G’day Traders, While I am over here in the US I have noticed a big pick up in confidence compared to three months ago. There are more people out shopping and they seem happier. Talking to others at the conference, they have also seen this positivity in places around the US. This of course eventually [...]

G’day Traders, If you would like to listen to an audio recording of this Daily Update, please click here. Yesterday I was supposed to have a day off, but with a house full of opinions on how to care for a six day old it was kind of stressful. So far we have been lucky [...]

G’day Traders, The major indices continued to move south, Crude Oil closed lower and Gold put on a positive 30+ points. The Forex EUR and JPY pairs continue to move nicely. We saw the Aussie close at 0.9589. The US S&P500 -0.61%, Brazil -0.30%, EU -0.71%, UK -0.41%, with Nikkei -1.87%, China -0.68% and ASX [...]

G’day Traders, I can’t tell you enough how important preparation is when you have had a break from trading. For example, when you go back to work after a holiday it takes you a while to “get back into the groove”. However, with trading, you cannot afford this! Be smart – take the next couple [...]

G’day Traders, Yesterday I had the guy who originally taught me to trade visiting from Sydney. His market views are quite similar to mine. The risks to equities are definitely down, although nothing may happen for a few months and therefore, now is a good time for options trading. He also agrees Australians hold too [...]

G’day Traders, The reaction of the market to news is more important than the news itself. So whilst I believe US consumer confidence is one of the best long term stock market indicators, it seems the market discounted it with the US remaining pretty flat. On top of the bad consumer confidence numbers, US housing [...]

G’day Traders, What a nice morning it is on the Gold Coast. I have had a great weekend with my brother’s family, including an 8 month old, staying with us. He has been very entertaining without keeping us up at night – amazing! This week is important for the markets. There is plenty of economic [...]

G’day Traders, It’s not the most magical morning on the Gold Coast today. It seems cold and windy outside – the perfect day to sit by the fire. But the markets produced what is expected after a US holiday – they came back refreshed and with their collective minds wiped of all the negative news. [...]

G’day Traders, I had a really great day working on my new book and spending time with my wife’s family. It is sunny here, but I hear it is the shortest day of the year in the Southern Hemisphere. I also got to watch the soccer and although the competition has been terrible at least [...]

G’day Traders, This morning I was feeling a bit slack – just like the markets I guess. With the positive spin everyone was putting on the re-floating of the Chinese currency yesterday, to see it start strongly, then fall and finish lower shows me the market is running out of energy. When positive news can’t [...]