at 6.890 at the close. Meanwhile, Newcrest Mining Ltd also increased by 4.03% or 1.240 points to end at 32.000 as well as Regis Resources Ltd that rose 3.70% or 0.160 points to 4.480 in late trading. On the flip side, the worst performers of the session were Polynovo Ltd declined 8.13% or 0.165 points to trade at 1.865 at the end of the stock trading. Pendal Group Ltd also dropped 5.32% or 0.480 points to end at 8.540 along with Pilbara Minerals Ltd that decreased 4.76% or 0.015 points to 0.300. Meanwhile, falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 761 to 402, and 333 ended untouched. Moreover, shares in Independence Group NL grew to 5-year highs; up 6.00% or 0.390 to 6.890. The S&P/ASX 200 VIX , which is measuring the implied volatility of S&P/ASX 200 options, strengthened 3.14% to 13.018.
ASX:XJO
by Financebroker