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Author: james Carter

Morning Report Tuesday 13 October 2015

by james Carter

Three Australian stocks with almost identical bullish chart patterns

Afternoon Report Tuesday 13th October 2015

by james Carter

  • The ASX 200 resumed the negative sentiment this week, ending the day 29 points lower (-0.6%) to 5,203.
  • The Energy sector led the decline, again. Woodside Petroleum lost 2.1% to $31.36, whilst OilSearch (OSH) managed to close slightly higher, up 0.3% to $7.36.
  • There was only one stand out of the ‘big four’ banks, ANZ, which closed 0.6% higher to $28.51 as the bank sees growth from business customers from China and being one of the least affected banks on investor home loans.

Best Sector – Consumer Staples

Morning Report Monday 12 October 2015

by james Carter

For today’s title we have been inspired by William Shakespeare and his famous play ‘Hamlet’.

Afternoon Report Monday 12th October 2015

by james Carter

  • The ASX 200 began the week on a negative tone, ending the day 0.9% lower to 5,232 on a low volume session.
  • Most commodities dragged, led by the Energy Sector – Woodside Petroleum (WPL) closed 1.8% lower at $32.02, while Oil Search (OSH) ended 4.2% lower at $7.34. Today, subscribers received a live alert on a switch in this sector.
  • Although the Materials sector outperformed the broader market, they were also hurt. The majors, BHP Billiton (BHP) lost 0.9% to $25.6 and RIO Tinto (RIO) down 0.7% to $54.81. While Fortescue Metals (FMG) was the clear winner, up 5.3% to $2.40.
  • With the US Bond markets closed tonight, another safe haven asset (gold) closed higher – Newcrest (NCM) up 1.5% to $14.71 and Regis Resources (RRL) up 8.1% to $2.00.
  • The Banking sector didn’t help, with the big four banks down for the day and Commonwealth Bank (CBA) down 1.2% to $74.65.

Best Sector – Materials

Morning Report Friday 9th October 2015

by james Carter

Stocks have got their “Mojo” backGood morning and happy Friday!OverviewThe ASX200 has rallied a very strong 6.9% from the targeted 4900 support area with today’s open likely to take it to a rise of over 7% in two weeks – see chart 1. The Market Matters plan to be long has come together perfectly although in hindsight some of our trade location could have been slightly better!Similarly, the Dow has rallied 1680 points (10.9%) and, as we have previously mentioned, importantly ignored bad news showing a clear change in investor sentiment – the glass is now half full! – see chart 2.Technically, the S&P500 is approaching the 2020 resistance area that has capped the market since the 21st of August, a strong break of this level would potentially see a test of trendline resistance around 2070 very quickly.Where to from here?

Afternoon Report Friday 9th October 2015

by james Carter

  • The ASX 200 was fairly quiet today, pushing up towards the end of the day to close up 69 points to 5,280.
  • The commodity charge goes on with BHP Billiton (BHP) closing up 60c to $25.60, up a modest 13% for the week. RIO Tinto (RIO) was stronger, up $2.00 on the day and 13% for the week, closing at $55.18. Fortescue Metals (FMG) was quiet, up only 7c to $2.28. Iron Ore looks to be up again in Singapore +3.3% currently.
  • The banks were mixed, with Commonwealth Bank at one stage down on the day, but finishing up 16c to $75.53. Australia New Zealand Bank (ANZ) was the strongest today finishing up 1.9% to $28.46.

Have a nice weekend and keep an eye open for the weekend report.

Morning Report Thursday 8th October 2015

by james Carter

Remember stocks / sectors are cyclical like the markets

Afternoon Report Thursday 8th October 2015

by james Carter

  • The ASX 200 had a mixed day today and ended disappointingly only +12 points to 5,210.
  • After being up as much as 46 points within half an hour the market started to decline before getting sold off just after mid-day; about the same time that the Shanghai Market opened.
  • Macquarie Bank (MQG) and Australia New Zealand Bank (ANZ) announced the expected sale of Esanda from ANZ to MQG.
  • MQG paid $8.2b including debt, which now makes MQG’s motor vehicle finance assets climb from $9b to $17b.
  • MQG also announced a $400m share placement to institutional investors and a share purchase plan for eligible investors.
  • Bank of Queensland (BOQ) announced a good result which slightly beat market expectations. Full Year 2015 cash earnings were $357m with a dividend of 38c. BOQ finished the day up 85c to $12.46
  • The miners continued to perform well even though the market fell off the highs. BHP Billiton (BHP) was up over 3% to close at $25.00. RIO Tinto (RIO) was off its highs but finished at $53.18 up 2%. On the back of Iron Ore on the rise in Singapore, Fortescue Metals (FMG) rose 5.25% to $2.21, its highest level since June.

Best Sector – Energy
Worst Sector – Industrials

Morning Report Wednesday 7 October 2015

by james Carter

3 stocks / markets that may “spring” into Christmas!

Afternoon Report Wednesday 7th October 2015

by james Carter

  • The ASX 200 had a real roller coaster ride early in the day as witnessed by the chart below. The ASX 200 finishing the day up 30 points to 5,198.
  • The Energy sector (+7%) pushed the market higher with Woodside Petroleum up 6% to $32.10, Caltex (CTX) up 99c (3.1%) to $33.00 and Santos (STO) up 12% to $5.07..
  • The banks were generally better with Australia New Zealand Bank (ANZ) up 16c to $27.72, National Australia Bank (NAB) up 27c to $31.19 and Westpac Bank (WBC) up 16c to $30.52. Commonwealth Bank managed just to scrape into the black, up 4c to $75.00.
  • The big miners were well sort after, with BHP Billiton (BHP) up 38c to $24.26, RIO Tinto (RIO) pushing through $52 late in the day to close up $1.66 to $52.18.
  • Gold stocks performed well after the price jumped last night. Newcrest Mining (NCM) continued to move up, finishing up 4.0% to $14.58, Regis Resources (RRL) up 2.5% to $1.86; whilst OceanaGold Corp (OGC) jumped 26c (12%) to $2.37.

Best Sector – Energy
Worst Sector – Industrials

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