Viewpoint: Bullish
Remain open minded has been one of our catchphrases this year and we believe it definitely will apply again through 2022, not many pundits picked the ASX200’s best 10 stocks of 2021:
Copper is arguably a perfect reflection of how financial markets are feeling towards the Omicron strain:
No change, US stocks were again mixed overnight after recent strong sessions, we see no reason at this stage to doubt the bullish uptrend with a test of the psychological 4800 area feeling likely i.e. only 2-3% higher.
QBE has traded sideways for the last 4-5 months and this is one holding we are definitely planning to sell into a “pop” above $13, let’s hope this is not a case of the best laid plans not coming to fruition – for the curious our ideal target remains around $13.50.
As subscribers know the Energy Sector has endured a woeful time post COVID considering the crude oil price has more than doubled. We’re aware that the sector is very out of vogue at the moment as ESG investing gathers momentum but we remain bullish oil & natural gas into 2022 although the later has been absolutely caned since early October.
HUB has already corrected 25% from its late October high yet again illustrating perfectly that selling stocks when they “pop” to new highs in 2021 is regularly paying dividends – obviously there are exceptions but on this one the trend feels your friend. HUB is a relatively high Beta stock and if it squeezes towards $35 during a Christmas Rally we…
The ASX200 took a breather on Thursday after an explosive few days, the market ultimately closed down 0.3% after some late selling in the SPI futures dragged the index into the red but overall it felt like a nothing day with only 54% of stocks closing down. We saw some mixed news towards the Omicron variant but it really felt like investors…
This is the time to be focused on our portfolios as we can see some trends maturing fast into 2022 making us likely to be more active than usual across our portfolios in the coming months hence its important to be prepared and understand our rationale if / when we act. Today I have focused on our closely watched Flagship Growth Portfolio and…
European indices slipped lower overnight which is probably what the SPI is keying off this morning however we remain bullish the region with our current preferred scenario the EUROSTOXX 50 tests the 4500 area over the coming weeks which is around 7% higher – if this proves correct its great news for the highly correlated ASX.
US stocks were mixed overnight after recent strong sessions, we see no reason at this stage to doubt the bullish uptrend with a test of the psychological 4800 area felling likely i.e. only 2-3% higher.
