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AUS200

AUSTRALIAN XJO AUS200 INDEX - RIPE FOR SHORTINGThe Australian AUS200 or XJO index (ASX S&P 200 index) is fully valued at its 100% DCF value using 3.5% growth, 8.2% discount rate. The earnings for this index are less than at the top of 2007. Its P/E ratio is overvalued at 18. Australia's construction industry is in rapid decline and also its housing markets. Short term interest rates are in decline as evidence of the decline in business conditions. The index is coming up against a channel line and may turn south soon. The RSI, ROC and MACD are looking like turning down, another sign of a local top. With the US markets looking high, any change in US markets will affect AUS200 index. Look to sell short on any break downwards from here.
FX:AUS200Short
by victorko
1
AUS200 - Bearish pressure persistsFX:AUS200 Trade Idea ASX200 - Intraday - We look to Sell at 6680 (stop at 6700) Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Previous support located at 6646. We look for a temporary move lower. The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher. Preferred trade is to sell into rallies. Our profit targets will be 6620 and 6600 Resistance: 6690 / 6700 / 6735 Support: 6640 / 6620 / 6600
FX:AUS200Short
by Signal_Centre
ASX200 ForecastASX200 is currently correcting to its local support off the back of an overextended bullish move and collapsing stochastics. The most probable event is we see price retest local support, before a pause for consolidation and then a break lower towards major support. We expect major support to hold for long entry, provided the world macro environment stays stable, although we are cautious of slowing international growth. The less likely event is we see equities bounce off local support and test for new highs. We see it as less likely given a slowing macroeconomic environment.
OANDA:AU200AUDShort
by Elemont
ASX (AUS200) (AUS200Cash) LONGThe Australian Stock Market index is looking very bullish, due to the double top pattern forming on the lower timeframes. The higher timeframes also signify a rally, which sets the mood for this trading signal. I would wait to see how rice would react to the 61.50 level, which represents an institutional level, and was also tested previously Then an entry would be made after this retest. Do note that the price may not retest that far as it all depends on the buying pressure. The 200 EMA is currently moving below the price in the lower timeframes, which also prepares us for buy positions. I would expect the price to rally further with the target being the height of the "W" pattern.
ASX:ASXLong
by munyaelliott
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
All readied up for long the autralian indexI am seing the australian stock market selloff slowing down, following a selloff due to the global fear in the world that produced dumps of everything. Going to keep an eye on the dow. Right now the dow is the big bubble in the world, and it is where every one has some money. The whole market cap is insane, in particular you got the top us (and some chinese) tech stocks that have ginourmous market caps. Funny how Wallmart makes 500 billion in revenue (10 bil net income) but its market cap is far behind, while Amazon with 1/3 revenue & net income (175 bil & 3 bil) has this monstruous market cap for the simple reason of being a "tech" thing... Most tech stocks are... Apple is a crazy company and even Buffet bought shares close to ath, their net income dwarfs all the rest at 60 billion btw... BUT if we go into a recession people are not going to feel rich and are not going to buy overpriced "luxury tech". The whole Apple success is super fragile in my opinion. I see the dow going into some kind of complacency OR going to make a triple top. Unless it dumps hard it will not prevent Australian stocks from bouncing. Back to the subject. To make this simple, Australian PE ratios are at average, even in the lows compared to the past 20 years, the dividends are ok, pretty average. The country is not in any trade war, there is no drama around it, its companies are solid and yes the us dollar going up might hurt them a little, but Oil is also going down not so much a big deal for them thought. Here are the biggest companies: Australia and New Zealand Banking Group Aristocrat Leisure Amcor AGL Energy Australian Stock Exchange APA GroupStapled Security Aurizon AMP Alumina Bank of Queensland Australia is one of the richest country in the world (by person ofc), behind Luxembourg Switzerland and all the small places. Like the swiss they are very service oriented & in particular in banking etc. Do not want to go super in depth, but to make this simple there is no reason for it to go down massively it's all fear because the the overvalued us tech stocks. The FED talking about hiking rates in december so eyes open... Maybe Aus bounces before that and we can get run away with our profits before this happens :bitconnect:. Dax and Cac 40 are in the same boat Will patiently wait for my target to get reached and go long unless there is a terror attack or something. Oh and also, bullish divergence on oscillators.
ASX:XJOLong
by MrRenev