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Month: August 2014

Four more stocks that rallied hard after reporting, plus one nice consequence

The ASX 200 closed 18 points higher to 5,567, led by the resources sector.

Looking at 4 companies who fell yesterday after reporting, any opportunities?

The ASX 200 closed 34 points higher today at 5,549 with Telstra (TLS) and CSL dominating the rally, contributing 5 points respectively to the share market advance today.

Are there any gems in the major company reports to-date?

The ASX 200 closed 16 points lower today, with both the banking sector and major resources contributing to the broad weakness. Of the main 8 companies to report today, 5 ended with their shares lower, between -0.9% and +6.0% respectively.

Canadian Banks suffer after governments consultation paper, what locally?

The ASX 200 closed 73 points higher, at 5,530 as it felt like traders were covering short positions. Refer to the fear and greed chart, illustrating the number of traders who are short/bearish in this market.

Last week, we witnessed volatility jump and the ASX200 retrace 128 points as geopolitical risks dominated the newswires. Although I still believe the ASX200 will retrace back towards the 5,350 level, it is currently a “stock pickers” market and as I had discussed recently, buying the current pullback should typically be very profitable on a cyclical basis. However, investors must recognise the changing circumstances and simply chasing traditional yield sources will likely lead to underperformance.

The ASX 200 gained little of last week’s losses, closing up 22 points in what was a low volume traded day, with the value down 15% from its average.

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