Snapshot on the Australian economy – Decision on interest rates.
Keeping a record of recent economic statistics on major economies is a simple technique that I have found really useful as a trader and investor. It has 2 benefits. Firsty, it allows me to look at...
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Australia 200 – where do we stand now?
Assessing a market’s overall trend and momentum and using this to guide your strategy is a regular theme for our blog. Now that the index has fallen about 10% since mid-May high, I’ve outlined my...
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Trader alert – oil break-out
West Texas light crude oil has broken through it’s previous key resistance around U$100: There are fundamental drivers on both sides of the demand/supply balance. PMI’s in Europe and the US are...
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BHP in the buy zone
The world’s largest listed mining company, BHP Billiton, is under pressure. Fears about China, fears about stimulus withdrawal, fears about commodity prices, are driving the share price towards a key...
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Today’s RBA speech
Today’s speech by RBA Governor Glenn Stevens contained a table showing long term trends in the contribution to Australia’s GDP growth. I’ve included the table in a post today because I think it gives a...
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Iron Ore and Chicken Little
One day Chicken Little was walking in the woods when — KERPLUNK — an acorn fell on her head. “Oh my goodness!” said Chicken Little. “The sky is falling! I must go and tell the king.” The Chicken...
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Fortescue Metals – positioning for a short term rally
I’m not planning to turn the blog into a nursery rhyme. But looking at charts this morning, I thought the acorn Mike noticed falling on Chicken Little’s head yesterday also has a chance of turning into...
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Banking on a panic
Major bank shares were smashed yesterday on reports of a pending government announcement of a deposit insurance levy. Given the 50% plus rally in share prices since mid-2012, is this simply a short...
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Fortescue’s Impeccable Timing
If you’re an iron ore producer, announcing a good profit performance on the day that strong data from China is released is as happy as circumstances get. Hello, Fortescue Metals Group Ltd (FMG)....
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CSL Looks Well
CSL ticked the boxes yesterday with a solid profit result, an outlook for 12% profit growth and news that it may add $950m to its share buyback program The stock finished up 2.6% but the news was not...
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