Shareswatch Australia

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

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Entries Tagged as 'resources'

Key ASX 200 Sector Indices and the Baltic Dry Index

December 22nd, 2015 · 6 Comments

This year it looks like that at best, the Australian stock market will end at around the same level where it finished in 2014. This is certainly a surprise for those who were getting excited back when the ASX 200 was repeatedly testing 6000 during March – May. The major drags on the market have been China and commodities, both of which I have flagged as major risks for a few years.

The ASX 200 – A Longer Term Perspective

November 19th, 2015 · 23 Comments

As I have written before, it’s important during a stock market correction not to get influenced by sensational articles in the news media about market crashes and comparisons to past market slumps going all the way back to the 1920’s which are after all, basically irrelevant. The only thing that really concerns investors now is what will happen to the Australia stock market going forward, and the most likely outcome is that over the longer term it will trend upwards.

ASX Blue Chip Stocks – A Time to Buy?

October 1st, 2015 · 4 Comments

There comes a point during any major stock market correction when many investors (myself included) think about buying into leading companies whose shares have fallen during the stock market sell-off. The theory is that blue-chip stocks offer good value around the bottom of a market correction and that they will provide a healthy return to investors who are patient enough to wait for the stock market to recover.

U.S. Market: Money Will Rotate Into These Dead Investments

March 3rd, 2015 · No Comments

Seasoned investors understand that investments which are rocketing to new highs and all over the news will eventually fall out of favor and become a the poor performer, unwanted by market participants.  So it only makes sense that the underperforming investments will some day come back to life and provide opportunity once again. I covered this unique stage analysis in great detail in another report linked below.

2014 ASX Stock Market Charts Review

January 7th, 2015 · 4 Comments

Overall the Australian stock market ended 2014 basically where it started which taking into account the slide in commodities prices, was actually a good outcome. However if we scratch under the surface a little and look beyond the S&P/ASX All Ordinaries Index (All Ords) we can see why the market held ground in 2014 and perhaps gain an insight to what may happen in 2015.

A Drifting Economy and a Stock Market Correction

September 23rd, 2014 · 6 Comments

Currently the Australian stock market is in the midst of a correction along with markets in Europe, Asia and the U.S.  How much longer this correction will last nobody can say for sure but for the Australian economy and stock market the signs are not good. Meanwhile it’s becoming clearer that the Chinese economy is struggling to maintain growth of around 7.5% and it may be that the era of stellar GDP growth in China is coming to an end.

ASX Market Indices Charts Review: XJO, XMM, XFJ, XNJ & XGD

March 19th, 2014 · 21 Comments

Over the last few months the Australian stock market has moved without any real conviction and appears to have settled within a range between 5100 and 5450. There has been no clear breakout towards 6000 nor has a major correction taken the market down to what I would describe as a buying range.  At this stage it appears difficult to spot any clear trend by looking at the ASX All Ords Index and/or S&P/ASX 200 so I will go one level lower, and look at some key sector ASX Market Indices.

Short Term ASX Market Outlook & Trading Strategy Update

February 24th, 2014 · 6 Comments

Over the last couple of weeks the Australian stock market has been on the rise with the ASX All Ordinaries & S&P/ASX 200 heading towards 5500. As a result there is now much talk about a bull market and of investors chasing yield which for me, is simply background noise. What I am really interested in is trying to understand if the market is set to keep rising or if it’s time to adopt a defensive strategy for the time being.

2013 ASX Stock Market Charts Review

January 13th, 2014 · 5 Comments

By the end of 2013 the ASX All Ordinaries Index (XAO) & S&P/ASX 200 Index (XJO) both gained around 15% which was a healthy above average annual gain with the long term return for stocks being around 10%. But we need to keep the 2013 gains in perspective and not get carried away by some of the media hype and excitable comments being made by fund managers & analysts etc.

The Shareswatch Random Stocks Portfolio: November 2013

November 12th, 2013 · 9 Comments

A lot has happened since the last review of the Shareswatch Random Stocks Portfolio in January with the S&P/ASX having risen from just under 4800 to around 5400. That’s a gain of about 12% so it would not be unreasonable to expect the portfolio to have also posted a good gain over the same period.

‘Happy go lucky’ Australia now adrift in Asia

August 23rd, 2013 · 3 Comments

Australians used to call themselves “the lucky country,” after the title of a 1960s’ best-seller saying how farming wealth had allowed Australia to create a stable, prosperous and fairly egalitarian society.  But today’s minerals wealth seems to have worked in reverse, to create a nation prone to quick fixes, whimsical political changes, flip-flop foreign policies and crazy economic strategies. From the sober lucky country we move to the feckless happy-go-lucky country.

Stockwatch: WorleyParsons Ltd (WOR)

February 25th, 2013 · 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).

ASX All Ordinaries Index – review of 5, 10 and 25 year charts

October 17th, 2012 · 2 Comments

The Australian stock market closed up again today with the ASX All Ordinaries Index finishing at 4550.90 points – a rise of 0.82% for the day.  The last couple of months have been generally kind to Australian stocks but we need to keep this recent stock market movement in perspective.

Australian Health Care is in the Pink

October 11th, 2012 · 3 Comments

In the last 12 months, shares of the Australian S&P/ASX 300 healthcare index (comprising 22 companies) have risen faster than their counterparts in the industrials and energy sectors. While this is in part caused by the downturn in the commodity markets as the world grapples with the European debt crisis and a slowdown in China, the healthcare group, notoriously a defensive sector, has also shown resilience despite challenging market conditions.

There’s Still Money to Be Made in Australian Resources

September 25th, 2012 · 2 Comments

The apparent end of the biggest resource boom in a century in Australia, occasionally called China’s commodity quarry, has drawn downbeat forecasts from politicians and analysts, but there are some indications that signal all is not over for the lucky country.

ASX All Ords, GMI, BHP, NCM ,CBA, WBC & WOW Candlestick Charts.

July 18th, 2012 · 34 Comments

The Australian stock market has been as exciting to watch over the last month as a Julia Gillard speech.  Over a few days stocks grind out modest gains and then when bad news roll in, the gains are basically given up and the market slides back down again. But if we scratch under the surface and look at some candlestick charts these may help us understand what is driving this type of share market trading.

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