Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

AUDUSD to Eight Month High – Market Update

Finally something has moved with the Australian dollar moving up through the key 0.77 level to an eight month high above 0.7750 and only pips away from its highest level since November 2016. ASX200 To the more boring thing first. The ASX200 index continues to move between 5650 and 5800. The selling pressure / resistance …

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S&P/ASX 200 Sentiment Bearish as Index Struggles Under 5800

For the week beginning 10 July 2017, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) remains below 50 for the first time this year as the ASX200 index struggles to make its way back through the key 5800 level.  See below for notes on the indicator. Click on the …

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Reluctance to Move Higher – Market Update

ASX200 The ASX200 index seems a little confused, as it moves back and forth between 5650 and 5800. The selling pressure / resistance continues at 5800 as the index repeatedly gets pushed back from around this level. Again, with the resistance in place and playing a significant role, the key level of 6000 seems so …

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ASX Sector Analysis – Telecommunications Returns to the Bottom

Health Care, Utilities and Industrials are leading the way, as the Telecommunications Index returns to the bottom of all three time frames in the latest ASX Sector Analysis for the week beginning 3 July 2017. The ASX Sector Analysis is conducted over three time frames – the last 3 months, 6 months and 12 months.  …

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