Whilst scrolling through ASX listed ETO stocks I noticed something interesting – the performance of the top 20 listed stocks is quite mixed and different to the broader index. The chart below shows the S&P/ASX20 (white) versus the S&P/ASX200 (blue). The S&P/ASX20 is down about 0.59% YTD whereas the S&P/ASX200 is down 6.1% YTD. Given…
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The chart below is of the RBA cash rate – if you blow the chart up and squint really hard you can see the recent rise in the cash rate. Apparently, this return to normal transmission where interest rates do something other than go down continually is causing a few people to have conniptions. Taking…
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Every generation bears witness to the destruction of wealth – all booms end in a bust that is the natural cycle of the markets. These busts always follow on the heels of what has become known as irrational exuberance and this exuberance is fueled by hubris. But as each investing generation learns price goeth before…
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Coincidence is a wonderfully odd thing. Whilst filling the truck at the local petrol station this morning a car pulled up at the bowser next to me – there is nothing earth-shatteringly exciting about this other than the interesting fact that it had three reasonably new parking tickets on under one of its windscreen wipers.…
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Social media….the gift that just keeps on giving in terms of the idiocy it offers up to traders. It is hard to decide whether it is a wonderful entertainment value or whether it is profoundly depressing in terms of the idiocy that it generates. The latest piece of inanity comes from the notion of how…
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The chart below shows that the current drawdown on the S&P/ASX200 is 7.74% – the way it is being portrayed in the media you might think it was actually down 77.4%.
I run a scan that looks for anomalies in volume and a few months ago it threw up an interesting candidate – AGL. The scan is set up in such a way as to generally ignore these larger cap stocks – they very rarely show up as potential trades. You can see the large blue…
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……I was a professional poker player for 15 years. For the most part, for most of my career the difference between the good players and the great players was not technical skill. It was psychological skill and mental fortitude. It was the ability to not tilt, to not play poorly, to not let your emotions…
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