Tag: ASX 200 VIX

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Aussie dollar leads ASX lower

The Australian Dollar found short-term support at $0.90 after last week’s fall. Reversal of 13-week Twiggs Momentum below zero warns of another decline, but expect support at $0.89/$0.90 and at $0.8650/$0.8700. Breach of the latter would confirm a target of $0.80*.

AUDUSD

* Target calculation: 0.87 – ( 0.94 – 0.87 ) = 0.80

The ASX 200 is testing a wide band of support between 5420 and 5460. Reversal of 21-day Twiggs Money Flow below zero warns of strong selling pressure. Breach of the rising trendline would suggest a correction to test the primary trendline around 5000. Support levels are indistinct because of frequent back-filling, however, and could establish anywhere between 5300 and 5450.

ASX 200

The ASX 200 VIX is rising, but levels below 20 are typical of a bull market.

ASX 200

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ASX selling pressure

The ASX 200 is falling sharply despite strong performance in China. Breach of the rising trendline (around 5400) would indicate a correction to test the primary trendline around 5000. The support level is indistinct because of frequent back-filling and could establish anywhere between 5300 and 5450. Reversal of 13-week Twiggs Money Flow below zero after a bearish divergence warns of strong selling pressure. Respect of support at the secondary trendline is therefore unlikely.

ASX 200

* Target calculation: 5650 + ( 5650 – 5450 ) = 5850

The ASX 200 VIX is rising, but low levels remain typical of a bull market.

ASX 200

Dow Jones Shanghai Index continues to make strong gains since commencing a primary up-trend, but expect further resistance between 310 and 315, at the 2013 high.

DJSH

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ASX 200 finds support

The ASX 200 found support above 5560 and is likely to re-test resistance between 5640 and 5680. Breakout would signal an advance with a target of 5850*. Completion of another 21-day Twiggs Money Flow trough above zero would indicate renewed buying pressure. Reversal below 5540, however, would warn of a test of support between 5440 and 5500 (the rising trendline).

ASX 200

* Target calculation: 5650 + ( 5650 – 5450 ) = 5850

Readings for the ASX 200 VIX remain low, typical of a bull market.

ASX 200

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ASX 200 retraces to test new support level

The ASX 200 broke resistance at 5650, but is now retracing to test the new support level. Reversal below 5620 would warn of another test of 5450, but respect of support is more likely and follow-through above 5680 would confirm an advance, offering a target of 5850*. Completion of another 21-day Twiggs Money Flow trough above zero would strengthen the signal.

ASX 200

* Target calculation: 5650 + ( 5650 – 5450 ) = 5850

Low readings for the ASX 200 VIX are typical of a bull market.

ASX 200

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ASX finds support

The ASX 200 found short-term support at 5630 and continuation of the US rally would see a breakout above resistance at 5650. Follow-through above 5680 would confirm the advance, offering a target of 5850*. Completion of another 21-day Twiggs Money Flow trough above zero would strengthen the signal. Reversal below 5550 is unlikely, but would warn of a test of primary support at 5360/5380.

ASX 200

* Target calculation: 5650 + ( 5650 – 5450 ) = 5850

Retreat of the ASX 200 VIX below 12 indicates low risk typical of a bull market.

ASX 200

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ASX 200 strong rally

The ASX 200 is rallying strongly, led by US and Chinese markets. Breakout above 5650 would indicate an advance to 5750. Completion of another 13-week Twiggs Money Flow trough above zero would strengthen the signal. Reversal below the rising trendline is unlikely, but would warn of a test of primary support at 5050.

ASX 200

* Target calculation: 5550 + ( 5550 – 5350 ) = 5750

Retreat of the ASX 200 VIX below 12 indicates low risk typical of a bull market.

ASX 200

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ASX rallies

The ASX 200 rallied after a strong showing in US and Chinese markets. Recovery above 5550 would suggest an advance to 5750. Completion of another 13-week Twiggs Money Flow trough above zero would strengthen the signal. Reversal below the rising trendline now appears unlikely, but would warn of a test of primary support at 5050.

ASX 200

* Target calculation: 5550 + ( 5550 – 5350 ) = 5750

Retreat of the ASX 200 VIX below 15 suggests low risk typical of a bull market.

ASX 200

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Two questions for Australian investors

Two questions for Australian investors:

  1. Does the graph below show an up-trend?
  2. Would it be a good time to buy this stock?

ASX 200

If your answer to both questions is NO, then why would you consider selling when we invert the price scale? The chart is the ASX 200 index. Use View >> Invert Price Scale, or Ctrl+I shortcut key to invert the chart.

ASX 200

* Target calculation: 5550 + ( 5550 – 5350 ) = 5750

The chart below is not inverted. The ASX 200 VIX tends to behave inversely to the index. A value of 12.2 suggests low risk typical of a bull market.

ASX 200

The Australian Dollar is retracing to test support at $0.92. Respect would indicate that buyers continue to dominate. Recovery above resistance at $0.94 would suggest an advance to $0.97. Follow-through above $0.945 would confirm. Breach of $0.92 remains unlikely, but would warn of a test of primary support at $0.8650/$0.87.

AUDUSD

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ASX 200: Three targets converge

The ASX 200 broke resistance at 5590/5600 and is set for a further advance. Recovery of 13-week Twiggs Money Flow above the descending trendline would confirm long-term buying pressure. Convergence of targets, calculated for different time frames, at 5750/5850 also strengthens the signal:

  • 5250 + (5250 – 4650) = 5850
  • 5450 + (5450 – 5050) = 5850
  • 5550 + (5550 – 5350) = 5750

Reversal below 5540 is most unlikely, but would warn of a correction.

ASX 200

ASX 200 VIX near 10 continues to indicate a bull market.

ASX 200

The Australian Dollar is consolidating in a narrow range below resistance at $0.94, suggesting an upward breakout. Only concerted action by the RBA would be likely to counter this. Follow-through above $0.945 would confirm a rally to $0.97. Reversal below $0.92 is most unlikely, but would warn of a test of primary support at $0.8650/$0.87.

AUDUSD

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BHP fuels ASX 200 surge

A surge in production from miner BHP Billiton — shipping 223 million tonnes in FY 2014 against earlier projections of 207 million tonnes — helped the ASX 200 break through resistance at 5550/5560 today. Expect retracement to test support at 5550 and the rising trendline. Respect would confirm a medium-term target of 5700*.

ASX 200

* Target calculation: 5550 + ( 5550 – 5400 ) = 5700

ASX 200 VIX below 10 continues to indicate a bull market.

ASX 200

The Australian Dollar responded to the influx of international buyers, breaking resistance at $0.94. Follow-through above $0.945 would confirm a rally to $0.97. RBA intervention has so far proved ineffectual, but reversal below $0.94 would warn of a test of $0.92.

AUDUSD

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