Senior Private Wealth Adviser, PhillipCapital Limited (AFSL 246827)+61 (7) 3338 3838
Shane has passionately followed the markets since the age of 16, and has been an adviser in the financial markets since the year 2000 having worked for a range of firms, including one of the world’s largest investment banks as well as smaller boutique broking firms. Shane is also a past Vice President of the Australian Technical Analysts Association (ATAA) Brisbane, a position he held for 6 years.
Shane is currently a Senior Private Wealth Adviser at Phillip Capital and can assist you with all of your stock market needs - whether you are looking to buy or sell shares, set up a portfolio, grow your SMSF, protect your portfolio, or trade the market. He specialises in technical analysis, risk management, and options trading and focuses predominantly on the Aussie markets.
Shane also writes two key market related technical analysis reports (including a free weekly Market Commentary Report), designed to give traders and investors the best chance possible to get the results they are after from the markets. To find out more about these reports please visit. http://www.phillipcapital.com.au/shane-langham
Shane lives on the sunny Gold Coast with his wife and two dogs. He loves chatting about the market with other like-minded people, so don’t be afraid to pick up the phone or send him an email.
Posts by Shane Langham for Trading Insights:
3 major world markets that just went sideways. London’s FTSE, China’s Shanghai and Japan’s Nikkei 225. Maybe they will turn around this week or they could be indicating this is a potential false break?
Strong moves up and down yet we still really haven’t gone anywhere locally. We are still trapped inside the sideways trading range and it is looking like the US markets are joining us. A new all-time high on the Dow but not on the S&P 500 or the NASDAQ. This could be sector rotation from Tech stocks to your more old economy stocks like those you find in the Dow?
Read more about Stock Technical Analysis - US and Australian Stock Market Report
Friday was the end of the financial year here in Australia. We start the new week coming with a fresh start for a more promising year irrespective of how good or not so good it was. The XJO gained 488.1 points or 9.8% over last financial year but from a calendar basis we are up only 55.7 points or 1.0% and we are now half way through the year.
It was the Winter Solstice last Wednesday (21st) which is a seasonal change and we can see how this affects the markets more times than not. June is the weakest month of the year seasonally however this is followed by July which is one of the two strongest months of the year (December the other) possibly because of the start of the new financial year here in Australia?
It was a big week for just 4 days thanks to the Queen’s Birthday holiday in most states last Monday.
As mentioned last week that what if the leaders, the stocks that were doing all the heavy lifting tripped or stumbled? This is what occurred on Friday and you can see the technical damage in the daily charts of the FANG stocks I have included in the Appendix below.
Read more about Australian & US Market Report - 12 June 17
Milestones were reached in the week just gone. We had the 3 main US markets (S&P 500, DJIA & NASDAQ) making new all-time highs for the first time since 1st March. We have also had both Amazon (AMZN) and Alphabet better known as Google (GOOGL) racing each other to the BIG round number $1,000 per share level.
As mentioned last week the US markets have moved back up to retest their March 1st all-time highs and they have done this on fewer and fewer stocks. This last week shows what can happen when these fewer and fewer stocks break traction, the market can lose control.
No surprises from the French election as Macron wins by a very large margin just like what the polls were showing just before the election. Don’t think that it will be all sunshine and rainbows for Macron moving forward for himself or for France. This is where the hard work begins as there are still deep issues France and the rest of Europe need to deal with that will just not go away.
Just how much more does the CAC 40, which is the French stock market, along with the other European stock markets have in them if Macron wins? Will it be the typical buy the rumour and sell the fact, effect taking place?