Pro Trader: Monthly Reports

/Pro Trader: Monthly Reports
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Protrader – June 2019 Market Wrap

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 point as bargain-hunting buying piled in, and with support from the mining sector with Iron Ore up 70% for the 18/19 yr, and gold reaching the highest level

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Protrader – May 2019 Market Wrap

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 11yr high of 6511 on the 22nd: levels not seen since Nov 2007. However apart from the election outcome, it would be fair to say that the domestic

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Protrader – April 2019 Market Wrap

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. Unexpected positive Chinese data sparked a rally, helping the market to lift to a 6 month high, with BHP hitting their highest level since 2011. The

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Protrader – March 2019 Market Wrap

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 of 175 points, with a high 6270, and an intraday low of 6096 was hit on the 27th of March following US yield inversion, finally closing

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Protrader – February 2019 Market Wrap

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 Melbourne housing prices falling at their fastest quarterly rate in history. It is important to understand, as can be seen by the chart below, although there are some serious concerns

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Protrader – January 2019 Market Wrap

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 low of 5552, the market basically never looked back for the remainder of January, on Jan 25th, closing at the highest level since early November, and finally closing at 5864,

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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 two year low. A mild festive rally followed resulting in a close at 5651 with a loss of 16 points for the month. The potential expansion of the US/Sino trade war,

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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 issues, particularly surrounding a largely unsuccessful APEC & G20 meetings and continued US/ China Trade War concerns enveloped any domestic factors, resulting with a 272 point drop from the 13th of

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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 performance since Aug 2015, declining 6%, and erasing its year-to-year date gains. Despite some strong economic and industry figures both domestically and abroad the market was overwhelmed by the two

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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 month at 6207. Despite further Solid economic data such as a better than expected GDP, the market was unable to shake concerns about a potential International trade war. Fear for fear’s