Senior Equity Derivatives Trader

Simon Harris

Event-Driven

<ul>
<li>Australia's economy is robust and will benefit from long term Asian Growth</li>
<li>Short-Term risks are increasing and ASX200 will not be immune</li>
<li>Hedge longs using short term options to avoid any short-term turbulence</li>
</ul>


Australia's economy is robust and will benefit from long term Asian Growth
Short-Term risks are increasing and ASX200 will not be immune
Hedge longs using short term options to avoid any short-term turbulence


EQD | ASX200(AS51 Index): Fundamentals Strong but Hedge Long with Options Whilst Asian Risks Persist

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> is currently up 3 weeks and OVERBOUGHT, a correction is expected very soon, probably this week. </li>
<li>The pullback is an opportunity to add LONG positions, the area to enter LONG is 7400-7300. </li>
<li>If the rally continues after the pullback, it can continue into the end of January.</li>
</ul>


The S&amp;P/ASX 200 INDEX is currently up 3 weeks and OVERBOUGHT, a correction is expected very soon, probably this week. 
The pullback is an opportunity to add LONG positions, the area to enter LONG is 7400-7300. 
If the rally continues after the pullback, it can continue into the end of January.


EQD | S&P/ASX200 Pullback This Week: Where to Re-Enter LONG?

<ul>
<li>3 main APAC markets (Nifty, Kospi 200 and ASX200) are very OVERBOUGHT.</li>
<li>A WEEKLY pullback (1 week down) is expected this coming week, or the next.</li>
<li>The pullback should be short-lived and last just 1 week, then the rally should resume.</li>
</ul>


3 main APAC markets (Nifty, Kospi 200 and ASX200) are very OVERBOUGHT.
A WEEKLY pullback (1 week down) is expected this coming week, or the next.
The pullback should be short-lived and last just 1 week, then the rally should resume.


EQD | ULTRAOVERBOUGHT APAC Markets, SHORT Targets

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> closed up last week (CC=+1), currently uptrending, but the rally is weak, there is a chance that it could fall already this week and close down. </li>
<li>The index has reached Q2 resistance, that's the area where the index starts to be OVERBOUGHT, based on the current pattern. </li>
<li>We see a potential pullback between -1% and -2% from current levels, across 1-2 weeks, this would bring the index down to the 6990-6920 support area. </li>
</ul>


The S&amp;P/ASX 200 INDEX closed up last week (CC=+1), currently uptrending, but the rally is weak, there is a chance that it could fall already this week and close down. 
The index has reached Q2 resistance, that's the area where the index starts to be OVERBOUGHT, based on the current pattern. 
We see a potential pullback between -1% and -2% from current levels, across 1-2 weeks, this would bring the index down to the 6990-6920 support area. 


EQD | Modest ASX200 Rally Raises Questions About Direction

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> last week closed down (CC=-1, breached the Q2 support at 6918, entering OVERSOLD territory). </li>
<li>The index has been directionless since early August 2021, it is going down but it's OVERSOLD MONTHLY (3 months down), so it could bounce in November.</li>
<li>The current MRM pattern is quite bullish from a CC perspective: here we analyze WEEKLY supports to see how far down the index can go, it could bounce soon.</li>
</ul>


The S&amp;P/ASX 200 INDEX last week closed down (CC=-1, breached the Q2 support at 6918, entering OVERSOLD territory). 
The index has been directionless since early August 2021, it is going down but it's OVERSOLD MONTHLY (3 months down), so it could bounce in November.
The current MRM pattern is quite bullish from a CC perspective: here we analyze WEEKLY supports to see how far down the index can go, it could bounce soon.


EQD | S&P/ASX200 Directionless or Downtrending?

Australia

The S&P/ASX 200 measures the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalization. Representative liquid and tradable, it is widely considered Australia's preeminent benchmark index. The index is float-adjusted. The index was launched in April 2000.

S&P/ASX 200 (AS51 INDEX)

EQD | ASX200(AS51 Index): Fundamentals Strong but Hedge Long with Options Whilst Asian Risks Persist

A look at the ASX200 and the potential risks around its Asian driving force. Use of index options to protect a portion of the downside.

Simon Harris

EQD | S&P/ASX200 Pullback This Week: Where to Re-Enter LONG?

The ASX 200 INDEX is overbought and a correction is expected soon, presenting a chance to add LONG positions in the 7400-7300 range. After the...

Nico Rosti

EQD | ULTRAOVERBOUGHT APAC Markets, SHORT Targets

APAC markets (Nifty, Kospi 200, ASX200) are overbought, we are expecting a short-lived WEEKLY pullback before the Christmas Rally can continue.

Nico Rosti

EQD | Modest ASX200 Rally Raises Questions About Direction

The ASX 200 INDEX is currently uptrending but it's a weak rally, and hit already Q2 resistance. It may fall this week, potentially leading to a 1...

Nico Rosti

EQD | S&P/ASX200 Directionless or Downtrending?

The SP/ASX 200 INDEX closed down last week, into WEEKLY OVERSOLD territory. It may touch the lower range support, but it's also MONTHLY OVERSOLD...

Nico Rosti

EQD | ASX200(AS51 Index): Fundamentals Strong but Hedge Long with Options Whilst Asian Risks Persist

A look at the ASX200 and the potential risks around its Asian driving force. Use of index options to protect a portion of the downside.

Simon Harris

EQD | S&P/ASX200 Pullback This Week: Where to Re-Enter LONG?

​The ASX 200 INDEX is overbought and a correction is expected soon, presenting a chance to add LONG positions in the 7400-7300 range. After the...

Nico Rosti

EQD | ULTRAOVERBOUGHT APAC Markets, SHORT Targets

​APAC markets (Nifty, Kospi 200, ASX200) are overbought, we are expecting a short-lived WEEKLY pullback before the Christmas Rally can continue.

Nico Rosti

EQD | Modest ASX200 Rally Raises Questions About Direction

​The ASX 200 INDEX is currently uptrending but it's a weak rally, and hit already Q2 resistance. It may fall this week, potentially leading to a 1...

Nico Rosti

EQD | S&P/ASX200 Directionless or Downtrending?

​The SP/ASX 200 INDEX closed down last week, into WEEKLY OVERSOLD territory. It may touch the lower range support, but it's also MONTHLY OVERSOLD...

Nico Rosti

The ASX 200 INDEX is overbought and a correction is expected soon, presenting a chance to add LONG positions in the 7400-7300 range. After the...

APAC markets (Nifty, Kospi 200, ASX200) are overbought, we are expecting a short-lived WEEKLY pullback before the Christmas Rally can continue.

The ASX 200 INDEX is currently uptrending but it's a weak rally, and hit already Q2 resistance. It may fall this week, potentially leading to a 1...

The SP/ASX 200 INDEX closed down last week, into WEEKLY OVERSOLD territory. It may touch the lower range support, but it's also MONTHLY OVERSOLD...