Month: May 2014
This week saw a bid for Treasury Wines, who may be next?
The ASX200 attempted to hold above the 5500 level today, only to drift lower and close +13 points to 5,493.
The ASX200 followed last night’s lead from the US and closed up 1%, or up 55 points to 5,480, led by the banking in the morning with an extra hard push by the resource sector from 11.45am..
Tiffany’s show us the difference between getting it right and wrong!
The ASX200 repeated much of yesterday’s action, being sold off in the morning only to recoup losses and close +4 points to 5,425.
While I continue to anticipate a decent pullback in the coming weeks, which is currently unfolding as expected, not all stocks will fall. Last night, the Dow fell to its lowest level in 3 weeks and the ASX200 yesterday made a 4 week low, 3.1% below 2014 highs. However, during this time, a few stocks that I watch have rallied / not fallen and look solid at these levels even considering I believe the overall index has further to fall. A number of our members have asked what I would buy now especially as I may be wrong and markets could go higher as opposed to retracing some of the recent major gains. I have repeated, “be patient” recently with regard to buying stocks in general but if I was 100% in cash I would clearly consider one, or some of the below, just as I have.
The ASX200 was sold off early in the session, as low as -25 points, only to recover throughout the afternoon to close +11 points at 5,420 points, despite news reports that Australia may lose its AAA credit rating from the S&P.
The gaming industry has encountered some significant headwinds over recent weeks, five of which are noted below:
The ASX200 was sold off today as global de-risking continues and a sea of red covers our screens.
Iron trades close to 2 year lows on China concerns, should be run or buy?
Really bullish, there's more to go in the reflation rally
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