Author: james Carter
We start the New Financial Year up 80 points – Is my pullback view wrong?
The ASX 200 had a strong session today, closing up 36 points as investors looked to establish/adjust positions in their portfolios for the new financial year.
Over the past 3-4 months, my reports have repeatedly said “be patient as opportunities will arise” and suddenly, we have purchased two stocks within a week. It can be very frustrating to be sitting on over 50% cash and reading the headlines of “record highs again in US equities” however, the Australian market is now 3% below recent April highs and feeling very vulnerable. Investors should always remember that short term market movements are random and 85% of the time basically sideways. Hence:
The ASX 200 closed 80 points higher today, more than double what we had expected this morning.
Shining the Spotlight on Five of the Best Performing Stocks of last Financial Year
Following today’s purchase of another Blue chip stock as per live alerts to subscribers, please follow the morning commentaries regarding stop loss orders, profit targets and position management.
Companies are buying their own shares: Is this a positive impact?
The ASX 200 accelerated down sharply this morning and maintained its weak tone until the close, down 49 points for the day.
Explaining the “carry trade” and the risks it brings to bank share prices down the track.
The ASX 200 had a quiet session, closing 20 points weaker after June equity options expiry.
Really bullish, there's more to go in the reflation rally
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