Shareswatch Australia

Australian stock market investing, ASX charts, analysis & market forecasts.

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While the Fed Parties, Gold & Oil Have Left the Building

June 18th, 2013 · J.W. Jones · 14 Comments

Risk assets and financial markets around the world have been supported by central bank action for several years. Performing financial alchemy on a scale larger than has been seen in the history of mankind, central banks have hijacked global financial markets. Mountains of liquidity, artificially low interest rates, and the creation of future asset bubbles has been their calling card for the past few years.

For the Australian stock market, moving sideways may be a good outcome.

June 10th, 2013 · Greg Atkinson · 12 Comments

Over the last few years I have written on several occasions about how the Australian stock market has essentially moved sideways and how I expected both the All Ordinaries Index and ASX S&P/ASX 200 to both bounce around between 4800 – 5200.  Even when the market bulls got excited recently as the 5200 level was briefly breached, I maintained my long held view that the market is trading in a recession like zone.

Precious Metals & Miners Start Bottoming Process

June 3rd, 2013 · Chris Vermeulen · 2 Comments

Precious metals and their related mining stocks continue to underperform the broad market. This year’s heavy volume breakdown below key support has many investors and trader’s spooked creating to a steady stream of selling pressure for gold and silver bullion and mining stocks. While the technical charts are telling me prices are trying to bottom we must be willing to wait for price to provide low risk entry points before getting involved. Precious metals are like any other investment in respect to trading and investing in them. There are times when you should be long, times to be in cash and times to be short (benefit from falling prices). Right now and for the last twelve months when looking at precious metals cash has been king.

The 2013 Federal Budget, the Australian Economy and Gold

May 20th, 2013 · Greg Atkinson · 83 Comments

For the last few years I have been warning that steps needed to be taken to prepare the Australian economy for when the commodities cycles would turn downwards. Back when I first started writing about this, it was almost considered treason to even suggest the mining boom may draw to a close. But these days even the RBA, Treasury and Wayne Swan are talking about the end of the commodities boom.

Commonwealth Bank and Rio Tinto – a shorter term trading strategy

May 10th, 2013 · Greg Atkinson · 5 Comments

At the moment there is so much confusion across the global markets that is makes me less reluctant to take long term positions. One day we see Chinese trade data which appears good, but there are questions about its reliability. Over in the U.S the economy appears to be improving, but what will happen when the Fed starts to wind back quantitative easing measures? Meanwhile in Japan, Abenomics is shaking up the markets and there is considerable pressure on leaders across the EU to ease up on austerity measures.

A mixed market outlook and long term investing

April 30th, 2013 · Greg Atkinson · 20 Comments

The Australian stock market has posted some good gains recently with the ASX All Ordinaries Index and S&P/ASX 200 Index both closing above 5100 yesterday. Instead of the markets showing some weakness as I expected, they appear to be rallying even despite falls in commodities prices and warning signs that the Chinese economy may start to slow again. This makes it difficult to get a feel for where the markets might be heading and economic stimulus measures in the United States, China and Japan complicate the outlook even further.

Tough times for Gold Prices, Mining Stocks & the ASX 200

April 18th, 2013 · Greg Atkinson · 36 Comments

It has been quite a week with investors needing to digest the slump in gold prices and also the weakening of commodity prices as well.  Although I have been warning about both a gold and commodities bubble for some time,  I have to admit I didn’t expect the gold price to fall back quite this much, this early.

ASX Charts Review: S&P/ASX 200, All Ords Index, CBA, GOLD & TLS

April 8th, 2013 · Greg Atkinson · 37 Comments

The Australian stock market appears poised to head lower this week and there are signs that the rally which started in the middle of 2012, is turning into a decent sized correction. Over the next week or so the key areas to watch will be the mining stocks, banking stocks and gold prices. But already if we look at some charts in these areas we can see a trend developing.

Gold versus S&P 500 – Where is the Value?

March 30th, 2013 · J.W. Jones · 30 Comments

This past week we received the final 4th Quarter GDP number which came in at 0.39%. The total 4th Quarter growth was terrible, plain and simple. Based on the performance in the equity markets that we have seen thus far in the 1st Quarter of 2013 investors would expect strong GDP growth. However, the only thing spurring stock market growth is the constant humming of Ben Bernanke’s printing press.

What could be the next move for the ASX All Ordinaries Index?

March 27th, 2013 · Greg Atkinson · 12 Comments

Since mid last year, the Australian stock market has staged a fairly impressive rally with the ASX All Ordinaries Index moving from a decidedly bearish level of down near 4000 to a bull market level of just under 5200 points. But of late the market has slipped back which will worry some investors, while others see this a simply a pause before the rally upwards continues.

The Australian economy: Are the charts half full or half empty?

March 15th, 2013 · Greg Atkinson · 26 Comments

According to data released the other day, the Australian economy created around 70,000 positions recently which apparently is very good according to most economists. This is despite the fact that most of the jobs were part-time roles and I saw no breakdown regarding what type of jobs were created. That doesn’t seem to matter, once the media and assorted experts say it’s time to cheer then we are suppose to cheer.

A quick look at 52 week high and low stock prices: March 2013

March 6th, 2013 · Greg Atkinson · 5 Comments

Since mid 2012 the Australian stock market has been on a roll with the ASX All Ords & S&P/ASX 200 both closing today above 5100 points as the bull market continues. When I last looked at a few 52 week high and low stock prices the All Ords/ASX 200 were around 4300 so not surprisingly most stocks are now trading much higher and investors generally should be a happier lot than they were back then. However some stocks have actually fared relatively poorly since October 2011 and this may help us understand what might be moving the stock market at the moment.

Stockwatch: WorleyParsons Ltd (WOR)

February 25th, 2013 · David Dittman · 1 Comment

WorleyParsons Ltd (ASX: WOR), in line with a recent theme, announced–on the same day it revealed results for the first half of fiscal 2013–a new contract award, this one to provide engineering services at the Fort Hills oil sands project. The work, which will begin immediately, will generate AUD140 million of revenue for WorleyParsons. Fort Hills is jointly owned by Suncor Energy Inc (TSX: SU, NYSE: SU), Total SA (France: FP, NYSE: TOT) and Teck Resources Ltd (TSX: TCK/B, NYSE: TCK).

Gold and Silver Prices nearing Long Term Support

February 22nd, 2013 · Chris Vermeulen · 23 Comments

Gold and silver along with their related miners have been under a lot of selling pressure the last few months. Prices have fallen far enough to make most traders and investors start to panic and close out their long term positions which is a bullish signal in my opinion. My trading tactic for both swing trading and day trading thrive on entering and exiting positions when panic trading hits an investment. General rule of thumb is to buy when others are extremely fearful and cannot hold on to a losing position any longer. When they are selling I am usually slowly accumulating a long position.

The ASX All Ordinaries March Towards 5000 – Been There, Done That

February 12th, 2013 · Greg Atkinson · 12 Comments

Recently every move upwards the stock market takes, no matter how slight, is greeted with almost ecstatic cries of joy from many analysts, finance journalists and assorted market watchers. It’s as if the ASX All Ordinaries was heading towards a new high and investors were being showered with money in the midst of a raging bull market that had no limits. Certainly there have been good returns of late for those investors who timed their entry into market almost perfectly, but for longer term investors it’s more of case of here we go again.

Japan’s leaders must see the need for sustaining a fiscal Big Bang

February 1st, 2013 · Gregory Clark · 4 Comments

With Japan’s stock market surging even before Prime Minister Shinzo Abe unveiled his plans for economic stimulus, we would have expected the usual anti-stimulus critics to be silent, at least for a while. But no. Already we hear the usual complaints — more printing of money, more public debt, more baramake (waste) and so on.

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