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Month: March 2016

Market Matters Afternoon Report Tuesday March 22nd 2016

by james Carter

Market Data

Market Matters Morning Report Tuesday 22nd March 2016

by james Carter

KISS “Keep it simple stupid” over the next few weeks, there are 3 events unfolding that are likely to dictate equities movements / activity.

Market Matters Afternoon Report Monday 21st March 2016

by james Carter

Morning Report Monday 21st March 2016

by james Carter

Time to keep our finger well & truly on the pulse

Afternoon Report Friday 18th March 2016

by james Carter

  • The ASX 200 ended the trading week on a very quiet and dull note with the market closing up 15 points (+0.3%) to 5,183. For the week it closed up 17 points (+0.3%).
  • 3 of the big 4 banks closed higher, with WBC being the weakest link ending its day off only 1c to $32.68, while CBA rallied 1% to $78.16.
  • The Resource sector outperformed the broader market, with BHP rallying 4.7% higher to $18.10, while RIO closed 1% higher at $44.15 after announcing copper executive, Jean-Sebastien Jacques as CEO to succeed Sam Walsh.
  • Treasury Wines Estate (TWE) lost 3.9% to $9.13, following a broker note cutting its outperform stance to neutral.

* Please watch out for the weekend report.

Morning Report Friday 18th March 2016

by james Carter

Resources have become exciting and scary – fingers MUST be on the pulse.

Afternoon Report Thursday 17th March 2016

by james Carter

Due to technical difficulties, this afternoon report is reaching you inbox a little late. We apologize for the inconvenience.

  • A volatile session was experienced this morning as expected, with the broader market selling off as low as 5,119, only to climb back and rally 49 points (+1%) to 5,168.
  • The major banks provided some assistance with the broader market’s strength. Commonwealth Bank (CBA) closed $1.34 (+1.8%) at $77.38.
  • Fortescue Metals (FMG) roared 9.1% higher to $2.65, while BHP closed 2.4% higher to $17.29.
  • The Gold sector rallied as expected, Newcrest (NCM) closed 6.5% higher to $17.67, while the recently battered, Regis Resources (RRL) closed 3.5% higher at $2.36. Market Matters bought a gold name today as mentioned live to Subscribers.
  • On corporate earnings, retailer : Myer (MYR) surprised investors to the upside with their half year result, rallying 12.7% to $1.24.

Best Sector – Energy
Worst Sector – Telcos

Morning Report Thursday 17th March 2016

by james Carter

No rate rise in the US, is it time to buy gold stocks?

Afternoon Report Wednesday 16th March 2016

by james Carter

  • Another dull day experienced in the ASX200 today, with the broader market ending its day only 8 points higher to 5,119, as investors sit and wait for comments from US Fed Chairwoman tonight.
  • Though the ‘big four banks’ somewhat helped the broader market close higher, with NAB the strongest of all, ending its day up $0.29 (+1%) at $28.08
  • As expected, the miners underperformed – FMG lost $0.11 to $2.43, while RIO closed 28c lower (-0.7%) at $42.69.

Best Sector – IT
Worst Sector – Consumer Staples

Morning Report Wednesday 16th March 2016

by james Carter

Good morning everyone Overview Yesterday the local market fell 74 points, grinding lower all day, when other major equity markets were relatively quiet ahead of the Federal Reserves’ interest rate announcement. There was no stand out weakness except the weak energy sector and it simply felt like the market was “too long” and needed to square up. Over the past few weeks we have been observing how the ASX200 is following the $A in a risk-on / risk-off manner and, as many would have seen, the $A pulled back yesterday with the price of commodities. Market Matters has anticipated a rest / pullback from equities around this period; we actually believe the ASX200 is a trading buy into weakness under 5100 with stops under 5025. We would not be surprised to see a pullback in US equities after the Fed’s decision that we follow, but outperform.

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