More bad news from "Down Under"...

More bad news from “Down Under”…

Further to my post on December 11th (http://strawberryblondesmarketsummary.blogspot.com/2011/12/home-loans-and-trade-balance-lower-down.html), data released tonight shows a big drop in Consumer Sentiment in Australia, as shown on the graph below (provided courtesy of www.forexfactory.com). This latest release shows it tied with the low registered in July this year…both months are the lowest reading since the October 2008 low…not a good reading for consumer spending, which accounts for a majority of overall economic activity.

At the moment, the AUD/USD forex pair is trading lower and has fallen below the 1.00 parity level, as shown on the 4-hour chart below. The next support level is 0.99, followed by 0.97.

http://strawberryblondesmarketsummary.blogspot.com/

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Swing Trading the Stock Market

Welcome to Swing Trading the Stock Market Podcast!

I want you to become a better trader, and you know what? You absolutely can!

Commit these three rules to memory and to your trading:
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#2: Keep the Losses Small
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That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.

In today's episode, at episode 500, I am diving into the lessons learned from trading over the last 100 episodes, because as traders we are evolving and always attempting to improve our skillset. So here is to episode 500, and to another 500 episodes of learning and developing as swing traders in the stock market!

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.