The price chart in the Toolbox Home Page
(updated: 2 January 2015)
details of the share price chart in the page header of the Share Market
Toolbox home page - a monthly
candlestick chart of the XJO
index (S&P/ASX 200). This is a static snapshot of the index, usually taken at the end of each week. You can click here to see the chart again in a new window. (Or see an alternative chart at www.marketindex.com.au/asx200.)
Observations from this chart:
- This monthly candlestick chart starts from the last big bull market
peak in October 2007,
and the vertical grid
lines were one month apart, but are now quarterly.
- The January 2015 monthly candle is now forming.
- Each candlestick on a monthly
candlestick chart summarises the price action for a whole calendar
month. Remember that every price chart tells a story (noting the height
of the candle body and the presence or absence of upper/lower
tails). See more
- The vertical value axis has horizontal grid lines
from 3000 to 7000 at intervals of 500.
About the 30-week Simple Moving Average (SMA) - the blue curve across the
- This chart is reminding us that our market peaked in
October/November 2007, and is still below that peak.
- Each month the chart is compressed a little more so we can
still see the last market peak.
- Our market has not yet made a new all-time high since October 2007 -
now more than 7 Years!!!!
- You can see the monthly candles were nudging the 5000
level from late 2009 to March 2010 and again a year later.
- Then in 2013 the index tried to break higher, and succeeded on the second attempt.
- Also both the XJO
indexes were hunting around either side of the
30-week Moving Average, before a major fall in May 2010 and recovery in
the following months; then basically traded sideways for a long time
(our money might have been better off in the bank!). Since late 2012
the index has been trending higher - but can it last?
Click here to see the chart again in a new window.
- Observing the 30-week SMA according to Stan
Weinstein's strategies (see an introduction here). (On a monthly chart, this SMA is approx a 7.5 month SMA).
- Until mid-January 2010, the index was tracking above the
suggestive of bullish conditions.
- In early May 2010 the index plunged
below the SMA and has been jumping either side of it ever since.
- See more details about this strategy for Toolbox Members here (left hand column - Article ST-6410).
For more details, also see the Weekly
Share Market Analysis in the Members' Area.
ps: Beware the sharks in the