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Date: 7/21/2026
Subject: New ATAA News: Blast! Monthly Newsletter - JULY 2026
From: ATAA Blast editor




ATAA Blast! Newsletter #192 – July 2026


Dear ~~first_name~~

Here's the latest edition of the ATAA Blast! Newsletter, with the very latest new ATAA news. We do hope you find the content useful, and interesting. Feel free to send us feedback because we are always looking for ways to improve things.

In this Blast! edition you can see the following, with links for an easy and speedy go-to to the relevant section below:

  • ATAA National President's Update for this month, and an Executive Summary from the recent board meeting, to help keep members informed of what the board has been talking about.
  • The latest ATAA Website Resource Library updates for the last two months, including uploaded speaker presentation slide decks, and video recording of the presentation.
  • Update from the national board - on a couple of topics.
  • Trading Expert Series update (formerly known as the National Speaker Series) of online presentations - we've already had four over the last year, and recordings are up in the ATAA Resource Library. The last one was held in early April, and the series is on hold for a couple of months, until after the ATAA Online Conference. See more details below.
  • ATAA Conference - The upcoming ATAA 2026 online conference is now very close - in early August - and registrations are now open!
  • Updates from the ATAA Chapters and SIGs: Included below are updates for some Chapters and SIGs. Information below also includes the RealTest Coders Online Workshop, and some chapters.
  • IFTA 2026 Conference (London) and IFTA information update: The IFTA 2026 conference will be in London in October (see details below). In case you missed it recently last, the latest information from IFTA including details about the IFTA Journal that is available to download - a monster edition jam packed with a lot of useful information. 
  • TECHNICAL ANALYSIS article - A brief discussion this month asking you if you know what you are trading / investing in, and also a discussion about the statement: "The 'top 200' index is NOT the top 200 stocks".
  • And another thing - About ATAA emails and to beware the spam emails.
  • Detailed benefits for ATAA members. Just in case you are missing something with your membership.
I do hope you find this Blast! newsletter useful and interesting reading; but do feel free to tell us what you really think, and how we can improve it.

Robert B Brain
Blast! Newsletter Editor
ATAA Marketing Director
(and ATAA Life Member)


Our Tag Line:
The ATAA is the knowledge network
for successful financial market
trading and investing

From the President's Desk – July 2026

Our attention is now turning to one of the highlights of the ATAA calendar – our Online Conference on the 22nd of August. Under the theme "The Trading Edge: Where Mindset, Strategy and Analysis Converge", we have assembled an excellent lineup of presenters covering a wide range of topics relevant to both traders and investors. The speaker program has now been finalised, registrations are open, and I encourage all members to visit the ATAA website to view the program and secure their place.

The Board continues to work on initiatives that will strengthen the Association and help introduce the ATAA to a wider audience. Our Reddit membership campaign, which commenced in May, is already providing valuable insights into how prospective members discover and engage with the Association. At the same time, we are exploring new ways of making better use of the extensive educational content that the ATAA has developed over many years.

Some members will have noticed the intermittent disruption to parts of our website during the past month. While this resulted from a broader cyberattack affecting our hosting platform, rather than the ATAA itself, it prompted the Board to review additional measures to further strengthen the resilience of our online services.

Looking a little further ahead, our Annual General Meeting will be held on Wednesday the 18th of November 2026. Nominations for Board positions will open in the coming months, and I encourage members who would like to play a greater role in shaping the future of the Association to consider standing for election. Fresh ideas and new volunteers are always welcome.

I look forward to keeping you updated as the year progresses and hope many of you will join us for the Online Conference in August.

Jim Haralambidis
ATAA National President

Executive Summary – ATAA Board Meeting (July 2026)
 
The ATAA Board met online on Tuesday 7th July to review current projects and consider a range of strategic and operational matters, including.
  • The Board reviewed recent membership and marketing activities, noting that membership levels have remained relatively steady in recent months. Work continues on improving the effectiveness of the Association's digital marketing initiatives, with enhanced tracking now being implemented to better understand how prospective members engage with the ATAA through various online channels.
  • Planning for the ATAA Online Conference on 22 August is progressing well. The conference program has now been finalised, conference web pages have been updated, and promotional activities are being expanded in the lead-up to registrations.
  • The Board also discussed new opportunities to increase awareness of the ATAA and make better use of the Association's educational resources. This included consideration of a content marketing strategy using the Substack publishing platform, together with ongoing work to expand website resources for members, including information on technical analysis education providers and trading software.
  • The Board reviewed a number of governance and operational matters including: website resilience, business continuity, and preparations for the 2026 Annual General Meeting. Work also continues on strengthening the Association's internal systems and reducing reliance on individual volunteers for key operational functions.
  • The next Board meeting will be held on Tuesday 4th August.

ATAA 2026 AGM - Wednesday 18 November 2026, online. The 3-year term for some directors will be up, requiring them to retire or re-nominate. Even so, there are some vacancies on the national board. If you have some ideas, or would like to help steer the ATAA for the next year or two, then look out for the Director Nomination forms which will be due to be submitted about a month before the AGM. Stay tuned for more details.

Robert B Brain (ATAA director)

Finance Industry Snippet - Many investors and traders in Australia think that all shares/equities/securities are traded on the ASX platform. However, Chi-X entered the Australian market some years ago (October 2011), and was then taken over by Cboe (in June 2021), which now has about 20 per cent of the daily dollar turnover. It was recently announced that Australian operations of Cboe are to be sold to the TMX Group.
 
Ref: Cboe News
 
Robert B Brain (ATAA director)

The ATAA Meetings - Chapters and SIGs - For anybody visiting our ATAA website and looking for information about our regular in-person and online meetings, we now have a dedicated web page. It is brand new, and we are hopeful that the information is current. But if it isn't, please let us know and we will update it.
 
You can see the new web page from the ATAA website main menu: Meetings > Chapter & SIG info. A screenshot of a portion of the web page is shown below.
 
Robert B Brain (ATAA Marketing and Member Services director)
ATAA meetings
Advertise your Chapter/SIG session on Eventbrite
 
It might be useful for you to know that for the Melbourne chapter meetings we use Eventbrite to get our event information out into the public arena. I use some standard text and setup, and each month I just change the event date details. All you need to do is set up an Eventbrite account - it's free - and then set up a simple event. Here is the latest Melbourne one from which you can do a copy and paste of the text and details for your own event: https://ataa-melb-2026-august.eventbrite.com.au
 
The image shown below is a screenshot of the results when doing a search on the Evenbrite web page for the terms: finance and "technical analysis", in the location of Melbourne.
 
Oh, and here's a tip: If setting up an event in Eventbrite, make sure to specify a few "tags", so that anyone searching for an event will have a better chance of finding your event. The tags that I use for the Melbourne ATAA event are: investing, trading, ataa, stock_market, technical_analysis, share_market, finance, how-to-make-money.  Note here that if your tag is more than one word, then simply use the underline character _ to connect the individual words together into the one tag.
 
Also, be careful because the Eventbrite process now encourages you to participate in a marketing campaign, which will cost money. Much the same as any other social media marketing exercise. The ATAA board does have a national marketing budget, but nothing is approved to be spent at a chapter level - but feel free to enquire about it.
 
If you have trouble with Eventbrite, get in touch with me and I will try to help.
 
Robert B Brain (ATAA Marketing and Member Services director)

ATAA Website Resource Library Updates - recordings June-July 2026
 
HUGE and FANTASTIC RESOURCE for members – Our ATAA Resource Library now has many presentations and recordings going back to 2008, as well as hundreds of technical journal articles in the ATAA Journals. You can drill down on these using the website menu: Resources > Presentations by Date.
 
An alternative way to find something specific on a particular topic is to search the library using the menu option: Resources > Search Resource Library.
 
The materials recently added to the Resource Library include chapter presentations and the latest Trading Expert Series speaker:
  • Thursday 13 July - RealTest Special Interest Group (SIG) meeting
    • Alan Clement and Adrian Reid - "Trading Crypto Systematically in RealTest"
  • Thursday 9 July - Melbourne Chapter (hybrid) meeting
    • Bisher Khudeira - "Understanding the Bitcoin Cycle".
    • Thomas Stone - "Strategy Development from Analysis to Automation"
  • Wednesday 17 June - Adelaide Chapter meeting
    • Chris Meakin - "Alternate Regime Filters and How to Assess the Profitability and Robustness of a Trading Strategy"
  • Thursday11 June - Melbourne Chapter (hybrid) meeting
    • Keith Mundy - "A Voice Speaks to Us from the Past"
    • Zach Radge - "AI Realism in Trading"
  • Tuesday 26 May - STANZ Online meeting
    • Matheus Vargas - "The Game was Never Fair - and AI Just Made it Worse"
  • Monday 25 May - Quant Trader SIG
    • Nick Radge - "Using AI for Forensic Analysis and Portfolio Allocation Optimisation"
  • April Trading Expert Series:
    • Sat 11 April: Marsten Parker (RealTest) - "Systematic Strategy Development in the Age of AI".
All of these items can be found from the ATAA website menu: Resources > Presentations by Date. Make sure to browse the earlier recordings in the Resource Library, because you never know what you've been missing. And you can also search the Resource Library by keyword. If your local chapter or SIG has a video recording, or a (PowerPoint) slide deck of a recent session, then it can also be added to our library collection. 


ATAA National Board updates

ATAA Value Proposition: In case you missed this last month, one of the topics that you might have heard about from time to time is that of the Value Proposition for an organisation. This has come up in recent discussions in our own Marketing Working Group, and after doing some research, and having a lot of discussion, the recent ATAA Board meeting agreed on an interim Value Proposition statement. It is now posted into the ATAA website home page, in the block "Welcome to the Australian Technical Analysts Association".
 
But why have a Value Proposition statement? - There are several reasons why, as follows:
  1. Recruitment and Retention –  It provides a clear, compelling reason for prospects to join the ATAA, and it reminds existing members of why their member fees are worthwhile.
  2. Operational Compass – It guides internal decision-making, ensuring that new programs and services align with what members actually value.
  3. Cuts Through "Noise" – In a crowded market with many alternative sources for news and networking (eg. LinkedIn, YouTube), it highlights what only the ATAA can uniquely provide, such as trusted professional standards and the availability of accredited certification.
  4. Focuses on Member Needs – It shifts the perspective from internal goals (what the association does) to member outcomes (what members want and achieve).
  5. Ensures Consistent Messaging – It aligns board members, staff and volunteers around a single, clear message, building credibility and trust across all communication channels.
  6. ROI Clarity – It helps members see a tangible "Return on Investment" for their time and fees.
  7. Differentiates from Competitors – It identifies a "sweet spot" where the association’s unique strengths meet the unmet needs of its specific community.
Robert Brain (ATAA Marketing Director)
ATAA huge resource - searching the website: Many of our members are aware that the ATAA website contains a huge amount of great resources on the subject of technical analysis and the markets. But sometimes it can be difficult to find exactly what you're looking for. George Gross (our Admin Sec) has added a new feature to the website to facilitate your searching of the website. It is a Google-powered AI search. You can find it from the menu option: Resources > Google-AI Website Search. Try it now. Go to that web page, and type it a keyword or two. And remember that when you do a search, you can force the search engine to look for your two or more words (a phrase) by enclosing the words in "apostrophes". The screen shot below indicates what the search tool looks like. (Thank you George). Oh, there is just one catch - you need to be logged into the website as an ATAA member before this menu option will be available to you.

Robert Brain (ATAA Marketing and Member Services Director)
ATAA website search using Google-AI

ATAA Trading Expert Series – Markets, Models and Mindsets

ATAA's Trading Expert Series presented Marsten Parker in April
 
"Systematic Strategy Development in the Age of AI"
 
Our most recent event in the “Trading Expert Series” was held on 11th April with Marsten Parker of RealTest, exploring the use of agentic AI to supercharge trading strategy development productivity. The live event was very well attended by both members and non-members, and the recording of the session on YouTube has received over 1.4K views – our best performing recording in this series to date. Following this event, the NSWG will make way for the ATAA Online Conference in August. We then plan to run another Trading Expert even in November.
 
About the Speaker – Marsten Parker has traded his own account for a living since 1998, following a 14-year career as a software engineer. He initially trained as a concert violinist before switching to computer programming, founding and selling a software company before turning to trading full-time. Parker is the only purely systematic trader featured in Jack Schwager's Unknown Market Wizards — the fifth book in the iconic Market Wizards series — where his long-term track record is documented in detail. A defining characteristic of Marsten's approach is what he calls his "Spirit of Experimentation" — a persistent willingness to question, iterate, and improve. RealTest has evolved alongside his trading practice over more than two decades as his primary strategy research tool, and today serves a growing community of systematic traders worldwide as a purpose-built backtesting and portfolio simulation platform.
 
See the session recording in the public section of the ATAA website.

ATAA Conference Working Group Update

ATAA 2026 National Online Conference
 
The Trading Edge: Where Mindset, Strategy & Analysis Converge
 
Saturday 22nd August 2026 | 10:10am to 6:00pm AEST
 
This year’s conference theme, "The Trading Edge: Where Mindset, Strategy & Analysis Converge", explores why you need more than just a chart to succeed. It offers a practical look at how balancing a clear mindset with robust strategies and careful analysis helps you navigate the markets with greater confidence. Mastering these three pillars is a powerful way to improve your performance and maintain a lasting edge.
 
The ATAA conference committee has organised for five expert speakers to share how they apply these principles to their own trading. Their presentations will delve into everything from market strategy and technical analysis to the psychological tools required for consistency. It is a fantastic opportunity to learn from their experience and gain actionable insights to enhance your own trading routine.
 
Registration is open now.
ATAA Members: $99 | Non-members: $199
Registration includes up to 3 months of complimentary ATAA membership for non-members.
 
 
Meet our Speakers:
Tom Basso 
Retired hedge fund manager and
"Mr Serenity".
 
Tom Basso
David Bush 
Quantitative trader and Sharpe Ratio champion.
 
David Bush
Mandi Rafsendjani
Trading psychology and mindset expert.
 
Mandi Rafsendjani
Keith Glennan
Algorithmic developer and
system researcher.
 
Keith Glennan
Colin Simpson
Mentor in Shares and
FX market systems.
 
Colin Simpson
Conference Registration is open now.
ATAA Members: $99 | Non-members: $199
Registration includes up to 3 months of complimentary ATAA membership for non-members.

Looking forward to seeing you on the 22nd of August!
Alan Clement
ATAA Director

Why join the ATAA? (our value proposition)
The ATAA is Australia’s leading independent community
for people who want to learn how to
trade and invest using market analysis.
Whether you’re just starting out or building confidence,
the ATAA gives you clear education, real-world insights,
and a supportive community,
helping you understand the markets, avoid common mistakes,
and make better trading decisions.

CHAPTER and Special Interest Group (SIG) news and updates

ATAA Chapters, SIGs and Network groups
 
For the benefit of ATAA members everywhere, the ATAA has a number of: Chapters, and Special Interest Groups, and Network Groups. Current financial members are free and welcome to participate in any of these. We are hopeful that all of these groups will submit some information for publication in the Blast! News from time to time, to help our hundreds of readers understand more about the opportunities and benefits for ATAA members.
 
For the latest meeting information, check the ATAA website for details, and also scroll down the website home page to see the latest announcements, presentations and updates to the resource library.
ATAA Chapters (alpha order) meeting monthly
  • Adelaide
  • Brisbane
  • Canberra
  • Melbourne
  • Perth
  • Sydney
SIGs and Networks (and contact names)
  • Melbourne Quant SIG (Mohamed Nasher)
  • RealTest Coders (online) Workshop (Chris Meakin, Robert Grigg)
  • MetaStock Users SIG (Jerry Bongard)

Perth Chapter News
Special Workshop

ATAA Perth 2026 TA Workshop
Special Perth Chapter Workshop - Report
Technical Analysis Workshop hosted by Gary Burton CFTe  

The Perth Chapter Workshop was held om Saturday 20th June hosted by Gary Burton. After the initial technical problem, unfortunately the Epson Over Head Projector didn’t support the USB-C to HDMI connector, Richard Dale was able to come up with a work around and the workshop was able to commence.

The workshop was greatly appreciated by the people who were able to watch the streaming of the workshop as well as the people in the room. The on-line streaming of the workshop continued well past the nominated one hour.

Gary Burton’s simple approach to technical charting without the use of indicators in determining the market sentiment was clearly explained. Everyone now has a good understanding of “Spike High” and “Spike Low”.
 
Over the years Gary Burton has supported the ATAA by providing presentations at various chapters as well as on-line presentations, particularly during COVID and he has hosted serval workshops. This is Gary’s way of giving back to the ATAA in helping other members becoming successful traders, which is greatly appreciated.
 
Derek Locke
(ATAA Perth Chapter President)
derek.locke@ataa.asn.au

 
Canberra Chapter News

The Canberra Chapter enjoyed our second hybrid meeting of the year in June with Richard Ringrose giving another excellent presentation on the identification and use of ‘Market Phases’ and the ‘5% Canary in the Stock Index coal mine’. Richard had previously presented these in more depth in earlier presentations and it was good to see their positive performance over the last couple of years. Richard also articulated some current cycle indications from Akhil Patel’s ‘The Secret Wealth Advantage’.

Bruce Taylor highlighted the performance of some key Australian Stocks in his ASX Review. Bruce provides important perspectives on the Australian and US indices and is an important component of our meetings.

Attendance at our meetings have been stable in 2026 and we look forward to welcoming new and old members to join us for our meetings. For those wanting to continue discussions on the dynamic world of trading, tech and markets, some attendees have dinner at the Club downstairs.
 
Remember to bring your portfolio selection to our next meeting. If you would like to enter the portfolio competition and cannot make it to the meeting, send your selection to gabriel.spacca@ataa.asn.au.

Good trading and good health.

Mark Gleeson
(ATAA Canberra Chapter President)
[The Canberra Chapter generally meets on the third Tuesday each month.]

RealTest Coders online Workshop
latest news

June’s RealTest Coders workshop (operating under the Melbourne Quant SIG) had 15 registrants and 10 participants. The meeting was open discussion with initially Mohamed Nasher introducing a variation of the XTO rotational strategy, which will be discussed at greater length at the Aug meeting. We also had a relatively new RealTest user, Jim, who had a lot of questions and gained a lot of feedback from those of us who have been trading for a while.

The next meeting (Monday 13th July), will be a presentation by Adrian Reid and Alan Clement on Crypto trading. There will be time for Q&A after the presentation.

Come along to any of our sessions with any ideas or critical challenges.

The meetings are aimed at competent users of RealTest, but new users and intending users are more than welcome to join. A number of participants have also formed small ‘coding buddy’ groups (2-4 users) to develop and code up strategies collaboratively.
 
Recordings of the meetings along with any associated material can be found in the RT Coders SIG forum here.
 
[Usually meets online on the second Monday of the month.]

 
Melbourne Chapter News

At our July meeting, after we devoured the tasty finger food, we had two guest speakers in the room to explain some great topics. Bisher Khudeira (from Stormrake) explained "Understanding the Bitcoin Cycle", and Thomas Stone (Trade View) talked about: "Strategy Development from Analysis to Automation". Video recordings of both of these presentations are in the ATAA website Resource Library for members to download/view.
 
As a reminder, the benefits of meeting in-person include:
  • Invaluable networking (or "common gossip") from 5.15pm to 6pm (including free finger food),
  • The interactions in the room during the broadcast session 6-8pm, and
  • Further networking and guest speaker mingling over dinner after 8pm.
Don’t forget that public transport (tram) runs past the hotel front door, the train station is only 700m away, and there is ample car parking around the corner and nearby. And if you see any of our committee/council members below, please thank them for their invaluable contributions in helping to run our hybrid meetings, and make sure that we get a quality video recording to edit and upload to the ATAA Resource Library on the website.
 

Robert Brain
ATAA Melb Chapter President and interim Secretary
(for the Council team: Paul Ash, Jim Haralambidis, Keith Mundy, Tony Hambling, Tony Leonard, Robert Grigg, Mohamed Nasher).


 
Other Chapters
and SIG
s

We have a total of six chapters around Australia, as well as several Special Interest Groups (SIGs) in which members can participate. You can see a list of the six chapters and their office-bearers on the website - use the menu option: ATAA Overview > Current Office-Bearers > Chapter Councillors > Subcommittees. See the ATAA website for latest meeting and event details.
  • Adelaide Chapter - Generally meets in-person on the third Wednesday of the month.
  • Perth Chapter - Generally meets on the third Thursday of the month. 
  • Brisbane Chapter - Generally meets on the second Saturday of the month.
  • Sydney chapter - Generally meets on the third Monday of the month.
  • MetaStock Users SIG - Contact Jerry Bongard, jerry.bongard@ataa.asn.au
  •  RealTest Coders Workshop (sub-group of the Quant SIG) - Meets online, generally on the second Monday of each month at 8:00 pm. EST (to give members in western states a better chance of attending). SIG Coordinators: Chris Meakin and Robert Grigg.

 
IFTA Update

IFTA 2026 conference banner
IFTA 2026 Conference in London -
London Calling! The next Wave in TA. The conference expert speakers will share their perspectives on how technical analysis should evolve to respond to the dynamic global trading landscape we are all experiencing. As an international gathering of technical analysis professionals and thinkers, the conference offers extensive networking opportunities. IFTA 2026 is an opportunity to meet our fellow IFTA member association colleagues.
 
See conference details on the IFTA website: https://www.ifta.org/ifta-2026-conference.  

IFTA Update Newsletter  - The IFTA Update is a quarterly newsletter, reaching more than 7,000+ IFTA colleagues worldwide. It is a great tool for communicating and advertising to the technical analysis community worldwide. The June issue should be available very soon, but the March 2026 issue (Vol 33 Issue 1) can be downloaded here (this PDF is 13 pages and 6.5MB). In this issue:
  • President's Report to Colleagues
  • Member News
  • IFTA 2026 Conference
  • Congratulations New CFTes
  • Congratulations New MFTA
  • In Memoriam
  • IFTA Journal Call for Submissions
  • and more

About IFTA (International Federation of Technical Analysis) - It is the umbrella organisation for Technical Analyst societies around the world. See a list of IFTA member societies in the IFTA Update Newsletter.
 
IFTA webinars: See the latest information about up-coming and past webinars on the IFTA website

IFTA Journal (26)

In case you missed it recently, the 2026 IFTA Journal is available for you to download from the IFTA website here. (It's 88 pages and 22 megabytes in size - quite large). 
 
"There is no old or new technical analysis. But there are new ideas that can be adopted without discarding the old, cherished approaches. Perhaps the textbooks need to be thicker, or the body of knowledge broader. Because our world just keeps on turning. But it can also be fun and broaden your own horizons."—Dr. Rolf Wetzer, CFTe, MFTA, Journal Editor

”Markets are never wrong – opinions often are.”—Jesse Livermore
 
Inside this issue:
  • MFTA Papers
  • Articles (several, including: Stochastic, Prediction is Difficult, GSR Bands)
  • Book Review - "The Intelligent Fund Investor" by Joe Wiggins, reviewed by Regina Meani.
IFTA Jounral 26

IFTA and ATAA members - ATAA members are automatically affiliate members of the International Federation of Technical Analysts. ATAA membership gives you access to IFTA resources including: certification programs, educational events and networking opportunities, including participation in the IFTA Conferences. The information below is the latest update from IFTA.

IFTA Update (quarterly newsletter) - The IFTA Update is a quarterly newsletter that is available to members of the ATAA.

The ATAA Elevator Pitch:
Join the ATAA to improve your understanding of how to
invest or trade successfully in the financial markets
focusing on the correct use and application of Technical Analysis
(if someone asks you what the ATAA does, simply tell them this)

Technical Analysis - Weinstein chart
 
TECHNICAL ANALYSIS
and Trading/Investing Tips

Do you know what you are buying/trading?
In the last issue of this newsletter I mentioned a few things to be aware of when trading of investing in the financial markets. Including that “shares” and “securities” might not refer to exactly the same thing. Also, major index constituents, and I touched on the issues with liquidity, or actually the lack of liquidity.

Below are some more things to be aware of.
The 200 day Moving Average – I have noticed over a period of time that many commentators and analysts in the US use the 50 day and the 200 day Moving Averages, and often say that a share price tends to use these curves as support or resistance levels.  And that algorithmic trading systems have buy and sell triggers that look for a crossing of either of these Moving Average curves. 

Artificial Intelligence (AI) – There have been more and more developments and news items on this subject in recent months.  And we might wonder if the technology is still ramping up with more and more to come, or if it might have started to stabilise.  I suspect there is a lot more to come, but it is very difficult to imagine where it is all going to next.

The “top 200” index is NOT the top 200 stocks – I have mentioned this before, and people don’t challenge the statement, but they do express surprise and an interest in understanding more about it. I was very surprised a few years ago when I first learned that this statement was true.  To help understand it, I ran a market scan over the whole ASX market (more than 2000 securities), and displayed the market capitalisation for each security, and sorted the list by market cap with the largest companies at the top, and the smallest at the bottom.

Then I manually and painstakingly went through the list and flagged the securities that were in the XJO (S&P/ASX 200) index, and lo and behold, the last few stocks in the XJO were not the 199th and 200th stocks on the master list “by market cap”. In fact the last one came in at number 500! This means there are about 300 securities on the master list “by market cap” which are NOT in the XJO index.  And you might very well wonder why.

We need to remember that there are very clear and detailed rules that govern whether or not a security qualifies to be in each index.  These rules are managed by Standard and Poors and the ASX, and they can be viewed online. In this regard I would refer you to the reference website and PDF document named below.

Reference: “S&P/ASX Australian Indices – Methodology”.
https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-asx-australian-indices.pdf

And when I first investigated this topic back in 2009, to help me get a handle on the issue, I drew a graphic diagram to view how the constituents of each index “related” to each other.  That diagram is shown below.
ASX index compositions
So, do take care in the markets, and I do hope this has been useful for you.
 
Robert Brain

The ATAA Value Proposition Statement:
The ATAA is Australia’s leading independent community for people who want to learn how to trade and invest using market analysis. Whether you’re just starting out or building confidence, ATAA gives you clear education, real-world insights, and a supportive community, helping you understand the markets, avoid common mistakes, and make better trading decisions.
(if someone asks you why they should join the ATAA, then simply tell them this)

And another thing... About Emails
Before you unsubscribe:- Please note that if you ever unsubscribe from any of the ATAA emails, then unfortunately you will be unsubscribing for ALL ATAA emails. So please think carefully before hitting the Unsubscribe button.
 
Beware Spam emails! - On a different topic, one of our members emailed me recently to advise that he has been receiving more spam emails than usual. We all need to be very careful about the emails we receive these days because many of them are spam (unwanted and unsolicited), and they can contain sometimes hidden links to download suspicious or malicious software for nefarious purposes. The bottom line is to always be on alert to these attempted actions.

ATAA Member Perks and Benefits
If you're not an ATAA member, and you are considering joining, you might be interested to know there are many good reasons to sign-up, including:
  • Learn how to protect your hard-earned capital - using wise stock selection, and money and risk management ideas;
  • Invaluable education opportunities (with discounts for members);
  • Huge and extensive Resource Library (access for members);
  • Networking opportunities - meet with like-minded peers for trading and investing discussions;
  • Special Interest Groups (SIGs) (only for members) - there are several;
  • News and information;
  • Online Forums;
  • Annual ATAA Conference (discounted for members).

In Closing
 
I do hope you have found this edition of the Blast! Monthly News both interesting and useful. Feel free to send my any feedback - good or bad.
 
NOTES about this newsletter: The appearance of this email newsletter can be a little different depending on how you view it. In Google's Gmail the Gmail Inbox might show just a portion of this edition. At this stage I am not sure of the best way to work around this issue. And my apologies continue for any odd formatting that you might find which I cannot resolve - font size or line spacing etc - as these seem to be oddities in our CE email editor tool (there are probably odd HTML codes hidden behind the text, which we have not found yet). Every month when I prepare this newsletter, I spend ridiculous amounts of time fiddling around trying to make the line spacing consistent throughout, and the font sizes consistent; but it still turns out less than I would want it to.
 
Robert B. Brain
Blast! Newsletter Editor