Predictions for ASX Opening Tomorrow

[kash]

Market thinking about the rate rise. I would say it will open down tomorrow until the rate decision than will come back after that.

 

[Buffettology]

Hello Buff,

In my view the secular trend has turned over to negative, with the ticker action like today showing how fickle it is. XJO got to 6022 then we got the now customary sell into the strength fade. The market is shot, but it is great swing trading, I have been long a quit a few times (CBA great day trade, look at the range!! 5250 to 4950!!) after the 'route'. But, sitting in 20% cash, the rest in local gold stocks. Working so far, the portfolio is sitting on 18% return for Jan so far . Ex div season coming up so selective day trading now. 7% cash is looking good these days while we ponder the irrationality?

Yeh, 7% cash is definaetly looking good to me at the moment!

For me, the volatility has seen my strategies go out the window! My entire philosophy is long-term value, but I find myself trading on a weekly, sometimes daily basis!

Gold stocks, yeh, I was going to get in some a while back, but decided I would keep it in cash (not a good idea by the looks of your 18% Jan return)!

Out of interest, what gold stocks are you currently in and do you think there is much room for growth in them still?