Author: james Carter
The local equity market continues to follow our roadmap which targets the 5850-5875 area before a decent pullback. The local market is looking to open a modest 105-20 points higher this morning as overseas markets appear to have taken the much anticipated speech by Donald Trump mostly in their stride. Three small take outs that caught our eye from the market’s reaction to the president elect:
Yesterday’s large market decline was almost as surprising as the previous days strong rally but now we suddenly have the chart pattern that we have been looking for, so importantly what now?
Yesterday’s intra-day strength in the local market surprised many investors including ourselves . The simple explanation for the ASX to gain over 70-points by lunchtime is money flowing into equities, which we believe is for two primary reasons – importantly not perceived value in the market. The almost impossible task is gauging how much and how far the effect will be on stocks.
Really bullish, there's more to go in the reflation rally
Please enter your login details
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
