Archives: Questions And Answers

BHP US price / “Cautiously Bullish”

July 27th, 2024 by

Hi MM,

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WHC & PDN

July 27th, 2024 by

Hi James and team, as always thank you so much for your reports and insights, which are very valuable.

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Hi guys, can you give an update view on the Stoxx 50 please? I’m watching a lot of indexes get belted this week. Previously you had mentioned that you were more bullish for the Stoxx 50 (or I may been imagining that) and were targeting 5500 level. The long standing support has now been breached at 4800. 4750 is the 200EMA then 4550 looks like the next serious support level, also inline with a 50% Fib. From a more fundamental point of view, I thought the Olympics and French elections would’ve given a solid foundation.
Regards,
Simon

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Time to bet the farm on resources?

July 27th, 2024 by

Hi guys, thanks again for all the work which goes into running Market Matters.
Can you highlight a leveraged ETF which will be worth looking at. I’m just about ready to go all in on resources, anticipating that we are close to a low and a weak season approaching. Alternatively, can you convince me that there is a better option for the next six months to hopefully maximise profit.
Regards,
Simon