Besides finding out relevant support and resistance zones through Volume Profiling is there anything else useful to get from it?
Several years later it is still good information, thanks.Shares III
OK so the standard secondary market in Australia is made up of 2195 different listed entities that are classified according to a GICS rating (Global Industry Classification Standard). New shares are entered through listings (IPO's) and some shares drop off through de-listing. (This doesn't include futures market, derivatives or CFD markets. It also doesn't include small regional exchanges which have their own listings).
GICS is an industry classifications system that has been developed by Standard and Poors and Morgan Stanley Capital International (MSCI). It is these entities that are responsible for the publication of indicies data., Such as the ASX 200, All Accumulation Index etc etc. More information on Australian Indicies can be found here.
http://www2.standardandpoors.com/po...es_ei_au/2,3,2,8,0,0,0,0,0,0,0,0,0,0,0,0.html
There is a lot of useful information to be found at the Standard and Poors website about what goes into an index. The index used by industry professionals is the ASX200 rather than the All Ords. As the name suggests the ASX 200 is made up of the 200 Largest Stocks by market cap on our exchange. (Market Cap is simply the number of shares on issue times price of those shares) There are 10 main sectors of the market according to GICS classification.
Energy
Materials
Industrials
Consumer Discretionary
Consumer Staples
Health Care
Financials
Information Technology
Telecommunication Services
Utilities
(You also tend to see Financials broken into Fins-x-Reit and A-Reit which is that sector of the market minus Real Estate Investment Trusts, and REIT's on their own).
Certain global characteristics are going to influence sectors of the market differently. There are a great many influences over our market, which can rapidly influence prices on our exchange. This is why so much attention is given to major economies that have the capacity to influence the world economic conditions.
There is so much data out there that even if you gave up sleeping altogether, you wouldn't have enough time to read everything. So it becomes a matter of experience to know what is important and to understand what these influences are and how they work to influence our market. Use whatever you feel comfortable with. Personally I look at the following: -
Bond Yields
Interest Rates (Local and International)
International Reserves
Commodity Prices
ASX200 Index
To give me a general sense of how our market is tracking at any particular point in time.
Ok I've got lot's more to say about shares (LOTS more trust me) - but It's time to move onto property or I'm never getting this finished.
Cheers
Sir O
Love it haha"Look it's simple you just need to use a wave analysis Gann, Fibonacci, EW approach, Candlestick with a stochastic oscillator and a MACD, Bollinger Bands, and look for H&S, Double Tops, Resistance Levels, Flags, Pennants, Triangles, and Dodecahedons (that last one is a joke BTW) - they are full of it.
Would be so interesting to know where you think we are now March 27, 2021?Nine o'clock (or there abouts) is when the market reaches the old high, so we aren't there yet by a long stretch. I'd have to say we are closer to eight than seven at the moment.
I'm focussing on the share market rather than the broader economy itself. If you want to look for the start of the Property market...it occurs very near the 12 o'clock position, not the six o'clock position. It also tends to start at the highest population density areas before moving into less populated areas. So depending on where you are looking it could have occurred (and is still occuring as it moves away from higher density areas) a couple of years ago.
Clear?
Cheers
Sir O
Hopefully someone else answers you re futures, I can't help there.Sir O, or anyone else, I am a newbie just learning to trade and I feel a big crunch coming very soon. After the crunch I would like to have a portfolio (not leveraged because I am too old to use debt again) of quality stocks to sit on which I can probably select, and an opinion of the way I can anticipate and amplify returns from a fall for which I would allocate a small amount of resources. I believe futures is a way to profit from falls. Is there a link to understanding futures here? Is there anything else I could consider - generally speaking?
Hi Timejumper,Hi everyone
It is a mine field out there.
Can anyone tell me the best trading pattform for trading CFD's of the ASX stocks
I was using CMC many years ago and ready to re-active the system I have.
can someone explain to me if the recent notice for the proposal to list options that will mature in 2022 will have any bearing on the share price?
I noticed the other day the listing in the afternoon after the market had closed and that my little alarm icon on commbank didn't show it the next day.....it seemed a little sneaky. Any ideas?
Quoted over from RMX thread so hopefully might get a response here or in the RMX thread?I'm also interested to understand any SP implications by this, I don't claim to understand options apart from the bare basics.
Thanks for that. Much obliged.Hi Guys, options don't have any bearing on the share price, in actual fact it's the share price, the volatility and time that determine the option price. Some traders want to use long dated options for their trading strategy so this will only help those traders.
More than likely a scam/spam.Hello everyone, I wanted to ask experts a question about the platform. Want to start here, tell me if you know anything about her and her conditions. Both in terms of conclusions and currencies. Is it worth starting there or choosing another platform.
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