Trading Diary – 19 June 2019

Today we sold one stock in the Materials sector and allocated the released cash to a share in the Financial industry. This new position is the only exposure we currently have to the Financials sector; however, it is unsurprising given the recent strength of the sector that we are beginning to see opportunities appearing there. … Read more

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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

Trading Diary – 5 June 2019

We exited two positions today, both at marginal profits. The sales have reduced our exposure to the Information Technology sector and the Industrial sector. We’ve purchased two new stocks in the Specialty Retail industry to make use of the cash that has been released by the sales. Following these transactions, we will be holding a … Read more

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Gold back in favour as Energy breaks down

The All Ordinaries index appeared to hold the breakout of the previous week with a relatively minor pullback during the week of 0.82% and a close above the new level of support. The tail at the level of support on Friday indicates there was demand at this level, however as we see today, this demand has all but disappeared, and the index looks set for a correction, which could take it back into the lows of the previous trading range.

Read moreGold back in favour as Energy breaks down