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 April Market Update The Australian market gained 1.20% for the past month, with markets relieved to see French presidential runner Emmanuel Macron coming through with a win in the first round of the presidential elections. The key Resistance level is 6000 and support around 5,791. US president Donald Trump released the proposed tax cuts which […]

Market Update   The Australian market has mainly traveled sideways this year, failing to break out of key support and resistance levels for months. Resistance was set around 5,877 and support roughly 5,665 on the All Ordinary’s index. The Index finally broke resistance on the 29th of March which was welcomed by investors. There has […]

XJO FORMING DOUBLE TOP The ASX 200 appears to be forming a DOUBLE TOP pattern with confirmation once the price breaks below the 5,581 level. A DOUBLE TOP pattern is created when a peak is followed by a trough which is then followed by another peak that is near to the same value of the […]

 The VIX is a trademarked ticker symbol for the CBOE Volatility Index and is calculated by the Chicago Board Options Exchange (CBOE). It represents one measure of the market’s expectation of stock market volatility over the next 30 day period and is often referred to as ”The Fear Gauge. When the GFC hit, the VIX […]

The ASX 200 has had a great bullish run for the last month and a bit, price however has started to drop off in a correction. Current resistance is set around 5,830 with the next level at 6000. The first level of support is based around 5,600 with the next levels around 5,506.   Chart: […]

XJO Bearish State   The Asx200 has entered into a bearish state with the EMAS. The previous support level of 5,462.52 has been broken with the next level of support currently at 5,361.7.             One key factor is the American market and if interest rates are lifted. The Jobs creation […]

Where to next for one of this year’s best performers so far? Gold, Gold, Gold! The commodity that hit US$1,923 an ounce in 2011 to fall to US$1,043 in 2014 has been making a comeback.Gold recently hit US$1,375.30 an ounce and has been one of the top performers this year. Currently trading at $1333 an […]

It’s said that generally 0-15 is a positive market, 15-20 is a cautious market, 20-30 is a negative market and 30 plus is an extremely uncertain market. Recently we saw the A-VIX jump to 24 due to the BREXIT vote indicating a negative market. With the BREXIT over, it seems that the markets have made […]

The ASX 200 has had a wild and mostly sideways ride in the last 12 months due to global uncertainty and China’s slow down. Looking at the chart below, over the last year we can see that the ASX is in a channel. Currently there is a resistance level at 5,428.18 and a support level […]

At this time of year, financial publications are awash with results of “Expert’s Stock Pick Results” for 2015 and their glowing predictions for 2016. Whilst making interesting reading and giving hope to those without access to any sophisticated trading tools, to an ShareSmart client, there is little news there that is really “news”. Take for […]