Our Latest Fortnightly Newsletter is NOW AVAILABLE

Sorry folks, we didn't post a newsletter in the past fornight due to an unscheduled, late winter vacation, BUT WE ARE BACK.
To download the latest newsletter with plenty of charting and trading ideas, CLICK HERE

Stocks we chart include ASL, BKN, MCR and PAN.

Don't forget to visit us at www.stpt.com.au

Beware bad advice on stock fundamentals.....we use Fleetwood as an example.

Download our article on bad advice and we take the opportunity to remind investors that dividend yields reported in the newspaper are based on historic payouts....they should not be deemed to accurately reflect future payouts.

Down the article from here.

Fleetwood 12 month chart

Don't forget to visit us at www.stpt.com.au

ALSO, dont forget to check out our Trading Psychology Blog HERE

We have started a series of articles on trading psychology on this blog. These articles are based on material in our NEW BOOK, THE MENTAL TRADER: Winning the Mental Tug of War in the Market.

BOOK LAUNCH DISCOUNT SPECIAL

This book has been reviewed by Daryl Guppy and Alan Hull.

ABOUT THE BOOK, Daryl says:

"I think he (PAUL) has got some useful and interesting things to say. Thisisnew material and a good guide for new and existing traders."

ABOUT THE BOOK, Alan says:

"Hi Paul, just finished reading your book and I believe it to be a well written book with some very worthwhile insights - its engaging, anecdotal and reflects the fact that you are obviously well read yourself and an experienced trader/investor. I would recommend it to my students but I would place the caveat on it that it requires a degree of prerequisite knowledge and market experience."

Thanks Daryl and Alan.

Select Harvest - SHV. Listed on the ASX. Article Title: What is the price of almonds?

We have uploaded a new article entitled What is the price of almonds? It looks at the stock SHV and some issues surrounding watching the fundamentals versus the stock price to work out whether the stock is a buy, hold or sell.

Please download the free article in PDF located HERE

Australian Charts of Interest

BHP is a powerhouse stock on the Australian Stock Exchange. It is the 2nd largest stock by capitalisation and it is a real market mover and shaker. Usually the market follows BHP's direction. So when it is bullish, our broader market typically follows.

Between April and July this year, BHP made a double bottom pattern. Underlying sentiment was weak and while we noted this double bottom pattern in our newsletter at the time, we chose not to buy into the stock. At the same time, Nick Radge and Steven Hogan noted the BHP double bottom but their disinterest in buying the stock (both made comments on the TV program Your Money, Your Call).

Yesterday BHP broke through $35 and closed at $35.17. Today it has gone on with the job. Coincidently, the underlying sentiment indicator that we prefer to use (55 day stochastic - refer to our book, Simple Tactics, Profitable Trading for our non traditional application of this indicator), also turned bullish.

We show the BHP chart below with a potential upside target marked on the chart.

Don't forget to visit us at www.stpt.com.au where we have links to FREE articles, our FREE newsletter archive and our two Ebooks for sale.