Afternoon Report Wednesday 28 August 2014
The ASX 200 closed down 27 points at 5,624 with the resource sector being the weakest link.
As mentioned this morning to Subscribers, we took a ~24% profit in MTU and switched to MYR for a good risk/reward.
As investors believe global interest rates will remain at ultra-low levels, it is a stock picker’s market where yield will remain a factor for quite some time.
All figures contained from sources believed to be accurate. Marketmatters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 26/08/2014. 4.30PM.
Reports and other documents published on this website (‘Reports’) are authored by Market Matters independently of Shaw Stockbroking Limited (‘Shaw’). The Reports represent the views of Market Matters and those views may be contrary to views expressed by Shaw, Shaw Research and Shaw advisers. The Hickman Report is based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.
Show more...
