Three reasons to buy Woolworths (ASX:WOW) for atleast a bounce to the $30-$31 level? 1. Buy the news - On Wednesday, Woolies annouced CEO retirement and reduced earnings guidance 2. Today (Friday) it closed above the intermediate down trend which…
The Aussie Banks may have stopped going down today by breaking their respective intermediate downtrends that started in April. A buy for me on ANZ, CBA and WBC today. Westpac (ASX:WBC) down over 22% from the top in April to…
Five minutes a day in practice Having spent more than three years investing and trading in the markets on a full-time basis to the end of 2014, I have used that experience to come up with some guidelines for myself…
The ASX All Ordinaries closed: October 28 2013 at 5437 October 28 2014 at 5434 Just like a rocking horse, in the past 12 months, the Aussie share market has seen plenty of movement but made no progress!!! Daily…
The Aussie Dollar is at an interesting juncture at the moment. September / October correlation International institutions in part were responsible for the fall in the Australian share market since September into October as these institutions sold out of Australian…
This chart below explains why we have continued to be at least 95% invested since the end of May. We are currently 98% invested and holding just 2% cash. Probability of good things happening has increased During July, the ASX…
Am I a Triangle? Yes, I AMM. Amcom Telecommunications Limited (ASX:AMM) has broken out of a 12 month ascending triangle today. This suggests an upside measured move to the $2.90 area is highly probable. Amcom currently ranks a Gold 3…
McMillan Shakespeare Group (ASX:MMS) has been a fascinating study over the past year or so. A stock widely moved around as a result of the decisions (and potential decisions) of the government of the day. I wrote about the company…
Woolworths Limited (ASX:WOW) produced an excellent half yearly report last week. Price action retested the breakout zone after the announcement and held which is very bullish. A measured move on the tri-break suggests a move to around the $38.80 area…
Sims Metal Management Limited (ASX:SGM) is a business that chose not to pay a half year dividend due to a weak outlook. SGM has lost support at $9.70 and is starting to look like heavy metal !!! Disclosure: The Edge…