Protrader – June 2019 Market Wrap
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XJO Up 223 All-time high within reach. Following from the volatility that we saw in May the XJO appeared to be repeating the pattern for the month of June, with the 3rd producing a 70 + point drop after China announced imports tumbled suggesting a weakening domestic economy. However, this appeared to be a turning […]
Protrader – May 2019 Market Wrap
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XJO Up 71. RISK ON ! May could only be described as a wild ride, with a low of 6201 being hit on the 14th of May, followed by the surprise election outcome which sparked a rally , resulting in the best single day (110 points) in 15 weeks, with that, the market reached an […]
Protrader – April 2019 Market Wrap
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April saw the ASX200 rise by 151 points. Although there are some concerns hanging over the market, the lowest closing level was the first of the month, with a rally from the 8th of April reaching a high of 6388, before falling off the last two trading days of the month, to close at 6331. […]
Protrader – March 2019 Market Wrap
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XJO Taking a breath. UP 11 March was a month that saw the market take a deep breath and digest the recent rise so far this calendar year. An initial rally saw the market hit its highest level in 5 months, with the remainder of the month being very quiet, trading a fairly narrow band […]
Protrader – February 2019 Market Wrap
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XJO Momentum building on confidence. UP 297 However, there are still clouds on the horizon, specifically related to the banking/ housing sector. This was evident by both bank reports with BEN (Bendigo & Adelaide Bank) reporting Net Impaired Assets had increased 26%, combined with Macroeconomic housing data, such as lending rates down 6.9%, and […]
Protrader – January 2019 Market Wrap
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Protrader – January 2019 Market Wrap XJO When fear subsides. UP 218 The new year brought with it renewed confidence, finally producing the first positive monthly gain for a while. The first trading day of the year turned out to be the worst day for the month of January, however once hitting a […]
Protrader – December 2018 Market Wrap
XJO Macro Concerns continue to plague the Market Down 16 The month of December saw a continuation of uncertainty primarily around macro International factors. Without any positive domestic stimulus, the market limped along, being buffeted by international factors, with the market never being able to surpass the close of 7th December, and on the 21st, closing on a […]
Protrader – November 2018 Market Wrap
XJO Trade War worries continue Down 163 points for November The month of November initially supported by positive Chinese Trade data began strongly with a 114 point rally, however, this rally petered out, and in the process formed a double top around the 5940 level. Once again despite basically strong domestic data, the shadow of International […]
Protrader – October 2018 Market Wrap
“2 out Of 3 ain’t bad” Meat Loaf 1977 XJO Gripped by fear, the market fell 6% for the month of October. Down 407 points. The Australian market completely and totally succumbed to fear in the month of October. The October 5th US Treasury bond yield jump was the catalyst that precipitated the worst market […]
Protrader – September 2018 Market Wrap
“Only thing we have to fear, is fear itself” Franklin D Roosevelt 1932 XJO Divergence Continues Down 103 points for September The Australian market was very disappointing, starting the month with 7 consecutive down days, and hitting a low of 6103, with the S&P ASX200 DOWN 2.6% at one stage, before solidifying, and closing the […]