Investors who seek ordinary returns should act in line with the average investor, sticking to market consensus. However, those looking for extraordinary portfolio performance must be prepared to act against flow. In my view, yesterday’s dramatic falls in the price of major global mining groups are offering an opportunity, in the words of Ben Graham […]
Today’s video looks at a stirling aussie dollar setup that could come into play if recent weak China data turns out to be no more than a blip related to the timing of the New Year holiday.
Asia Pacific indices Australia 200 is starting to break down after completing a double top near 5,500 last week. RSI rollover suggests upward momentum weakening. A break of 5,400 would confirm a downturn with next support near 5,370 then 5,340. Japan 225 has dropped back to test 15,130 a Fibonacci level but RSI holding 50 […]
The weekend news of a big miss on China’s exports makes it likely that today’s credit growth figure and other Chinese data due on Thursday will be a key focus for markets this week. Today’s market update takes a look at support and resistance levels for the China A50 index
The market is currently valuing Facebook at about 56 times average earnings forecasts for 2014. With valuations like this, there is plenty of scope for a sharp correction if anything happens to change sentiment either for the stock itself or for the broader market.
Asia Pacific indices Australia 200 is testing 5,500 which could lead to a breakout or a double top. RSI drifting lower suggests upward momentum weakening. Next measured resistance if it manages a rally appears near 5,625 with initial support in a correction near 5,440 then 5,370. Japan 225 continues to rebound, rallying within a 15,130 […]
Don’t get me wrong – some of my best friends are European. But I may be a little economically prejudiced against them. Their labour markets are rigid, inefficient and too costly. Their social safety nets are in some cases absurdly extravagant. The growth outlook is poor, and they have no mechanism for adjusting for the […]
The December quarter GDP figures contained news that the Australian Household saving ratio fell below 10% for the first time since 2010. A falling savings rate can provide a turbo boost to spending in the early stages of a recovery, helping spending growth to outpace income growth. Yesterday’s 1.2% increase in January retail sales followed […]
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