Hi there,
The US Dow has had another small up result last night, 19 points, two ups in a row counting the one of 200 last Friday. I find this good and much more believable than another huge up. It sounds more like a cautious optimism to me.
The Aussie ASX had a big day of up yesterday and so far today, another small up so far. How it ends today of course, we wait to see. But this brings the ASX back to 5316, closing in on that 5400 mark. At that mark it will either fall back again or maybe creep over and then surge. Again, unknowns and no real reason for optimisim or pessimism at this stage.
Caution is the word here. If you follow weekly trends the summary has been saying that on the ASX the recommendations for stocks are summarised by looking at all brokers recommendations and they have resulted for months and months now in that the bulk of what they suggest to do is about half and half hold or buy and about 20% sell. So those recommendations are way in favour of NO PANIC and just hold or even buy. If you use an online service they tell you what to think about buying and elling or holding.
I would recommend FNArena to you as a site where you get daily updates of these recommendations from all and suggested price aims. They give you a 2 week free trial initially so you can see what they do and then if you want to keep it, of course a fee is required. But the data there is all you could want. Try it out and see what you think. I've been using it for several years, as well as my online brokers site which does similar things as well.
The US Dow has had another small up result last night, 19 points, two ups in a row counting the one of 200 last Friday. I find this good and much more believable than another huge up. It sounds more like a cautious optimism to me.
The Aussie ASX had a big day of up yesterday and so far today, another small up so far. How it ends today of course, we wait to see. But this brings the ASX back to 5316, closing in on that 5400 mark. At that mark it will either fall back again or maybe creep over and then surge. Again, unknowns and no real reason for optimisim or pessimism at this stage.
Caution is the word here. If you follow weekly trends the summary has been saying that on the ASX the recommendations for stocks are summarised by looking at all brokers recommendations and they have resulted for months and months now in that the bulk of what they suggest to do is about half and half hold or buy and about 20% sell. So those recommendations are way in favour of NO PANIC and just hold or even buy. If you use an online service they tell you what to think about buying and elling or holding.
I would recommend FNArena to you as a site where you get daily updates of these recommendations from all and suggested price aims. They give you a 2 week free trial initially so you can see what they do and then if you want to keep it, of course a fee is required. But the data there is all you could want. Try it out and see what you think. I've been using it for several years, as well as my online brokers site which does similar things as well.
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