Introducing the FEC Sentiment Oscillator

Introducing the FEC Sentiment Oscillator

It was another strong week for the All Ords. Nothing came out of left field to upset the apple cart. Gold responded well to the decision by the Fed to keep interest rates on hold. It seems that no-one wants to cause any ructions while the northern hemisphere enjoys its summer holidays. A number of the mining stocks under chart coverage fell back to support lines but that isn't unreasonable and it hasn't changed the big picture view.
While talking about the big picture, we have published the FEC Sentiment Oscillator for the first time. See below for a description of what it means and how to use it.