XJO Macro Concerns continue to plague the Market Down 16 The month of December saw a continuation of uncertainty primarily around macro International factors. Without any positive domestic stimulus, the market limped along, being buffeted by international factors, with the market never being able to surpass the close of 7th December, and on the 21st, closing on a two year low. A mild festive rally followed resulting in a close at 5651 with a loss of 16 points for the month. The potential expansion of the US/Sino trade war,
QRE is an ETF that follows the Australian Resources Sector, including such companies as BHP, RIO, WPL and S32 to name a few. Pro Trader likes the TA signals for QRE, as it’s about to break new highs and is presently marginally below the net asset value.
XJO Trade War worries continue Down 163 points for November The month of November initially supported by positive Chinese Trade data began strongly with a 114 point rally, however, this rally petered out, and in the process formed a double top around the 5940 level. Once again despite basically strong domestic data, the shadow of International issues, particularly surrounding a largely unsuccessful APEC & G20 meetings and continued US/ China Trade War concerns enveloped any domestic factors, resulting with a 272 point drop from the 13th of
“2 out Of 3 ain’t bad” Meat Loaf 1977 XJO Gripped by fear, the market fell 6% for the month of October. Down 407 points. The Australian market completely and totally succumbed to fear in the month of October. The October 5th US Treasury bond yield jump was the catalyst that precipitated the worst market performance since Aug 2015, declining 6%, and erasing its year-to-year date gains. Despite some strong economic and industry figures both domestically and abroad the market was overwhelmed by the two
“Only thing we have to fear, is fear itself” Franklin D Roosevelt 1932 XJO Divergence Continues Down 103 points for September The Australian market was very disappointing, starting the month with 7 consecutive down days, and hitting a low of 6103, with the S&P ASX200 DOWN 2.6% at one stage, before solidifying, and closing the month at 6207. Despite further Solid economic data such as a better than expected GDP, the market was unable to shake concerns about a potential International trade war. Fear for fear’s
Best Performance Since 2012 Gold Production 78,533 Ounces *Full yr Annual Report Profit Before Tax $31.3 m *Full yr Annual Report AISC : $ 1,002 Per Ounce *Full yr Annual Report Market Cap $118.9 m Issued 506.10 m P/E 4.9 Acquire up to.25c If you would like to discuss this report or take advantage of future opportunities, please call us on (08) 9202 3900
Looking into the future What the rest of the year may hold XJO Prepare for severe turbulance. Up 44 points for August The Australian market was up over 44 points for the month of August and again hit a succession of new highs for the decade throughout the month. However, it was a month of extreme volatility resulting in wild 142 point swings in the market. Such volatility often accompanies markets when reaching new highs, as the market psychologically adjusts to becoming comfortable with its new
Potential Gap Fillers! Since the gap down in June, SIG has been accumulating and testing the 0.50 level. Having broken through 0.50 it has now found support at this level with higher highs and higher lows. This chart is very similar to HSN and MOC, all of which are accumulating with the potential to fill the gap.
SLR as with many gold stocks has been continuing to strengthen their balance sheet over the last 12 months. The recent successful drilling program has been seen in the share price since April. Technical Analysis : Great OBV since the 9th of May, the recent volume suggests imminent breakout. Break out:.65c STOP LOSS: .58c Please call for more info regarding conceptual STOPS AND Profit Targets. If you would like to discuss this report or take advantage of future opportunities, please call us on (08) 9202 3900
Has Oil got us over a barrel? XJO Continued Uncertainty Up 103 for JULY The Australian market was up over 100 points for the month of July, and actually hitting a decade high in the first week. However, once again due to conflicting concerns around potential trade wars, and domestic issues such as ASIC launching Federal court action against AMP, and pending doom, surrounding the housing market the early rally was unable to be sustained, resulting in the market losing steam, and oscillating between