Murray Dawes

Murray Dawes is the Editor of Alpha Wave Trader and contributing Editor at Money Morning. He was one of five, from 5,000 applicants, chosen for a graduate position with the Swiss Banking Corporation — now part of banking giant UBS. The bosses quickly cottoned on to his potential and pushed him up the ranks as a futures broker on the floors of the Sydney Futures Exchange. Murray later broke out on his own, and developed custom trading systems to trade leveraged financial instruments like futures. Due to his success, Murray became the ‘hired gun’ trader for Australia’s rich and famous. Today, Murray runs a trading service through Port Phillip Publishing to help everyday Aussie investors use his advanced trading methods.

A New Way of Analysing Stock Market Trends

Technical analysis is a risk management tool. You need a map of the territory that you are wading into. Without a map you will be tossed around by the volatility of the market. With a map you have solid mathematical points to make calculations of risk and reward.

Making Money in the Market by Using Mean Reversion to Become Free Carried

News over the weekend that the Chinese delegation left because they didn’t want to be seen to be interfering in American politics means that the trade deal is still on the cards, so prices leapt out of the gate in the overnight market (Monday morning Australian time) and the E-mini S&P 500 futures are up about 15 points at 3004 currently.

Attack of the Drones

With the startling news over the weekend of an attack on key oil infrastructure in Saudi Arabia, the week has started off with a bang. Whether it turns into a whimper or not remains to be seen.

Which Way Will the S&P 500 Break?

We have been following developments in the E-mini S&P 500 futures closely over the past few weeks, because the technical picture has been quite interesting now that a monthly sell pivot has been confirmed a few months ago.

Explosive Move Coming for the Market

The current situation is quite explosive because there are now plenty of dominoes lined up beneath the market. What I mean by that is that there will be stop-losses below recent lows that will feed into bigger stop-losses below the 200-day moving average.

S&P 500 Close to the Sell Zone

Prices collapsed as expected and the low in the E-mini S&P 500 was right in the buy zone of the most recent wave up. Exactly where I showed you prices would bounce from.

S&P 500 Ripe for a Correction

The double whammy of a disappointing US Fed commentary after the rate cut and Trump’s new tariffs has caused a weekly sell pivot in the S&P 500. So, until we see a weekly buy pivot the S&P 500 is in weekly downtrend according to my model of price action.

WTI Crude Looking Shaky

WTI Crude Oil is set up perfectly for more weakness ahead. It is not often you see a set up like this where the weekly and monthly charts have lined up around a very important long-term Point of Control. It takes a long time for the picture to unfold, but once the set-up is complete, the opportunity may not last long.

Uranium Not Dead Yet

Uranium prices have been under extreme pressure for many years, but are showing signs of creating a classic reversal pattern...
Money Morning Australia