Technicals aside, two things I have been cautious about is the...

Technicals aside, two things I have been cautious about is the tax-loss selling season (the smart money would have done it a good week ago though) and the up and coming company specific event on Monday, the new name of Arrium Ltd (ARI).

The market psychology of these two events is of great interest to me, mainly the name change part really as I have never experienced this. So much so that I have posted about it in another forum:

ASX General

My chart thoughts are below next to the chart.

Any thoughts out there?.....

Shonan Trader





PS. FYI below:

Bullish for Stocks/Commodities

• Falling US$
• Rising EURO vs. US$
• Rising Commodity Channel Index (CCI)
• Falling VIX
• XSO (Australian Small Ords Index – Often ahead of the trend)

Other Useful Links to help with some T/A Jargon:

Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
Advance/Decline Line
Commodity Channel Index (CCI)