lauren  jones
In 2006, Lauren Jones decided to turn her interest in the stock market into a career in trading. She completed her studies with the Safety in the Market Platinum Program and is now an experienced and successful trader. Lauren is a greatly admired seminar trainer and a regular contributor to the Safety in the Market publications, specialising in the Australian market in general and the banking sector in particular.
lauren's Posts
Posted on May 11, 2012 Last Updated May 11, 2012 Posted by Lauren
Lauren Jones Westpac Meets New Resistance

Over the past few months we have been enjoying a surge in price for Australia’s Westpac Bank (ASX:WBC) from lows of around $20 in February to $23 in May. Trading one and two day ABC setups would have brought in some nice profits. As WBC pushed through 50% of the 2011 bear range, it shot up to where it sits at the time of writing – progress halted by 50% of the bigger range from April 2010 to August 2011.

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Posted on Apr 27, 2012 Last Updated Apr 27, 2012 Posted by Lauren
Lauren Jones CBA – Like a Cow Knows its Calf

What a funny expression this is. David Bowden uses the cow/calf analogy to teach us about specialising in a few particular markets. Recently I took some time out from trading my favourite stock (ASX:CBA) in favour of stalking some great setups on the US market. But I never took my eyes off the Commonwealth Bank because I knew the time would come when I would want to trade it again and I didn’t want to miss it.

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Posted on Apr 20, 2012 Last Updated Apr 20, 2012 Posted by Lauren
Lauren Jones Banks to Rise or Fall?

The Australian ASX 200 index is made up primarily of resource and banking stocks. So far this year the resource stocks have shown weakness whereas the banks have held their own, resulting in an overall uncertainty in the direction of the index. The banks have won the battle insofar as we have seen rising bottoms (as shown in Chart 1), but this has been coupled with contracting ranges and no higher tops have been reached since October last year. This is just a daily chart but if you take a look at the monthly view, it is even more obvious.

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Posted on Apr 04, 2012 Last Updated Apr 04, 2012 Posted by Lauren
Lauren Jones A Break-out from the Banks?

At the end of March, we finally saw Westpac Bank (ASX:WBC) breakout to the upside from its contracting monthly ranges. Does this mean there are some potential long trades in store? Or should we be watching for a reaction to the downside before a clear trend emerges? The breakout on the monthly chart is illustrated in Chart 1:

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Posted on Mar 22, 2012 Last Updated Mar 22, 2012 Posted by Lauren
Lauren Jones Wells Fargo is a-comin’ to town!

Globally, the financial sectors in general (and the banking sectors in particular) are operating at levels far below the highs we saw in 2007 before the GFC. Yet recent months have seen some strong moves in the US Banks. A quick look at the indexes in Chart 1 shows the stagnation in the Australian market compared with three strong months of upward moves in the US.

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