We got a few things right last week. Stock markets continued their momentum after breaking to new highs, DRDGOLD sold off as expected and breakout pick CUDA rallied nicely. If only it was always that easy.
This week I am travelling but I have been able to come up with a few more setups which you will find below. Read more »
We took some good trades last week, the cream of the crop being $OMN which continued to surge after posting strong earnings.
This week should be interesting with the S&P 500 a whisker away from record highs. Read more »
As mentioned in the previous post, we do not have a lot of faith in the market at present. Many indicators are flashing red but stock markets continue to rally thanks to the backdrop of loose monetary policy.
Even so we will stick to our trading strategies and hope to find alpha in un-correlated opportunities. It should be another interesting week and non-farm payrolls could prove to be a big event.
Below are the setups we are watching this week: Read more »
Visa Inc. ($V) is a multinational financial services company that facilitates the transfer of funds around the world via Visa-branded credit cards and debit cards. If you didn’t already know that you must be living on another planet because Visa is everywhere. Here are 10 reasons why you might want to buy the stock today. Read more »
It was a good few weeks ago when the stock markets were coming off and everyone was worried about China and the upcoming September FOMC meeting that I first became interested in buying Chinese shares.
The S&P 500 had dropped over 10% in the space of a few days and the Chinese equity markets had fallen around 40% from it’s last 52-week high. Read more »
Global stock markets are currently experiencing extreme volatility with the S&P 500 dropping almost -8% over the last four days.
Stocks have continued to fall in Asia and Europe this morning and there is no doubt that this shakeout is a serious one, with the potential to continue for some time. Read more »
Last week’s picks produced a marginal profit, with positive returns for our value pick Valero Energy and our short pick Nu-Skin Enterprises. Our short-term reversal pick Disney Inc. saw a small loss, though the stock is still a buy according to the system rules. Read more »
Last week’s stock picks put in a mixed performance as stock market conditions remained choppy. Our Marwood Value pick put in a healthy run but overall returns were brought down by Apple shares, which continued to drop. Read more »
Commodity prices continued to slip last week, the US dollar gained and stocks ended modestly higher. So far earnings have continued to beat expectations (albeit off a low level) but this is yet to translate into solid gains for the market. Overall, our picks did relatively well last week with healthy profits for BIIB and NSR. Read more »
Chinese shares are lower this morning with the Shanghai Composite Index sinking at least 6% overnight and taking the market back to it’s recent lows. Poor manufacturing data out last week will not have helped and traders will be concerned of volatility spilling over into European and US markets today. With July’s FOMC meeting and GDP numbers to come, there are plenty of potential roadblocks ahead. Read more »