Has Accumulation Started in Resources?

After a solid fall, then rapid rally last week, the question is whether a reversal is upon the ASX for Resources? Additionally, Last Friday’s video shows that Resources light up the Launch Pad - which is often a precursor to a solid rally in a theme.
History shows Resources can bounce back multiple times in inflationary environments. In the current market investors are asking will indexes Falling markets into the Fed decision - could that bode well after the announcement? How does this play out in Election Years? What are the implications on Resources and Energy? Why have commodities been so volatile in previous inflationary periods? Does history really show Can Resources
Constantly looking for the sectors showing relative strength, Gary reviews the top Property and Healthcare charts on the ASX. Also looking for strong volume and a strong bounce combination for the market to indicate a higher move. Gary Glover explores this week’s best positioned growth shares and sectors that can turn quickly.
Chapters:
1:10 NASDAQ
2:50 S&P500
4:35 ASX200 XJO
6:30 Big Cap Miners Sector Lighting it Up
8:40 PLS Pilbara Minerals + ABC Correction
10:50 Mineral Resources MIN ASX
14:00 IGO
15:30 Understanding Low Cost Producer's benefits when commodities prices pull back
19:30 BHP and Importance of old highs
21:35 FMG ASX - Accumulation at the Lows?
23:45 Santos STO ASX
26:05 Woodside WDS and an ABC Retracement
27:20 A lot of miners hitting Key Levels on Lows at the Same time - Creating Opportunities?
28:50 History shows Energy can see big moves in inflationary environments
30:30 IFL - 0123 Bottom and why a large sell off here isn't necessarily bad
33:40 CXL Calix Descending edge
36:00 Inflation History Lessons
Gary Glover of Novus Capital reviews the charts, cycles, duration and magnitude of the rallies to shape trading behaviour in this current cycle. Also timing when to buy these stocks and where to sell where Gary Glover applies his knowledge. This week Glover is looking at the stocks with strong base formations and potential for large rewards and tight risk trading setups.
Companies discussed are:
BHP Group Limited, IGO Limited, Fortescue Ltd, Mineral Resources, Pilbara Min Ltd, Calix Limited, Insignia Financial, Woodside Energy, Santos Ltd, BHP asx, IGO asx, FMG asx, MIN asx, PLS asx, CXL asx, IFL asx, WDS asx, STO asx.
Glover explores new trading shares and their charts to review the current market position, indicators and momentum for the the trades he's placing this week. While looking at the trading shares to monitor in this phase of the market and understanding the technical aspects of the US and AU indices. Glover looks at the leading market indices and shares for trading this week.
Gary Glover is an experienced market professional with two decades of swing trading and technical analysis advisory services. Glover is well known for his insights on the ASX 200, S&P500, NASDAQ and Dow Jones insights using Wyckoff Theory, Mark Minervini trading strategies and Volatility Contraction Patterns to help clients decide what the best stocks to buy now are. Some of his favourite trading strategies are false breaks and springs from the Wyckoff Trading method of swing trading strategies.
Finer Market Points Podcast: Finer Market Points' ASX Podcast
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Christopher Hall (@chall_au) on X
Gary Glover Twitter:
Gary Glover (@glovergary) on X
General Advice Warning:
The advice in this newsletter is of a general nature only and has been prepared without taking into account any of the objectives, financial situation or needs of any person. Before making an investment decision on the basis of any advice in this document, you need to consider, with or without the assistance of a financial adviser, whether the advice is appropriate in light of your particular objectives, financial situation, and needs. Presenters may have commercial interests in the investments discussed.
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[@waynestevens6347]

Thank you, love your work. I have a query as too the ASX ticker symbol IGO. Who are they or what is their full name? Just can't seem to find anywhere

[@finermarketpoints]

Ah, that can be confusing at times. IGO Limited is the company IGO.ASX, or IGO.AX

[@tomryan7518]

Thanks for another great video

[@Gazm0]

great stuff guys

[@finermarketpoints]

appreciated, thank you!

[@tomryan7518]

What happened to trading in the top half of the chart?

[@finermarketpoints]

Ha!
I was wondering that too.
Gary's The BlueChip Investor Report has been around for a while. A lot are portfolio clients who want to buy value. However, the index overlay is super useful for timing. Additionally, the insights into the probing of lows on the large cap materials companies can serve as an insight into when tailwinds can ramp up for smaller cap miners that are performing well. When an individual thematic is working for small cap miners, but large caps are on the nose, the ability for smaller caps to hit profit target in hindered. When the large caps come to the party, then the going gets good on those leading thematics.
Having that understanding of how the larger end of town is presenting opportunities (or not) can provide context to momentum trading. We'll cover this in more detail soon, as we're working on a way to share the Momentum Profile and Momentum Depth with Members.