I have been invited by the Newcastle options trading club to speak at their next meeting. Many years ago I traded options, however I now only trade Australian shares using a medium term time frame. My analysis of the market and trading/investing opportunities is done using weekly charts, with the intention of holding shares for the medium term (weeks to months) to maximise returns, minimize costs, work and stress.
The seminar will discuss the above methodology, my thoughts on the markets direction, and some tips about profit preserving sell techiniques.
If this interests you please RSVP to this email and let me know. It will help arrangements if the organisers know how many will be attending. For more info about time and venue click on the link below.
The Australian market continues to be uncertain and a little volatile, although volatility seems exaggerated because the market isn’t trending convincingly. The US market appears a lot stronger, recently breaking to new highs which bodes well for our market as well as the world. The US is still the major driver of global markets, even more now as Europe struggles with constant political and societal insecurity, while question marks remain over Chinas changing economy.
I said that our market was not trending convincingly. I have mentioned many times before that the Australian representative index, the All Ords, (our top 500 shares) is unevenly balanced, with far too much weighting given to a handful of stocks like banks and large resource companies.
The index can be misleading to what is happening in other sectors of the economy and where opportunities are, particularly now we do business in a world of rapid change via technology. Big companies have struggled under this change as has been reflected recently in their underperforming share prices.
The advantage to you is you do not have to follow the crowd, re employing some of your investment capital into growth, environmental and new economy sectors that are making very good returns.
The portfolio continues to perform well using a combination of weekly trend trading and fundamental analysis. It’s up 70% since starting 28 months ago which is an average of 2.5% a month. For trade details, holdings, performance charts etc. Click on the link below for details.
I am excited to announce I have a written a trading book, a reason I have been so quiet not doing many lectures or teaching courses. The book is designed for beginners to intermediate traders and investors, however a revisit to simplicity for advanced traders can be extremely enlightening. The book contains valuable insight for all readers at any level of expertise. The book will be available for purchase on the website once all the technical issues are out of the way. Keep an eye out for it.
The website has had an upgrade, designed to be more user friendly and suit mobile devices. If you strike any problems please let me know so they can be fixed ASAP.
Free 52 week high entry signals
As always each week I post 52 week highs on the website, along with brief comments about the market accompanied by a few charts, click on the link below for the latest info.