Author: james Carter
The ASX200 continued its quiet trading this week, closing 16 points higher today, led both by the resource and banking sector. E.g. BHP +10c to $37.99 & NAB +22c to $33.51.
I keep looking for a pullback…am I wrong or is it close?
The ASX200 had another quiet session today closing +5 points.
I remain confident a decent pullback is coming for a buying opportunity but whose listening?
The ASX200 was quiet today as expected, closing +20 points higher at 5,513 ahead of both the UK and US markets closed tonight for respective public holidays.
This week saw a bid for Treasury Wines, who may be next?
The ASX200 attempted to hold above the 5500 level today, only to drift lower and close +13 points to 5,493.
Tiffany’s show us the difference between getting it right and wrong!
The ASX200 followed last night’s lead from the US and closed up 1%, or up 55 points to 5,480, led by the banking in the morning with an extra hard push by the resource sector from 11.45am..
While I continue to anticipate a decent pullback in the coming weeks, which is currently unfolding as expected, not all stocks will fall. Last night, the Dow fell to its lowest level in 3 weeks and the ASX200 yesterday made a 4 week low, 3.1% below 2014 highs. However, during this time, a few stocks that I watch have rallied / not fallen and look solid at these levels even considering I believe the overall index has further to fall. A number of our members have asked what I would buy now especially as I may be wrong and markets could go higher as opposed to retracing some of the recent major gains. I have repeated, “be patient” recently with regard to buying stocks in general but if I was 100% in cash I would clearly consider one, or some of the below, just as I have.
Really bullish, there's more to go in the reflation rally
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