Viewpoint: Bullish
Last week we looked at gold in this section, today we’ve switched to its precious metals partner silver which initially surged higher through 2020 / 21 only to consolidate its significant gains over the last 9-12 months. In the text books this would be described as a bullish flag while it can hold above its mid-point around the $US21/oz area. Theoretically we could…
Bitcoins experienced another 13,000 point pullback over the last fortnight, we feel this is now providing traders with a decent risk / reward buying opportunity with stops below 52,000.
Nickel, like copper is a mainstay of the EV revolution, the lustrous metal has doubled in price post COVID – although over recent weeks its become a touch choppy we remain bullish looking for a break to fresh highs over the coming weeks / months.
“Dr Copper” as its often regarded as a leading indicator of future economic strength and the last 6-months of sideways consolidation again implies that investors are uncertain as to what comes next. The manner in which the base metal has ignored the uncertain tone from longer dated bond yields and the headwind of a rising $US suggests a healthy…
Australian bond yields have gone quiet in November after roaring higher through September and October. MM anticipates further consolidation before another look on the upside i.e. with the trend. However we feel that equities have largely accepted that interest rates are going higher and while there’s a little concern evident in the longer dated bonds that…
The story with US big tech is even more impressive as it breaks out to fresh highs yet again, the songs remained the same for the last few years and the way in which growth stocks managed to shrug off the major spikes by inflation around the globe surprised even the most bullish pundits, including ourselves i.e. the tech based NASDAQ plunged 23% back…
The broad based US S&P500 backed off marginally from its all-time high late on Friday but we see nothing to alarm us with regard to the markets health over the short-term i.e. equities have shrugged of a deluge of bad news through 2021 with an inflation spike the latest potential economic hand grenade, while the stock market can keep ignoring such…
No major change, we are bullish the ASX200 looking for fresh highs into 2022 but a close above 7480 in the coming weeks is required to signal to us that such a move is underway. Also we would be comfortable accumulating any dips over the coming weeks especially if it surprised many and reached the 7100 area, now only 4% away.
D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes. Its business operations consist of financial services, rental, and other activities. It has operations in 102 markets in 32 states across the United States. Its segments include homebuilding, Forestar, financial services, rental, and other. The Company’s homebuilding divisions are aggregated into six segments: Northwest, Southwest, South Central, South Central, East, and North. The Forestar segment is a residential lot development company with operations in 55 markets across 23 states. The financial services segment provides mortgage financing and title agency services to homebuyers. The rental segment consists of multi-family and single-family rental operations. The multi-family rental operations develop, construct, lease, and sell residential rental properties. Its other segment includes insurance-related operations.
Catapult Group International Ltd (Catapult) is an Australia-based company engaged in creating the platform of solutions for teams and athletes. The Company operates through three segments: Wearables, Video Analytics and New Products. The Wearables segment designs, develops and supplies wearable technology and analytic software to athletes and sports teams. The Video Analytics segment develops and provides digital and video analytic software solutions to elite sports teams. The New Products segment develops prosumer product and entry into the prosumer market. The Company offers various solutions, including wearable technology, video analysis, performance data and video, athlete management and content licensing. The Company provides live game data to support the National Rugby League (NRL) broadcast commitments through their partnership with Telstra.
