SHORT TERM - Traders take profit on winners - market likely to be down for the next few days | Why

Mathan Somasundaram

Deep Data Analytics

SHORT TERM - Traders take profit on winners - market likely to be down for the next few days | Why? (1) ANZ, NAB and WBC are going ex div in the next 2 days and likely to be a drag on the index (2) US market needs to take a breather after all the positive news of late (3) AUDUSD has come back hard and generally highly correlated to the market (4) Iron Ore and Oil remains in decline phase...risk to Resource sector (5) Financial Sector Inquiry due soon...risk to Financial sector (6) Volatility has come back from the highs to relative low level and risk of rising again (7) Market back at premium to fair value on yield chase (8) Domestic macro remains very weak (9) Global risk remains high with low growth (10) Investors are unlikely to make big bets on a Friday


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment