Author: james Carter
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.
The ASX200 was sold off early in the session, as low as -25 points, only to recover throughout the afternoon to close +11 points at 5,420 points, despite news reports that Australia may lose its AAA credit rating from the S&P.
The gaming industry has encountered some significant headwinds over recent weeks, five of which are noted below:
The ASX200 was sold off today as global de-risking continues and a sea of red covers our screens.
Iron trades close to 2 year lows on China concerns, should be run or buy?
** Please note we are in a presentation interstate this afternoon. Watch out for the Hickman Report this Sunday**
**I am currently interstate, please watch out for the weekend Hickman Report on Sunday**
The ASX200 closed +14 points higher, with investors continuing to sit on the sidelines due to indecision as to the direction of this market.
Traders / Hedge Funds creating opportunities for investors in FMG & BOQ
The ASX200 had another strong day led by heavyweights BHP Billiton (BHP) and Commonwealth Bank (CBA), although closed down -2 points at 5,496 as a result of National Australia Bank (NAB), Macquarie Group (MQG) and Westpac Bank (WBC) all going ex-dividend, an equivalent to a -20 point reduction in the index.
Really bullish, there's more to go in the reflation rally
Please enter your login details
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
