Trading Dairy – 13 March 2019

During the week we closed two positions, both in the Real Estate sector, and both at marginal profits. We sold both stocks as a result of a deterioration in their respective momentum rankings. We have replaced these positions with companies in the Materials sector, both of which rank highly for Momentum,  Valuation and Growth as … Read more

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Consumer Staples strong but not leading

The All Ordinaries index was up 0.2% for the week, ending 8 March 2019. The index ended the week 3% above its 200 DMA, having stalled around the level of the old highs of October 2018, which is likely to be a point of considerable resistance and it would not be unexpected to see the index spend some time moving sideways around this level.

Any signs of strength above this level would be a positive indication as to the direction of the trend of the overall market.

Of the 473 stocks currently comprising the index (and for which we collect data), 266 of these (56%) ended the week above their respective 100 DMAs, down from 289 (60%) names at the end of last week.  Two hundred thirty-six stocks were up for the week, while 237 ended the week flat or down. Two hundred and twenty-eight shares finished the week within 20% of their 52-week highs, with 79 of those within 5% of 52-week highs.

Read moreConsumer Staples strong but not leading

Trading Diary – 7 Mar 2019

This week we sold three losing positions, including Inghams (ING), National Storage (NSR) and Evolution Mining (EVN). The losses on each position were 7.8%, 7.4% and 10.5% respectively. We held each of these three stocks for 21 days. We have also added a number of new positions, which we’ll discuss below. Inghams Group (ING) We … Read more

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Consumer Finance and Healthcare on, Gold off

The All Ordinaries index was up 0.5% for the week, ending 1 March 2019. The index ended the week 2.84% above its 200 DMA and is continuing to show considerable strength.

Of the 478 stocks currently comprising the index (and for which we collect data), 289 of these (60%) ended the week above their respective 100 DMAs, up from 269 (57%) names at the end of last week.  Two hundred sixty-four stocks were up for the week, while 214 ended the week flat or down. Two hundred and twenty-seven shares finished the week within 20% of their 52-week highs, with 78 of those within 5% of 52-week highs.

Read moreConsumer Finance and Healthcare on, Gold off