Think Financial Markets - Excellence In Trading Financial Markets: August 2007

Think Financial Markets - Excellence In Trading Financial Markets

Market Sentiment

It is essential that we have a general feeling of which direction our market may trade on any given day.

To achieve this it is necessary to be aware of how global markets have performed on the previous day as well as during the night.

We measure this sentiment by allocating points to certain global indicies to measure their strength or weakness.

We look firstly to The Dow Jones Index. This index is one of the world’s most influential and as such rates very highly in determining the daily sentiment.

We allocate between 2 pts plus or minus if the overnight movement is less than 50pts or 4pts if over 50pts

The next most important indicator is the SPI200 which is the futures contract covering the Australian markets top 200 stocks and trades almost 24hours per day.

We also allocate between 2 and 4 pts as per the Dow.

Then we add both the Nasdaq and the S&P 500 indicies from the U.S they are allocated points as follows

Nasdaq above /below 30 ,plus or minus 2pts or less than 30, 1pt

S&P 500 above /below 15, plus or minus 2pts or less than 15, 1pt

Next we add the FTSE 100 results from England and the NIKKEI 250 from Japan which are allocated 1pt for a plus or minus result.

The maximum points on our table are 14 and variations of this will gauge bullish or bearish sentiment.

Other very important overnight markets to be taken into consideration when trading the Australian market are firstly the strength or weakness in the Aussie dollar versus the US dollar and we rarely have a good day if the commodity markets have been sold down during the night.

Friday, August 31, 2007

Market Sentiment

Dow -51 =-4
Nas 2 =+1
S&P -6 =-1
Ftse 80 =+1
Nik 141 =+1
Futures -14 =-1
Market Sentiment -3

Thursday, August 30, 2007

Market Sentiment

Dow 247 =+4
Nas 63 =+2
S&P 31 =+2
Ftse 30 =+1
Nik -275 =-1
Futures 18 =+1
Market Sentiment 9

Wednesday, August 29, 2007

Market Sentiment

Dow -280 =-4
Nas -61 =-2
S&P -34 =-2
Ftse -118 =+1
Nik -14 =-1
Futures -126 =-1
Market Sentiment -11

Tuesday, August 28, 2007

Market Sentiment

Dow -57 =-4
Nas -15 =-1
S&P -13 =-1
Ftse 23 =+1
Nik 54 =+1
Futures -35 =-1
Market Sentiment -5

Monday, August 27, 2007

Market Sentiment

Dow 143 =+4
Nas 35 =+2
S&P 17 =+2
Ftse 23 =+1
Nik -67 =-1
Futures 97 =+1
Market Sentiment +9

Friday, August 24, 2007

Market Sentiment

Dow -1 =-2
Nas -11 =-1
S&P -2 =-1
Ftse 1 =+1
Nik 416 =+1
Futures 5 =+1
Market Sentiment = -1

Thursday, August 23, 2007

Market Sentiment

Dow 145 = 4
Nas 32 = 2
S&P 17 = 2
Ftse 110 = 1
Nik -1 = -1
Futures 65 = 1

Market Sentiment = +9

Wednesday, August 22, 2007

Market Sentiment

Dow -30 = -2
Nas 13 = 1
S&P 2 = 1
Ftse 7 = 1
Nik 169 = 1
Futures -29 = -1

Market Sentiment = +1

Tuesday, August 21, 2007

Market Sentiment

Dow 42 = 2
Nas 4 = 1
S&P -1 = -1
Ftse 15 = 1
Nik 459 = 1
Futures 3 = 1

Market Sentiment = +5

Monday, August 20, 2007

Market Sentiment

Dow 233 = 4
Nas 54 = 2
S&P 35 = 2
Ftse 205 = 1
Nik -875 = -1
Futures 190 = 1

Market Sentiment = +9

Friday, August 17, 2007

Market Sentiment

Dow -16 = -2
Nas -8 = -1
S&P -5 = -1
Ftse -250 = -1
Nik -327 = -1
Futures +10 = +1

Market Sentiment = -5

Thursday, August 16, 2007

Market Sentiment

Dow -167 = -4
Nas -40 = -2
S&P -20 = -2
Ftse -34 = -1
Nik -369 = -1
Futures -79 = -1

Market Sentiment = -11

Wednesday, August 15, 2007

Market Sentiment

Dow -208 = -4
Nas -43 = -2
S&P -26 = -2
Ftse -76 = -1
Nik +45 = +1
Futures -77 = -1

Market Sentiment = -9

Tuesday, August 14, 2007

Market Sentiment

Dow -3 = -2
Nas -3 = -1
S&P -1 = -1
Ftse +181 = +1
Nik +36 = +1
Futures +40 = +1

Market Sentiment = -1

Monday, August 13, 2007

Market Sentiment

Dow -31 = -2
Nas -12 = -1
S&P 1 = +1
Ftse -233 = -1
Nik -406 = -1
Futures -3 = -1

Market Sentiment = -5

Friday, August 10, 2007

Market Sentiment

Dow -387 = -4
Nas -56 = -2
S&P -44 = -2
Ftse -123 = -1
Nik 141 = +1
Futures -157 = -1

Market Sentiment = -9

Thursday, August 9, 2007

Market Sentiment

Dow 154 = +4
Nas 51 = +2
S&P 21 = +2
Ftse 85 = + 1
Nik 107 = + 1
Futures 60 = +1

Market Sentiment = 11 (this is the max positive sentiment)

Following are the codes on Market analyser for some indicies
All Ords .AORDN
ASX200 .AXJO
DOW .DJI
FTSE .FTSE
S&P 500 .GSPC
NASDAQ .IXIC
NIKKEI .N225

Wednesday, August 8, 2007

Market Sentiment

Dow 36 = +2
Nas 14 = +1
S&P 9 = +1
Ftse 102 = + 1
Nik 65 = + 1
Futures 35 = +1

Market Sentiment = 7

Tuesday, August 7, 2007

Market Sentiment

Dow 287 = +4
Nas 36 = +2
S&P 35 = +2
Ftse -35 = -1
Nik -65 = -1
Futures 102 = +1

Market Sentiment = 7

Monday, August 6, 2007

Market Sentiment

Dow -281 = -4
Nas -65 = -2
S&P -39 = -2
Ftse -76 = -1
Nik -4 = -1
ASX Futures -123 = -1

Market Sentiment = -11 (= Maximum -Sentiment)

Friday, August 3, 2007

Market Sentiment

Dow 100 = +4
Nas 23 = +1
S&P 6 = +1
Ftse 50 = +1
Nik 113 = +1
ASX Futures -3 = -1

Market Sentiment = 7

Thursday, August 2, 2007

Market Sentiment

Dow 150 = +4
Nas 8 = +2
S&P 11 = +2
Ftse 110 = -1
Nik -378 = -1
ASX Futures 107 = -1

Market Sentiment = + 5

Wednesday, August 1, 2007

Market Sentiment

Dow -146 = -4
Nas -37 = -2
S&P -19 = -2
Ftse 154 = +1
Nik -40 = -1
ASX Futures -33 = -1

Market Sentiment = -9

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