Australian (ASX) Stock Market Forum

Buying the Dip on ASX

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Well, not sure if I have this fundamentally correct, but I bought some yesterday and today.
1 in Food/ Beverage (infant formula) area, the other an explorer of gold, base metals, lithium etc in WA.
 
Very few trades, really just a few rotations- cutting out the deadwood and deadheads seems to have eeked out a profitable week, mostly from the rising tide as I'm largely buy n hold these days.

Fingers crossed for the US market to end in positive territory tonight. Lots of data out. ??
Some simple TA has this as another brief spike before things turn down again, but as said, it can all turn on a dime.

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With thanks to @bigdog from his thread

The first bit of a daily report in overnight US markets.

I've highlighted what's important to me.
It doesn't matter how I interpret data and deliberate on a forecast, it's ultimately how the market reacts.

Russell 2000 is generally the equivalent of the small caps index XSO on the ASX however there's a lot less stocks than 2000 in the XSO, which is predominantly my playground.

bigdog said:

Wall Street rallies on rate hopes, notches gain for the week​

By STAN CHOE and ALEX VEIGA

Stocks rallied after a shaky start and closed with broad gains Friday as some mixed readings on the U.S. economy stoked hope on Wall Street that inflation may keep cooling and the Federal Reserve may ease up on its interest rate hikes.

The S&P 500 rose 2.3%, marking its first winning week in the last five. The Dow Jones Industrial Average gained 2.1% and the Nasdaq composite added 2.6%. Small-company stocks also rose, lifting the Russell 2000 index 2.3% higher.
Click to expand...
frugal.rock said:
Some simple TA has this as another brief spike before things turn down again, but as said, it can all turn on a dime.
Click to expand...

Small caps promotions by the foolish ones.
www.fool.com.au

4 reasons to stick with battered small-cap ASX shares

Is it horrifying to look at your smaller cap ASX shares right now? Here's a pep talk to get you through a rough 2022.
www.fool.com.au www.fool.com.au
 
Agree it's been almost nothing but pain in the small cap space in the year that passed. I think I did OK to stay alive and preserve my capital in the Speculative Stock Portfolio, which is predominantly aimed at the small caps space.

This year would be a challenging one as well according to most of the investment experts, although a few are cautiously optimistic. So will have to be very picky with any trades that I put on...
 
Fingers crossed the market holds gains.
Keep your wits about you.
I don't hear much about rotation on the forum.
There's something that we should probably bounce around, because as I have observed, rotation is rife, often to our detriment, but also often to our advantage.
Good luck out there in the shark pool.
Last week's results.

Screenshot_20230116-190714-393.png
 
Have been musing a little today.

The RBA not raising rates early enough was one thing, but stating to the masses no rises until 2024 was downright unethical.
It was a bit like a "future earnings guidance" which any listed entity would have to retract if announced.

The result, in my opinion, has shifted the whole inflation reduction scenario to further down the track, increased the great divide between the haves and have nots (via real estate), or at least provided the scenario where that will happen. Like throwing that big solid chunk of wood on the fire, the all night burner, and then some.
The intended fix from rate rises is going to be an extended one, unless the masses stop spending like no tomorrow.

I note, that hotels seem to be at least 50% pricier than
pre-plandemic, and in many cases it's more like 100%.

Are we going to address the elephant of immigration and O/S students returning?
Couple that with the fast and voracious regrowth of tourism, both internally and from overseas?.... oh dear, we really do have a vicious problem I believe.

Im flummoxed why he (Lowe) hasn't been removed already.

www.dailymail.co.uk

Reserve Bank boss declares he has 'no intention' of resigning

Reserve Bank Governor Philip Lowe has declared he has no intention of resigning despite repeatedly promising interest rates would remain on hold until 2024.
www.dailymail.co.uk www.dailymail.co.uk

More musing required for another day.
 
frugal.rock said:
Im flummoxed why he (Lowe) hasn't been removed already.

www.dailymail.co.uk

Reserve Bank boss declares he has 'no intention' of resigning

Reserve Bank Governor Philip Lowe has declared he has no intention of resigning despite repeatedly promising interest rates would remain on hold until 2024.
www.dailymail.co.uk www.dailymail.co.uk
More musing required for another day.
Click to expand...
MAYBE this wasn't all error or incompetence , so many central bank leaders making massive errors

the British have a saying , first is happenstance , second time is coincidence , the third time .......

( BTW i don't believe in coincidence )
 
Was thinking that, markets like certainty. We ain't in certain times, however, most of what's ahead is probably baked in already.
It's a flighty market these days, will take a few years to settle from that, if it ever does.

Not to worried about the SVB thing, the FED has it under control and is now responsible for the wash out. Anyone who's anyone will come out alright, some bottom feeders?... Maybe not.

If you are wondering about tomorrow... risk on ? ?

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Cash is burning a hole in my pocket at present. Debt is no longer there as it was paid down 15 months ago, but I've hardly bought anything since. Is the latest 'crisis' averted? What's happening with central bank policy?

Caution prevails for me.
 
Certainly, very interesting times in terms of bank bailouts, it's happening again. At a smaller scale, reminds me of 2007/2008.

Any short sellers of the smaller banks and regional banks would have had to duck for cover once the FED/FDIC announced the bailout...

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frugal.rock said:
Was thinking that, markets like certainty. We ain't in certain times, however, most of what's ahead is probably baked in already.
It's a flighty market these days, will take a few years to settle from that, if it ever does.

Not to worried about the SVB thing, the FED has it under control and is now responsible for the wash out. Anyone who's anyone will come out alright, some bottom feeders?... Maybe not.

If you are wondering about tomorrow... risk on ? ?

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Tomorrow for me just another working day to make a quid or three.
 
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