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  • 2008 November | Online Stockmarket Trading Update
    figures down 3 points We also saw that the Dallas manufacturing index was down yet again but it fell to minus 21in November and that is from 13 7 in October so fundamental news is still bad in the US market obviously The bailout of Citi is seen in positive across the country and also worldwide We see that the bailout of Citigroup is somewhat of a lesion that the US government has learned from allowing early this year the major financial institutions to go past including Lehman Brothers as well as the failure of Washington Mutual figures US saving somewhat so we saw that the Bank of America rise 19 and Morgan Stanley up 22 Goldman Sachs was also up 23 and Citi was up 50 on the back of the rescue package so it is pretty much driven by the financials in the US We see that also in the broader market that was up as well 6 5 breaking that resistance there and actually close above that resistance the month since early November We also see that is supposed to get 2 day gain and the market hasn t been able to sustain since early October We see in the NASDAQ that it was up 6 3 and again breaking out that downward sliding channel and actually close the above that was a good sign We see that the rally continues in stocks like Apple and Microsoft Apple up 12 Microsoft up 5 and also Cisco was up 8 so all the stocks were all up in that market We also saw that Xerox forecast 2009 profits generally inline with expectations They are the biggest supplier in digital printer and document management services so that was seen as a positive and that were up 7 to 8 on the back of that In the UK we saw surge there up 10 biggest one day gain on record It managed to close above that psychological 4000 level and as we see here that that bounced off that downtrending line there Financials led the way again here with Royal Bank of Scotland up 7 HSBC up 4 Barclays up 10 and we saw Lloyd and HBOS up 18 and 17 respectively Insurers also surged as well with prudential up 20 Aviva up 9 and Legal General up 10 on the session The miners were also backing further with Kazakhmys BHP and Energy Natural Resources all up between 22 and 28 on the session That is well for out mining stocks today We also saw the retailers get a boost from that pre budget with Marls Spencers and Kingfisher all up between 7 and 10 on the session Cisco was also up 5 and 8 on the session Also in Europe the CAC and the DAX were both up 10 and 11 respectively The NIKKEI was close for yesterday The oil price moved up above 60 dollars We can see that it s the first time that it s closed above that downtrending moving average for loss since early November and that was on the back of just general positive return to confidence for the investor We also saw gold actually spiked though it was up again up 821 dollars on the close up 6 on the session We see that elsewhere in commodities we see silver up 9 copper up 6 lead up 2 7 zinc up 2 7 aluminum up 3 and nickel up 7 on the session We also saw the stock commodities 7 and 4 7 respectively So we see on continuity of the spike and today we see their heads up in what is happening there we are breaking out that downtrending channel SPI closed up 132 on the session and we have obviously a positive lead for out market today Elsewhere in news in out market Sun raised it s forecast which didn t help the share prices today and the concerns about the impact of the storms up in Queensland and the price of the share price had been down 3 for the day Babcock and Brown have extended their decision to Thursday still negotiating with their banks at the moment trying to stay business Telstra is showing determination right to the end and has 36 000 for that looking a fit for the news across the broadband It is a 4 7 billion dollar government facility and they are saying that they are not going to put a break forward until they get guarantee that the government wants to develop on the back of the successful bid for that new infrastructure Fortescue was up yesterday up and again energy and gold are likely to jump today as well as financials also here is obviously going to be higher on open and fairly well based Should you have any questions about the information provided within this presentation please call the equities and options desk or the CFD advice desk on the numbers provided and as always trade carefully Tags ASX ASX News BHP Nasdaq Nikkei S P500 stockmarket trading US Market wrap Posted in Stock Market Analysis No Comments Monday 24th November 2008 Cube Morning Wrap Monday November 24th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1297Kb Posted in Stock Market Analysis No Comments Stock Market Analysis Friday 21st November 2008 Cube Morning Wrap Friday November 21st 2008 Click here to watch the presentation or Click here to download the mp3 audio recording 1359Kb Transcription Below Good morning and welcome to Cube Wrap for Friday the 21st of November I am Michael Hevern for Cube Financial Stock Market Analysis The information provided within this presentation is general advice only and you should consult the services of a financial professional in order to ascertain whether the information is applicable to your investment strategies and risk profile Again this is general advice only Another dismal day on the Dow overnight down another 5 6 retracement continues here and we can see that s it s continued to start drifting down below that down trending line and support really some there in fact through the October lows and next level support is the slightly downtrend line that we have which is quite some way away We do have the autos still fleeting in Capitol Hill for a rescue package since the falling on deaf ears they re still talking about the Capitol Hill They are at 5 1 2 years lows on the Dow and the multitude of concerns at the moment is at increasing volume is increasing along the downward side US Markets We see that S P500 was also down broken through key support levels there It is below 1997 lows around those lows and again it is on increasing volume and we do have the trick with the options index futures options and the futures options all expired on the same day So this again apparently got to add more to the volatility levels there We see top new stories Senato pushed to compromise bailout package for automakers So there are still concerns there about the automakers going forward Bank of America CEO says that the crisis is a global recession and there is no chance of a turnaround until at least the next year I think that is even being optimistic JP Morgan is to lay off another 3000 jobs in the investor making on and then new crisis around at 10 of the banking staff and commercial mortgages and equities are set to double in 2009 The futures has noted that the index has resumed to 75 from 51 in previous year We also saw that financials weighed on the US with Citi falling another 17 and Bank of America falling 5 4 on the session The autos did state somewhat of a recovery with GM and Ford up on hopes that they may get a bail out package sooner or later The time is running up for them We see that the NASDAQ and Hi Tech index was down 3 8 as well We see this is tracking nicely that downtrending channel there getting close to the lower edges of that channel We see that there was board based selling in the NASDAQ We saw Apple Microsoft and Cisco all down 27 and 4 European Markets We also see that in the UK the FTSE was down 3 3 again those downtrending lines offering good guidance of where the market is going to It actually touched that downtrending line last night and finished above that This is good guidance as to where the market is going forward which is positive We see materials down and banks are mixed Bank of England also said that they are willing to cut rates nearly as necessary We saw Eurasian natural resources and Xstrata all down to 27 and 14 on the session and life insurers were sold off after there little spite yesterday with Aviva down 17 Prudential down 16 and legal and general down 13 Banking stocks were mixed with Royal Bank of Scotland up 8 8 as the investors or share holders made their own plan to take a merge of the government rescue package there for raising capital to raise the capital Lloyds and HBOS were up 5 and 12 respectively as their ongoing merger continues Barclays were sold off low with down 1 5 as share holders continued to discount the share price going forward because of the way that they raise their capital recently Elsewhere in Europe we see that the CAC is down 3 8 and the DAX was down 3 on the session Asian Markets In Asia we see that market down as well Nikkei down 7 sent to test the lows of October and it was on the back off stronger Yen which hurts the exporters over there Banks was sold down heavily as well to fetch the 61 decline in second quarter profits and we also saw Sumitomo Japan s number 3 bank saying it was to raise 2 9 billion dollars and preference issue Mitsui was 6 on the session as well Mitsubishi was 6 on the session We also saw the Mitsuo down 6 to a 3 week low and exporters of motor companies Mazuzu Honda were all down 16 and 6 respectively Other exports High Tech exporters were down 9 and TDK down 12 on the back off slowing economic growth and the stronger Yen Canon was also down 7 Panasonic down almost 8 and Sony also was down 6 on the session Elsewhere we see that Hong Kong shares were close down 4 and Chinese stocks actually were close down 1 6 They have been heavily earlier in the week We see that in oil that price got below 50 dollars in the trading session that managed to close just above at 51 dollars over 22 month lows The inventories for US were up for 8 straight weeks which we did report yesterday and obviously that is going on the market seen as a oversupply of the product at the moment Gold above the trend it was up 7 to 7 50 It was up around at 1 5 and finished just near that 750 mark We see that elsewhere in commodities silver was down 3 aluminum down 5 lead down 3 5 copper down 3 and nickel down 3 while zinc was actually up 0 6 In our market yesterday as expected the SPI was down again 163 point We are looking to price support there on the downtrending line but if you believe in being over sold the we must be getting close to that given that we pullback just about everyday since about the 5th of November that you can see on the chart We are tracking that downtrending arrangement as well Of interest in the US in the ADRs BHP was down 13 RIO down 12 We see the gold stocks index down 3 5 and the oil stocks index down almost 12 on the session We see Chevron and Exxon down 9 and 6 5 respectively The Banking ADRs were also down with ANZ down 9 and NAB down 6 on the session So pretty broad based negativity over there and that we would expect that to fly onto to our market The US do have short trading week next week Just added to the volatility we have Thanks Giving at the end of next week so that will probably add to the volatility in tonights session In the ASX the additional news we see that SUN was up significantly yesterday On speculation that they make selling there making division Coal producers were downgraded by almost yesterday and we could see that price Miners were likely to way on the back of lower commodity prices overnight Babcock and Brown are on the brink of foreclosure as they desperately speaking with there banking backers as they need more time to pay the 3 1 billion dollars worth of debt Telstra are facing industrial election in the next couple of days so that could be interesting so the pay and conditions going forward and we expect our market to open more again broad based selling will prevail Should you have any questions about the information provided within this presentation please call equities option desk or the CFD trading desk on the numbers provided and as always trade carefully By Michael Hevern Cube Financial Group Tags ASX ASX News BHP Capitol Hill Dow Nasdaq Nikkei S P500 stockmarket US Market wrap Posted in Stock Market Analysis No Comments Market Update ASX Top 20 Thursday November 20th 2008 Dear Members I have updated MDS Radio with a new recording covering the XJO DJI and the ASX Top 20 Best Regards Leon Hinde Click here to watch the presentation Posted in Stock Market Analysis No Comments Thursday 20th November 2008 Cube Morning Wrap Thursday November 20th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1590Kb Posted in Stock Market Analysis No Comments ASIC Lifts Short Selling Ban Wednesday November 19th 2008 ASIC announced that it would lift the current ban on short selling of non financial securities from opening of trading on 19 November 2008 but would continue the ban on covered short sales in financial securities ASIC put a 30 day ban on covered short selling of securities on 21 September 2008 and extended this ban on 21 October 2008 as market conditions remained difficult The ban on short selling of financial securities will remain in place until at least 27 January 2009 consistent with many other jurisdictions while ASX will maintain the ban on naked short selling indefinitely ASIC confirmed that financial securities would be those comprising the S P ASX 200 Financials including property funds plus five other APRA regulated businesses What Does this Mean for the Stock Market The ban was imposed to stop the market falling however it appears to have been ineffective On the day the ban was imposed the ASX 200 closed at 5020 This one day jump caused some investors a fleeting moment of joy but since that time the market has fallen to 3748 at the end of last week and is lower again this week In fact the market is down over 25 since the ban was imposed Some may say that short selling is the fuel that can kick start a strong rally once the bottom has been reached As short sellers cover their shorts to lock in profits this can catapult the market off the lows and allow it to push higher But the question remains when the bottom will occur as it has appeared to be reached more than once during the last year The news flow at present is extremely down beat with job cuts bankruptcies and recession dominating the media As far as the economy goes it is likely to get worse before it gets better however you must remember that the stock market will recover 6 12 months before the economy does Existing Short Positions Investors were able to hold existing short positions through the short selling ban but were unable to open new positions It is unlikely that the lifting of the short selling ban will encourage any of the investors that remained short during this time to alter their positions On the other hand do not believe that because the ban on short selling the market will now fall through the floor which was their reason for imposing the ban in the first place It is unlikely that there will be a flood of short sellers into the market once the ban is lifted just as imposing the ban did not stop the market falling in the first place Which Shares and Sectors are Most Vulnerable to Short Selling While financial shares in Australia are more robust than their US counterparts they are still likely to be hit by a down turn in the economy as their profits fall The cause of this drop will be rising loan defaults as overstretched consumers and businesses struggle to make ends meet In addition to this lending growth will slow due to tighter credit criteria and lack of confidence on the part of borrowers The ban on short selling these shares remains in place so it is likely that there will be no significant impact on these shares with the lifting of this ban With the economic slow down likely to continue for some time yet consumers are likely to tighten their belts further One of the first sectors to feel this will be the Discretionary sector of the market which includes your retailers tourism and fast food Car retailers and appliance retailers are likely to be particularly hard hit by a drop in sales and profit margins

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  • 2008 October | Online Stockmarket Trading Update
    down 3 on the session to 848 We saw the US government announced their rejections for the deficit is topping 1 trillion dollars for financial year 2009 and the US sales figures were released and they did jump 2 7 for the month The big concern or the big issue still is the availability of credit within the credit market that was starting to ease in the last few days but it is still very tight and corporate availability of credit is still very tight We also saw the auto makers up a little bit after US said that they are looking to provide 5 million dollars to facilitate the merger of GM and Chrysler In the UK we saw that market down 5 and through the day but they did manage to close around 0 8 on the session It is testing those lows there as well and we are seeing that it did close the lowest it s seen since April 2003 as banks were sold off significantly We saw stocks like Standard Chartered Royal Bank of Scotland and HSBC all down between 5 and 10 for the session Elsewhere we saw movement into defensive in the UK We saw the pharmaceuticals all up on the session with Glaxo up 5 We also saw few retailers on the rise as well with Morrison and Tesco and saying to be all up around about that 4 to 5 range Elsewhere in Europe we saw that French CAC down 4 on the session and the German DAX ended up 0 9 after big rally from Volkswagen which has been sold off quite heavily off late In the Asian markets we saw the NIKKEI down 6 3 on the close it is lows close since 1982 The G7 summit has raised its turns about the strength at the end saying it s problematic for the economy going forward to explore this and banks were all heavily hit We saw Toyota and Honda down around the 8 to 9 mark and Mitsubishi and Mizuho and Mitsui all down between 11 and 15 on the session as Mitsubishi financials said that they are looking to raise 10 8 billion dollars in order sure up a capital raise going forward Elsewhere we saw Hong Kong close to 13 low that is 12 7 low and Chinese markets were down 6 on the session In commodities we see that oil is looking to test the 60 dollar level ark which was yesterday which is testing the 70 dollar level It again closed down at 1 at 62 dollars We also saw that the gold price has made its way into the bottom there up to 742 up 12 dollars for the session Elsewhere in the commodities we saw that generally up actually with copper up 6 5 lead up 2 zinc up 1 5 aluminum up 3 4 and nickel up 11 on the session In news we saw sliver down 1 on the session Our markets still hostage to what is happening in the US include seeing something we see 60 stock sell there ASX 200 making 52 week lows is a significantly in our markets as well The SPI managed to be up 2 points but do not know whether they took into account the late sell off in the US We are at 3 years lows and you can see there that we are around those 2500 lows at the moment Should you have any questions about the information provided within this presentation please call equities and options desk or the CFD advising desk on the numbers provided and as always trade carefully Tags ASX Dow Nasdaq Nikk Nikkei Posted in Stock Market Analysis No Comments Monday 27th October 2008 Cube Morning Wrap Monday October 27th 2008 Presented Michael Hevern Cubfinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1233Kb Transcription below Good Morning and Welcome to Cube Wrap on Monday the 27th of October I m Michael Hevern for Cube Financial The information provided within this presentation is general advice only and you should consult the services of a financial professional in order to ascertain whether the information is applicable to your investment strategies and risk profile Again it is general advice only Well DOW went through another rollercoaster ride on Friday night but mostly was down which meant that more than 5 down and after a stay of trading we actually managed to trade above those levels and down 3 6 and that was above the opening limit We went though a 550 point range yet again and we seen 28 out of 30 days of triple digit movement and we have also seen the DOW moved down 23 for the month and we have also seen it down 15 weeks out of the last 19 and that is with a move of 32 in total down on in that duration We saw stocks above interest to out market The ADRs of BHP and RIO we saw BHP actually down on the 0 9 RIO was up 2 6 so we actually saw a bit of a bottom in those two stocks and we also saw the banks down with the ADRs for ANZ and NAB down 13 8 and 12 6 respectively We saw the gold stocks index up 4 6 and the oil stocks index down 5 after the opaque decision to cut production We also saw Exxon and Chevron were also down Chevron down 4 and Exxon down 1 9 so US steel down 2 3 In NASDAQ we have seen a fall of 9 for the week EBay and Yahoo said that they are going to cut jobs going forward and you can see there that we are at 2003 lows on the NASDAQ We also saw the SP500 down 3 5 for the session on Friday NASAQ was down 3 on the session In the UK we saw that market down as well and I think that was pretty closer to the big move down in the US for the limit down move in the US after selling in Asia as well We saw the FTSE down 5 for the session testing those 2003 lows It is testing the week good lows there as well That rally needs to trade up above that 4400 rally to close above that level known to indicate a bit of positivity over there It traded close below the 4000 level and we also saw BP Shell and Cairn energy all down 5 and 6 over there The big miners down Xstrata Longman and Anglo all down to 25 and 6 We saw the banks suffer as well Barclays Lloyds and HBOS were down 23 and 9 Elsewhere in Europe we saw the DAX down 5 one of the biggest falls there was Renault car auto makers over there are suffering quite a lot with Renault down 13 on the session Peugeot Citroen that was only down 1 5 and it has cut its margins going forward and also Volvo dropped 15 after it said that third quarter profit had fallen 37 on the back of weaker US demand and also good forecasts were reduced for the period of the next 12 months In Asia we also saw FedEx falling there with NIKKEI down 9 for the session the index was actually down 12 for the week and 50 for the year and biggest suppliers there were exporters and banks The big story over there is the fact that the Yen is at its 13 years highs against both the Euro and the US dollar and that is severely affecting the exporters over there Sony came out with a 57 fall in the annual operating profits and that is seen and also reduced their production going forward That is seen as indicative of other companies going forward as well We saw the NIKKEI was at April 2003 lows I think the FTSE and the NASDAQ were both at those lows as well Tech companies were also sold off in the Japanese market with Kyocera and Fanuc down 11 and 16 respectively Also in Asia we saw Hong Kong down 8 3 and Chinese shares were down 2 on the session In the commodities market we saw oil sold of down to 63 dollars just above 63 dollars after the bank significantly cut production by 1 5 billion dollars per day that did not help the market and it also did not help the PR relations for either In the gold market the bounce there was involved right there was down sharply on the start of the session but they closed up sharply as the liquidation of positions seem to be abating there going forward and the precious metal being seen as a safe haven in the medium turn I closed at 730 with up 2 on the session over 15 dollars So with West Texas down almost 6 closing to 4 dollars and copper down 7 on the session lead down 1 4 zinc down 2 8 aluminum down 1 8 and nickel up 7 silver was actually down 2 as well On out market I have got a chart here in today s chart of SPI for last 5 days and you can see there the earning grade is heading its down via critical levels today and we would need to see a turnaround in the US before we go through those levels I believe The SPI is down 37 points over the weekend RIO at 4 year lows and we are much hostage to what is happening in the US Stocks of interest in out market include who have halted retentions for their funds at the moment because of the number and quantity of retentions that are being requested there and that is also to do with the government guaranteeing the banks and not these funds for deposits Australian dollar had its biggest sell off it seen since it was slightly back in 83 it s at a 5 year lows and got all the way down to around about 60 cents on the weekend and they did close up above that at the end of session Sun is having their AGM tomorrow They are expected to announce the showing of the sale of their banking arm until that particular banking sector several down and prices normalized with somewhat and news in the PBL consolidated media is at James Packer is likely to step down from the PBL and has also rumors that he has been approached to putting a couple of injections into that company which is redacted ASX is likely to open lower but we for those bargain hunters out there just know that we did not have confirmation of a turn of market at the moment and we do need to make at least 3 day highs or weekly highs before we see the turnaround confirmed Should you have any questions about the information provided within this presentation please call the equities and options desk or the CFD advising desk on the numbers provided and as always trade carefully Tags ANZ BHP Dow NAB Nasdaq Nik Rio Posted in Stock Market Analysis No Comments Friday 24th October 2008 Cube Morning Wrap Friday October 24th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1180Kb Transcription below Good morning and welcome to Cube Wrap for Friday 24th of October I am Michael Hevern for Cube Financial The information provided within this presentation is general advice only and you should consult the services of a financial professional in order to ascertain whether the information is applicable to your investment strategies and risk profile Again it is general advice only DOW went for another roller coaster ride last night trading through a 500 point range and since buying was end of the session for a change It has bounced off the lows of the last 10 days and as you can see there it is yet to break that down to end line which is on an early chart The DOW was up 2 on the session finishing at 8691 Well SP500 was up 1 26 on the session was good to say that it was buying towards the end of the session We saw the NASDAQ eventually down 0 7 there after having tested the very lows Amazon and Microsoft came out with earnings and also Microsoft leads expectations for sales and earnings however they did both earn of the subdued economic environment going forward which will impact their earnings Some of the stocks of interest are GM are rumored to be looking to get more jobs and they would end it down 1 5 for the session The Goldman Sachs actually announced the 2 cutting the job force for going forward and the stocks were down 5 for the session Microsoft was up 5 after their earnings announcement however they were flat after market Stocks meters for out market include BHP the ADRs were down almost 3 and RIO was flat for the session Energy stocks did get a boost as head of the Opek meeting tonight Chevron was up 8 and Exxon up 9 for the session The oil stocks index was up 6 9 and the gold stocks index was down 5 after gold being sold off since the overnight Other stocks of interest Newmont was down 6 for the session gold stocks today In the NASDAQ we saw Apple up 1 4 Microsoft up 4 for turning down later after market Cisco down 1 for the session In the UK we saw the energy stocks were up there this morning so the index was down 1 overall and we saw the CAC and the DAX also down DAX was down 1 while CAC was up 0 4 for the session We saw energy stocks BP Shell and BG group were all up between 0 7 and 5 for the session Vodafone recovered somewhat and sell off in the March few days being up 5 as bargain hunters came in Miners were also hit in UK with BHP RIO and Xstrata all down between 3 and 9 for the session This BHP reiterated its short term demand that short term demand was faltering in the China and RIO was also noted both saying that they have cut their forecast for Chinese economic growth for 2009 to 8 to 9 I think it was about12 previous 12 months In Asian markets we saw that the NIKKEI down 2 5 after testing the lows of 2003 exposed bankers all were hit and there was a late rally shortcoming rally in the last session of the day in Japan We also saw Sony cut its earnings and upgrading month forecast by 57 and that is to be below the exporters over there Nippon steel steel maker to the market was down 2 2 Hong Kong shares were down 3 6 and Chinese stocks were down 1 for the session Oil did recover overnight ahead of the OPEC meeting there expected that the OPEC will cut the production to by 1 million barrels a day or more and that would appear positive for the price in short term at least In December gold was actually sold off heavily overnight It was down over 20 dollars closing at 714 for the session and there was the strengthening US dollar We see that the level goes back to a breakdown level in 2007 and also was touched 2006 We would expect that all traders will be looking to for gold to be trying for the price of around 700 dollar mark level Silver was up 0 4 we saw copper down 2 lead up 2 zinc up 5 6 aluminum nickel down 6 5 Commodities mixed overnight In out market SPI was down 63 points after significant buy in the last hour set of trading today on the back of the big move in the US and it did move around about 300 points in the last also In US out market set to follow what the US does at the moment We are testing low yesterday for third time We did write that level and it is noted to be very significant but out there are looking for the market to trade up above that down trending line which is as the level around that 4150 on the ASX200 which needs to be closed off in order to see changes there BHP and RIO and the EU reported they are going to report early next month The objections to the RIO and BHP take over a bit and suggested that BHP will be required to divest some of their investment in order to for the deal to go head DVB raising 1 6 billion dollars Reuters have stated that this will be up to 60 discount to the existing price much over that that is occasional mark that Citi have come out in their target going from one target to around that dull 60 going forward Tancorp have said that they may be cutting their dividends going forward That is a negative for that stock and Toyota is going to receive less royalties being down 53 ASX will open flat today maybe some target and is looking for opportunities with out market being sold down quite heavily this week We remember it is Friday and we have all 3 days for the trading in Should you have any questions about the information provided within this presentation please call the equities options desk or the CFD advising desk on the numbers provided on the slide and as always trade carefully Tags CAC DAX Dow Nasdaq Posted in Stock Market Analysis No Comments Thursday 23rd October 2008 Cube Morning Wrap Thursday October

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  • 2008 September | Online Stockmarket Trading Update
    107 still above the 100 dollar mark a day the oil was down that did impact on price obviously In the gold market we saw gold up over 895 dollars on the oil price and the weak US dollar Rest of the commodities was down generally with copper down 1 lead down 0 3 zinc up 1 1 aluminum and nickel down 0 3 and 0 05 respectively We saw a sell off in the stock commodities as well with Wheat down 2 7 and Corn up slightly 0 4 In our market we see that the ASX is set open high again today The market is trading around the 5000 mark in the all ords and just below that in the ASX 200 We do not really have a lead from the US those with convictions and this is the low time to pick up stocks We are closing the gaps that we made last week and stocks like RIO has closed the gap NAB has recovered quite considerably from last week s sell off and it is starting to get on the right of the broken shares as well and they are saying that they are not likely to have to raise small capital short term and they are looking to sell off assets into the plan if and when it does appear SPI was down 34 point Elsewhere on the ASX there are rumors that the short selling ban will be lifted sooner rather than later Financials likely to consolidate on the market RIO and BHP likely to weigh just stock prices of the weaker commodity prices The ADRs were BHP was down 1 RIO up 0 2 gold stocks were likely to offer support mostly and Newcrest in the last couple of weeks and you expect to be the consolation around these levels Today the giants continues to confound the retractors with the evening DOW up 25 profit up 25 and they have also increased the dividend So an excellent report there Sum has been placed on the radar by Deutchse Bank they have upgraded to buy given the considerable sell off that that particular stock has suffered in the last few weeks saying that the current evaluations pay on the banking units around that 5 times of earnings and the insurance part of this is trading around 30 discount to that of IAG So obviously fundamentally that should bode well for the Suncorp network price ASX will open lower today but those with the conviction that we are seeing a bottom here will be looking to buy into this market look for stocks with cash on the books and low debt and good possibilities going forward Should you have any questions about the information provided please call the equities and options desk or CFD trading advising desk on the numbers provided and trade carefully Tags ASX BHP Deutchse Bank Dow Nasdaq Suncorp Posted in Stock Market Analysis No Comments Market Update ASX Top 20 Wednesday September 24th 2008 Dear Members I have updated MDS Radio with a new recording covering the XJO DJI and the ASX Top 20 Best Regards Leon Hinde Click here to watch the presentation Posted in Stock Market Analysis No Comments Wednesday 24th September 2008 Cube Morning Wrap Wednesday September 24th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 888Kb Posted in Stock Market Analysis No Comments Short Selling Ban Tuesday September 23rd 2008 Please note that in light of Sunday s ASIC statement MDS Financial Trading have instituted a temporary restriction on short selling all Australian stocks For full details please see the ASIC website announcement here There is also a temporary restriction on short selling more than 30 UK financial stocks as of midnight London time Thursday 18 September 2008 and the US regulator SEC has also announced similar restrictions on certain financial stocks more Posted in Trading Software No Comments Tuesday 23rd September 2008 Cube Morning Wrap Tuesday September 23rd 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1217Kb Transcription below Good morning and welcome to Cube Wrap for Tuesday 23rd of September I am Michael Hevern for Cube Financial The information provided within this presentation is general advice only and you should consult the services of a financial professional in order to ascertain whether the information is applicable to your investment strategies and risk profile Again it is general advice only Well the Dow had another volatile session overnight down 3 at this time after consent of the rescue plan being proposed by the US government met with concerns by the investors We saw there was a particular concern in detail as well the congress will actually ascertain what impact that will have on US company going forward We saw some news in the financial sector with Morgan Stanley selling at 26 stake to Japanese bank Mitsubishi financial group and it was in the order of 8 4 billion dollars and saw Morgan Stanley rise on the back of that up 9 They were down 31 for the stage Other news were GM had its trading cut by the Fits Group starting the liquidity access to come through capital and the fact that they moved around the 3 5 billion dollar credit facility and also cut the dividends going forward as well S P have held their ratings in the stage for June Other news about the bank group was the third of the banks whole GSE stock which is the stock that the US government is going to buy back and that is a concern US government is going to fight the bear We saw JP Morgan General Motors and Bank of America giving back a lot of the gains from spike on Friday night Short selling ban really did have the impetus or follow through with the implications that was expected and were also added to the list of financial stocks which is currently shorter in US You can see volatility is key we saw the average volatility that was around a couple of years ago about 1 but this month we ve been seeing about 3 moves quite regularly in the US markets Key indicator of a bottom forming but time will tell it really needs to break the monthly ties to indicate change in trend for the US markets going forward The NASDAQ down 4 so profit taking Big news in the NASDAQ was the fact that Microsoft Nike and HP all buying back shares in the order of 53 billion dollars in total so that should help that market going forward We saw Microsoft was actually up 1 Apple down 7 and Cisco down 4 5 on the session Other key stocks that would of interest to the Australian market BHP and Rio up 4 and 5 5 respectively The gold index was also up 7 5 on the session while the oil index was down 0 8 We saw Chevron and Exxon down around about 1 and Dumont up 6 on the session The banks ADRs were mixed with the ANZ flat for the session while NAB was down 3 5 for the session We saw a spike in James Hardy up 8 9 on the session so that will not be interesting for lists of stocks in our market On UK markets we saw it down 1 4 still above the 5000 psychological level there crude prices spiked and that had an impact on these equities market in the UK Energy stocks did gain but there was fear of inflation worries going forward due to that spike The biggest banks or big banks weighed on the sector with stocks falling between 4 and 6 across the board In financials services industry oils and energy stocks were up back of the spiking oil price with energy stocks up between 2 and 4 5 while miners were mixed with Xstrata BHP and Rio rising between 1 7 and 3 3 in UK market Vodafone shed 2 6 In the Asian markets we saw Japan up 1 4 abit conservative there because the market is closed today and banks were up with Mitsubishi and financial group up 4 2 silver up 2 9 on the session The largest Japanese mortgage center that it is looking to invest in the Asian and European operations of investments Honda was up 5 and the Industrial Maker was up 3 6 on the session Elsewhere in Asia we saw Hong Kong up 1 6 and Chinese market surged 7 7 on the session Oil the big news of the day we can see there a spike over 25 dollars during the session which is a short squeeze between the change over of contracts It was biggest game every in the oil market and we can see there what an impact it had it will be interesting to see where that holds up because it was definitely a spike in the liquidity in the market The oil price actually got up to around about 130 dollars at one stage So investors are looking to get away from the US dollar and into commodities we saw gold up on the back of that as well closed above 900 dollars 992 USD had its biggest falls against Euro since the Euro came into exception and gold prices were spike in the oil price It helped the other commodities as well with CRB index having its biggest gain since 1966 Gold was up 5 and up over 18 copper up 2 7 lead up 4 7 zinc up 3 4 aluminum up 0 4 and nickel up 3 2 We also saw short covering the stock commodities well with wheat up 2 7 and corn up 3 ASX the SPI was down over 111 points overnight they are set to get back into the ball game that we looked at yesterday Look at the stocks which spiked yesterday and get back gains early and the short selling ban effectiveness that was really questionable towards the end of the day yesterday as we did see a slight decline Still concerns up there about volatility of the market Financials were weighing on the market today as they are the big movers in the last few days Rio and BHP ADRs up over 3 New Crest and Lihir are set to offer support and Newmont was up over 60 in US Gold price up significantly as well Energy and blue chips are likely to consolidate in this market given spike in the oil price we are expecting to open lower this morning and we expect to see profit taking Should you have any questions about the information provided within this presentation call the equities and office desk or CFD advising desk on the numbers provided and as always trade carefully Tags Dow Morgan Stanley Nas Nasdaq spi vodafone Posted in Stock Market Analysis No Comments Monday 22nd September 2008 Cube Morning Wrap Monday September 22nd 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1021Kb Transcriptions below Good morning and welcome to Cube Wrap for Monday the 22nd of September I am Michael Hevern for Cube Financial The information provided within this presentation is general advice only and you should consult the services of a financial professional in order to ascertain whether the information is applicable to your investment strategies and risk profile Again it is general advice only Well the Dow continued its recovery on Friday night up another 4 after the US government handed down a bailout package in the order of 1 trillion dollars and 800 billion dollars set aside to accommodate the toxic mortgage issues that are prevailing in the US and also another 400 billion dollars put aside to insure the market money funds So that there is continued liquidity in the market There was a ban on short selling which helped all the financials and we saw the biggest 2 day gain in 20 years The index was down 0 3 for the week and down 14 here to date that would be loss with 1000 point trading range that was sold off during last week In the NASDAQ we saw that recovered 3 4 up 0 6 for the week You can see that it is fairly strong there even though there was great support last week and we are back into middle higher than the trading range that we see that prevail this year In the US stocks AIG which was up 43 which is placing AIG in the day up 3 7 on Friday and it was up 5 for the week Other big movers in the US included the gold stocks index which was up nearly 4 and the oil stocks index up almost 8 on Friday We saw Newmont up 5 5 BHP and Rio up 9 and 14 respectively and we also saw the steel stock up 9 5 and US steal up Energy stocks were also up Exxon up 2 4 and Chevron up 6 on the session so pretty good price move there It was up two for every one declined We saw SP500 up 4 03 as well for the day In the UK we saw that market have its biggest one day gain ever since the session which was back about 24 years ago up 8 8 on the session above the 5000 level 5000 to 5300 Again there is story about financials surging with all banks All banks up between 17 and 32 with Lloyds up 20 and again over there there was a ban on short selling for the financials Insurance stockholders have recovered substantially as well as prudential and mutual levels between 11 and 23 on the session The energy stocks also had a good day with BG Shell and BG group all up around between 6 and 12 on the session Retailers did have a pretty good week last week continue their games and up another between 6 to 12 Friday night Across in Europe we saw the European shares with DAX up 5 6 and the CAC up 9 on the session The move on the CAX was up the biggest gain in 20 years and the Volkswagen which was sold down and we saw the Nikkei up 3 7 It looks like it is set to bounce off that support level there We saw the banker and exporters recover substantially as the dollar appreciated against the Yen We saw Mitsubishi and Sumo up around that 9 5 on the session and exporters such as Canon up 8 6 and it the Industrial make Fanuc up 12 on the session Elsewhere in Asia we saw Hong Kong put on 10 and Shanghai similarly 9 5 fairly good price bounced across all world markets Oil up above the 100 dollar mark shifting around the 103 dollar mark there You see that critical level is 100 dollars and hope that is can hold that so it is same around there but we have broken that down in line which has prevailed for the last 3 weeks looking for support there On the Gold front this was around 900 dollar last week and settled down around 880 dollars at the end of the weekend Base metals were up on the free end as well with copper up 4 6 lead up 5 3 zinc up 3 8 aluminum up 1 6 and nickel up 1 3 We also saw lot of the commodities up around about the 3 mark this week up 3 6 and going up 2 8 On the ASX we set for further recovery there the SPI was up over 133 points and you can see there we did raise for the last week since the holding above that at the start of this week The big story will be the ban on short selling on the bankers and insurers Stock with RIO and BHP up substantially in the ADRs It was up 9 and 14 respectively so we should see a bounce there as well The gold stocks should hold there own and Newcrest and Lihir should at least consolidate We did see Newmont up 5 5 so that s a good lead for those stocks energy stocks should be bound by the higher oil price and we will be interested to see Macquarie continuing to recovery it has recalled a lot of it s stock that has been out there for short selling so we should see a sustained move there We will definitely open higher today and you will expect to see some market changes especially in the insurers and banks Should you have any questions about the information provided within this presentation please call the equities options desk or the CFD advising desk on the numbers provided and as always trade carefully Tags BHP Dow Macquarie Nasdaq share price Posted in Stock Market Analysis No Comments Friday 19th September 2008 Cube Morning Wrap Friday September 19th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 981Kb Transcription below Good morning and welcome to Cube Wrap for Friday the 19th of September I am Michael Hevern for Cube Financial The information provided within this presentation is general advice only and you should consult the services of a financial professional in order to ascertain whether the information is applicable to your investment strategies and risk profile Again this is general advice only Well the DOW had a recovery overnight based on the fact that there is boosted liquidity with government making available progress to the financial institutions to ensure that the liquidity of the market does not freeze up We also

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  • 2008 August | Online Stockmarket Trading Update
    of turmoil in the credit and real estate markets and they are also requesting forecasting earnings of 5 5 going forward and also rejected rumors that they are looking to rise comfortable at the moment NIKKEI was the big news yesterday with UBS downgrading the forecast down to 48 dollars and subsequently Macquarie was sold down 10 on the session As hedge funds stepped in to rub salt into the wounds there We have reporting on AMP Babcock and Brown Capital Macarthur Coal Origin and Centel today with quite a number of stocks reporting tomorrow as well Expect the ASX to open up today lead by financials and the big miners will also assist in the move today with BHP and RIO up around about 1 6 on the ADRs overnight The gold stocks index in the US were up 2 3 and the oil stocks index was up 1 6 on the US markets so you could see that we should expect supporting in those areas as well Should you have any questions about the information provided within this presentation please call the equities and options desk or the CFD advising desk on the numbers provided and trade carefully Posted in Stock Market Analysis No Comments Market Update ASX Top 20 Wednesday August 27th 2008 Dear Members I have updated MDS Radio with a new recording covering the XJO DJI and the ASX Top 20 Best Regards Leon Hinde Click here to watch the presentation Posted in Stock Market Analysis No Comments Wednesday 27th August 2008 Cube Morning Wrap Wednesday August 27th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1311Kb Posted in Stock Market Analysis No Comments Who s who in the zoo Chief Operating Officer Damian Isbister Tuesday August 26th 2008 In the first edition of Reflections we would like to introduce you to our new Chief Operating Officer Damian Isbister Damian has been involved in the financial markets since 1998 and has held various roles in this sector He has an excellent knowledge of information technology issues including web based services and has a particular interest in online media and marketing and also brings skills obtained from advising companies in the mining IT financial services and consumables sectors Damian was previously Investment Manager for an MDS Financial Group subsidiary company and brings a strong supply and distribution dynamic to the team and is driven by having the same goals and getting the best out of himself and the people around him Recently married he relocated from Noosa to our Melbourne office and to say he was an avid Cat s fan is an understatement so he blends right in to the sports capital of the world His next challenge is to find a new home and if there was a place available at Kardinia Park he would live there Damian enjoys travel and is about to embark on a belated honeymoon to Europe

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  • 2008 July | Online Stockmarket Trading Update
    Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1083Kb Posted in Stock Market Analysis No Comments Wednesday 23rd July 2008 Cube Morning Wrap Wednesday July 23rd 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 984Kb Posted in Stock Market Analysis No Comments Tuesday 22nd July 2008 Cube Morning Wrap Tuesday July 22nd 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 908Kb Posted in Stock Market Analysis No Comments Monday 21st July 2008 Cube Morning Wrap Monday July 21st 2008 Presented by Miochael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 846Kb Posted in Stock Market Analysis No Comments Friday 18th July 2008 Cube Morning Wrap Friday July 18th 2008 Pesented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1036Kb Posted in Stock Market Analysis No Comments Older Entries RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Stock Market Analysis Markets Higher As Investors

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  • 2008 June | Online Stockmarket Trading Update
    Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1029Kb Posted in Stock Market Analysis No Comments Friday 20th June 2008 Cube Morning Wrap Friday June 20th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 1214Kb Posted in Stock Market Analysis No Comments Thursday 19th June 2008 Cube Morning Wrap Thursday June 19th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 847Kb Posted in Stock Market Analysis No Comments Wednesday 18th June 2008 Cube Morning Wrap Wednesday June 18th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 967Kb Posted in Stock Market Analysis No Comments Tuesday 17th June 2008 Cube Morning Wrap Tuesday June 17th 2008 Presented by Michael Hevern Cubefinancial Click here to watch the presentation or Click here to download the mp3 audio recording 782Kb Posted in Stock Market Analysis No Comments Older Entries RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Stock Market Analysis Markets Higher As Investors Play Catchup

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  • 2008 May | Online Stockmarket Trading Update
    here to watch the presentation or Click here to download the mp3 audio recording 1199Kb Posted in Stock Market Analysis No Comments Tuesday 13th May 2008 Cube Morning Wrap Tuesday May 20th 2008 Presented by Michael Hevern Cube Financial Click here to watch the presentation or Click here to download the mp3 audio recording 921Kb Posted in Stock Market Analysis No Comments Pivot Points Monday May 12th 2008 Hi Everyone As mentioned in one of the comments in a prior blog posting no Pivot Points indicator is currently included in the Market Analyser However since the Market Analyser supports indicator scripts I decided to create a Pivot Points implementation as a script for people to use Note that this is not an officially supported indicator but something that I wrote yesterday evening in my personal free time This implementation of the indicator detects whether you re viewing an Intraday or Daily chart and adjusts its calculations accordingly On an intraday chart it will use the available data from the prior trading session for the calculations This means that if you re viewing an intraday chart after 10am then the calculations will be from the day before but if you re viewing the chart before 10am or before the market is open then the calculations will be from two days ago and applicable to the trading session from the prior day This indicator doesn t currently recognise Weekly or Monthly charts and will not operate correctly on those chart periods You are welcome to view edit copy and learn from the source code to make your own indicators These can be discussed in the Developers Corner forum You can download the indicator from here Please save the indicator into the Analyser Scripts Chart Indicators directory of your installation After doing so the Pivot Points indicator should be available in the Plotted Scripts drop down button on the Chart Window toolbar The reference I used to create this implementation comes from Mark McRae His page includes further information on how Pivot Points can be used as part of a trading strategy Note that future updates to the Market Analyser may include a version of this indicator but the indicator will need to pass an audit before it s formally included Posted in Trading Software No Comments Monday 12th May 2008 Cube Morning Wrap Monday May 12th 2008 Cube Market wrap presented by Henry Jennings Click here to watch the presentation or Click here to download the mp3 audio recording 1234Kb Posted in Stock Market Analysis No Comments Older Entries RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock

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  • 2008 April | Online Stockmarket Trading Update
    Wrap presented by Henry Jennings Click here to watch the presentation or Click here to download the mp3 audio recording 1629Kb Posted in Stock Market Analysis No Comments Monday 21st April 2008 Cube Morning Wrap Monday April 21st 2008 Cube Morning report presented by Henry Jennings Click here to watch the presentation or Click here to download the mp3 audio recording 1879Kb Posted in Stock Market Analysis No Comments Friday 18th April 2008 Cube Morning Wrap Friday April 18th 2008 Cube Market Wrap presented by Henry Jennings Cube Sydney Click here to watch the presentation or Click here to download the mp3 audio recording 1634Kb Posted in Stock Market Analysis No Comments Thursday 17th April 2008 Cube Morning Wrap Thursday April 17th 2008 Cube Morning Wrap presented by Henry Jennings Click here to watch the presentation or Click here to download the mp3 audio recording 1710Kb Posted in Stock Market Analysis No Comments Wednesday 16th April 2008 Cube Morning Wrap Wednesday April 16th 2008 Cube market wrap presented by Henry Jennings Click here to watch the presentation or Click here to download the mp3 audio recording 1215Kb Posted in Stock Market Analysis No Comments Older Entries RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types

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