Pro Trader: Monthly Reports

/Pro Trader: Monthly Reports

October 2019 Market Wrap

Protrader – October 2019 Market Wrap XJO down 25 Is the market ready to pounce?   October Stock Market Report   October began much like August with the market dropping over 250 points in the first three days settling at 6,492 on October the 3rd. However after the US/China trade talk anxiety passed, the market refocused on fundamentals, and with strong support from international commodities helping the resources sector with XMJ, XMM, & XJR Indices, all contributing to a solid 5 session rally from the 10th to

Protrader – September 2019 Market Wrap

  XJO Up 84 month of Consolidation   The month of September started on a negative footing and looked to to be challenging the 6500 level on the the 4th. However a combination of positive domestic economic data, an earnings season that had a few surprises, some better than expected Chinese manufacturing results and a hopeful, more positive tone from both countries regarding the US- China trade negotiations propelled the market to a rally from the 5th of September to the 23rd. The high

Protrader – August 2019 Market Wrap

XJO Down 225 Hope Springs Eternal   After hitting an all time high on the 30th of July, the XJO in line with international markets began the month of August in a state of Trump tweet induced panic, being belted the first four days of the month, and dropping 360 points with consecutive red days before recovering, moving into the middle of the month. Then things got worse, once again thanks to Trump’s tweets, combined with a bond yield curve inversion on the 15th the

July Stock Market Wrap 2019

Protrader – July 2019 Market Wrap

XJO Up 165 All-time high achieved   With little negative news on the domestic front, Australia’s market initially consolidated, upon the stellar 6 months, that has seen the market gain 21% since Dec 24th, and then as July went on, creeped up to reach new all time highs, beating the previous high set Nov 1st 2007. The two underlying issues of interest, are that even though Australian equities are conceptually expensive with an avg P/E of 16.3, this level is actually justified, with $12.5

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Protrader – June 2019 Market Wrap

XJO Up 223 All-time high within reach. Following from the volatility that we saw in May the XJO appeared to be repeating the pattern for the month of June, with the 3rd producing a 70 + point drop after China announced imports tumbled suggesting a weakening domestic economy. However, this appeared to be a turning point as bargain-hunting buying piled in, and with support from the mining sector with Iron Ore up 70% for the 18/19 yr, and gold reaching the highest level

Protrader – May 2019 Market Wrap

XJO Up 71. RISK ON ! May could only be described as a wild ride, with a low of 6201 being hit on the 14th of May, followed by the surprise election outcome which sparked a rally , resulting in the best single day (110 points) in 15 weeks, with that, the market reached an 11yr high of 6511 on the 22nd: levels not seen since Nov 2007. However apart from the election outcome, it would be fair to say that the domestic

Protrader – April 2019 Market Wrap

April saw the ASX200 rise by 151 points. Although there are some concerns hanging over the market, the lowest closing level was the first of the month, with a rally from the 8th of April reaching a high of 6388, before falling off the last two trading days of the month, to close at 6331. Unexpected positive Chinese data sparked a rally, helping the market to lift to a 6 month high, with BHP hitting their highest level since 2011. The

Protrader – March 2019 Market Wrap

XJO Taking a breath. UP 11 March was a month that saw the market take a deep breath and digest the recent rise so far this calendar year. An initial rally saw the market hit its highest level in 5 months, with the remainder of the month being very quiet, trading a fairly narrow band of 175 points, with a high 6270, and an intraday low of 6096 was hit on the 27th of March following US yield inversion, finally closing

Protrader – February 2019 Market Wrap

XJO Momentum building on confidence. UP 297   However, there are still clouds on the horizon, specifically related to the banking/ housing sector. This was evident by both bank reports with BEN (Bendigo & Adelaide Bank) reporting Net Impaired Assets had increased 26%, combined with Macroeconomic housing data, such as lending rates down 6.9%, and Melbourne housing prices falling at their fastest quarterly rate in history. It is important to understand, as can be seen by the chart below, although there are some serious concerns

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Protrader – January 2019 Market Wrap

Protrader – January 2019 Market Wrap XJO When fear subsides. UP 218     The new year brought with it renewed confidence, finally producing the first positive monthly gain for a while. The first trading day of the year turned out to be the worst day for the month of January, however once hitting a low of 5552, the market basically never looked back for the remainder of January, on Jan 25th, closing at the highest level since early November, and finally closing at 5864,