Australian Investment Blog

Good morning everyone! Overview Well, Christmas has passed, New Year’s Eve is looming on Thursday and it feels like the ASX200 is limping home like the battered Sydney to Hobart yachts, currently down ~4% for the year. After reading this morning that Australia has underperformed its global rivals every year for the last decade and Venezuela was the best performing index in 2015, it’s clear to see why local investors need all the help they can get. Market Matters feels it is ideally positioned to help investors in coming years and looking forward to announcing some exciting additions to our team in coming weeks. Turning to the Markets As has been discussed over past weeks, this week is likely to be a low volume affair which, as a result, can cause overall increased market volatility meaning that investors should be on their guard for potentially significant price movements. Recently we have emphasised the dates of the December highs since the GFC i.e. 31st, 23rd, 12th, 28th, 31st and 30th hence a few more days of strength would not surprise. Also lets now look at the January highs during the "this kind of bull market" since the GFC i.e. 5th, 2nd, 31st, 27th, 19th and 11th; clearly there is no specific pattern for January (unlike December). There have been no significant leads from overseas markets since the ASX200 closed for the Christmas break so the next few days will be interesting. Market Matters overall view has not changed with our Sellers Hat on as we look to reduce our portfolio over coming weeks. The intention is to keep reports short over the Christmas / New Year break updating the above theme BUT you can never assume anything with stock markets! Summary Market Matters still believes the US bull market from 2009 will end in coming weeks putting renewed pressure on the Australian market. * Watch closely for Market Matters alerts via SMS and email. 1 ASX200 Weekly Chart