Stocks & Options

Posted on May 11, 2012 Last Updated May 11, 2012 Posted by Tom
Tom Scollon Anybody have a clue?

Does anybody out there have a clue about what is going on?

Last week as I was writing, markets were going gangbusters and I had to step in and caution about a retreat and sure it came sooner than later and all the optimism of last week turned sour. They blamed it on elections in Europe and the Greek buccaneers wanting to tear up the EU bail out deal. Was that really what caused the easing of the last few days? Nope. Markets are just at a midterm high.

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Posted on May 11, 2012 Last Updated May 11, 2012 Posted by Lauren
Lauren Jones Westpac Meets New Resistance

Over the past few months we have been enjoying a surge in price for Australia’s Westpac Bank (ASX:WBC) from lows of around $20 in February to $23 in May. Trading one and two day ABC setups would have brought in some nice profits. As WBC pushed through 50% of the 2011 bear range, it shot up to where it sits at the time of writing – progress halted by 50% of the bigger range from April 2010 to August 2011.

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Posted on May 07, 2012 Last Updated May 07, 2012 Posted by Lachlan
Lachlan McPherson A European Landslide

At the beginning of his presidency, no one would have thought Nicholas Sarkozy would have such an impact on global markets. Today, as he is ousted from French presidency, global markets dive over concerns of his successor. So much, in fact, that Asian markets are looking at their worst session in more than six months! Lachlan McPherson looks at which stocks and sectors are most likely to be affected by a European landslide…

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Posted on May 04, 2012 Last Updated May 04, 2012 Posted by Lachlan
Lachlan McPherson The Great US Rebound

US Markets retreated slightly today (2 May) following a minor fall in new jobs for the month and higher European unemployment. A big-picture view, however, indicates that major US economic bellwethers – housing and stock markets – are experiencing a robust recovery.

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Posted on May 04, 2012 Last Updated May 04, 2012 Posted by Tom
Tom Scollon Great run but…

We are nearing a high – and maybe it is time to think about reviewing your positions. All of this depends on when you bought, your view of the weeks and months ahead and many other factors.

I am not saying the market is going to fall out of the sky but I am not going to rule out a decent pullback. I am going to wait and see and then form a view as I have a little time. But I will aim to do this ahead of time and not after the event.

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