Author: james Carter
As anticipated, we are currently witnessing a retracement in the market with selling accelerated later in the session. The ASX200 closed down – 37 points despite other regional indices currently trading higher.
Building Approvals for April was down -5.6%, falling the most in ten months. Is this a concern?
The ASX200 ran its own race today, being sold off across the board closing -39 points despite the Australian current account balance beating expectations and positive leads from Hong Kong and Tokyo.
It’s currently all about dividends in Australia, how about the US?
Following up from to last week’s note – “Could Origin Energy (ORG) become the next Telstra (TLS)?”
As alerted live to our Subscribers yesterday, we bought OZ Minerals (OZL) as per yesterday’s morning report.
The ASX200 closed 27 points lower and was really quiet despite options expiry overnight and MSCI index reweighting today.
Oz Minerals (OZL) breaking out… Chart Patterns represent market sentiment and they repeat.
The ASX200 was quiet today again closing -8 points with May equity options expiry on the close.
See our Market Matters video on “Investing vs. Trading?”
Really bullish, there's more to go in the reflation rally
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