Entries Tagged as 'stocks'
Commonwealth Bank and Rio Tinto – a shorter term trading strategy
May 10th, 2013 · 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.
Tough times for Gold Prices, Mining Stocks & the ASX 200
April 18th, 2013 · 14 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 · 33 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 · 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 · 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.
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).
The ASX All Ordinaries March Towards 5000 – Been There, Done That
February 12th, 2013 · 11 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.
The Shareswatch Random Stocks Portfolio: January 2013
January 28th, 2013 · 9 Comments
Back in May 2012 when I last reviewed the performance of the Shareswatch Random Stocks Portfolio the S&P/ASX 200 (XJO) closed at 4165. On the 25th January the ASX 200 closed at 4835 which means the XJO has risen by around 13.85% since the last review. So it will be interesting (for me at least) to see how this randomly selected collection of stocks has been performing against this ASX 200 Index.
Signs that a Correction Maybe Near in the SPX, RUT & DJIA
January 24th, 2013 · 1 Comment
The great market prognosticators have by now came out with their 2013 predictions about financial markets. It seems to me to be a fool’s game to try to predict what financial markets are going to do in the future. I want to be clear in stating that I do not know what is going to happen in the future. I do not know where the S&P 500 Index is going to trade tomorrow let alone 6 months from now. Most market pundits simply will not admit to this fact.
BHP Billiton, Commonwealth Bank, & Telstra 2012 Charts Review
January 15th, 2013 · 2 Comments
Today I am going to review the 1 year performance of three ASX listed blue-chip stocks namely: the Commonwealth Bank of Australia (ASX:CBA) BHP Billiton (ASX:BHP) and Telstra Corporation (ASX:TLS) to get a feel for how these large companies within the S&P/ASX 200 Index fared during 2012. Does the performance of these stocks give us any indication of how the wider stock market may fare in 2013 and if so, are these stocks worth watching over the next 12 months?
Will the S&P/ASX 200 continue to rally in 2012?
December 17th, 2012 · 16 Comments
As we approach the end of the year, the annual topic of a “Santa Rally” rears its head and although I don’t believe Santa can rally stocks, I do wonder if the current upwards trend of the Australian stock market can be sustained for much longer. Will the S&P/ASX 200 finish 2012 on a high, or will slide back and finish well below 4500.
