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S&P/ASX 200

Christmas rally on the XJOTrade Set Up – We would be looking to enter on a daily close above 5780 with stops confirmed once entered, and a target level of 5980-6000. Why we like this trade – Whilst history is no guarantee of future price action it is important to note that a correlation in a Dec move over the past 10 years has yielded an average of +2.74%, all of which starts from the 16th of December. A strong start to the month for equities with the XJO up 1.84% and price action recently testing and finding support at 5650, which has held true all year. We would be looking to enter with a daily close above 5780 and stops to be set once entry is confirmed around the 23.60% retracement of the most recent short-term down move. Our target level would be as high as 5980-6000 and a break above these levels could target the YTD high of 6380. That said, a weekly close below 5680 and more so, a break below the uptrend and 23.60% long-term retracement may indicate a major bear moves and a potential end of a 9-year bullish cycle where it may be not so merry for investors in the top 200. Disclaimer. Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation
ASX:XJOLong
by Pepperstone
quick long oppurtunity. XJO AUSTRALIAN ALL ORDSI'm famously and very publicly BEARISH on most markets at this time how ever this top i believe will broaden, in the mean time we have a nice Inverted Head and Shoulders forming to create our B 'leg' of our ABC correction right now, could be a good gainer on a few market big wigs or just an ETF. Looking to enter LONG on breakthrough of neckline, assuming we don't break down of 'HEAD' to form another lower low. taking profit at marked zone, thank ya mother for the rabbits happy trading ladies and gentlemen thetradingtradie
ASX:XJOLong
by tradingtradefortading
2
Watchlist : ASX 200 (AUSTRALIAN 200) Showing clear uptrendThis indices is looking good for a long, it needs to break above 6150 (red line) to confirm the bullish trend. The ASX joins FTSE, NASDAQ and russel that are leading the way as the potential for a risk on move continues, short term the yen pairs are heading lower so this may take more than a few days to become a trade. I have given the pair a wave count but it is not a clear or standard one so may be ignored, however the trend is clear and one directional so I am keen to buy into it.
ASX:XJOLong
by SteveTobin
2
ASX STO Oil Play LongFeb 12: 23.00 AEDT Ok here is one for the oil bulls. This stock has been beaten up recently, but the falling wedge and solid volume support at $3.60 and $3.90 suggests ST potential. Weekly Support is rising underneath, but at $3.50+ Ok the Trade: Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40 RR := 50/10 If it fails - re-enter at the bottom of the body gap/Weekly support. Buy $3.60 SL $3.50 Tgt $4.40 Profit less our loss above RR 70/10 Tgt is the upper body gap during WTI push higher and the rising tide. Warnings: It has not broken downtrend; There is a 13m short position overhang; The body gap under; Positives: Oil and USD rising - good for the bottom line; Bullish last 3 bars and its above the T-Line; Indicators and BBs (not shown) are positive. My position: Break out (fake) then pull back to lower gap then rally - but it depends upon Oil, $US an the S&P500 := Quick long, short, long This is an opinion not a guarantee and ... just my 2c worth ...
ASX:STOLong
by Oh_If_Only
AUS200 WES D ShortWES is ex dividend Mon 20 Feb by $1.03 so $43.09 - $1.03 := $42+/-. Allowing for slippage, it could trade down to $41.85 Monday before attempting to rally back to support at $42. But over the next few days I believe it will drift lower towards old resistance now support at $41.50 There is also that break away body gap at $40.98-41.18 which needs to fill. The keys will be XJO and AUS200 Futures prices and the bears. So my thoughts are to stay short until I get a candle(s) or indicator(s) or gut feel its time to close and reverse. I will continue to post on this chart and others (STO, Oil, Banks, reader interest etc) ... for just my 2c worth
ASX:WESShort
by Oh_If_Only
ASX ABC LongFeb 12: 11.00 AEDT This stock starts throwing up long pins in consolidation mode. In trend, it tends to have longer bars w/ short pins. My previous discussion (12 Jan) suggested a rally out of (expected) support at $5.29. This failed, and it pulled back to secondary support around $5.15 and $5.10 It is well supported on weekly as shown and has a higher high/ lower low since Dec. This is classic Dow Theory, but volume is modest. I expect this stock to start pushing up now. A close above $5.23 for two days will confirm an upside breakout and I am not expecting a close below $5.13 ABC reports late Feb so price action will be focused on forecast vs reported. I can't show it on this chart, but BB's are squeezing since Feb 9. I intend to nibble now on lower timeframe weakness and add on breakout with an initial tgt at $5.45+ and SL $5.14 At current price $5.19 that's a RR of approx. 5:1 before costs. There is short interest of 5m with avg Daily Volume of 2m. This is an opinion not a guarantee and ... just my 2c worth ...
ALong
by Oh_If_Only