In a week where US politicians “hijacked” the financial markets, we have seen strong falls in all major international markets. And it looks like this is going to continue into the new week as well. Let’s hope we get a resolution soon and then get on with it. In any case it will be an interesting week where we could see either strong falls or a strong move up. Obviously there is also the chance we finish the week there where we finished this week. Don’t you love trading!?
Going through the stocks this evening I didn’t think I would find any that meet all the buy criteria according to the Home Study Course. I was quiet surprised to see a number of stocks ticking all the boxes. They are IPL (Incitec Pivot Ltd), BEN (Bendigo and Adelaide Bank Limited), OZL (OZ Minerals Limited) and SEK (Seek Limited). There are also two stocks that are already in the portfolio that still tick all the boxes. They are DOW (Downer EDI) and CGF (Challenger Limited). I will add the new ones to the portfolio next week.
Read more…
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:
Read more…
