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Australian Market Update

Record Number of New Australian Entry Signals for 2017 & Reporting Season Strategy 16 Feb 2017 11:17 AM

Welcome! 

1.   Reporting Season Strategy 

Only 1 week ago, in last week’s Blog we  wrote;

“The ‘Trump bump’ continues to light up the USA market but here in Australia our market has not followed suit convincingly….

Suggested factors which may be impacting this ‘wallowing’ in the Australian market included; “…February is often a time when our market goes on hold, prior to the start of the next Reporting Season by the Australian Companies”

With the Reporting Season now underway, the XJO rallied from its Low on Tuesday 7th February and closed up 1.3% last Friday.

This week, reporting has really kicked into gear, with more than 60 Australian companies delivering their results - and a record number of new Entry Signals in 2017 for Jim Berg’s Australian Signals Services  this week - see below.

In this week’s Edition 602 of our mentoring-style ‘Investing and Online Trading' stock market Report we wrote:

‘ Beware that:

i)     Stocks which have risen ahead of their results often retrace after their announcement unless the result is better than expected, hence the adage “ Buy on the rumour, sell the fact”. 

ii)    Those Companies which deliver poor results are often sold down hard – e.g. in August/September 2016 several shares gapped down 10-15%. 

iii)   On the other hand, those Companies which deliver very good results exceeding expectations are rewarded by sudden surges in price. 

None of these scenarios can be seen on a chart until after the announcement is made. This is why some traders deliberately exit the market at this time - or tighten their stops until after the dust settles.

Others may choose not to take new positions until AFTER the Company of interest has reported its latest results to the market.

One way of checking the dates is:

  1. Goto https://www.morningstar.com.au/Stocks/CorpCalendar

  2.  Highlight the tables for, e.g. February and March 2017, copy (Ctrl C) and Paste (Ctrl V) them into a new MS Word document
     

  3.  Click on ‘Find’ (top right of MS word) and type in the code of the Company of interest. ‘ 



     

2)   Record Number of New Australian Entry Signals for 2017 

In last week's market update we also wrote “  in a recent study Jim Berg conducted, he found that over 50% of the shares in the ASX200 were in a falling trend.”

In contrast, every night, on behalf of his Signals Services Members, Jim Berg uses his world famous JB Volatility Indicators and common sense ‘Weight-of-Evidence’ approach – which he has developed and tested over more than 30 years - to scan the entire Australian market and find ONLY those shares which:

1.   Are in a Rising Trend AND

2.  Also pass all of Jim’s other thoroughly tested Entry rules

For each stock/share which gives a confirmed Entry Signal, Jim Berg then provides his Signals Members with the:

1)    Stock Name and code

2)    Industry Group

3)    Whether it also passes his fundamental rules (e.g. for longer term investing)

4)    Dividend Yield

5)    Maximum suggested Entry Price

6)    Suggested Initial Stop Loss Price (in case an exit is later triggered at a loss)

7)    Suggested Money and Risk Management criteria

8)    Suggested Initial Profit Target and more

 

Jim and his team then track each Entry Signal every night, including:

1.    Adjust Stops and Profit Targets where applicable

2.    Monitor prices

3. Until an Exit Signal is triggered by Jim’s documented rules 

 

Until recently, the Australian market was languishing, with only a few confirmed Entry Signals a month. 

However, all this changed significantly this week.  

Between Sunday 12th February and last night, Wednesday 15thFebruary, Jim Berg has announced: 

  Jim Berg's Profitable Stock Trading Strategies @ShareTradingEducation.com16 New Entry Signals for Trading and 

   Jim Berg's Profitable Stock Trading Strategies @ShareTradingEducation.com6 new Entry Signals for Longer Term Investing 

 

This is a record number of new Australian Entry Signals in 4 days for Jim’s Signals Services for 2017 - and not seen since late June to early July 2016.

 

At that time, Jim’s Signals achieved a 90% success rate, with 9 out 10 notional trades showing a profit. 

Performance Caution: The past performance of STE products is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. STE’s service, like all other financial services, is subject to market forces and unpredictable events that may adversely affect its future performance

  

Your financial independence is at the heart of everything we teach, so if you have any queries, feel free to Contact Us.

May you trade with Jim Berg’s ‘Weight-of-Evidence’

 

The ShareTradingEducation.com team
 

P.S. For proven low cost, High Value stock & share trading & investing education, simply click on these links now:

1) To start your Ultimate $1 Trial of Jim Berg's Mentoring-style 'Investing & Online Trading stock market Report - to learn how to trade & invest in USA , Australian & other markets.

2) For Jim Berg’s Australian Trading Signals  and  Investing Signals Services 

 

 

 

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Jim Berg and John Atkinson are Authorised Representatives (AR Nos. 322724 and 1251439) and ShareTradingEducation™.com Pty Ltd (“STE”) is a Corporate Authorised Representative (CAR No. 322726) of Longhou Capital Markets Pty Ltd, Australian Financial Services Licence AFSL 292 464. Examples from the Australian and USA markets are provided to demonstrate that Jim Berg’s principles may be used globally. This educational material is from an Australian source and complies with Australian law and not necessarily any other (local) law. Direct investing in the stock market can result in financial loss. STE products have been prepared for the general information of investors and do not take into account the investment objectives, financial situation and particular needs of any particular person. Persons intending to act on information in STE's products should seek professional advice to confirm that the investments or strategies mentioned are appropriate in the light of their particular investment needs, objectives and financial circumstances prior to taking any action. Refer also to the full Customer Caution Notice in our Terms and Conditions.