Morning Report Tuesday 6 October 2015
Well, a big positive night on US markets that will follow through to our market today. Flexibility and an open mind is paramount for successful investing / trading and this is one component we will focus on in our upcoming education courses. We had been looking for one final spike down in the US markets but didn’t get it although we did see it in our market. Our view last week was that our markets had bottomed thus our ‘buy the market’ trading alert on Friday, with any new low in the US a likely confirmation of a secondary buying opportunity.
Picking tops and bottoms is almost impossible thus our recent focus has been on constructing a portfolio of stocks with good trade location we believe will perform best as the market turns bullish; we believe we now have this in place. It is a shame we have missed a couple of individual stocks that had been of interest such as NST / RRL but our portfolio is very well placed to capture the best elements of the market’s move from bearish to bullish sentiment. We can now start looking a trading opportunities into Christmas, which Market Matters loves to do.
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