Tag: ASX market report
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
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.
October is a month which strikes fear into the hearts of investors because of a number of massive falls that have taken place during the month. The Crash in 1929 & the 1987 Crash were both in October and anyone involved in the markets would have heard of one or both of these. However October generally is a positive month for...
Read more about Stock Market Commentary – US and ASX Market Report 03 Oct 2016