Australian Stock Market SPI Futures 30th March 2015 Report

As mentioned in the last report:- 5691 was going to act as support and push up towards 6005... The question is... do you want to be holding LONGS once again once 6005 is reached?  I know I wouldn't, unless there's a pullback within the Quarterly cycles  (Previous Report)

SPI Primary & Weekly cycles

As noted in the previous report, it was time to get out of the market once the SPI hit 6005 (overnight 6011).

As noted in the previous report, the next term long is around the BUY zone, which is currently 5482.

The current price action is very similar to the high reached in MAY 2013 and reversal down into the BUY zone.

However, the only difference between the two patterns is that the price action in 2013 was occurring within a break & extend pattern in the Quarterly cycles, whereas this current high is still part of the current Quarterly breakout @ 5691.

Therefore there is still the potential that the market has another go at a higher high in the 2nd Quarter as part of the extend pattern, and that will depend on the price action in US markets (S&P 500 Report)

But for me, I'd rather sit on the sidelines and wait for the pullback.

Australian Stock Market SPI Futures 3rd March 2015

The Trust pattern upwards from the 2015 50% level and now a close above 5691 is extremely bullish to continue higher 
 Therefore 5691 is seen as support, as the trend can continue to move higher until the 2nd Quarter (April) 6005 is the current target.     Previous Report

SPI Primary & Weekly cycles

As mentioned in the last report:- 5691 was going to act as support and push up towards 6005...

The question is...  do you want to be holding LONGS once again once 6005 is reached? (potentially the MARCH highs)

I know I wouldn't, unless there's a pullback within the Quarterly cycles :- Monthly 50% levels

SPI Futures Australian Stock Market 9th February 2015

SPI Primary & Weekly cycles

As mentioned in the previous report, the Australian Market is back into a Bull trend. & has now completed the move into the 2015 highs.

Unlike my view last year to dump stocks around the 2014 highs, this time it's different

The Trust pattern upwards from the 2015 50% level and now a close above 5691 is extremely bullish to continue higher

Therefore 5691 is seen as support, as the trend can continue to move higher until the 2nd Quarter (April)

6005 is the current target.

AUSTRALIAN Stock Market SPI Futures 28 January 2015

SPI Primary Cycles 2015

If you've been following my reports for a while now, you'd know that I've been bearish on the Australian Market since reaching the 2014 highs. 

Normally with the alignment of the 2015 50% level, this would put pressure on the Primary cycles to move lower, as was the case with the first few weeks in January.

However, if you've read my US reports (S&P 500), you know I've been bullish, and the price action in the US has helped the Australian Market remain stable, and based on this week's price again once again move into a BULL trend. (Above 2015 50%)

However, the important pattern in the Australian market is the price action of the Precious Metals (GOLD & Silver). I was Bullish on Silver but not so much on Gold.

Both those markets now have the potential to rise upwards after being depressed for the past 2 years, which gives reason to underpin the Australian Market. (READ GOLD Report).

If GOLD & Silver is going to Rise, then keep an eye on the AUD/USD (Read Forex Report)

Australian Stock Market SPI futures 1st January 2015

SPI Primary & Weekly cycles

The 2014 50% level has supported the Australian Stock Market, and as mentioned in the previous report, the US markets continue to look bullish, which was enough to drag the Aussie market upwards and close out the 2014 Primary cycle right at a critical level.

As mentioned in previous reports, the 2015 50% level @ 5377 is going to define the trend for the next 2 years, especially if it's trading below it. 

If you look at precious metals (read Gold Report) my view is that there is weakness in those commodities which is enough to push our market down into the 2015 lows, however US markets continue to look bullish. 

As we can see the SPI is going to open above on the January 50% level @ 5355 which is going to define the short-term trend.

Read S&P report

http://www.usindexweekly.blogspot.com.au/

SPI Futures Australian Stock Market 17th December 2014

SPI Primary & Monthly Cycles

 

As we can see the Primary and Secondary cycles are driving the market lower.

 

There is current support around 2014 50% level, but the secondary Sell zone in the 4th Quarter @ 5399 has stalled the market, followed by a December break, leading to a potential move down into the January lows.

 

As mentioned in the previous report; below the 2015 50% level and the Primary cycles suggest further weakness in 2015, and potentially a 2-wave cycle that trends lower into 2016. (5-6 Quarters)

 

When we compare the Aussie Market to the S&P 500, the Primary cycles look to be moving in the opposite directions.

 

http://www.usindexweekly.blogspot.com.au/

 

The S&P remains above the Primary highs in 2014, and potentially this could see a push upwards in the 1st Quarter in 2015.

 

If that's the case this will help the Australian market rise up into the 2015 50% level (Sell Zone).

 

At this stage in the Primary cycle I would be focusing on building cash reserves, whilst the market zig-zags lower of the next 5-6 Quarters. (long term investing).

 

Whatever happens in 2015 sets up the next long term BUY strategy in 2016 for the next 4-5years.

 

 

 

Australian Stock Market Report 1st December 2014

The most robust pattern of the trend continuing higher is for the Trailing support (currently 5139) rising upwards and forming a higher Support zone in December, providing the next thrust pattern.

Previous Report

SPI Primary and Monthly Cycles

As we can see the 2014 highs have continued to form resistance since bouncing off the October support zone.

As mentioned in the previous report, if the market is going to continue higher, the December support pattern now at 5267 comes into play.

That means Support @ 5267 (24 hour market @ 5243), followed by a 5-day high breakout &  a weekly close back above  5399.

If that follows then we should see the start of the year push upwards.

It doesn't bode well if the market is opening below the 2015 50% level at the start of the new year, as illustrated in my books.