Think Financial Markets - Excellence In Trading Financial Markets: May 2012

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.

Thursday, May 31, 2012

Market Sentiment

Dow                           - 160      =   -4
Nasdaq                                - 33      = - 2
S&;P 500                           -19      = - 1
Ftse                                     -93      = - 1
Nikkei                                 -85     =   -1
Futures                                - 43       =    -2
Market Sentiment    -11

Wednesday, May 30, 2012

Market Sentiment

Dow                              125      =   4
Nasdaq                                 33      =   2
S&;P 500                           14      =   1
Ftse                                     34      =    1
Nikkei                                 63     =   1
Futures                             4       =    2
Market Sentiment    11

Tuesday, May 29, 2012

Market Sentiment

Dow                              Closed      =   0
Nasdaq                               Closed      =   0
S&;P 500                           Closed      =    0
Ftse                                      4      =    1
Nikkei                                 12     =   1
Futures                                -15       =   -2
Market Sentiment     0

Monday, May 28, 2012

Market Sentiment

Dow                              -74      =      -4
Nasdaq                               -1      =      -1
S&;P 500                             -2       =     -1
Ftse                                      1      =    1
Nikkei                                 17      =   1
Futures                             -13       =      2
Market Sentiment     -2

Friday, May 25, 2012

Market Sentiment

Dow                           33      =       2
Nasdaq                           -10      =      -1
S&P 500                            1       =      1
Ftse                                  83      =    1
Nikkei                                6      =   1
Futures                             16       =       2
Market Sentiment     4

Thursday, May 24, 2012

Market Sentiment

Dow                           -6      =      -2
Nasdaq                             11      =       1
S&P 500                            2       =      1
Ftse                               -136      =    -1
Nikkei                               0      =   N/A
Futures                              9       =       2
Market Sentiment     1

Wednesday, May 23, 2012

Market Sentiment

Dow                           -1      =      -2
Nasdaq                          1      =       1
S&P 500                           8       =      1
Ftse                                98       =    1
Nikkei                              95      =   1
Futures                            -19       =    -2
Market Sentiment     0

Tuesday, May 22, 2012

Market Sentiment

Dow                           135      =       4
Nasdaq                          68      =       2
S&P 500                          20       =      1
Ftse                                -33       =    -1
Nikkei                              22      =      1
Futures                             24       =       2
Market Sentiment     9

Monday, May 21, 2012

Market Sentiment

Dow                           -73      =       -4
Nasdaq                          -34       =       -2
S&P 500                         -9       =        -1
Ftse                                -70       = -1
Nikkei                           -265      =      -1
Futures                             -8       =      -2
Market Sentiment     -11

Friday, May 18, 2012

Market Sentiment

Dow                           -156      =       -4
Nasdaq                          -60       =       -2
S&P 500                        -19       =     -2
Ftse                                -66       = -1
Nikkei                           N/A      =       0
Futures                           -76       =      -4
Market Sentiment     -13

Thursday, May 17, 2012

Market Sentiment

Dow                          -33      =       -2
Nasdaq                          -19       =       -1
S&P 500                        -5       =        -1
Ftse                              -32       = -1
Nikkei                           N/A      =       0
Futures                        -2       =      -2
Market Sentiment     -7

Wednesday, May 16, 2012

Market Sentiment

Dow                          -63      =       -4
Nasdaq                           -8       =       -1
S&P 500                        -7       =        -1
Ftse                              -27       = -1
Nikkei                           N/A      =       0
Futures                        -32       =      -2
Market Sentiment     -9

Tuesday, May 15, 2012

Market Sentiment

Dow                            -125       =       -4
Nasdaq                         -31       =        -2
S&P 500                       -15       =        -1
Ftse                           -110       = -1
Nikkei                           -71      =       -1
Futures                        -31       =         -2
Market Sentiment     -11

Monday, May 14, 2012

Market Sentiment

Dow                            -34       =       -2
Nasdaq                         1       =        1
S&P 500                       -4       =       -1
Ftse                           31       = 1
Nikkei                          -56      =       1
Futures                           14       =      2
Market Sentiment      2

Friday, May 11, 2012

Market Sentiment

Dow                            19       =         2
Nasdaq                       -1       =        -1
S&P 500                      3       =          1
Ftse                           13       =    1
Nikkei                         N/A      =      0
Futures                        -6       =         - 2
Market Sentiment       -1

Thursday, May 10, 2012

Market Sentiment

Dow                            -97       =       -4
Nasdaq                       -11       =        -1
S&P 500                      -9       =         -1
Ftse                           -24       = -1
Nikkei                         -43      =   -1
Futures                        -9       =         - 2
Market Sentiment       -10

Wednesday, May 9, 2012

Dow                            -76       =       -4
Nasdaq                       -11       =        -1
S&P 500                      -5       =         -1
Ftse                            -100       =    -1
Nikkei                         -77      =   -1
Futures                        -16       =       - 2
Market Sentiment       -10

Tuesday, May 8, 2012

Dow                            -29       =       -2
Nasdaq                           1       =        1
S&P 500                      1       =        1
Ftse                           Closed       =   0
Nikkei                            N/A       =    0
Futures                           33       =       2
Market Sentiment   2

Monday, May 7, 2012

Dow                            -168       =       -4
Nasdaq                        -67       =       -2
S&P 500                      -22       =       -2
Ftse                           -111       =       -1
Nikkei                            29       =         1
Futures                          -51       =       -4

Market Sentiment   -12

Friday, May 4, 2012

Market Sentiment

Dow                            -62       =       -4
Nasdaq                        -35       =       -2
S&P 500                      -10       =       -1
Ftse                           8       =       1
Nikkei                            29       =       1
Futures                          -12       =       2

Market Sentiment   -3

Wednesday, May 2, 2012

Market Sentiment

Dow                            65       =        4
Nasdaq                          4       =        1
S&P 500                        7       =       1
Ftse                              74       =   1
Nikkei                            0       =       1
Futures                         20       =       2

Market Sentiment   10

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