BHP’s $40 barrier
For decades BHP has been the “big Australian” being the country’s largest market capitalised stock. But every now and then it gets knocked off its perch as it has been in the past by Telstra and currently by CBA. BHP is currently capitalised at A$121.4 billion on the ASX compared to CBA clocking in at […]
ASX200 Analysis
Friday 8th August’s fall of 74 points took the ASX200 back to a level that it was at some 9½ months ago. One could argue that the Australian bourse has marked time over this period. However no market marks time, it is always moving and in so doing provides invaluable information that provides clues on […]
CSL – time to lighten, or even sell
CSL Limited (ASX:CSL) is a $31.7 billion market capitalised company and is an ASX20 Index constituent. In fact, it is the 10th largest listed company in Australia by market cap and is the country’s largest listed Health stock and therefore would be a key holding in many managed funds and SMSF’s. From September 2011 to […]
Worley Parsons back from exhaustion?
Worley Parsons (WOR) is a $4.5 billion market capitalised constituent of the ASX50 Index whose share price has been in a down trend for over three years. There are a number of technical patterns and events that have occurred over the last seven to eight months that are signalling a high probability set up for […]
NYSE Composite Index breaks out
An index that I have been keeping a close eye on for over a year now is the NYSE Composite Index. This index is one of the major indices in the United States but seldom gets quoted on the airwaves. It should. And once one understands why, maybe others will take a bit more notice […]
A$ continues to show strength
Since 28th May the Australian dollar (AUD) has continued to strengthen, rising from 92 cents to 94 cents. These two price zones represent important support and resistance areas and provide an insight into where the AUD might be headed in the short to medium term. There are many variables that drive the AUD and trying […]
S&P500 reaches another all-time high
With plenty of ‘guessing’ happening amongst the financial world’s commentariats on where the US equities markets may be headed, we will join the banter with a yet another view. I use the word ‘guessing’ to laager those that predict market directions. As such I preface this article by stating that the analysis below is not […]
The little Aussie performer
I haven’t seen the term “little Aussie battler” used for some time when referring to the Australian dollar so let’s give it another name, the “little Aussie performer”, well at least for the time being. Despite the majority of the nation, including the Reserve Bank, doing their utmost to will the AUD down against the […]
How far can the Dow Jones go? Part 2
Following on from my previous blog, in the discussion with my fellow golfing member I told him that the great majority of investors in Australia are NOT active in the share market at the moment. Retail investor activity in the stock market is at multi-decade lows and retail investor sentiment towards shares is at the […]
How far can the Dow Jones go?
Recently I was asked by a fellow member at my golf club what the next 10 years might hold in store for an investor with a 10-year investing horizon. While the round of golf progressed we discussed this big-picture question and his quizzing helped me express a view that I probably wouldn’t have come up […]