Last week the market closed at 4842, this week we closed up 225 points at 5067. There was more support for the market this week as it moved to it high in the middle of the week before pulling back on Friday.
There is plenty of opportunity in the market to buy companies, many are oversold and look cheap at the current price. We are looking and recommending companies with solid liquidity levels, high barriers for entry which are not directly affected by COVID 19.
The big issue will be unemployment currently quoted at 7.5%. Job Keeper and Job Seeker are keeping the unemployment figures under control at present. However,these programs are to be wound back at end of September, the government is looking to provide a revise...
Our market has recovered 30% since the initial shock in March. But we are not alone, the US is leading the way and is currently now only down 7% from the pre COVID 19 levels. The ASX 200 is trading around 6000 points down around 17% from the pre COVID 19 highs. Click...
Back in Australia our recovery was 40% at its peak, but is now retracing back into a trading range. As shown in the below chart our market seem to be trading in a channel between 5750 and 6200. Volatility has is sitting around 24 which is still high but the trend is...