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  • The Covered Call Collar: Part 3.1 of Options Trading for All Types of Market Environments | Online Stockmarket Trading Update
    resistance level has held since 2008 So we bought protection at 26 50 by buying 2650 MAR13 Put for 0 365 and then wrote the 2750 MAR13 Calls for 0 27 We paid 9 5c contract insurance for this trade and the position remains open We are protected until March expiry below 26 50 and profits will be capped at 27 50 Chart 1 ANZ Bank ANZ Covered Call Collar Trade Chart 2 The payoff diagram for the ANZ Bank ANZ Covered Call Collar trade Trade Note ANZ Bank ANZ is still trading between the 26 50 and 27 50 option strike levels and only time will tell whether the share price will end up at expiry but we are protected until March expiry down to 26 50 and profits will be capped at 27 50 for a cost of 9 5c contract Note you can close either side of the trade before expiry if you believe the insurance is no longer necessary Trading Software Utilise the features in the d2mxIRESS software to plan your trades for the options strategy using your specific trade selection criteria You will save time and potentially reduce your trading risk Sign up for a free 14 day software trial here Bonus For trade ideas and recommendations on how to trade in this market sign up for a free trial of the D2MX Daily Trading Report which provides a daily serving of insightful market analysis from the D2MX Advisory team including Trade ideas and strategies Dividend enhancement strategies Market scans to watch International market analysis and Highlights from the S P ASX 200 To request an obligation free trial call 1300 610 024 or email advisory d2mx com au Good luck in your investing and please give us a call if you would like assistance in boosting protecting your investment returns Michael Hevern Investment Adviser D2MX This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected

    Original URL path: http://blog.traderdealer.com.au/2013/02/01/the-covered-call-collar/ (2013-02-02)
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  • Stock Market Analysis | Online Stockmarket Trading Update
    Some traders are even ringing the bell as China s Shanghai Composite exited its longest ever bear market yesterday following a 756 day perdiod without a 20 percent gain from 8 Nov 10 through 3 Dec 12 which is its longest on record according to Bloomberg and where the gauge fell 38 percent during the period In China the SSE Composite up 0 5 at 2 359 while in Hong Kong the Hang Seng Index closed up down 0 1 at 23 655 and in Japan the Nikkei 225 Index was up 0 4 at 10 866 South Korean KOSPI closed up 0 8 for the session Commodities The Dollar Index was at lower 79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Markets Higher As Investors Play Catch Up Weekly Market Wrap Friday January 25th 2013 Traders globally have continued to push markets higher as they charge into 2013 Read today s Analyst s Eye for our review of 2012 and guidance for investing in 2013 The Australian market has now traded higher for nine of the past ten weeks and trading volumes are picking up The Aussie market is likely to trade higher into the end of month next week Stock prices continue to rise consistently as they have done since the November lows in the US and the European markets as well US stock markets continue to rise as the earning season gets underway in earnest Of the 134 S P500 companies that have reported 97 have exceeded expectations The markets are now pushing beyond their 5 year highs and are now just 4 below all time highs The next near term target for the S P500 is 1525 The US House voted to temporarily suspend the nation s borrowing limit as they lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data and an index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies European stock markets have continued higher since last November The Europe Stoxx 600 is up 3 3 for the year and trading volumes are picking up Traders have shrugged off news that the World Bank had cut its global growth forecast for this year to 2 4 percent down from last year s forecast of 3 percent and after global growth of 2 3 percent in 2012 The World Bank said austerity measures high unemployment and low business confidence were likely to weigh on economies in developed nations The European earnings season has begun with nine companies listed on the Europe Stoxx 600 due to report earnings this week while 41 report next week The three benchmark indexes are all close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market is higher on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December A reading below 50 indicates contraction Asian stock markets have had a great start to 2013 but eased back this week with the regional benchmark indexes backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China expecting growth of 8 2 percent this year and 8 5 percent in 2014 The MSCI Asia Pacific Index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 The Australian market has had another strong week and looks set to test the 4850 level near term The market held above the 4750 level and is now hovering above the 4800 level having broken above the highs of May 2011 Our market has rebounded strongly since the November lows on the back positive sentiment around the globe and as the Aussie banks continue higher in the chase for yield We have also seen money pour into industrial and resource stocks as investors look for a turnaround in these sectors for 2013 Key levels for the index next week will be 4750 and 4850 with 4800 the key short term pivot level Be aware that we may see a short term top in the market in the next couple of weeks so be ready to protect your position and or take profits Traders continue to be optimistic and were right to ignore the impending US debt ceiling which has been pushed back to mid May on the back of positive news flow regarding the state of the Chinese US and European economies Remain attuned to the news from overseas particularly from the eurozone China and the US jobs and earnings Monitor the US dollar for a guide to the future direction of commodities and equities prices Investors can have cheap insurance for their portfolio and look to put their money to work while reducing their risk by using options and warrants strategies Contact me at D2MX Advisory on 1300 610 024 and we can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags ASX News debt ceiling earnings season eurozone market news us market news Weekly Market Wrap XJO Posted in Stock Market Analysis No Comments Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Friday January 25th 2013 Last week we wrote about Investing in 2013 suggesting that 2013 promises to be less challenging than 2012 Given there is still plenty of money on the sidelines and that the RBA cash rate is expected to fall even lower than the current 3 percent the share market is a logical avenue to achieve better returns than the dwindling cash rate And the markets pushed even higher this week Yield and capital growth will be a recurring theme again this year In today s article we do a top down analysis of the Australian market as 2013 gets underway in an attempt to assess what may be ahead for us in 2013 Australia in 2012 The Aussie market rebounded strongly in the first quarter of 2012 and again in the latter quarter of the year The gains were led by the stellar performance of the banks and other high yielding sectors throughout the year and were eventually joined by the materials and industrials sectors with money moving from the sidelines as the RBA cash rate fell to 3 0 percent All in all many investors will be ruing not participating in the eventual returns in equities for the year but even as late as the end of November the ASX was looking at subdued returns for the year CHART ASX200 Performance for 2012 2013 has begun with a bang as investors who have been heavily weighted in cash over the past couple of years scramble to get on board the equities train The ASX 200 has jumped 3 5 year to date YTD and is up a whopping 11 from its November lows refer to the chart below We may see the market trade even higher near term if the market does not consolidate which is what the bulk of the retail investors are waiting for There is an old adage about the market in that it will go in the direction that causes most pain to the vast majority of investors At the moment it is very painful for those investors who continue to sit on piles of cash as the share market runs away CHART Recent Market Performances Commodities The Australian economy is heavily dependent on the commodity cycle so let s check out what s happening with commodities Commodities had a roller coaster ride throughout 2012 Gold silver and copper prices shone but aluminium and crude oil prices underperformed Crude oil prices actually finished in the red for the year as illustrated in the chart below Base metals had another tough year weighed down by the slowing economic growth in China CHART Commodity Price Performance for 2012 and 2013 YTD Moves Iron ore was a major driver for the materials sector on the ASX with spot prices ranging from over US140 down to below US90 and then recovering over 60 from their September lows to once again trade over US150 Expect iron ore prices to drive our materials sector again this year This chart also illustrates that commodity prices have begun 2013 with continued momentum Gold is holding its long term uptrend as long as the US1 600 support level holds the price should be support by all the central bank easing that is happening world wide Copper has been crawling higher in the past eighteen months and the 320 level needs to hold to support the current drift higher Silver has been crabbing sideways for the past couple of years and looks set for a major move medium term Crude oil is trapped within a range between US80 and 110 with US100 the key pivot level this year The positive trader sentiment has continued into 2013 as seen by the green bars on the above chart Investment Themes For 2013 Investors will need to be nimble again this year in managing their portfolio and trading positions Buy and hold has not worked in the past few years resulting in investors having to become more active Next week we will analyse the market by sector and identify some interesting trends If you can t wait till next week then request the bonus below which also highlights investments themes and how to invest for 2013 Bonus We have compiled a Special Report on Investing in 2013 where we cover Evaluation of the Australian market and what to expect in 2013 Evaluation of commodities prices Top down sector analysis on the Australian market Sectors to focus on this year Investing for Yield and our view on interest rates Investment themes How to survive 2013 For a free BONUS report email advisory d2mx com au or call 1300 610 024 You can also request the trading results from our Advisory service which performed well in excess of the overall market return in 2012 For trade ideas and recommendations on how to trade in this market sign up for a free trial of the D2MX Daily Trading Report which provides a daily serving of insightful market analysis from the D2MX Advisory team including Trade ideas and strategies Dividend enhancement strategies Market scans to watch International market analysis and Highlights from the S P ASX 200 To request an obligation free trial call 1300 610 024 or email advisory d2mx com au Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you boost your returns on investment Michael Hevern Investment Adviser D2MX Trading This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected 2011 Market Performances CHART Market Performances in 2011 Go to Top Tags ASX Commodities interest rates investing in shares stock trading tips where to invest XJO Posted in ASX Trading News Stock Market Analysis Trading Strategies No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos

    Original URL path: http://blog.traderdealer.com.au/category/stock-market-analysis/ (2013-02-02)
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  • Asian Market Wrap | Online Stockmarket Trading Update
    gains The MSCI Asia Pacific Index was up 3 1 in January on the back of news that showed the Chinese economy is recovering This index is up nearly 11 from its June lows led by Japanese stocks on optimism that the new government will take the necessary steps to fight deflation In Japan the market eased back from its 33 month high after capping its longest monthly winning streak since August 2009 Japan s central bank committed to an aggressive asset buying program to start next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares rose for a second month up 5 1 percent in January the best performance among the biggest emerging markets Chinese traders are ringing the bell as China s Shanghai Composite exited its longest ever bear market yesterday marked by a 756 day period without a 20 percent gain This is its longest on record according to Bloomberg and the gauge fell 38 percent during the period The market is now at its highest level in eight months and is up over 20 from its 4 year low of last year entering a bull market after government data showed the economy expanded in the last four months of 2012 ending a seven quarter slowdown The Hong Kong market eased back from 21 month highs The Aussie market is finishing the week higher and has now risen ten of the past eleven weeks The market is testing the 4900 level near term The market has held above the 4850 level is now hovering above 4900 and looks set to test levels not seen since 2008 Our market continues to rebound strongly since the November lows on the back positive sentiment around the globe and the Aussie banks continuing higher in the chase for yield but we have also seen money pour into industrial and resource stocks as investors look for a turnaround in these sectors for 2013 We are moving into the Aussie reporting season later this month Key levels for the index next week will be 4840 and 4940 with 4900 the key short term pivot level Volatility remains subdued and affords cheap protection as the markets are moving higher Traders continue to be optimistic on the back of positive news flow regarding the state of the Chinese US and European economies Remain attuned to the news from overseas particularly from the eurozone earnings China and the US jobs and earnings Monitor the US dollar for a guide to the future direction of commodities and equities prices Investors can have cheap insurance for their portfolio and could look to put their money to work while reducing their risk by using options and warrants strategies Contact me at D2MX Advisory on 1300 610 024 and we can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern

    Original URL path: http://blog.traderdealer.com.au/tag/asian-market-wrap/ (2013-02-02)
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  • ASX News | Online Stockmarket Trading Update
    for February delivery was up 0 1 5 at US3 675 while February Gold was up 0 9 or US15 40 at US1 667 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England ORI Orica faces problems over mercury levels in Botany Bay SWM Rio Tinto chief executive Sam Walsh has resigned as a director of Seven West Media following his appointment to the global miner s top job and relocation to London WBC Westpac is raising 500 million through the issue of hybrid securities top investors to strengthen its capital position WES Wesfarmers has lifted its 1H13 sales across all retail divisions as customers flocked to its stores in record numbers over the Christmas period Company Reporting AWE Coalspur Mines Linc Energy Mineral Resiources Lynas Corp Orica Origin Energy Roc Oil Woolworths Silver Lake Resources Ex dividend Date None Market Summary ASX to open lower US UK Europe lower US ADRs Broadly lower By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap No Comments Stock Market Analysis Markets Reach Bull Market Territory Wednesday January 30th 2013 US stock markets rose overnight edging ever closer to their all time highs European stock markets rose to the highest level in almost 2 years Asian stock markets traded higher yesterday as the Chinese bear market ends Commodities prices were higher Gold prices are trading around US1 662 while crude oil closed around US97 The Australian market has capped its longest winning streak since 2004 up nine straight days and is in bull matrket territory up over 22 from its June lows and up over 13 from its November lows The Aussie market is looking to open flat today as stock prices were higher again in the US and European markets overnight Chinese manufacturing expanded at the fastest rate in two years in the past quarter The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will again be in focus likely to be negatively impacted by the Queensland floods Wesfarmers is reporting quarterly figures today SPI Futures is trading above the key level of 4800 ended down 0 1 or 2 points at 4852 The key levels for our index today are 4830 to 4860 See below for ASX listed companies in the news today US Markets US stock markets rose overnight edging ever closer to their all time highs The three benchmark indexes ended higher overnight with the Dow Jones Index and the S P500 index trading at 5 year highs and only 3 below all time highs All the S P500 sectors ended in the green except for Consumer Discretionary down 0 4 with the gains led by the Energy up 1 6 Materials Healthcare and Financials sectors all up over 0 4 The next target for the S P500 is still 1525 in the near term Trade sentiment was boosted by news that the S P Case Shiller index of US property values increased 5 5 percent from November 2011 the biggest YoY gain since August 2006 Of the 175 S P500 companies that have reported 3 in 4 have exceeded expectations according to Bloomberg surveys The US Federal Open Market Committee FOMC 2 day meeting that started overnight where the central bank is expected to renew its commitment to asset buying program The latest round of bond buying will reach US1 14 trillion before it is scheduled to end in the first quarter of 2014 The Dow Jones closed up 0 5 at 13 954 the S P 500 index up 0 5 at 1 508 the Nasdaq ended down 0 1 at 3 154 and the smaller cap Russell 2000 was up 0 1 European Markets European stock markets rose to the highest level in almost 2 years as European companies began reporting earnings The Stoxx 600 was ended rose 0 3 for the session and is still at levels not seen since February 2011 The index is up 3 8 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes rose and remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Across the region the miners led the gains In Germany the market advanced as a reports showed the Nuremberg based market research company forecast that its consumer sentiment index will rise to 5 8 from a revised 5 7 in January The DAX index is now up 3 1 for the year so far In London the FTSE 100 was up 0 7 at 6 339 in Germany the DAX closed up 0 2 at 7 848 while in France the CAC closed up 0 1 at 3 785 and Spain closed down 0 3 Asian Markets Asian stock markets traded higher yesterday with the regional benchmark index having its biggest gains in a week The MSCI Asia Pacific Index rose 0 9 and the index is on track to extend its rally for a third consecutive month with two stocks rising for every one that fell The move is on the back of news that showed the Chinese economy is recovering The index is up nearly 10 from its June lows led by Japanese stocks on optimism that the new government will take the necessary steps to fight deflation In Japan the market rose after last week snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in eight months and is now up 20 from its 4 year low of last year The improving trader sentiment is on the back of signs of an economic recovery and a new government leadership that has pledged to bolster urban development A government report showed yesterday industrial companies profits jumped 17 3 percent last month A preliminary reading for a HSBC Purchasing Managers Index PMI last week showed manufacturing expanded at the fastest rate in two years Some traders are even ringing the bell as China s Shanghai Composite exited its longest ever bear market yesterday following a 756 day perdiod without a 20 percent gain from 8 Nov 10 through 3 Dec 12 which is its longest on record according to Bloomberg and where the gauge fell 38 percent during the period In China the SSE Composite up 0 5 at 2 359 while in Hong Kong the Hang Seng Index closed up down 0 1 at 23 655 and in Japan the Nikkei 225 Index was up 0 4 at 10 866 South Korean KOSPI closed up 0 8 for the session Commodities The Dollar Index was at lower 79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Markets Higher As Investors Play Catch Up Weekly Market Wrap Friday January 25th 2013 Traders globally have continued to push markets higher as they charge into 2013 Read today s Analyst s Eye for our review of 2012 and guidance for investing in 2013 The Australian market has now traded higher for nine of the past ten weeks and trading volumes are picking up The Aussie market is likely to trade higher into the end of month next week Stock prices continue to rise consistently as they have done since the November lows in the US and the European markets as well US stock markets continue to rise as the earning season gets underway in earnest Of the 134 S P500 companies that have reported 97 have exceeded expectations The markets are now pushing beyond their 5 year highs and are now just 4 below all time highs The next near term target for the S P500 is 1525 The US House voted to temporarily suspend the nation s borrowing limit as they lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data and an index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies European stock markets have continued higher since last November The Europe Stoxx 600 is up 3 3 for the year and trading volumes are picking up Traders have shrugged off news that the World Bank had cut its global growth forecast for this year to 2 4 percent down from last year s forecast of 3 percent and after global growth of 2 3 percent in 2012 The World Bank said austerity measures high unemployment and low business confidence were likely to weigh on economies in developed nations The European earnings season has begun with nine companies listed on the Europe Stoxx 600 due to report earnings this week while 41 report next week The three benchmark indexes are all close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market is higher on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December A reading below 50 indicates contraction Asian stock markets have had a great start to 2013 but eased back this week with the regional benchmark indexes backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China expecting growth of 8 2 percent this year and 8 5 percent in 2014 The MSCI Asia Pacific Index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 The Australian market has had another strong week and looks set to test the 4850 level near term The market held above the 4750 level and is now hovering above the 4800 level having broken above the highs of May 2011 Our market has rebounded strongly since the November lows on the back positive sentiment around the globe and as the Aussie banks continue higher in the chase for yield We have also seen money pour into industrial and resource stocks as investors look for a turnaround in these sectors for 2013 Key levels for the index next week will be 4750 and 4850 with 4800 the key short term pivot level Be aware that we may see a short term top in the market in the next couple of weeks so be ready to protect your position and or take profits Traders continue to be optimistic and were right to ignore the impending US debt ceiling which has been pushed back to mid May on the back of positive news flow regarding the state of the Chinese US and European economies Remain attuned to the news from overseas particularly from the eurozone China and the US jobs and earnings Monitor the US dollar for a guide to the future direction of commodities and equities prices Investors can have cheap insurance for their portfolio and look to put their money to work while reducing their risk by using options and warrants strategies Contact me at D2MX Advisory on 1300 610 024 and we can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags ASX News debt ceiling earnings season eurozone market news us market news Weekly Market Wrap XJO Posted in Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government

    Original URL path: http://blog.traderdealer.com.au/tag/asx-news/ (2013-02-02)
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  • Bull Market | Online Stockmarket Trading Update
    globe and the Aussie banks continuing higher in the chase for yield but we have also seen money pour into industrial and resource stocks as investors look for a turnaround in these sectors for 2013 We are moving into the Aussie reporting season later this month Key levels for the index next week will be 4840 and 4940 with 4900 the key short term pivot level Volatility remains subdued and affords cheap protection as the markets are moving higher Traders continue to be optimistic on the back of positive news flow regarding the state of the Chinese US and European economies Remain attuned to the news from overseas particularly from the eurozone earnings China and the US jobs and earnings Monitor the US dollar for a guide to the future direction of commodities and equities prices Investors can have cheap insurance for their portfolio and could look to put their money to work while reducing their risk by using options and warrants strategies Contact me at D2MX Advisory on 1300 610 024 and we can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags asian market wrap ASX News bull market Stock Market Analysis US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Bull or Bear Finding What Works Using The D2MX Trading System Friday July 27th 2012 Regardless of whether the market is going up or down there are trading opportunities to take advantage of A rising tide will lift all boats which means that if the market is bullish almost any trading strategy will make money from buying shares But what happens when the market turns bearish Fortunately there are some indicators that produce excellent results in both bull and bear markets

    Original URL path: http://blog.traderdealer.com.au/tag/bull-market/ (2013-02-02)
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  • Stock Market Analysis | Online Stockmarket Trading Update
    Mineral Resiources Lynas Corp Orica Origin Energy Roc Oil Woolworths Silver Lake Resources Ex dividend Date None Market Summary ASX to open lower US UK Europe lower US ADRs Broadly lower By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap No Comments Stock Market Analysis Markets Reach Bull Market Territory Wednesday January 30th 2013 US stock markets rose overnight edging ever closer to their all time highs European stock markets rose to the highest level in almost 2 years Asian stock markets traded higher yesterday as the Chinese bear market ends Commodities prices were higher Gold prices are trading around US1 662 while crude oil closed around US97 The Australian market has capped its longest winning streak since 2004 up nine straight days and is in bull matrket territory up over 22 from its June lows and up over 13 from its November lows The Aussie market is looking to open flat today as stock prices were higher again in the US and European markets overnight Chinese manufacturing expanded at the fastest rate in two years in the past quarter The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will again be in focus likely to be negatively impacted by the Queensland floods Wesfarmers is reporting quarterly figures today SPI Futures is trading above the key level of 4800 ended down 0 1 or 2 points at 4852 The key levels for our index today are 4830 to 4860 See below for ASX listed companies in the news today US Markets US stock markets rose overnight edging ever closer to their all time highs The three benchmark indexes ended higher overnight with the Dow Jones Index and the S P500 index trading at 5 year highs and only 3 below all time highs All the S P500 sectors ended in the green except for Consumer Discretionary down 0 4 with the gains led by the Energy up 1 6 Materials Healthcare and Financials sectors all up over 0 4 The next target for the S P500 is still 1525 in the near term Trade sentiment was boosted by news that the S P Case Shiller index of US property values increased 5 5 percent from November 2011 the biggest YoY gain since August 2006 Of the 175 S P500 companies that have reported 3 in 4 have exceeded expectations according to Bloomberg surveys The US Federal Open Market Committee FOMC 2 day meeting that started overnight where the central bank is expected to renew its commitment to asset buying program The latest round of bond buying will reach US1 14 trillion before it is scheduled to end in the first quarter of 2014 The Dow Jones closed up 0 5 at 13 954 the S P 500 index up 0 5 at 1 508 the Nasdaq ended down 0 1 at 3 154 and the smaller cap Russell 2000 was up 0 1 European Markets European stock markets rose to the highest level in almost 2 years as European companies began reporting earnings The Stoxx 600 was ended rose 0 3 for the session and is still at levels not seen since February 2011 The index is up 3 8 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes rose and remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Across the region the miners led the gains In Germany the market advanced as a reports showed the Nuremberg based market research company forecast that its consumer sentiment index will rise to 5 8 from a revised 5 7 in January The DAX index is now up 3 1 for the year so far In London the FTSE 100 was up 0 7 at 6 339 in Germany the DAX closed up 0 2 at 7 848 while in France the CAC closed up 0 1 at 3 785 and Spain closed down 0 3 Asian Markets Asian stock markets traded higher yesterday with the regional benchmark index having its biggest gains in a week The MSCI Asia Pacific Index rose 0 9 and the index is on track to extend its rally for a third consecutive month with two stocks rising for every one that fell The move is on the back of news that showed the Chinese economy is recovering The index is up nearly 10 from its June lows led by Japanese stocks on optimism that the new government will take the necessary steps to fight deflation In Japan the market rose after last week snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in eight months and is now up 20 from its 4 year low of last year The improving trader sentiment is on the back of signs of an economic recovery and a new government leadership that has pledged to bolster urban development A government report showed yesterday industrial companies profits jumped 17 3 percent last month A preliminary reading for a HSBC Purchasing Managers Index PMI last week showed manufacturing expanded at the fastest rate in two years Some traders are even ringing the bell as China s Shanghai Composite exited its longest ever bear market yesterday following a 756 day perdiod without a 20 percent gain from 8 Nov 10 through 3 Dec 12 which is its longest on record according to Bloomberg and where the gauge fell 38 percent during the period In China the SSE Composite up 0 5 at 2 359 while in Hong Kong the Hang Seng Index closed up down 0 1 at 23 655 and in Japan the Nikkei 225 Index was up 0 4 at 10 866 South Korean KOSPI closed up 0 8 for the session Commodities The Dollar Index was at lower 79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader

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    week s presidential election According to Bloomberg data economists are expecting that payrolls increased by 125 000 workers in October and the jobless rate rose to 7 9 percent The US elections will be held next week European stock markets rebounded the most in two weeks on the back of improving global economic data The Stoxx Europe 600 Index rose 1 3 its biggest gain since mid October The benchmark index has now completed its fifth straight month of gains and has jumped 17 percent from its June lows following the announcement from the European Central Bank policy makers agreeing on an unlimited asset purchase program and the Federal Reserve announced a third round of quantitative easing QE3 Trader sentiment was boosted by improving manufacturing news out of China and the US which proved better than expected However trading volumes were over 35 percent below the monthly average for most of the week in the wake of Hurricane Sandy Trading has been driven by the earnings season which has been mixed The insurance companies have been the focus in the face of Hurricane Sandy Investor sentiment was hit early in the week as the Spanish economy contracted for a fifth quarter in the three months through September as gross domestic product GDP shrank 0 4 percent from the previous three months according to the Bank of Spain There are also concerns that Spain will face less pressure to seek a bailout after a victory in regional elections for Prime Minister Mariano Rajoy Elsewhere Greek political leaders are under pressure to seek agreement on further austerity in the form of labor reforms and structural changes needed to qualify for more aid under the country s international bailout Asian stock markets have started the month positively The MSCI Asia Pacific Index ended flat overnight recovering from early losses and the index was down 0 4 for October after over half the companies that reported earnings missed analyst estimates according to Bloomberg data The benchmark index is up 12 percent from its June lows following stimulus measures announced in the US the ECB Japan and China aimed at boosting sentiment in the face of slowing global economic conditions and the European debt crisis The markets in China and Hong Kong have pushed higher after Chinese manufacturing expanded for the first time in three months as output and new orders climbed signaling growth in the world s second biggest economy is rebounding after seven quarters of slowdown The National Bureau of Statistics reported the Purchasing Managers Index PMI climbed to 50 2 in October up from 49 8 and in a separate survey from HSBC Holdings Plc and Markit Economics increased to an eight month high Commodities have been generally weaker again this week with gold holding around 6 week lows crude oil at 3 month lows and copper heading for its longest slump in 7 weeks all on concerns over slowing global growth The Australian market is backing off 15 month highs and is threatening to breakdown out of its rising channel which has been in place since June as our reporting season gets underway The market is hovering around the 4450 level The news out of China is indicating that their economy may be bottoming around current levels and investors are still betting that Reserve Bank of Australia Governor Glenn Stevens will follow up with another interest rate cut in this month to 3 which would be a 50 year low and the lowest since back at the height of the GFC In our market the all sectors are looking to finish the week flat to slightly lower and the banks are going Ex div over the next week Protection is still cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs which are currently at six month lows China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4460 after backing off its 15 month highs Key levels for the index next week will be 4400 and 4520 with 4450 the key short term pivot level Traders are being cautious on the back of the global central bank stimulus wary about whether this stimulus will be enough to boost global growth and the implications of Hurricane Sandy Traders will also be monitoring the US elections and the US Non Farm Payrolls employment report and the impending once in a decade leadership change in China Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you potentially improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags Asian Markets ASX News Commodity prices European Markets eurozone markets stoxx europe 600 US markets Weekly Market Wrap Posted in ASX Trading News No Comments Weekly Market Wrap Markets Face Testing Time in Face of Uncertain Earnings Picture Friday October 26th 2012 Markets saw sustained profit taking this week for the first time since their rebound from the June lows as the quarterly reporting season got underway around the globe In the US stock markets have backed off key levels this week in the face of disappointing 3Q earnings In the S P 500 reporting season to date 3Q sales have missed forecasts at 61 percent of companies while of the companies that have reported 70 percent beat analysts earnings estimates according to Bloomberg data Earnings forecasts for the next quarter have disappointed pretty much across the board The S P 500 recovered modestly overnight up from its lowest level in seven weeks The index is now down 3 6 from this year s high last month but it s still up 12 in 2012 on the expectation that central bankers will keep economies expanding Commodity related stocks have been weighed down in the face of weaker commodity prices across the board Economic news in the US continues to show improvement and the home building sector continues to outperform after reports showed retail sales and industrial production increased more than forecast in September and new house construction jumped to the highest level since 2008 European stock markets are testing key 3 month support levels and are in the process of digesting earnings reports in the face of deteriorating economic conditions The Stoxx Europe 600 Index is currently down 1 4 so far this week as company earnings missed estimates Of the 89 companies that have reported profit so far this season 52 have beaten estimates according to Bloomberg data The index has risen 16 from its June lows following the European Central Bank announcing an unlimited bond buying program and the Federal Reserve announced QE3 Investor sentiment has taken a hit as the Spanish economy contracted for a fifth quarter in the three months through September Gross domestic product shrank 0 4 from the previous three months according to the Bank of Spain Moody s Investors Service lowered its credit rating on Catalonia and four other Spanish regions citing deterioration in their liquidity positions and very limited cash reserves as of September 2012 plus their heavy reliance on short term funding Overnight in London the market closed higher as a report showed the UK has moved out of recession in the third quarter The UK economy expanded in the third quarter more than expected with gross domestic product GDP climbing 1 from the second quarter when it was down 0 4 Eurozone consumer confidence remained little changed in October after decreasing in the previous four months remaining at the lowest levels since May 2009 Asian stock markets have generally had a good run this week with the ASX hovering around 15 month highs The MSCI Asia Pacific Index is up 12 percent from its June lows following stimulus measures announced in the US the ECB Japan and China aimed at boosting sentiment in the face of slowing global economic conditions and the European debt crisis In Japan the Nikkei 225 Stock Index has been on the rise as the yen touched a four month low against the US dollar and exporters drove the gains In Hong Kong the Hang Seng Index has risen for eleven straight sessions its best winning streak since mid 2006 Stocks have rallied on speculation that the Chinese economy will rebound as central banks hold down interest rates The share market posted healthy gains after signs of increased capital inflows as the Hong Kong Monetary Authority stepped into the market last week for the first time in three years to weaken the Hong Kong dollar in order to maintain its peg with the US dollar This was required because there had been a number of weeks of capital inflows pushing up the value of the Hong Kong dollar which is generally a positive signal for equities in the near term Hong Kong is the only venue in China where foreigners can freely buy and sell shares of the country s biggest companies Conversely the Chinese Shanghai Composite Index has fallen to its lows for a week despite Chinese factory output and retail sales accelerating in September even as growth slowed for a seventh quarter according to government data The Chinese market is expected to drift ahead of the 18th Communist Party Congress in early November which will oversee the once in a decade transition of leadership The third quarter earnings reporting season has started for the major companies this week and of the 47 companies that have reported so far on the regional benchmark index nearly 60 percent have missed analyst estimates Commodities have been generally weaker this week with gold at 6 week lows crude oil at 3 month lows and copper heading for its longest slump in 7 weeks all on concerns over slowing global growth The Australian market is backing off 15 month highs as our reporting season gets underway The market is hovering around the 4500 level The news out of China is indicating that their economy may be bottoming around current levels and investors are still betting that Reserve Bank of Australia Governor Glenn Stevens will follow up with another interest rate cut in November A drop to 3 would be a 50 year low and the lowest since back at the height of the GFC In our market all sectors are looking to finish the week in the red except for the defensive telecom and property sectors which are holding up because of their yield as traders have been coming to terms with their optimism over the central bank stimulus Protection is still cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs which are currently at six month lows China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4500 and is backing off its 15 month highs Key levels for the index next week will be 4420 and 4530 with 4480 the key short term pivot level Traders are being cautious on the back of the global central bank stimulus wary about whether this stimulus will be enough to boost global growth In this week s Analyst s Eye we talk about how you can Insure Your Portfolio using options Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags Asian Markets ASX News Commodity prices eurozone markets stoxx europe 600 US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Weekly Market Wrap Traders Take Some Profits After Stellar Week Friday October 19th 2012 Traders pushed the markets higher this week as markets recovered all of their losses from the previous week Markets are again testing key overhead resistance which has been in place for many months and many years in some cases Trader sentiment has recovered from the news that the World Bank and the IMF reduced their estimates for global economic growth while concerns over the eurozone debt troubles have abated ahead of the two day EU leaders summit which is currently underway US stock markets have rebounded from their key support levels and are again testing multi year highs with the S P 500 only 8 away from its all time highs from back in October 2007 The US economic news continues to improve particularly in the housing sector however some disappointing results from bellwether technology stocks have weighed on sentiment in the past week The technology sector has weighed after disappointing earnings from IBM Google and Intel IBM which accounts for over 11 percent of the Dow Jones Index said that corporate customers are showing caution in placing orders and consumers in developed markets are delaying PC purchases In US economic news the Department of Commerce reported retail sales rose 1 1 percent in September beating the 0 8 percent gain forecast and August sales were revised up to 1 2 percent Meanwhile the Federal Reserve in Washington reported that output at US factories mines and utilities rose 0 4 percent in September compared with a 1 4 percent decline in August which was the biggest since March 2009 Manufacturing which makes up 75 percent of the total climbed 0 2 percent while manufacturing in the Philadelphia region expanded in October for the first time in six months reaching 5 7 up from 1 7 in September a sign the industry may be starting to stabilise a reading above zero indicates expansion Consumer confidence unexpectedly climbed this month while the Fed Reserve s Beige Book showed that the US economy was expanding modestly last month On the earnings front of the 95 S P 500 companies that have reported so far over 70 have beaten earnings estimates with 23 companies missing forecast earnings according to Bloomberg All 10 S P 500 industry sectors are looking to finish the week in the green European stock markets have climbed every day this week despite caution ahead of the two day European Union s leaders summit The Stoxx Europe 600 Index had its first three sessions of consecutive gains since early September The index has still managed an 18 jump from its lows in June supported by the European Central Bank ECB unveiling an unlimited bond purchase plan and the Federal Reserve starting a third round of quantitative easing QE3 Traders turned to risk on after two German lawmakers said Germany is open to Spain seeking a precautionary credit line which is a back down of German resistance to a full sovereign bailout for Spain Across Europe the financials led the gains but miners also performed well after positive Chinese data Traders were positive after the news that the Moody s Investors Service left unchanged its investment grade debt rating on Spain and US house building surged to a four year high The EU leaders meeting in Brussels has some heavy issues to resolve as French President Hollande has said that the efforts to stem the eurozone debt crisis may unravel if EU member states fail to deliver on their promises President Hollande has called on the eurozone to introduce a banking union to provide economic help to countries that reduce budget deficits Asian stock markets rose this week after Chinese economic growth reported in line with economists forecasts The ASX hovering around 15 month highs The MSCI Asia Pacific Index has rebounded this week and is on track for the highest close since mid September and all the 10 industry groups are looking to finish in the green for the week In Japan the Nikkei 225 Stock Index has rebounded from early weakness to record its biggest 3 day gain since March Traders cheered comments from the Japanese economic minister who called for stronger stimulus from the Bank of Japan which meets at the end of the month The Chinese market is pushing to new monthly highs on the back of news that Chinese gross domestic product GDP expanded 7 4 percent in the third quarter from a year earlier as expected The government also reported data for industrial production retail sales and fixed asset investment which all accelerated Chinese GDP rose 2 2 percent from the previous period which is a four quarter high Chinese Premier Wen Jiabao said the Chinese economic situation last quarter was relatively good signaling that the nation s slowdown is bottoming The Chinese Communist Party will nominate new leaders at its 18th congress starting 8 November in its once a decade leadership change Traders are expected to remain cautious up till that time In commodities crude oil prices have recovered from weakness earlier in the week and are looking to close the week around US92 again The gold price continued to back off 11 month highs and is now trading around the US1 750 level as traders price in the global quantitative easing Copper prices bounced off their 50 day average price The Australian market surged on open yesterday and the ASX is investigating trading irregularities in the opening auction process for a number of stocks including ANZ CBA and Brambles The market is hovering around the 4550 level as we saw short covering above the key 4520 level The Australian market has jumped higher closing at its highest level in 15 months as traders cheered the news out of China that their economy may be bottoming around current levels and bet that Reserve Bank of Australia Governor Glenn Stevens will follow the last interest rate cut with another reduction in November bringing the cash rate to 3 This would be a 50 year low and the lowest rate since back at the height of the GFC In our market all sectors are looking to finish the week in the green as investors took their cue from overseas investors and as traders have been coming to terms with their optimism over the central bank stimulus Protection is still cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs which are currently at six month lows China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4555 and is looking to close the week at a 15 month high Key levels for the index next week will be 4450 and 4590 with 4500 the key short term pivot level Traders are still buying on the back of the global central bank stimulus in anticipation that it will be enough to boost global growth In this last week s Analyst s Eye we introduced you to the Instalment MINI warrants that are the latest generation of Instalments Warrants providing straightforward and transparent leveraged exposure to Australia s leading companies for individuals and Self Managed Super Funds This strategy would have paid off handsomely on the ANZ trade this week Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags ASX News Commodity prices eurozone news S P500 Stock Market Analysis US economic news US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Weekly Market Wrap Markets Are Holding Above Key Short Term Support Friday October 12th 2012 Once again traders held their nerve this week as they awaited news from the ECB as to when the unlimited bond buying program will commence and as the US Non Farm Payrolls employment report delivered better than expected figures US stock markets are trading at the lower range of their rising channels which have been in place for the past six months These markets are backing off the 5 year highs of recent times and need to hold the current levels for support in the near term Investors started the week by buying up stocks early after the unemployment rate unexpectedly fell to 7 8 percent in September the lowest since President Obama took office in January 2009 as employers took on more part time workers Elsewhere US service industries expanded more than estimated in September and manufacturing unexpectedly increased However the bellwether company Apple which is heavily weighted in the US markets is a drag on all three benchmark indexes Apple is down 10 from its recent all time highs of over US702 The S P 500 index has fallen to its lowest level in a month on concerns that the global economy is slowing down and ahead of the US earnings season Traders remain cautious as sentiment has been weighed down by the World Bank and the IMF reducing estimates for global economic growth Investor attention has turned to corporate profits this week with Alcoa starting the season by ratcheting down its earnings forecasts Analysts are expecting that the unbroken string of S P 500 profit growth that has fuelled the three year market rebound is set to end with projections of a 1 7 percent decline in earnings with the declines to be led by the energy companies whose profits are predicted to slump the most since 2009 The financial sector has underperformed in this recent rally and there are a number of key banking stocks reporting tonight which may well set the tone for the rest of the reporting season European stock markets are heading for a lower close for the week They have been under pressure as the S P Ratings Agency lowered the Spanish debt rating to one level above junk citing increasing economic and political risks which are resulting in a worsening recession in Spain and are limiting the government s policy options going forward Investor sentiment had been weighed down by the International Monetary Fund cutting its global growth forecasts as European Union leaders met to discuss the eurozone debt crisis The IMF has cut its global growth forecasts and warned of even slower expansion if European officials do not address threats to their financial economic stability The IMF reported that European banks may need to sell as much as US4 5 trillion of assets through 2013 if policy makers fail to implement fiscal tightening or set up a single supervisory system in time The Spanish Prime Minister Mariano Rajoy reiterated that Spain has no plans to ask for a bailout soon despite mounting speculation that a request was imminent Spain is still analysing the possibility of seeking assistance even though the procedures involved are complex according to the Deputy Finance Minister The ECB President Mario Draghi said that the ECB is ready to start buying government bonds as soon as the necessary conditions are fulfilled On a positive note the IMF Managing Director Christine Lagarde said that Greece should get two years to meet fiscal targets and suggested debt reductions are needed before a EUR130 billion bailout can proceed Elsewhere the German Finance Minister Wolfgang Schaeuble said that the eurozone governments agree that any decision on Greece will be taken after the IMF the European Commission and the ECB publish their review The Stoxx Europe 600 has rallied 16 from its lows in June bouncing after the ECB agreed on an unlimited bond buying plan and the Fed announced a third round of quantitative easing QE3 Asian stock markets have traded sideways this week with the exception of Japan The MSCI Asia Pacific Index is on track for its biggest weekly drop since August after earlier this week the IMF cut its global growth forecasts and warned of a steeper slowdown unless the US and Europe address threats to their economies In Japan traders returned from a public holiday in a selling mood with the Nikkei 225 dropping the most in nearly two weeks following the IMF s growth outlook and a report showing growth of the Japanese current account surplus slowed in August The World Bank also dampened investor sentiment after saying policy makers in the Asian emerging economies have room to provide more fiscal stimulus as the Chinese slowdown drags the region s growth to a forecast 11 year low in 2012 In China the Shanghai Composite rose to a 3 week high this week due to speculation that the government will take steps to provide additional stimulus which would support equities that are trading at their cheapest levels since at least 1997 In Hong Kong the market also traded higher For the year the Shanghai Composite has lost 4 due to concerns that the Chinese government is struggling to reverse an economic slowdown and overnight the IMF cut its 2012 growth estimate for the Chinese economy by 0 2 percent to 7 8 percent In commodities crude oil prices have been volatile again this week but are looking to close the week around US92 again as prices rebounded on the back of geopolitical tensions in the Middle East The gold price is backing off 11 month highs and is now trading around the US1 770 level as traders price in the global quantitative easing Copper remains around 4 month highs The Australian market is testing the 4500 level as we predicted last week given the coordinated global central bank action designed to boost economic activity worldwide The Australian market has edged higher closing at the highest level since August 2011 as traders bet that Reserve Bank of Australia Governor Glenn Stevens will follow this week s interest rate cut with another reduction in November to 3 which would be a 50 year low and the lowest since back at the height of the GFC In our market the high yielding and defensive sectors have supported the market this week as investors took their cue from the central banks and continued chasing yield in the market The financials and energy sectors have resumed their upward path The financial and info tech sectors held around 12 month highs The materials industrials and utilities sectors eased towards the end of the week as traders have been coming to terms with their optimism over the central bank stimulus Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4491 and is looking to close the week near a 15 month high Key levels for the index next week will be 4420 and 4520 with 4460 the key short term pivot level Traders are still buying on the back of the global central bank stimulus in anticipation that it will be enough to boost global growth Protection is extremely cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies In this week s Analyst s Eye we introduce you to the Instalment MINI warrants that are the latest generation of Instalments Warrants providing straightforward and transparent leveraged exposure to Australia s leading companies for individuals and Self Managed Super Funds Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags Asian Markets ASX News australian market news commodities prices S P 500 Stock Market Analysis US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Weekly Market Wrap Markets Boosted By Central Bank Stimulus Friday October 5th 2012 Traders held their nerve this week as they awaited news from the ECB as to when the unlimited bond buying program would commence In the US traders are also watching out for the Non Farm Payrolls employment report due out tonight US stock markets have closed higher every day this week and the three benchmark indexes are up around 1 4 for the week so far In the broader market all 10 industry groups in the S P 500 are on the rise with the financials and commodity related sectors rebounding and leading the gains The home builders and coal stocks were among the best performers this week The crucial Non Farm payroll employment report is due out tonight and analysts expect the government jobs report to show that the economy created 115 000 jobs last month and the unemployment rate increased to 8 2 percent up from 8 1 percent last month The S P 500 has rallied 16 for the year as central banks in the US Japan the ECB and China have introduced measures to stimulate economic growth In the US the Federal Reserve last month announced a third round of quantitative easing by purchasing mortgage backed securities at a pace of 40 billion per month until labour markets improve European stock markets have bounced off 3 week lows as traders await news on when the ECB bond buying will begin The Stoxx Europe 600 Index is up 1 5 this week and the index has climbed 11 for the year as ECB policy makers agreed on an unlimited asset purchase program to bring down borrowing costs in Spain and Italy and as the Federal Reserve announced a third round of quantitative easing The ECB President Mario Draghi has reaffirmed that the central bank is ready to start buying government bonds as soon as the necessary conditions are fulfilled as they kept the benchmark interest rate at a record low of 0 75 percent as expected Traders are still waiting on the Spanish government to request a bailout from the ECB and Spanish three year borrowing costs increased to 3 95 up from 3 85 at a debt auction overnight The beginning of the ECB bond buying will be the next catalyst for the markets Asian stock markets have generally risen this week but a number of markets have had a holiday shortened trading week including India Hong Kong and mainland China The MSCI Asia Pacific Index is heading for its highest close in a week on the back of a 4 rise in September due to speculation that China will

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  • Weekly Market Wrap | Online Stockmarket Trading Update
    economy could be stabilising after seven quarters of slowing growth US stock markets are back in action and rose overnight recording their best session gains in nearly two months All three benchmark indexes were up over 1 1 for the session as gainers outnumbered losers by over two to one In October the S P 500 index fell 2 due to concern over the slowing economic growth and its impact on corporate earnings The S P 500 index is still up 15 percent from its June lows and hit four year highs in mid September On the earnings front earnings have exceeded expectations at 72 percent of companies that have released third quarter results while sales have missed estimates at 60 percent of the copanies according to Bloomberg data In economic news the Institute for Supply Management s US factory index rose to 51 7 in October up from 51 5 while corporates expanded payrolls in October by the most in eight months Also the Conference Board s consumer sentiment index increased to 72 2 the highest since February 2008 Investors will be looking to the Labor Department s monthly Non Farm employment report for an indication of the strength of the US economy as they prepare for next week s presidential election According to Bloomberg data economists are expecting that payrolls increased by 125 000 workers in October and the jobless rate rose to 7 9 percent The US elections will be held next week European stock markets rebounded the most in two weeks on the back of improving global economic data The Stoxx Europe 600 Index rose 1 3 its biggest gain since mid October The benchmark index has now completed its fifth straight month of gains and has jumped 17 percent from its June lows following the announcement from the European Central Bank policy makers agreeing on an unlimited asset purchase program and the Federal Reserve announced a third round of quantitative easing QE3 Trader sentiment was boosted by improving manufacturing news out of China and the US which proved better than expected However trading volumes were over 35 percent below the monthly average for most of the week in the wake of Hurricane Sandy Trading has been driven by the earnings season which has been mixed The insurance companies have been the focus in the face of Hurricane Sandy Investor sentiment was hit early in the week as the Spanish economy contracted for a fifth quarter in the three months through September as gross domestic product GDP shrank 0 4 percent from the previous three months according to the Bank of Spain There are also concerns that Spain will face less pressure to seek a bailout after a victory in regional elections for Prime Minister Mariano Rajoy Elsewhere Greek political leaders are under pressure to seek agreement on further austerity in the form of labor reforms and structural changes needed to qualify for more aid under the country s international bailout Asian stock markets have started the month positively The MSCI Asia Pacific Index ended flat overnight recovering from early losses and the index was down 0 4 for October after over half the companies that reported earnings missed analyst estimates according to Bloomberg data The benchmark index is up 12 percent from its June lows following stimulus measures announced in the US the ECB Japan and China aimed at boosting sentiment in the face of slowing global economic conditions and the European debt crisis The markets in China and Hong Kong have pushed higher after Chinese manufacturing expanded for the first time in three months as output and new orders climbed signaling growth in the world s second biggest economy is rebounding after seven quarters of slowdown The National Bureau of Statistics reported the Purchasing Managers Index PMI climbed to 50 2 in October up from 49 8 and in a separate survey from HSBC Holdings Plc and Markit Economics increased to an eight month high Commodities have been generally weaker again this week with gold holding around 6 week lows crude oil at 3 month lows and copper heading for its longest slump in 7 weeks all on concerns over slowing global growth The Australian market is backing off 15 month highs and is threatening to breakdown out of its rising channel which has been in place since June as our reporting season gets underway The market is hovering around the 4450 level The news out of China is indicating that their economy may be bottoming around current levels and investors are still betting that Reserve Bank of Australia Governor Glenn Stevens will follow up with another interest rate cut in this month to 3 which would be a 50 year low and the lowest since back at the height of the GFC In our market the all sectors are looking to finish the week flat to slightly lower and the banks are going Ex div over the next week Protection is still cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs which are currently at six month lows China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4460 after backing off its 15 month highs Key levels for the index next week will be 4400 and 4520 with 4450 the key short term pivot level Traders are being cautious on the back of the global central bank stimulus wary about whether this stimulus will be enough to boost global growth and the implications of Hurricane Sandy Traders will also be monitoring the US elections and the US Non Farm Payrolls employment report and the impending once in a decade leadership change in China Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you potentially improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags Asian Markets ASX News Commodity prices European Markets eurozone markets stoxx europe 600 US markets Weekly Market Wrap Posted in ASX Trading News No Comments Weekly Market Wrap Markets Face Testing Time in Face of Uncertain Earnings Picture Friday October 26th 2012 Markets saw sustained profit taking this week for the first time since their rebound from the June lows as the quarterly reporting season got underway around the globe In the US stock markets have backed off key levels this week in the face of disappointing 3Q earnings In the S P 500 reporting season to date 3Q sales have missed forecasts at 61 percent of companies while of the companies that have reported 70 percent beat analysts earnings estimates according to Bloomberg data Earnings forecasts for the next quarter have disappointed pretty much across the board The S P 500 recovered modestly overnight up from its lowest level in seven weeks The index is now down 3 6 from this year s high last month but it s still up 12 in 2012 on the expectation that central bankers will keep economies expanding Commodity related stocks have been weighed down in the face of weaker commodity prices across the board Economic news in the US continues to show improvement and the home building sector continues to outperform after reports showed retail sales and industrial production increased more than forecast in September and new house construction jumped to the highest level since 2008 European stock markets are testing key 3 month support levels and are in the process of digesting earnings reports in the face of deteriorating economic conditions The Stoxx Europe 600 Index is currently down 1 4 so far this week as company earnings missed estimates Of the 89 companies that have reported profit so far this season 52 have beaten estimates according to Bloomberg data The index has risen 16 from its June lows following the European Central Bank announcing an unlimited bond buying program and the Federal Reserve announced QE3 Investor sentiment has taken a hit as the Spanish economy contracted for a fifth quarter in the three months through September Gross domestic product shrank 0 4 from the previous three months according to the Bank of Spain Moody s Investors Service lowered its credit rating on Catalonia and four other Spanish regions citing deterioration in their liquidity positions and very limited cash reserves as of September 2012 plus their heavy reliance on short term funding Overnight in London the market closed higher as a report showed the UK has moved out of recession in the third quarter The UK economy expanded in the third quarter more than expected with gross domestic product GDP climbing 1 from the second quarter when it was down 0 4 Eurozone consumer confidence remained little changed in October after decreasing in the previous four months remaining at the lowest levels since May 2009 Asian stock markets have generally had a good run this week with the ASX hovering around 15 month highs The MSCI Asia Pacific Index is up 12 percent from its June lows following stimulus measures announced in the US the ECB Japan and China aimed at boosting sentiment in the face of slowing global economic conditions and the European debt crisis In Japan the Nikkei 225 Stock Index has been on the rise as the yen touched a four month low against the US dollar and exporters drove the gains In Hong Kong the Hang Seng Index has risen for eleven straight sessions its best winning streak since mid 2006 Stocks have rallied on speculation that the Chinese economy will rebound as central banks hold down interest rates The share market posted healthy gains after signs of increased capital inflows as the Hong Kong Monetary Authority stepped into the market last week for the first time in three years to weaken the Hong Kong dollar in order to maintain its peg with the US dollar This was required because there had been a number of weeks of capital inflows pushing up the value of the Hong Kong dollar which is generally a positive signal for equities in the near term Hong Kong is the only venue in China where foreigners can freely buy and sell shares of the country s biggest companies Conversely the Chinese Shanghai Composite Index has fallen to its lows for a week despite Chinese factory output and retail sales accelerating in September even as growth slowed for a seventh quarter according to government data The Chinese market is expected to drift ahead of the 18th Communist Party Congress in early November which will oversee the once in a decade transition of leadership The third quarter earnings reporting season has started for the major companies this week and of the 47 companies that have reported so far on the regional benchmark index nearly 60 percent have missed analyst estimates Commodities have been generally weaker this week with gold at 6 week lows crude oil at 3 month lows and copper heading for its longest slump in 7 weeks all on concerns over slowing global growth The Australian market is backing off 15 month highs as our reporting season gets underway The market is hovering around the 4500 level The news out of China is indicating that their economy may be bottoming around current levels and investors are still betting that Reserve Bank of Australia Governor Glenn Stevens will follow up with another interest rate cut in November A drop to 3 would be a 50 year low and the lowest since back at the height of the GFC In our market all sectors are looking to finish the week in the red except for the defensive telecom and property sectors which are holding up because of their yield as traders have been coming to terms with their optimism over the central bank stimulus Protection is still cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs which are currently at six month lows China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4500 and is backing off its 15 month highs Key levels for the index next week will be 4420 and 4530 with 4480 the key short term pivot level Traders are being cautious on the back of the global central bank stimulus wary about whether this stimulus will be enough to boost global growth In this week s Analyst s Eye we talk about how you can Insure Your Portfolio using options Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags Asian Markets ASX News Commodity prices eurozone markets stoxx europe 600 US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Weekly Market Wrap Traders Take Some Profits After Stellar Week Friday October 19th 2012 Traders pushed the markets higher this week as markets recovered all of their losses from the previous week Markets are again testing key overhead resistance which has been in place for many months and many years in some cases Trader sentiment has recovered from the news that the World Bank and the IMF reduced their estimates for global economic growth while concerns over the eurozone debt troubles have abated ahead of the two day EU leaders summit which is currently underway US stock markets have rebounded from their key support levels and are again testing multi year highs with the S P 500 only 8 away from its all time highs from back in October 2007 The US economic news continues to improve particularly in the housing sector however some disappointing results from bellwether technology stocks have weighed on sentiment in the past week The technology sector has weighed after disappointing earnings from IBM Google and Intel IBM which accounts for over 11 percent of the Dow Jones Index said that corporate customers are showing caution in placing orders and consumers in developed markets are delaying PC purchases In US economic news the Department of Commerce reported retail sales rose 1 1 percent in September beating the 0 8 percent gain forecast and August sales were revised up to 1 2 percent Meanwhile the Federal Reserve in Washington reported that output at US factories mines and utilities rose 0 4 percent in September compared with a 1 4 percent decline in August which was the biggest since March 2009 Manufacturing which makes up 75 percent of the total climbed 0 2 percent while manufacturing in the Philadelphia region expanded in October for the first time in six months reaching 5 7 up from 1 7 in September a sign the industry may be starting to stabilise a reading above zero indicates expansion Consumer confidence unexpectedly climbed this month while the Fed Reserve s Beige Book showed that the US economy was expanding modestly last month On the earnings front of the 95 S P 500 companies that have reported so far over 70 have beaten earnings estimates with 23 companies missing forecast earnings according to Bloomberg All 10 S P 500 industry sectors are looking to finish the week in the green European stock markets have climbed every day this week despite caution ahead of the two day European Union s leaders summit The Stoxx Europe 600 Index had its first three sessions of consecutive gains since early September The index has still managed an 18 jump from its lows in June supported by the European Central Bank ECB unveiling an unlimited bond purchase plan and the Federal Reserve starting a third round of quantitative easing QE3 Traders turned to risk on after two German lawmakers said Germany is open to Spain seeking a precautionary credit line which is a back down of German resistance to a full sovereign bailout for Spain Across Europe the financials led the gains but miners also performed well after positive Chinese data Traders were positive after the news that the Moody s Investors Service left unchanged its investment grade debt rating on Spain and US house building surged to a four year high The EU leaders meeting in Brussels has some heavy issues to resolve as French President Hollande has said that the efforts to stem the eurozone debt crisis may unravel if EU member states fail to deliver on their promises President Hollande has called on the eurozone to introduce a banking union to provide economic help to countries that reduce budget deficits Asian stock markets rose this week after Chinese economic growth reported in line with economists forecasts The ASX hovering around 15 month highs The MSCI Asia Pacific Index has rebounded this week and is on track for the highest close since mid September and all the 10 industry groups are looking to finish in the green for the week In Japan the Nikkei 225 Stock Index has rebounded from early weakness to record its biggest 3 day gain since March Traders cheered comments from the Japanese economic minister who called for stronger stimulus from the Bank of Japan which meets at the end of the month The Chinese market is pushing to new monthly highs on the back of news that Chinese gross domestic product GDP expanded 7 4 percent in the third quarter from a year earlier as expected The government also reported data for industrial production retail sales and fixed asset investment which all accelerated Chinese GDP rose 2 2 percent from the previous period which is a four quarter high Chinese Premier Wen Jiabao said the Chinese economic situation last quarter was relatively good signaling that the nation s slowdown is bottoming The Chinese Communist Party will nominate new leaders at its 18th congress starting 8 November in its once a decade leadership change Traders are expected to remain cautious up till that time In commodities crude oil prices have recovered from weakness earlier in the week and are looking to close the week around US92 again The gold price continued to back off 11 month highs and is now trading around the US1 750 level as traders price in the global quantitative easing Copper prices bounced off their 50 day average price The Australian market surged on open yesterday and the ASX is investigating trading irregularities in the opening auction process for a number of stocks including ANZ CBA and Brambles The market is hovering around the 4550 level as we saw short covering above the key 4520 level The Australian market has jumped higher closing at its highest level in 15 months as traders cheered the news out of China that their economy may be bottoming around current levels and bet that Reserve Bank of Australia Governor Glenn Stevens will follow the last interest rate cut with another reduction in November bringing the cash rate to 3 This would be a 50 year low and the lowest rate since back at the height of the GFC In our market all sectors are looking to finish the week in the green as investors took their cue from overseas investors and as traders have been coming to terms with their optimism over the central bank stimulus Protection is still cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs which are currently at six month lows China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4555 and is looking to close the week at a 15 month high Key levels for the index next week will be 4450 and 4590 with 4500 the key short term pivot level Traders are still buying on the back of the global central bank stimulus in anticipation that it will be enough to boost global growth In this last week s Analyst s Eye we introduced you to the Instalment MINI warrants that are the latest generation of Instalments Warrants providing straightforward and transparent leveraged exposure to Australia s leading companies for individuals and Self Managed Super Funds This strategy would have paid off handsomely on the ANZ trade this week Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags ASX News Commodity prices eurozone news S P500 Stock Market Analysis US economic news US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Weekly Market Wrap Markets Are Holding Above Key Short Term Support Friday October 12th 2012 Once again traders held their nerve this week as they awaited news from the ECB as to when the unlimited bond buying program will commence and as the US Non Farm Payrolls employment report delivered better than expected figures US stock markets are trading at the lower range of their rising channels which have been in place for the past six months These markets are backing off the 5 year highs of recent times and need to hold the current levels for support in the near term Investors started the week by buying up stocks early after the unemployment rate unexpectedly fell to 7 8 percent in September the lowest since President Obama took office in January 2009 as employers took on more part time workers Elsewhere US service industries expanded more than estimated in September and manufacturing unexpectedly increased However the bellwether company Apple which is heavily weighted in the US markets is a drag on all three benchmark indexes Apple is down 10 from its recent all time highs of over US702 The S P 500 index has fallen to its lowest level in a month on concerns that the global economy is slowing down and ahead of the US earnings season Traders remain cautious as sentiment has been weighed down by the World Bank and the IMF reducing estimates for global economic growth Investor attention has turned to corporate profits this week with Alcoa starting the season by ratcheting down its earnings forecasts Analysts are expecting that the unbroken string of S P 500 profit growth that has fuelled the three year market rebound is set to end with projections of a 1 7 percent decline in earnings with the declines to be led by the energy companies whose profits are predicted to slump the most since 2009 The financial sector has underperformed in this recent rally and there are a number of key banking stocks reporting tonight which may well set the tone for the rest of the reporting season European stock markets are heading for a lower close for the week They have been under pressure as the S P Ratings Agency lowered the Spanish debt rating to one level above junk citing increasing economic and political risks which are resulting in a worsening recession in Spain and are limiting the government s policy options going forward Investor sentiment had been weighed down by the International Monetary Fund cutting its global growth forecasts as European Union leaders met to discuss the eurozone debt crisis The IMF has cut its global growth forecasts and warned of even slower expansion if European officials do not address threats to their financial economic stability The IMF reported that European banks may need to sell as much as US4 5 trillion of assets through 2013 if policy makers fail to implement fiscal tightening or set up a single supervisory system in time The Spanish Prime Minister Mariano Rajoy reiterated that Spain has no plans to ask for a bailout soon despite mounting speculation that a request was imminent Spain is still analysing the possibility of seeking assistance even though the procedures involved are complex according to the Deputy Finance Minister The ECB President Mario Draghi said that the ECB is ready to start buying government bonds as soon as the necessary conditions are fulfilled On a positive note the IMF Managing Director Christine Lagarde said that Greece should get two years to meet fiscal targets and suggested debt reductions are needed before a EUR130 billion bailout can proceed Elsewhere the German Finance Minister Wolfgang Schaeuble said that the eurozone governments agree that any decision on Greece will be taken after the IMF the European Commission and the ECB publish their review The Stoxx Europe 600 has rallied 16 from its lows in June bouncing after the ECB agreed on an unlimited bond buying plan and the Fed announced a third round of quantitative easing QE3 Asian stock markets have traded sideways this week with the exception of Japan The MSCI Asia Pacific Index is on track for its biggest weekly drop since August after earlier this week the IMF cut its global growth forecasts and warned of a steeper slowdown unless the US and Europe address threats to their economies In Japan traders returned from a public holiday in a selling mood with the Nikkei 225 dropping the most in nearly two weeks following the IMF s growth outlook and a report showing growth of the Japanese current account surplus slowed in August The World Bank also dampened investor sentiment after saying policy makers in the Asian emerging economies have room to provide more fiscal stimulus as the Chinese slowdown drags the region s growth to a forecast 11 year low in 2012 In China the Shanghai Composite rose to a 3 week high this week due to speculation that the government will take steps to provide additional stimulus which would support equities that are trading at their cheapest levels since at least 1997 In Hong Kong the market also traded higher For the year the Shanghai Composite has lost 4 due to concerns that the Chinese government is struggling to reverse an economic slowdown and overnight the IMF cut its 2012 growth estimate for the Chinese economy by 0 2 percent to 7 8 percent In commodities crude oil prices have been volatile again this week but are looking to close the week around US92 again as prices rebounded on the back of geopolitical tensions in the Middle East The gold price is backing off 11 month highs and is now trading around the US1 770 level as traders price in the global quantitative easing Copper remains around 4 month highs The Australian market is testing the 4500 level as we predicted last week given the coordinated global central bank action designed to boost economic activity worldwide The Australian market has edged higher closing at the highest level since August 2011 as traders bet that Reserve Bank of Australia Governor Glenn Stevens will follow this week s interest rate cut with another reduction in November to 3 which would be a 50 year low and the lowest since back at the height of the GFC In our market the high yielding and defensive sectors have supported the market this week as investors took their cue from the central banks and continued chasing yield in the market The financials and energy sectors have resumed their upward path The financial and info tech sectors held around 12 month highs The materials industrials and utilities sectors eased towards the end of the week as traders have been coming to terms with their optimism over the central bank stimulus Remain attuned to the news from overseas particularly from the eurozone China Japan and the US Monitor the performance of Italian and Spanish borrowing costs China Japan tensions and the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 index is currently trading at 4491 and is looking to close the week near a 15 month high Key levels for the index next week will be 4420 and 4520 with 4460 the key short term pivot level Traders are still buying on the back of the global central bank stimulus in anticipation that it will be enough to boost global growth Protection is extremely cheap at the moment and investors should have protection in place for their capital and could look to put their money to work while reducing their risk by using options and warrants strategies In this week s Analyst s Eye we introduce you to the Instalment MINI warrants that are the latest generation of Instalments Warrants providing straightforward and transparent leveraged exposure to Australia s leading companies for individuals and Self Managed Super Funds Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you improve your returns on investment Michael Hevern Investment Adviser D2MX Advisory This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected Tags Asian Markets ASX News australian market news commodities prices S P 500 Stock Market Analysis US markets Weekly Market Wrap Posted in Stock Market Analysis No Comments Weekly Market Wrap Markets Boosted By Central Bank Stimulus Friday October 5th 2012 Traders held their nerve this week as they awaited news from the ECB as to when the unlimited bond buying program would commence In the US traders are also watching out for the Non Farm Payrolls employment report due out tonight US stock markets have closed higher every day this week and the three benchmark indexes are up around 1 4 for the week so far In the broader market all 10 industry groups in the S P 500 are on the rise with the financials and commodity related sectors rebounding and leading the gains The home builders and coal stocks were among the best performers this week The crucial Non Farm payroll employment report is due out tonight and analysts expect the government jobs report to show that the economy created 115 000 jobs last month and the unemployment rate increased to 8 2 percent up from 8 1 percent last month The S P 500 has rallied 16 for the year as central banks in the US Japan the ECB and China have introduced measures to stimulate economic growth In the US the Federal Reserve last month announced a third round of quantitative easing by purchasing mortgage backed securities at a pace of 40 billion per month until labour markets improve European stock markets have bounced off 3 week lows as traders await

    Original URL path: http://blog.traderdealer.com.au/tag/weekly-market-wrap/ (2013-02-02)
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