Chris Becker

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Trading Day: 13th April

S&P/ASX200 Index – XJO The S&P/ASX200 is down 5 points to 4893 after a bouncy opening session. The banks are holding up the resources as the risk-trades start to wind back a little. There is weak support at the psychological important 4900 level, but I would apply caution as overnight markets (e.g Dow, SP500, FTSE

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Trading Day: 12th April

S&P/ASX200 Index – XJO The S&P/ASX200 is down over 1 percent or 50 points to 4920 (update: 1pm EST) after weak overnight action. The V-shaped rebound is slowing down, as exuberance gives way to reality. Winners AMP: still overbought, but bids keep coming. ANZ: uptrend is not slowing down! Consensus rules – banks are back.

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Silver’s Unrelenting March Higher

Another great guest post from The Bullion Baron. The current Silver rally is exhilarating. Even as I write this the chart I’ve used below is basically out of date with Silver having soared higher to almost US$42 during Asian trade today, only around $8 below it’s all time nominal high of $50 set in January

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Trading Day: 11th April (updated)

I will be providing this trading update on the ASX100 daily at noon. Winners AMP: overbought in the short term, but accelerating in the medium term after a rounding bottom. BTFD ANZ: uptrend is slowing down. Watch for acceleration on external market rallies. BHP-Billiton (BHP) up up and away. Becoming overbought in the short term.

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Weekly Markets Analysis: 8th April

Lots of charts to look at today, first the usual fractal look at the Australian market, and then a quick look at the major components of my “Crashlist”. This is a select list of equity, FX and PM markets that I watch each evening as they open and analyse each morning before the Australian market

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Troubles with Fund Management – An Absolute Return View

This is a reply to Rotten Apple’s post about the “trouble” with the Australian fund management industry. The author of this article is a co-founder of an Australian-based private investment company, Empire Investing, and a former financial adviser and portfolio manager for a boutique financial services company. It’s all Absolutely Relative
 Let me start with

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Weekly Market Analysis – 1st April 2011

Conceal me what I am, and be my aid For such disguise as haply shall become The form of my intent. Shakespeare Summary Stocks rallied hard last night on the US and European markets after – well, choose your reason and stick to it really. Jobs? Corporate profits? No new meltdown? Cow mutilations are up?

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Gold moves to next bubble phase?

Investing and speculating in gold is almost as emotive a subject as residential property, so I’ll try to keep this short and sweet. I treat physical gold as a “Type Zero” security asset, a small insurance hedge against financial instability – a “Minsky Metal”. (I will publish an article regarding my research into the “Minsky

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Telstra – still a telegraph pole stock

The Future Fund announced recently that is has reduced its holding in Telstra (TLS) to below 5%, and is still selling. Future Fund, I salute you. TLS is still a telegraph pole stock – as in, any sane, rational investor shouldn’t touch it with a ten foot or even a telegraph pole. In this post,

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Weekly Market Analysis: Risk is up!

The S&P/ASX200 index closed 0.91 per cent higher to 4,742.6 points on Friday, after a strong rebound rally. The index is up 116 points or 2.5% for the week, but still down 1.75% since the start of March and no movement at all for the year. For a primer on how I do my analysis,

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Gold: Global currencies and demand

Guest post from The Bullion Baron An interesting article was posted on Mineweb earlier this week comparing the performance of Gold over several currencies. The 4 currencies it was compared in were the US Dollar, Renminbi, Indian Rupee and Euro. With the growth of three tied so closely it was almost just a comparison of

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Research Bonds

My fellow equities blogger Sell on News recent excellent post gave an credible rationale on why property has become the No.1 investment option for Australians – purely by default. This post will go over a very “beta” version of an idea I had awhile back in how to arrest the problem of an insufficient base

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Weekly Market Analysis: March 18

Summary The S&P/ASX200 index eventually closed 0.4 per cent lower to 4,626.8 points today, after a wild rollercoaster ride. The index is down 200 points or 4.14% for the month and 2.4% since the start of the year. In effect, the XJO has gone nowhere since September 2009, rangebound between 4200 and 5000 points. In

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The Banksters: Part 1

Note: This is part 1 of a 2-part series on trading and valuing the big four Australian banks. Part 2 shall be forthcoming soon. Fellow equities blogger Sell on News completed an excellent thematic post on the bubble like growth of the finance industry recently. In the face of a likely change in how capital

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Will this cat bounce?

Today’s strong uptrend in almost all risk markets is not that surprising. In trader’s parlance, this may just be a “dead cat’s bounce“. Sorry for the awful terminology, but there it is. This broad correction offers both risks and opportunities for trader’s and investor’s alike. For the latter, it offers excellent buying opportunities in “Very

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The Neck is broken? ASX200 drops below 4750

Well that didn’t take long – the ASX200 has corrected again this morning, with an intraday level at 4714 points. Readers may have noticed that I am still wrong about a possible rally! In my last regular weekly analysis I did mention however: But basic charting analysis suggests a more bearish stance: a classic head

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Gold, Silver and Oil Ratio

As part of my “Crashlist” I regularly follow the spot price (in USD) for gold, silver and oil as they are the three benchmarks that measure the strength of the global economy, the value of the US dollar and the speculative excess inherent in modern global markets. Bullion Baron has some great insight into these

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Weekly Market Analysis: a close below 4800

Weekly Summary Apologies for not posting my regular end-week summary, but this blogger is feeling the combined effects of moving house and re-valuing the avalanche of HY earnings reports. What follows is my analysis from last week but with notes on today’s correction and what it may mean looking ahead for the rest of this