Author: james Carter
Are there any gems in the major company reports to-date?
The ASX 200 closed 16 points lower today, with both the banking sector and major resources contributing to the broad weakness. Of the main 8 companies to report today, 5 ended with their shares lower, between -0.9% and +6.0% respectively.
Canadian Banks suffer after governments consultation paper, what locally?
The ASX 200 closed 73 points higher, at 5,530 as it felt like traders were covering short positions. Refer to the fear and greed chart, illustrating the number of traders who are short/bearish in this market.
Last week, we witnessed volatility jump and the ASX200 retrace 128 points as geopolitical risks dominated the newswires. Although I still believe the ASX200 will retrace back towards the 5,350 level, it is currently a “stock pickers” market and as I had discussed recently, buying the current pullback should typically be very profitable on a cyclical basis. However, investors must recognise the changing circumstances and simply chasing traditional yield sources will likely lead to underperformance.
The ASX 200 gained little of last week’s losses, closing up 22 points in what was a low volume traded day, with the value down 15% from its average.
RIO reports great earnings and the stock falls in London and the US?
The ASX 200 sold off aggressively today down 74 points to 5,435, after US President, Barack Obama authorised targeted airstrikes in Iraq in retaliation to the Sunnni militants.
Are Russia – Ukraine tensions creating a buying opportunity?
It was a choppy day today, with the ASX 200 closing down only 3 points to 5,509 and the day’s range at 39 points.
Really bullish, there's more to go in the reflation rally
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