Category: Share Trading
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Last week may have confirmed a top in the US and the Aussie markets. If this is the case then Santa may not make his way to the markets this year. Alternately if last week was not a top then we will continue to rally on into the first week of January 2017 where we then would set up a larger top to start off the New Year.
Last weekend it was the Italian referendum and this week its Italy’s 3rd biggest bank Banca Monte dei Paschi di Siena S.p.A which is in big trouble. I have read that the ECB has refused to extend the deadline for them to raise the 5 billion euro which places it in a problematic situation as “it’s Too Big to Fail”. Will this have an impact on European and world markets, as this is only 1 of many banks in a similar situation?
Italy has voted a strong NO to the referendum which now adds to the name of this week which is VOLATILITY. For more on this please find attached this week’s US and Australian Stock Market Report.
Markets look well stretched and over bought whichever way you would like to think of them even with the US markets making new all-time highs on Fridays shorten trading. Seasonally the US markets are strong into ...
Read more about US and Australian Stock Market Report – 28 Nov 2016
In many ways we are back at the Crossroads once again especially for the US markets. The S&P 500 is very close to the all-time highs, the NASDAQ made a very slight new all-time high on Friday but then reversed after doing so.
Read more about US and Australian Stock Market Report – 21 Nov 2016
We are starting to see the stronger seasonal, statistical and cycle dates coming into play also. Hang on to your hats it’s going to get bumpy. For more on this please find attached this week’s Market Report looking at the Aussie and US markets.
Read more about Stock Market Commentary – US and ASX Market Report 31 Oct 2016
The US election has been run and won so enough about that. The main thing is it’s over and the whole world can move on. Now to the $64,000 question, do we rally like its 1999 or like BREXIT from here or have markets rallied that much over the last week that we will put in a top and roll back over again as we beginning to realise the world today is not that much different from what it was only a week ago?
The US election - everyone is talking about it so I am not going to go on about it also, other than to say it’s held on Tuesday 8th (Wednesday 9th Australian time) and the counting will start while the local market is up and trading. Just like BREXIT we will be reacting blow by blow with the numbers as they come out. Keep in the back of your mind that we may not have a result right away especially if it’s a close call, it could drag on for days or weeks like that one George W. Bush won by a handful of votes before Obama took office.
The week ahead has stock option expiry (Thursday) for the Aussie market so be careful and remember to lock away your profits if you have the bulk of what you can make.
The week ahead sees the 29th anniversary (19th October 1987) of the 1987 Crash. The Dow fell 508 points or 22.6% in one day its largest ever one day % fall. All markets around the world followed suit falling very strongly and this is a time never to be forgotten as to how quickly things can happen.