If you don’t understand a business, a financial instrument, a rationale for investment, or whatever else, ignore the hype and stay clear of it. I have difficulty understanding charts with multiple indicators confusingly displayed, so discard them. I try not… Read More ›
Completed May 8 2017, it has been no mean feat for Boral. Headwaters, a concrete products manufacturer located near Houston Texas had a high price tag of US$ 2.6 billion, but its revenue for 2016 was US$ 1.1 billion, and… Read More ›
Sacked former Director of Coles Myer, experienced retailer Solomon Lew, has been an observer whilst the re-floated Myer Limited has floundered, and destroyed the wealth of its backers. From $4.10 when floated, it has reached support at a low of… Read More ›
Security selection is easy for traders. Almost any market/security will do. So long as it is moving. Their problem is to determine the direction of movement, capture the trend, and exit before it changes. It may sound easy but… Read More ›
I agree that Technical Analysis is the best, probably the only discipline needed for successful trading. The incessant flow of corporate and economic news, data of a fundamental nature, and the often conflicting opinions of analysts and other financial gurus,… Read More ›
12 month daily candlestick chart of the Commonwealth Bank This chart of the recent price action of the Commonwealth Bank of Australia has been posted to illustrate how Technical Analysis can be a reliable tool on which investors can rely… Read More ›
Mineral sands explorer Iluka Resources attracted market attention today, gapping sharply higher at the open, and recording a 13% rise for the day, to reach a high of $8.32. This rise comes in the wake of an excellent quarterly report…. Read More ›
Financial giant BlackRock CEO Larry Fink is surprised at the attention his reshuffling of operations has received. He states that at present “machines do not outperform human analysts” but at the same time he is increasing BlackRock’s reliance on computerized… Read More ›
The principle is sound. Sell the poor performers in your portfolio, and use the capital to increase your weighting in the better performers, or to acquire stocks with superior growth prospects. Selling one stock to buy another in the same… Read More ›
The saying that when the US market catches a cold, the Australian develops pneumonia, has certainly proved to be true for the effects of the Global Financial Market (GFC). I have posted monthly charts for the US Dow Jones Industrial… Read More ›
