Australian Shares

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ASX Shares Daily – October 30

By Chris Becker There’s more than one storm going on around the world – the market was expecting the Bank of Japan to turn the liquidity taps on for a 20 trillion Yen boost but they replied with “only” 11 trillion Yen. This has sent the Yen up, the Nikkei down and had no effect on

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ASX Shares Daily – October 29

By Chris Becker Amid the storm off the US east coast which will shut down markets there tonight and probably on Tuesday, Asian equity markets were quite subdued. The ASX200 closed up 4 points to 4476. I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 had a scratch day

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ASX Shares Daily – October 26th

By Chris Becker The risk-off meme created by Apple’s earnings miss (moreover the poor guidance) last night stumbled in the Asian session today, withe all markets falling. The ASX200 gyrated but eventually fell into the close, showing a distinct lack of conviction coming into the weekend. The market fell nearly 1% or nearly 40 points. I’ll take

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ASX Shares Daily – October 25th

By Chris Becker Asian equity markets were all over the place today, but the ASX200 had a scratch day, finally finishing about 4 points up just above 4500 points. I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 had a big up day – up over 1% or 100

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ASX Shares Daily – October 24th

By Chris Becker Asian markets fell, following Wall Street last night with the ASX200 falling almost 1% as a higher than expected domestic CPI print put pause to more possible rate cuts. I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 had a similar down day, as the currency

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ASX Shares Daily – 23rd October

By Chris Becker Well that was a boring day – scratch days all round, except NZ and Shanghai.  The ASX200 jumped out of the gates at the open but was sold off all afternoon and barely finished in the green – up 2 points. Meh. That’s four days in a row of nothing happening…  I’ll take a closer

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ASX Shares Daily – 22nd October

By Chris Becker Its the Monday after the manic 25th anniversary of the 1987 stock crash and we’ve had a “Tom Jones” day in Asia with most bourses slipping, some going up slightly in a “not unusual” fashion.   The ASX200 fell at the open but came back slightly losing 30 points or 0.7% to 4541.  I’ll take

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ASX Shares Daily – October 19th

By Chris Becker A relatively muted day in Asia, as markets responded to the Google Gaffe overnight that saw the NASDAQ drop 1% after European stocks did well.  The ASX200 fell at the open back eventually came back – and then some in the afternoon, almost negating my KC Signal (a top/bottom signal I’ve devised) , gaining 11

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ASX Shares Daily – October 18th

By Chris Becker A very bullish day in Asia as the GDP, industrial production and fixed asset investment prints for China came in as expected. All equity indices were bid up although interestingly the commodities complex did a great big yawn – no moved in energies or precious metals at all. Hmm. As for the local

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ASX Shares Daily – October 17

By Chris Becker A ho hum day on the ASX200? Ah no – this is a 15 month high as the bulls salivate and the bears go back into hibernation. The rest of Asia did pretty well too – although China was subdued – after following European stocks which rallied strongly overnight.  The ASX200 jumped at the open

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ASX Shares Daily – October 16

By Chris Becker Asia attempted to react to the positive moves on Wall Street last night and did pretty well .  The ASX200 just closed in the green after surging in the morning  – up 8 points to 4491.  I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 jumped

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ASX Shares Daily – 15th October

By Chris Becker Another quiet – a little too quiet – day on Asian markets with much going on or happening.  The ASX200 eventually closed in the red – just – down 3 points to 4483 after oscillating all day around its opening price.  I’ll take a closer look at the bottom of the post including technical analysis

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ASX Shares Daily – 12th October

By Chris Becker A very quiet day on Asian markets with not much data to respond too or central banks to front run with any “puts”. The ASX200 eventually closed in the green – just – up 3 points to 4486 –  I’ll take a closer look at the bottom of the post including technical analysis of the

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ASX Shares Daily – 11th October

By Chris Becker Well that was interesting – headline unemployment goes up – signalling that the RBA should cut rates, yet the AUD goes up and shares recover their initial losses (mostly). Well that was the initial reaction anyway…. The ASX200 eventually closed down only 0.2% or 7 points to 4483 –  I’ll take a closer look

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ASX Shares Daily – 10th October

By Chris Becker Another volatile day on Asian markets with the ASX200 closing down 0.3% or 14 points to 4490 –  I’ll take a closer look at the bottom of the post including technical analysis of the bourse.   The Nikkei 225 was assaulted, down 2% to just under 8600 points and remains in a sideways range, with

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ASX Shares Daily – 9th October

By Chris Becker   Risk markets set aside any worry about IMF GDP growth downgrades, and bid bid bid. The ASX200 closed up a solid 0.5% or over 23 points to 4505 –  I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 slid down again but all

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ASX Shares Daily – 8th October

By Chris Becker A pause today across Asia – well more of a small slip as  mainland Chinese markets came back after a week long holiday (oh how I would kill for one of those, although I’d miss the market).  The ASX200 closed down around 12 points, remaining below 45000 points –  I’ll take a closer

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ASX Shares Daily – 5th October

By Chris Becker The Romney Rally continues with risk up, US dollar down, AUD dollar up – and ASX200 almost breaching 4500 points! Bulls unite! Bears despair! The rest of us just make money…So even though the AUD was up today – barely – the ASX200 closed up nearly 1% to 4494 points –  I’ll take

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ASX Shares Daily – 4th October

By Chris Becker Its the Romney Rally! Following the “you have the illusion of choice” US Presidential debate just after lunch our time, risk markets took off with the ASX200 knocking aside poor retail sales data closing up 13 points to 4452 points:  I’ll take a closer look at the bottom of the post including technical

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ASX Shares Daily – October 3rd

By Chris Becker Equity markets took a pause today, with the ASX200 reacting (maybe?) to the shockingly bad trade figures today, eventually closing up 5 points to 4438 points,  I’ll take a closer look at the bottom of the post including technical analysis of the bourse. With the mainland Chinese markets closed for the week, it

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ASX Shares Daily – October 2nd

By Chris Becker It was the RBA’s turn in the currency wars today, with an unexpected rate cut sending Aussie stocks higher, with the ASX200 up 45 points or 1% to 4433 points,  I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The rest of Asia was a bit

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Koreans lead a merry dance with Arrium

There couldn’t be two places more distant, physically or metaphorically, than the dusty, South Australian steel town of Wyallah and the glitzy, South Korean business district of Gangnam. As conveyed by its best-known cultural export, the cheesy internet sensation ‘Gangnam Style‘ – where a Korean rapper sings praise of horses, shiny suits and sexy ladies

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ASX Shares Daily – 28th September

  By Chris Becker Yesterday’s Chinese firecracker only continued to shake and bake on the mainland today with most Asian markets down or at scratch levels.. The ASX200 reversed from some minor losses early in the session to barely close out the day in positive territory up 2 points to 4387 points –  or 1.64% for the month

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ASX Shares Daily – 27th September

  By Chris Becker The fizzer turned into a Chinese firecracker today as Asian markets exploded upwards due to some PBOC liquidity – although profits are down and growth is slowing and and…well. The ASX200 reversed its early losses from last nights action and closed up by 0.5% or 22 points to 4384 points –  I’ll

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ASX Shares Daily – 26th September

  By Chris Becker Well this is turning into a fizzer isn’t it? Or just a simple retracement? We’ll only know after the fact, but Asian markets fell across the board today, although our local bourse was one of the better ones, the ASX200 only down 0.26% or 11 points to 4361 points –  I’ll take a closer

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Making banks better investments

Australia’s banks may be worth more than Britain’s entire banking sector, but they are not doing enough to satisfy shareholders. At least according to UBS. The broker is arguing for higher dividend payout ratios to justify the current strong share prices presumably. You know, those share prices that make Australian banks worth more than the

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ASX Shares Daily – 25th September

  By Chris Becker Asian markets were again mixed today (that’s code for – the markets went down). The ASX200 slipped again, down 0.3% of 12 points to 4372 points –  I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 actually had an up day but barely, with the

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ASX Shares Daily – 24th September

  By Chris Becker Asian markets were very mixed today, and going into our lunch meeting today, the Shanghai Comp looked like it had capitulated, but on the other side it rallied leaving the rest of Asia behind. That included the ASX200,  which took back all of Friday’s gains and more, closing below heavy resistance at 4400 points,

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ASX Shares Daily – 21st September

  By Chris Becker Green green green. This QE3 rally has more dips and bumps then a dippy bumpy thing. Asian markets were up today, with the ASX200 closing above 4400 points, up 0.25% to 4408 points –  I’ll take a closer look at the bottom of the post including technical analysis of the bourse. The Nikkei 225 was up

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ASX Shares Daily – 20th September

  By Chris Becker It seems risk markets are questioning more and more the efficacy of QE3 with Asian markets slumping today, with European markets recently opening down 1% across the board. The ASX200 closed below 4400 points, down nearly 0.5% taking back yesterdays gains to 4397 –  I’ll take a closer look at the bottom of the