Australian Investment Blog

Oil looks to be shinning more than gold into ChristmasGood morning everyoneOverviewMarket Matters hope a few people backed Prince of Penzance to win the Melbourne Cup, as the race again proved why we stick to financial markets!The US stock market continues to race ahead with the S&P500 now only 1.1% below its recent all-time high, perhaps the recent correction locally is over and optimism will return?Technically, Market Matters has been predicting this bullish move in the S&P500 with an ideal target ~2200 now only around 4% away. The million dollar question remains how far can the ASX200 rally with all the existing headwinds....5600-5700 resistance area would be ideal.However, within the stock market gold and oil stocks look to be in very different positions.Turning to the MarketOil stocks