Category: Share Trading
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
As mentioned last week that what if the leaders, the stocks that were doing all the heavy lifting tripped or stumbled? This is what occurred on Friday and you can see the technical damage in the daily charts of the FANG stocks I have included in the Appendix below.
Read more about Australian & US Market Report - 12 June 17
Highlights: Economy limping but not staggering - Reserve Bank a rock of content - AGL still cooking with gas – Wesfarmers going down down to Coles way – Vocus in the Vulture’s focus – “make mine milk mum”, A2 that is – May wins in June-just!
Milestones were reached in the week just gone. We had the 3 main US markets (S&P 500, DJIA & NASDAQ) making new all-time highs for the first time since 1st March. We have also had both Amazon (AMZN) and Alphabet better known as Google (GOOGL) racing each other to the BIG round number $1,000 per share level.
Brief post Koh Samui Report or The Market Last Week, Next Week and Stock tips 2nd June 2017
Highlights: Challenger annuities demand strong – Australian fashion retail sees another blow – Sigma’s lawsuit with customer – Tech Stocks that aren’t US Giants – BHP and more.
Weekly market wrap for 26th of May 2017. More updates on ASX 200, local market data, commodities (crude oil, gold, iron ore) and currencies.
Read more about Phillip Capital Market Wrap 26-05-17
As mentioned last week the US markets have moved back up to retest their March 1st all-time highs and they have done this on fewer and fewer stocks. This last week shows what can happen when these fewer and fewer stocks break traction, the market can lose control.
Trump - Media frothing at the mouth – Banks in the red corner, Government in the blue, Referee yet to decide – ICI’s offspring’s are doing nicely – Flight Centre in the air again – BHP, "oils ain’t necessarily good oils" – Unemployment down but further to go – Wesfarmers stays in the Officeworks.
Read more about Australian Stock Market Report 19 May 2017
No surprises from the French election as Macron wins by a very large margin just like what the polls were showing just before the election. Don’t think that it will be all sunshine and rainbows for Macron moving forward for himself or for France. This is where the hard work begins as there are still deep issues France and the rest of Europe need to deal with that will just not go away.
Banks suffer Full Frontal Attax – infrastructure the word of the week – But life goes on after the budget – Market again in search of 6,000 points – Are you shopping less now but enjoying it more?