Morning Report Friday 13 February 2015
My thoughts on 5 more company reports that reported yesterday
Yesterday I must have had a grumpy face on, as four people asked me if I was ok before midday! Taking a very quick and disappointing loss on Suncorp (SUN) was not fun, BUT remember my previous point on both trading and investing, I must have been guilty of the below for an hour:
• Personalising Losses – Making $$ is what matters rather than being right or wrong on an individual trade. I am nervous where the insurance sector is in the cycle and at current levels I simply prefer ANZ Bank, CBA and Telstra.
US equities look to be headed to new all-time highs over coming days. My target of a significant correction 10-15% has been pushed back until the classic “sell in May and go away” period. Two very powerful seasonal statistics are coming into play shortly:
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