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  • Markets drive highers on stimulus news

    Our market will follow the strength of US markets, with our futures pointing to a resistance level around 5,300 index points. There is some resistance around this level, but if we do close higher today, we will be breaking the initial downtrend line that has formed since the start of the coronavirus selling. If weRead More
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  • Markets cheer on stimulus measures, but gains constrained

    Our own market loved the idea of the US stimulus and the Federal Reserve intervention, with rises in US futures helping our market to a very strong close yesterday. Our own economy will take a large hit from the virus and I personally don't believe that the measures our Government has taken to mitigate thisRead More
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  • Some positives that may come from COVID-19

    I don’t want to downplay the seriousness of the coronavirus know as COVID-19, nor suggest that the economic impact won’t be severe. However, there is plenty of negative and sensational media you can consume around the virus and instead, I choose to write about some of the positives. They say that conflict breeds innovation, thatRead More
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  • Fed to the rescue

    Our market will follow US markets higher today, with our futures pointing to a serious gain on open. Our rise will come in spite of a fairly unclear speech from Scott Morrison overnight, where he announced further shut-down measures. Technically, our market seemed to have bottomed out for now around 4,500 on Monday and nowRead More
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  • Fed offers hope to markets

    Our market looks set to open fairly flat this morning, after falling strongly yesterday. Our own stimulus measures are unlikely to excite our market and probably won’t do too much to stop the negative effects of the economy. Regardless, with US measures, particularly the pledge of direct funding from the Fed, our falls may stallRead More
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  • A new week, further falls

    Our XJO looks set to open lower today, with falls seen in the US and a negative close from our futures. Additionally, our XJO doesn't like to be one of the first markets of the world to react to the news of the weekend at the best of times; given the news cycle is currentlyRead More
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  • US markets trade fairly flat, Australia to open slightly higher

    Our XJO looks set to open slightly higher today, although with US futures dipping after their close, that is not a certainty. Our Government is set to announce a massive additional stimulus plan over the weekend and investors will be hoping that will act as a carrot to propel our market today. Technically our XJORead More
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  • US markets fall, but late rally gives investors hope

    Our XJO market should open lower today, with the index breaking just below the key 5,000 index point level on the close; the next key level is around 4,800-4,750. Unlike the US markets, we are yet to see the size of our movements slow and we have not seen the same stimulus response from ourRead More
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  • US to handout cheques, XJO to open flat

    Our own Government has announced they are considering further stimulus measures, and now that the US has announced likely direct payments to citizens, our own Government's ideological opposition to such measures may subside. Despite a strong US session overnight, it appears that this was preempted by our market - with the XJO enjoying strong gainsRead More
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  • One stock defying the market selldown

    With news that the COVID-19 virus has shut down more than 20,000 events worldwide, locked many people indoors, and caused a sell down in most commodity markets – it’s a near certainty that we will see recessionary economic growth levels for Q1 and Q2 2020. This is causing share prices to fall at a rateRead More
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  • US plunges, XJO to fall below 5,000

    Our XJO will follow US markets lower today, although our losses are unlikely to be quite as steep. Our own RBA is expected to cut Australia's cash rate down to zero soon (currently 0.5%) and many also expect that they will start some sort of quantitative easing program. Our XJO's next key level to theRead More
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  • US Fed Reserve cuts interest rates to near zero, restarts QE

    Our own XJO enjoyed an incredible rally late in our Friday session, with huge initial losses reversed into huge late gains. We will be one of the first markets to react to the news and events of the weekend and our market has historically chosen to react to such things cautiously. The lead from theRead More
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  • Pandemic declared, markets continue to fall

    Our own government announced stimulus overnight, totaling around $15Bn, which is largely comprised of tax and apprentice concessions for businesses, as well as some cash handouts for pension and Newstart recipients. Although stimulus was needed, the dollar amount and method of delivery are unlikely to give our market any confidence in the short-term. However, thereRead More
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  • Strong US gains after ‘tax holiday’ proposal, XJO to open higher

    Our XJO enjoyed a huge intra-day turn around yesterday, with our futures trading as low as 5,350 in the overnight session, before opening at 5,550. The market then enjoyed at huge intra-day rise to 5,930 - an effective rise of around 600 points in 18 hours. The next key level for our market is theRead More
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  • Some of the strongest selling ever seen kills record bull run

    We had a terrible day yesterday and it looks set to be repeated today. Our market is not moving overly technically at the moment, so it is hard to say where the selling will end, but we will most likely need to see some buying in US markets before we stabilise. Energy stocks were ourRead More
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  • US again closes substantially lower, Australia to follow

    Despite the falls overnight, US markets are still up a few percent since the start of the week - Our market however, has not enjoyed the recovery movements that US markets have experienced and we are still sitting roughly where we closed Friday. Technically we are sitting right at the resistance level around 6,400 -Read More
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  • US markets continue to recover, now up 6% this week, XJO to open higher

    Our market has not enjoyed the recovery movements that US markets have experienced this week. We closed at our lowest closing level in nine months yesterday, with our XJO closing twelve percent from its February highs. We will open significantly higher this morning after the continued rally in the US, and with our futures upRead More
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  • Is the coronavirus a threat to high corporate debt levels?

    Global corporations have enjoyed a strong decade of gains and earnings increases, in large part due to a huge accumulation of debt. In 2010, the debt of large US corporations sat at just over $6 trillion USD; now that number has risen above $10 trillion USD and when you add in the debt of small,Read More
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  • In an extraordinary session the Fed cut rates by 0.5%, the market tanked

    Our own central bank, the Reserve Bank of Australia (RBA) cut interest rates yesterday, which also wasn't enough to inspire buying in our market. In fact, we saw our XJO fall off its highs after the decision was announced, similarly to how US markets moved overnight. Despite this, our RBA is now expected to cutRead More
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  • Stimulus to cure coronavirus?

    Our own central bank, the Reserve Bank of Australia (RBA), will meet today to decide on interest rates. Previously March was considered a very unlikely month for the next rate cut, but the coronavirus related issues have made today's decision very much a live one. Technically, the XJO found some support all the way downRead More
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  • Selling continues, but slows

    Our XJO is unlikely to have the confidence to rise ahead of the US markets. The falls from the past past few days has pushed our index below the the 12-month uptrend line that has formed since February 2019. The market also closed a couple of points below the 200-day moving average. The next levelRead More
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  • Viral selling continues

    Our XJO fell to the 6,800 level before rising a fair degree yesterday. The market looks set to open around 6,700-6,750, at which a fair degree of support sits, as does the 12-month uptrend line that has formed since February 2019. With fear driven falls such as we are currently experiencing, it is hard toRead More
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  • Markets panic as virus spreads

    Our XJO fell straight to a support level around 6,980 yesterday - breaking through the short-term uptrend line that had formed since the start of the year. The XJO now looks set to continue falling, with the futures indicating a move back towards 6,800. I wouldn't be surprised to see a bit more selling, toRead More
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  • Markets falling due to coronavirus fears

    Technically, our XJO broke through the previous resistance around 7,150 to close at an all-time high last week. However, selling in overseas markets caused our market to reconsider its break to the upside and on Friday, we closed back below that level. The key level now to the downside is the short-term uptrend line thatRead More
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  • US market ticks lower from its highs, XJO to open flat

    Technically, the XJO has been stalling at its all-time high resistance around 7,150. If the XJO fails at this level, it will look to have formed a double-top pattern - after twice failing to break through the all-time high resistance. However, if the XJO breaks above 7,150 - the rally will look set to continue,Read More
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  • US markets close at fresh highs despite late pull-back, XJO to push higher

    Technically, the XJO has been stalling at its all-time high resistance around 7,150. If the XJO fails at this level, it will look to have formed a double-top pattern - after twice failing to break through the all-time high resistance. However, if the XJO breaks above 7,150 - the rally will look set to continue,Read More
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  • US markets fall on virus fears, but manage to claw back much of the losses

    Technically, the XJO stalled at its all-time high resistance around 7,150 late last week and has started to drift lower since. The XJO looks to have formed a double-top pattern after twice failing to break through the all-time high resistance. If the XJO continues to fall, it will have to break below the uptrend lineRead More
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  • US markets closed, XJO to open slightly lower

    The XJO has stalled at its all-time high resistance around 7,150 on each of the past few days. Indeed, yesterday our market appeared to reverse from this level somewhat. The XJO may be starting to form a double-top pattern, after failing to exceed the highs in mid-January. If the XJO continues to fall, it willRead More
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  • US markets stall at resistance, XJO to do similar

    The XJO reached its all-time high resistance around 7,150 on Thursday and Friday, before pulling back. Our market looks set to fall from this resistance level this morning but it will have to break below the uptrend line (which comes in around 7,075) before we could confirm a bearish double-top pattern. If the XJO doesRead More
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  • US markets pull back after Fed announces Repo cuts, XJO to start flat

    The XJO reached its all-time high resistance around 7,150 yesterday, before pulling back. Our market looks set to open fairly flat today, and if it falls from here, the technical pattern will be a double top - a bearish pattern indicating downwards movements. The XJO will have to break below the uptrend line (which comesRead More
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  • Fresh highs and gains seen around the world

    A strong rally from our market yesterday has our XJO index within striking distance of its all-time high resistance level of just under 7,150. Technically, we should see the XJO rise and test this level in the coming days. Should our market break 7,150 to the upside, we should see further gains for our XJO,Read More
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  • What virus?

    Last week the US stock markets enjoyed their strongest week since June 2019. That such a move could occur at the top of the range, at an all-time high, is quite remarkable. However, that such a move happened while a viral epidemic is having a demonstrable and negative effect on global economic activity is almostRead More
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  • Earnings in focus as XJO looks towards a flat open

    The XJO broke out of a pennant pattern with its rally yesterday, indicating that it should technically move back towards the recent highs around 7,150. Should the XJO rise through that resistance at 7,150 - we should see further gains for our XJO, but with no further levels of resistance, it is hard to sayRead More
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  • US markets recover from virus concerns, XJO to rise

    The XJO will open higher today after holding above the key 7,000 level yesterday. In addition to positive leads from the US markets, a historically weak Australian dollar will help to support our gains today. However, it may be hard for the XJO to progress higher from here, due to selling in global markets. IfRead More
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  • US markets stall on virus fears, XJO to open flat

    The Australian dollar fell to its lowest level in a decade, which is one of the reasons our futures are indicating strength this morning. The weaker the Australian dollar - the cheaper Australian shares are to foreign investors and therefore the more likely our market is to rise. Despite the falls seen overseas, the XJORead More
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  • Higher again for US markets, but gains subdued

    The XJO should open a little higher today and technically looks bullish towards the all-time highs around 7,150. However, given strength in the Australian dollar, our market has lagged global markets on the current move higher and if the global markets should turn around tonight, we may not reach our all-time high levels. Should theRead More
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  • What virus?

    The XJO looks set to break through some resistance and a short-term downtrend line around 7,000 today on the open. We did open above these levels yesterday, but some weakness throughout the session caused us to pull back. Should the XJO close above 7,000 - it is likely that we will continue back towards theRead More
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  • Will fears of the Wuhan Coronavirus continue to hamstring markets?

    Today the Chinese Government announced that the number of Wuhan coronavirus infections had passed 20,000 people. So far, the virus has killed 425 of these individuals, with this number now greater than the number of fatalities from the SARS virus in China. Despite this, markets are rallying higher today, following a rebound in US marketsRead More
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  • Markets stabilise, but aren’t out of the woods yet

    Our XJO looks set to open fairly flat today, with commodities likely to take a hit from declining prices. We will see an RBA announcement today and though they are unlikely to cut rates further just yet, any indication of further cuts will likely help our market higher. The XJO has now broken its shortRead More
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  • Markets catch a virus

    Our XJO looks set to open significantly lower today, despite a Chinese stimulus announcement and the possibility of a rate cut from the RBA tomorrow. Our XJO held 7,000 as support last week, but will slam through that level on open this morning. The short term uptrend has now broken and with the market likelyRead More
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  • US market reverses losses, XJO to open higher

    The XJO pulled back with most other markets yesterday, but the lows of the day didn't go past the lows of Monday, Tuesday, or Wednesday. Our market remains on both a longer term uptrend and a short-term accelerated uptrend. Our market will open higher with the US market reversing its losses, but it will haveRead More
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  • XJO to open lower, all eyes on unemployment

    It was a historic day for our XJO yesterday, with the index reaching an all-time high in spectacular fashion. All fears of weak economic fundamentals, poor earnings growth, and stretched valuations were cast aside as our market rose nearly a whole percent at the all-time high resistance. With the futures indicating a lower open today,Read More
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  • Markets sell overnight, XJO to open flat

    Our XJO reversed most of its selling late yesterday to close only slightly lower, our futures are slightly lower again, but with the Australian dollar falling overnight, do not be surprised to see our market rise today. The recent move higher stalled around the 7,100 level, which may act as resistance - so we willRead More
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  • Fresh highs, but pace of gains slowing

    Our XJO is also on an uptrend, with the current move higher seemingly stalling around the 7,100 level, which may act as resistance. The market managed to just reach another all-time high yesterday, but gains were certainly constrained. If we can breach 7,100 and close above, we may continue heading higher. However, if the indexRead More
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  • Markets keep on keeping on

    Our XJO is also on an extremely strong uptrend, with the move higher over the past fortnight about as steep as possible for the Australian market. Our XJO finished last week with another close at an all-time high. The XJO had no issue breaking through the 7,000 level and with no further levels to actRead More
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  • Markets just cannot be stopped

    Australian stocks continue to be led higher by strong US and global share price movements. Technically our XJO continued higher yesterday to close at another fresh all-time high. The XJO had no issue breaking through the 7,000 level yesterday and with no further levels to act as potential resistance, our XJO looks set to riseRead More
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  • US markets enjoy another record close, Australian market to open above 7,000

    Technically our XJO continued higher yesterday to close at a fresh all-time high and within striking distance of the milestone 7,000 level. The XJO is on a strong uptrend at the moment, and with no further levels to act as potential resistance, our XJO looks set to rise further. It is hard to say whereRead More
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  • Bushfires starting to affect ASX listings

    The effects of the current bushfire season have been terrible and widely felt. It comes as no surprise that some ASX listed companies have been hurt by this season’s particularly bad fires. Fashion retailer Mosaic brands (MOZ.ASX) released a trading update which stated that “sales through the second half of November and throughout December, aRead More
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  • US markets reach new heights, but pull back to flat after tariff update

    Technically our XJO broke higher yesterday, exceeding Friday's all-time high to reach a fresh record level. The XJO is on a strong uptrend at the moment, and with no further levels to act as potential resistance, our XJO looks set to rise further. It is hard to say where the current upwards move will stall,Read More
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  • US markets back to record levels, XJO to push higher

    The XJO looks set to recover some lost ground today, with the futures up nicely and the Australian dollar flat. A realistic target might be the all-time highest close of 6,929, set on Friday. If the XJO can break above 6,929, we would expect further upwards movement - perhaps even the nice round number ofRead More
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  • XJO to open lower as the US markets pause

    They say that the US sneezes, and we catch a cold, which looks to be the story today, with US markets closing down a small amount, and our XJO set to open nearly a percent lower. Our XJO set an all-time highest close of 6,929 on Friday, after breaking through resistance at 6,880. With theRead More
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  • US markets just can’t be stopped! Ours to tentatively follow

    Our market rose to resistance at 6,880 yesterday, but struggled at this level and closed below it. It seems like our index does want to push higher, but this resistance is a bit of a stumbling block. Recent gains in our XJO have been supported by a fall in the Australian dollar and a fallRead More
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  • Unstoppable markets shake off Iran worries

    Despite a huge fall in global futures markets and significant losses on our own share prices, our market managed to reverse most of the selling to close only slightly lower yesterday. This indicates that our XJO does indeed want to rise in the short-term, with gains being supported by a fall in the Australian dollarRead More
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  • XJO looking at a subdued open after weaker US session

    The XJO enjoyed a strong rally yesterday, rising consistently throughout the session. The XJO rose from a medium term uptrend line around 6,660 yesterday, which indicates that we should rise back towards the top of the range - resistance at 6,875. We look set for a fairly subdued start today, but the futures are pointingRead More
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  • Australian market to open lower, despite fresh US records

    Our XJO fell from the resistance level of 6,875 (the all-time high) yesterday, and despite strength overseas, it doesn't look like it has the momentum to set a fresh high just yet. If anything our XJO looks like it is showing some bearish signals off resistance, with a move back towards support looking realistic. IfRead More
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  • Australian market to open slightly lower, with US markets stalling

    Our XJO stalled at the resistance level of 6,875 (the all-time high) for the past few sessions and currently it doesn't look like it has the momentum to set a fresh high just yet. If the XJO does break higher from here, there are no previous levels of resistance so its hard to say whereRead More
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  • Australian market starting to look to all-time highs

    Our market made up for lost ground yesterday with the index going nuts and rising almost straight to our all-time high. To the upside, the resistance level is 6,875 (the all-time high) but given the strength in global markets at the moment, we may soon set another all-time high soon, perhaps as early as today.Read More
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  • Markets starting to (Christmas) rally?

    A strong Australian Dollar kept our market from enjoying some of the gains of global markets late last week, but with the AUD declining on Friday, we look set to make up some ground. Our XJO is trading in a shallow uptrend, recently rising off the trend line and some support around 6,630. To theRead More
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  • Markets jumped on news of a trade deal

    The strengthening of the Australian dollar helped our market lower yesterday. However, despite the AUD rising again, our market looks set to enjoy some of the strong gains that have helped global markets higher overnight. Our XJO is trading in a shallow uptrend, rising off the trend line and some support around 6,630 late lastRead More
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  • US market buoyant after Fed hold, XJO to open lower

    The XJO is expected to open lower today, with the Australian dollar rising against the US dollar overnight, which appears to have offset the positive leads from the US. Our XJO is trading in a shallow uptrend, rising off the trend line and some support around 6,630 late last week. The XJO is currently stalledRead More
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  • Markets quiet ahead of key fundamental events

    The XJO is trading in a shallow uptrend, rising off the trend line and some support around 6,630 late last week. The XJO seems to have stalled somewhat in the middle of the range yesterday, with overseas markets dipping a little. Our market looks set to open fairly flat this morning, but I wouldn't beRead More
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  • US markets tick lower, Australia to follow

    The XJO is trading in a shallow uptrend, rising off the trend line and some support around 6,630 late last week. The XJO seemed to stall somewhat in the middle of the range yesterday, as futures overseas dipped a little. With global markets ticking lower overnight, our market is also set to open a bitRead More
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  • Australian market to bounce back on open

    Our XJO fell again yesterday, coming back towards the medium term uptrend line. With today's expected higher open, the XJO looks set to trade back inside the range of the past few months. To the upside, there are resistance levels around 6,775 and 6,875 after that. To the downside, if the medium term uptrend breaksRead More
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  • Another significant drop expected for the Australian market

    Our market has been shaken by the latest moves from Trump. Technically the XJO fell back towards potential support around 6,700. Today we should see the XJO break through this level and head back to the key supports around 6,630-6,650; if those go, the next target to the downside would be some support at 6,500.Read More
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  • Big falls expected on open for Australian market

    Technically the XJO has been stalling around potential resistance of 6,875, which is the all-time highest level for the market. The market looks set to fall today to test the previous resistance around 6,775, which may act as support. If the XJO can break back below 6,775, we should see the XJO head back toRead More
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  • Australian market set to start summer fairly flat

    Technically the XJO stalled at the resistance of 6,875 on Friday, which is the all-time highest level for the market. The market saw a bit of selling on Friday, but it wasn't enough to send the market to the recent support levels. The next resistance for the market would likely be 6,875 - and ifRead More
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  • XJO to head higher again on open despite weak leads

    The XJO has now had five extremely bullish days in a row, closing at a new all-time highest close at the end of trading yesterday. The market looks set to open higher again today, despite negativity overseas. However, after a series of bullish moves like this, some pullback could be expected. The next resistance forRead More
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  • Death threats – Is this the wildest AGM in ASX history

    Each year ASX listed companies will host an annual general meeting (or AGM) to keep shareholders informed of corporate activities and to allow shareholders to vote on certain aspects of the company. It is also an opportunity for investors to ask questions of the board and management team, and for the board and management toRead More
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  • Australian market set to open higher on cautious optimism

    The XJO fell back to support around 6,630-6,650, which is also where the 100-day moving average sits before bouncing on Friday. The index bounced off an uptrend line as well, and with the market opening higher today we look set to rise back towards recent highs. We would expect to see the XJO rise towardsRead More
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  • US market lower again, Australia to open higher

    The XJO broke a short-term uptrend line yesterday and fell back to support around 6,630-6,650, which is also where the 100-day moving average sits; there is also a potential longer-term uptrend line coming in at this level, which will be confirmed if we rise today. Should the XJO break below the supports at this level,Read More
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  • US markets tick lower on trade uncertainty

    The XJO fell back towards a short-term uptrend line yesterday after breaking through a resistance level the day before. Should the uptrend line hold, we would expect to see the XJO continue higher towards the all-time high level at 6,875, which is the next key resistance level. If we break below the short-term uptrend line,Read More
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  • XJO to pull back after US closes lower

    The XJO pushed through potential resistance at the 6,750 - 6,775 level, after toying with this level for a few days. We should now see the XJO continue higher towards the all-time high level at 6,875, which is the next key resistance level. If we rise above 6,875 we will be in blue-sky territory withRead More
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  • Small Cap Watch – Specialty Metals International (SEI)

    Small miners, like most small-cap stocks, trade based on the announcement of milestones; Discovery of promising exploration sites, proving of reserves, and completing feasibility studies. However, usually the biggest jump in a small miner’s share price is when they announce the start of resource production. This is a milestone that many small miners don’t reach,Read More
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  • XJO set to open flat after another US record

    The XJO has been toying with potential resistance at the 6,750 - 6,775 level, after breaking the level on Friday. If the XJO can break this resistance convincingly, we should eventually see the XJO continue higher towards the all-time high level at 6,875, which should be the next resistance. If we fall through 6,750, theRead More
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  • XJO to open flat after strong Friday in US

    The Australian SPI futures closed 3 points lower, indicating the market is likely to open lower. On Friday the XJO closed above potential resistance at the 6,750 - 6,775 level, which should see the XJO continue higher towards the all-time high level at 6,875, which should be the next resistance. However, with the futures downRead More
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  • The key investment ratios and strategies to consider

    With a trading outlook focused on the short-term price movements of an asset, technical analysis is undoubtedly the greatest tool in a trader’s arsenal. However, there are certain prices from time to time that do not sufficiently reflect the financial position of a company, despite what technical factors may be displaying. We sometimes look toRead More
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  • XJO to open slightly higher after quiet US session

    Technically, the XJO closed above potential resistance around 6,750 yesterday, but was unable to exceed the highs of September at 6,775 - if XJO rises through this level, we would expect it to head to the all-time highest close at 6,851. To the downside, there is support and the 100 and 50-day moving averages atRead More
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  • Strong US set to drag XJO higher again

    The Australian SPI futures closed 27 points higher, indicating the market is likely to open higher. Technically, the XJO has been tracking between resistance around 6,750 and the support of the 100 and 50 day moving averages around 6,630 - The XJO looks set to open up around the 6,750 resistance level again today, afterRead More
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  • Another US high, another higher open for the XJO

    Technically, the XJO has been tracking between resistance around 6,750 and the support of the 100 and 50 day moving averages around 6,630 - The XJO looks set to open up around the 6,750 resistance level today, and If the XJO can close above it, we would expect it to head to the all-time highestRead More
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  • XJO to open higher after Aussie dollar falls

    Technically, the XJO has been tracking between resistance around 6,750 and the support of the 100 and 50 day moving averages around 6,630 - If the support breaks, the next target to the downside after that would be a more gradual, longer-term uptrend line around 6,550. If the XJO can close above 6,750, we wouldRead More
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  • XJO to open flat after uneventful US session

    Technically, the XJO has struggled and failed to close above the 6,700 level for the past few days, despite extremely strong moves in the US market. This can likely be put down to weak reporting from ANZ and WBC, as well as declining iron ore prices. The next resistance to the upside is 6,750 andRead More
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  • XJO to follow US higher again

    Technically, the XJO rose off some support around 6,600-6,630 which is also where the 50 and 100-day moving averages sit. With the futures up strongly today, I imagine we will head back towards the recent resistance around 6,751. If the XJO can rise and close above this resistance - the all-time highest close at 6,851Read More
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  • XJO to open lower following US turmoil

    Technically, the XJO has fallen for the past two days, and broken the short-term uptrend line, formed over the past month. There is some support around 6,600-6,630 which would be the next target for the market, there is also the 50 and 100-day moving averages around 6,630 which may help the index find support atRead More
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  • XJO to open higher after Fed rate cut

    Technically, the XJO stalled at the resistance around 6,750 before falling strongly to a short-term uptrend line yesterday. The uptrend line, formed over the past month is where the XJO stalled, and could act as support today. If the XJO breaks below the short-term uptrend line, there is support at 6,600- 6,630; the next targetRead More
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  • Despite beating estimates, US earnings season raises plenty of concerns

    If the current rate is sustained, around 77 percent of S&P 500 companies will exceed their earnings estimates in the current earnings season, the second best ‘beat rate’ of a quarterly earnings season in the past six years. Whilst this number seems fantastic, it continues a trend of insincere executives and sympathetic analysts lowering guidanceRead More
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  • XJO to open lower as trade deal looks less certain

    Technically, the XJO has stalled at the resistance around 6,750 for two days in a row, falling back below the level despite opening above it on both Monday and Tuesday. Today the XJO should open lower, and it continues to fall, it should head to a short-term uptrend line formed over the past month. IfRead More
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  • XJO to open higher again as US markets push into fresh all-time highs

    Technically, the XJO stalled at some resistance around 6,750 yesterday, falling back below the level despite opening above it. If the XJO can rise through 6,750 - the all-time highest close at 6,851 would be the target. The XJO is rising on a short-term uptrend line, if the XJO breaks through the short-term uptrend line,Read More
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  • XJO to rise as US markets reach all-time highs

    Technically, the XJO is trading in a pennant pattern, between a downtrend line that comes in around 6,750 (where there is also some resistance), and a short-term uptrend line that comes in around 6,650. The futures should push us above the 6,750 level on open today, so keep an eye on whether it holds aboveRead More
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  • XJO to jump on open despite soft leads

    The XJO should open substantially higher after a strong futures close overnight, which could potentially be put down to a strong drop in the Australian dollar. Technically, the XJO is trading in a pennant pattern, between a downtrend line that comes in around 6,750 (where there is also some resistance), and a short-term uptrend lineRead More
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  • XJO to push higher after stable US session

    Technically, the XJO is trading in a pennant pattern, between a downtrend line that comes in around 6,750 (where there is also some resistance), and a short-term uptrend line that comes in around 6,650. The XJO has tested and held the short-term uptrend line many times this week, and appears content to head to theRead More
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  • XJO to open a little lower after volatile US session

    Technically, the XJO is trading in a pennant pattern, between a downtrend line that comes in around 6,750 (where there is also some resistance), and a short-term uptrend line that comes in around 6,650. On Monday, the XJO seemed to have found some support and the 50 and 100 day moving averages around 6,630 -Read More
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  • A look at upcoming bank reporting

    Last week we saw an earnings report from Bank of Queensland, the first of the domestic banks to report earnings in the October/November period. The report was largely in-line with analysts’ expectations, but the stock fell on the day and has continued lower since then. Perhaps the market was optimistic that results would surprise toRead More
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  • XJO to rebound after Trump’s soothing words on trade

    Technically, the XJO has fallen from the top of its pennant pattern, before showing a reversal yesterday. The XJO seems to have found some support at the 50 and 100 day moving averages around 6,630 - 6,600. If the XJO continues to rise from here, there is the downtrend line that may act as resistanceRead More
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  • XJO set to open the week a little lower

    Technically, the XJO has fallen from the top of its pennant pattern over the past two days. The XJO has fallen back towards some potential support and the 50 and 100 day moving averages around 6,630 - 6,600. If those levels break, the next target to the downside would be the gradual uptrend line aroundRead More
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  • XJO to open slightly lower after Brexit let down

    Technically, the XJO fell from the top of its pennant pattern yesterday after unemployment numbers decreased the bets on further RBA rate cuts. The numbers showed a drop in the unemployment rate, but this wasn't as good as it first seemed - because there were less jobs created than expected, and unemployment only fell dueRead More
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  • Why gold still has its shine

    There are very little major shares on the ASX/S&P 200 (XJO) that still meet a dictionary definition of good value. Most shares are mathematically overpriced compared to historical averages by significant margins. Whilst there is plenty of cash flowing in the investing world, and investors are looking for somewhere to put cash, there is stillRead More
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  • IPO Focus : Latitude Financial Group

    Plenty of market excitement has been spent around the likes of Afterpay Touch, and Zip Money over the past 24 months. The digital installment purchase and payment services are enjoying some serious momentum after seeing some explosive growth in users, both in retail partners, and end-use customers. While both of these stocks could enjoy aRead More
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  • Small Cap in focus: Gale Pacific (ASX: GAP)

    Australians are inherently familiar with shade cloth: the technical fabric covers our playgrounds, carparks, and other public spaces; increasingly it is also covering our balconies, patios, and private residential spaces as well. Shade cloth also enjoys popularity in parts of the Middle East, where the intensity of the sun makes direct exposure unpleasant. Despite theRead More
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  • Small Cap in focus: National Tyre and Wheel (ASX: NTD)

    Sometimes a great small stock goes a bit unnoticed from the investment community. It might be because they don’t have the analyst coverage, or perhaps because the nature of the business is relatively boring. Whatever the reason, it doesn’t mean that the business is a bad investment. Quite the contrary, the lack of interest canRead More
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  • Looking for value in the Small Cap space

    There was a bit of a storm kicked up in the investment community recently when Michael Burry, an investor profiled in the Michael Lewis book (and subsequent film) The Big Short. Mr. Burry was famous for his bets on the American sub-prime mortgage market in anticipation of the Global Financial crisis. This time he made anotherRead More
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  • Trade War cycles on

    The ongoing economic dispute between the US and China, referred to by the media as the ‘Trade War’ appears to be continuing as it has done for 2019, with no true end in sight. The cyclical movements in markets and also the news media regarding the Trade War is now practically predictable. This predictability hasRead More
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  • Whats causing Aussie gold stocks to flourish?

    Over the three months between the 7th of May and the 7th of August 2019, the S&P//ASX200 Australian gold miners index (XGD.ASX) has risen more than 55 percent. During that same time, physical gold has risen 16.57 percent, and Australian dollar physical gold has risen around 36 percent. What has caused strong rise in gold and AussieRead More
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  • WESTPAC’s Federal Court win a big win for Australian banks

    Last November Westpac and ASIC agreed to settle a legal dispute that would see the bank pay a $35 million dollar fine for breaching responsible lending laws. However, the Federal Court refused to approve the settlement, stating that the settlement failed to illustrate how Westpac breached lending laws; the case went to trial. Today, inRead More
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  • How strong are US earnings?

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  • Why we invest overseas

    The advantage of geographical diversification If you’d watched the recent strength of the Australian share market in isolation

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  • Where to go when you are unhappy with the interest on your bank deposits

    There is a total of $526 billion in savings accounts across the nation according to financial comparison

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  • Who can Afford a House in Australia?

    The average Australian full-time wage is currently $81,843, this is calculated by totalling all the salary income earned by Australians

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