Back home again after what was a very relaxing holiday in Chile. It is nice taking some time out and when you come back you look at things with fresh eyes. Whilst the markets have fallen in the three weeks that I was away, looking back it is very clear that we are in a sideways patterns since May this year. The range of the swings up and down seem to get smaller and we can expect bigger moves once either support or resistance levels are broken.
If the market breaks to the upside, then we are well positioned with now 19 open positions in the portfolio. Last week was another uneventful one for the portfolio with the value of our open positions edging half a percent lower. With ASX (ASX Limited) we added another position and what I like about this one is that the risk for ASX is only 8%.
The transaction was:
23rd August: Buy 330 ASX at 30.26
Looking ahead to next week, I have TOL (Toll Holdings Ltd) and LEI (Leighton Holdings Ltd) fulfilling the buy criteria according to my analysis. I still need to analyse the risk of both before I decide which one to add as I don’t want to have more than 20 open positions in the portfolio. ASX is still a buy as well. Outside the portfolio I found one stock meeting the sell criteria, which is COH (Cochlear).
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Apologies for missing last week’s update, I decided to spent some quality time with family on our holidays after we came back from my first skiing experience in Chile. We had great weather and best of all fantastic snow. I’ll definitely be back for more in years to come. Well as I skied downhill the markets went downhill as well. At least that was what I heard when I turned on the news. I expected the portfolio to be in negative territory again and was surprised to still see it clinging to a 1 percent gain.
There was quite a bit of activity while I was offline with TLS (Telstra Corporation) triggering the stop and three more additions to the portfolio. Telstra actually plunged to a new all time low at 2.82. OST (OneSteel) was a buy two weeks ago and last week we have added PPT (Perpetual Limited) and CWN (Crown Limited).
The transactions in detail:
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Finally on holidays in beautiful Chile. I am sitting in my in-laws office and look out over the Pacific Ocean on another beautiful but chilly (not Chile) day. The family is slowly recovering from a cold and tomorrow we are off to the snow to ski in the Andes. I’ll leave the computer behind and will be truly on holidays.
I still managed to have a look at the charts for this week and hope that I haven’t missed anything. I find it more challenging to only have the laptop screen, when you are used to have a big monitor at home. The markets haven’t moved much, we had some gains and losses and the portfolio edged marginally higher. With TEL (Telecom Corporation of New Zealand) and ERA (Energy Resources of Australia) we have added two more positions and now have 16 positions in the portfolio. We also closed our position in WDC (Westfield Group) and ended up break even.
The transactions for the week were:
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In midst of packing for our upcoming holiday, I managed to review the portfolio for the week. Again there wasn’t much movement in the portfolio, with the profit of our open positions declining due to two more additions (GPT and MGR) that finished the week lower. Just as I wanted to keep it short for the week, I have noticed quite a number of stocks that have given the buy signal for Monday and others that could be a potential buy during the week depending on the price development.
The buys according to my analysis are: TEL (Telecom Corporation of New Zealand) and ERA (Energy Resources of Australia). Following stocks need their monthly swing to point upwards in order to be a buy: SGM (Sims Metal Management Limited) 18.75 or higher, PRY (Primary Health Care) 3.79 or higher and TOL (Toll Holding Ltd) 6.14 or higher. PRY looks particular interesting with a double low for the dates 21st November 2008 (3.46) and 2nd July 2010 (3.45).
I also have a sell for the portfolio. WDC (Westfield Group) had two closes under the uptrend band.
The transactions for last week were: Read more…
The markets certainly look more bullish than bearish and the big question is if it will stay this way. We have added two more positions to the portfolio and have another 2 (maybe 3) stocks fulfilling the HSC buy rules according to my analysis. I have also noticed more than 15 stocks had a bullish outside vertical bar (BUOVB) for the week. This is usually a sign that the stock will continue to raise over the coming weeks.
As I have mentioned already we have added SKI (Spark Infrastructure Group) and DJS (David Jones) to the portfolio on Monday. We are still waiting for TOL (Toll Holdings Ltd) to go above 6.21 for a buy. For the week ahead I have also MGR (Mirvac Group) and GPT (GPT Group) as a buy, with SKI and DJS still flagged as a buy as well.
The transaction for last week were:
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Excuse me for sounding like a broken record, but we are still in a period of uncertainty in the market. What initially looked like a good week (looking at the international markets), ended with a sharp fall of the US and European markets on Friday. This meant the major markets finished the week slightly down compared to the week before.
However the Australian market and our portfolio finished the week marginally up compared to the week before. Most stocks in the portfolio didn’t move much with the exception of ILU. Last week’s profit on ILU was 37.81 % compared to when the stock was bought and this week’s profit is 48.77 %. A shame that we sold half of our holdings some time back. On the other hand, I am quite happy to have some profits secured. You never know how the market will be moving and most analysis and future prediction is made based on probability. One of the biggest mistakes an investor can make is not to lock in profit. I have spoken to many people that have seen a 30% profit turn into a losing trade and this really hurts. I happily accept the fact that I can’t be correct in each of my trades and that a minority of them end up being losing trades. What I can’t accept is having made some good money on a trade and then losing it all.
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