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Month: January 2016

Afternoon Report Thursday 14 January 2016

by james Carter

  • Volatility remains, where the ASX 200 experienced a 122 point range with ending the day 78 points lower to 4,909.
  • The BHP outperformed the broader market, rallying 3% from its day lows to close 11c higher (+0.7%) at $14.88
  • The Big 4 banks all led the market lower, with National Australia Bank (NAB) being the weakest link, closing $0.57 lower, (-2.1%) at $27.11.
  • Safety concerns remain across the globe, reports of an explosion and gun shots heard in Indonesia’s capital, Jakarta.
  • RIO lost ground today, down 1.8%to $38.85 despite management announcing a pay freeze this year as an avenue to help reduce cost during this tough time in Commodities.

Best Sector – Materials
Worst Sector – Energy

Morning Report Thursday 14 January 2016

by james Carter

Another scary night on Wall Street with the Dow down close to 400 points at around 6am AEST.

Afternoon Report Wednesday 13 January 2016

by james Carter

  • A positive session on the ASX today – the first of 2016 with the ASX finishing up +62pts (+1.26%) to 4987.
  • Oversold banks the main driver with WBC the main catalyst finishing up 2.2% to $31.49 and CBA up 2% to $81.00 while resources finished some way up from their intra session lows – RIO the main driver finishing up 1% to $39.55.
  • Market Matters put out two intra session alerts today, on two contrarian stocks that we think offer good risk/reward
  • Stay tuned for further alerts over the coming days as we look take advantage of depressed levels


Morning Report Wednesday 13 January 2016

by james Carter

The financial headlines over the first few days of 2016 have been enough to send all but the most committed stock market investor running for the hills – one major bank / broker has basically recommended dumping all shares!

Afternoon Report Tuesday 12 January 2016

by james Carter

• A disappointing day in the ASX 200 today, where a glimmer of hope was witnessed in the morning, only to fade and fade hard by China open.
• The ASX200 closed 7 points lower (-0.1%) at 4,925, after trading as high as 4,983.
• The banks closed mixed, with CBA being the alpha of the pack, ending its session 1% higher to $79.39.
• The Energy sector continued its slide, Santos (STO) was the weakest link, down 8.1% to $2.95.
• We see this current pattern as consolidation and expect plenty of volatility to remain.

Morning Report Tuesday 12 January 2016

by james Carter

Over recent months the financial press has been full of stories covering the collapse of commodities and associated resource stocks e.g. Iron Ore is down 75% since mid 2012 to $US41.3/t – see chart 1.

Afternoon Report Monday 11 January 2016

by james Carter

  • A volatile session was witnessed today in the ASX 200 as expected, as the sea of red continues to spread and land mines being hit.
  • The ASX 200 closed 59 points lower (-1.2%) at 4,932, after hitting a low of 4,880. Iron Ore and Oil remaining to be negative in Asia trade. Iron Ore is currently down 2.1%, while Oil is off 2.1%.
  • A landmine was hit yet again, this time with ISelect (ISU) down 39.1% to $0.67 after warning its investors with an updated and disappointing earnings guidance.
  • With Iron Ore down, BHP slumped by 4.9% to close at $15.55, while the Big 4 also contributed in today’s weakness. Westpac (WBC) was a the weaker link, losing 1.4% to $30.56.

Best Sector – IT
Worst Sector – Materials

Morning Report Monday 11 January 2016

by james Carter

Most of us know that today will be another extremely tough start for the ASX200 and this was discussed in the Weekend Report.

Afternoon Report Friday 8 January 2016

by james Carter

  • The ASX 200 rallied from its early lows of 4,940, to close only 19 points lower (-0.4%) at 4,990.
  • China is currently up 2.6% after the circuit breaker has ceased.
  • The Iron Ore names had a great day, RIO closed up 3% to $41.93, while Fortescue Metals (FMG) closed 2.4% higher to $1.72.
  • Tomorrow will be interesting, when China releases their CPI and PPI data. This rollercoaster ride may not be over yet.
  • Please watch out for the weekend report.

Best Sector – Energy
Worst Sector – IT

Morning Report Friday 8 January 2016

by james Carter

Good morning everyoneOverviewThis first week of 2016 has felt like an entire tough first quarter all wrapped into one! as people cut the end of their Christmas holidays short due to market volatility. China uncertainty has created a total rout of equities in the first four days of trading leaving a lot people battered and bruised.The falls to-date on some major indices is staggering; especially when this ‘holiday’ week is normally anticipated by most as a quiet week – the Dow 911 points (5.2%), German DAX 764 points (7.1%), UK FTSE 288 points (4.6%) and ASX200 285 points (5.4%). Interestingly, apart from an acceleration of the devaluation of the Yuan, there is nothing particularly fresh from a news perspective that has hit the market, all the below have been around and understood a while:

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