Banks, Consumer, Tech diverge

Banks, consumer discretionary and tech traded in tandem into the March 23 low. However, since that time, consumer and especially tech have bounced substantially, while banks have barely moved. I’m looking at these three sectors together because together they represent the more cyclical exposures in the market. These are the companies most exposed to the … Read more

Large cap stocks on the move

The All Ordinaries is back within striking distance of all-time highs, adding 0.9% during the week ending 20 September 2019. All industry groups participated in the gains. However, ultimately, the big miners and banks dictate index performance, and they have been on the up. The Energy sector was the most significant contributor to performance during … Read more

Consumer Discretionary showing it’s not all doom and gloom

The All Ordinaries index continued its advance during the week ending 26 July 2019 adding another +1.37% for the week. The index is now more than 10% above its 200 DMA. Approximately 63% and 64% of constituent stocks are above their 200 DMA and 100 DMA respectively. 

During the week 67% of stocks advanced. The week ended with two hundred and seventy-nine shares within 20% of their 52-week highs. 111 of those were within 5% of 52-week highs. As we’ve said in the past, more stocks making new highs is an excellent sign of the strength of the market as a whole.

Read more

Gold higher, Health Care advance broadening

The All Ordinaries index put in another solid week with a performance of +1.52% which was a follow-through from the prior week’s breakout. Strong appreciation in the Energy, Information Technology and Industrials sectors drove the robust result. All sector indices contributed positive performance for the week except the Communications sector, which fell 1.85% driven in … Read more

Broad Industrial advance notable

The All Ordinaries index continued its upward trajectory during the week ending 14 June 2019, rising another 1.66% taking it to levels not seen since 2007. The Materials sector led stocks higher with the S&P/ASX 200 Materials Sector Index increasing 5.2%, followed by the Communications Services sector and the Healthcare sector, each advancing more than … Read more