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IIR March 18 Microcap Monthly Newsletter

Mark Tobin

Veris Limited (VRS: ASX announced another acquisition in its continuing strategy to rollup firms in the surveying and urban/regional planning business. Veris decided to wind down its old OTOC construction business over last 18 months to focus on its surveying and planning strategy. The new acquisition was well received with... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170904

Mathan Somasundaram

Local market fell on the open with NK risk and then recovered part of the loses on the back of the positive commodity outlook. The data out of US remains patchy on the consumer outlook with another weaker than expected non-farm payroll while manufacturing PMI’s were solid. ECB hinted that... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170825

Mathan Somasundaram

Local market recovered from early losses to finish flat on continued commodity optimism. Shanghai index making a big move higher today….positive China sentiment. Base metals are on fire while Iron Ore and Oil continues to prove bears wrong. Copper leading the charge and we see MLX and MOD as the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170731

Mathan Somasundaram

Local market bounced back after Friday’s bashing. Started positive before investors took profit in the last few hours. European markets were negative while US and Asian markets were directionless. China data was stable without being special while local housing data was weak and private credit data was solid. July count... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170726

Mathan Somasundaram

Local market moved higher on better commodity prices and positive US reporting cycle. The market has been flip flopping all July…9 up days and 9 down days…July cycle so far has only delivered two consecutive positive days and we just had it. US Fed update early tomorrow morning…will set the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170518

Mathan Somasundaram

Local market was smacked on US political woes leading to US fiscal reform delays. Market on stretched valuation was relying on optimism…now it ran into reality of the political risk. There should be no real surprises here…stretched market on too much optimism with very low level of risk priced in…reality... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170517

Mathan Somasundaram

Local market started weak and then sentiment nosedived as more details of the White House debacles filtered through the media and drove US futures lower. The big risk with US politics at this point is…anything could happen. Market hates uncertainty…and volatility indices are at historical lows…something should give and the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170426

Mathan Somasundaram

Local market popped on the open again after US reporting season kicker and then traded sideways. US reporting season continues to remain robust…and there is no reason to bet against it…even the US new home sales were a big beat…supports strong economy. Banks lead the way higher while Gold stocks... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170407

Mathan Somasundaram

Local market fell on US strike on Syria after opening positive…and then recovered into the close to slight positive. Spot gold bounced and bond yields fell as market ran to safety with rising geo political risks adding existing global macro risks. Gold, Energy and Utilities were the best performers while... Show More

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Sunset Strip > Trading Day Wrap From Blue Ocean 20170315

Mathan Somasundaram

Local market opened weak on global sentiment before making a surprise recovery as the Chinese leadership talked a stable outlook at the end of the National People’s Congress. NPC closing update also delivered a balanced outlook on the potential global trade worries from the Chinese perspective. Utilities, Property and Miners... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170314

Mathan Somasundaram

Local market was flat with resources holding up the rest of the market. Resources were the best performers with Metals & Mining leading the way while Utilities, IT and Property lead the way down. Central banks take center stage on Super Thursday (1) US Fed is the big show… will... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170313

Mathan Somasundaram

Local market moved down with weaker commodities and weaker yield despite solid non-farm payroll pushing March rate rise to near 100% probability. Gold was a substantial outperformer in a day when most sectors were negative…Property, Energy and Health Care were the worst performers. Volatility index in Australia reached historical lows... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170302

Mathan Somasundaram

Local market jumped on the open and then traded sideways due to better commodity prices and strong global sentiment. Resources, Health Care and Banks drove the market higher while Telecommunication Services was the only negative sector. Investors continue to move from small caps to large caps and yield bond proxies... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170228

Mathan Somasundaram

Local market ran into more profit taking ahead of the State of Union address by the US president and the US GDP update on the last day of the month as well as the last substantial reporting season date. Miners and ET related selling in Gold equities drove the market... Show More

Sunset Strip > Australian Market Trading Day Wrap 20170224 from Blue Ocean Equities

Mathan Somasundaram

Local market ran into profit taking as US fiscal stimulus expected to take longer. Local market ran into profit taking in all sectors except gold with downgrade stocks experiencing further slide in share price performance. RBA comments support rates on hold through 2017 due to household debt, weak wages, underemployment... Show More

Sunset Strip > Australian Market Trading Day Wrap from Blue Ocean Equities

Mathan Somasundaram

Local market was aimless and drifted lower as global markets digest US Fed’s “fairly soon” rate rise outlook while local reporting season hits top gear. Local market reaction to results are running into short covering. Investors are shooting first and then asking questions later. ABC for one was down early... Show More

Sunset Strip > Australian Market Trading Day Wrap

Mathan Somasundaram

Local market bounced back from early losses on negative sentiment and CBA trading ex div to finish in the positive. The result updates continued to fall into three main camps…(1) Solid result surprise driving upgrades from relatively cheap levels like WTC and MMS (2) Meeting expectations and driving short covering... Show More

Sunset Strip > Australian Market Trading Day Wrap

Mathan Somasundaram

Local market bounced off the lows from the morning selloff to halve the losses. Result update selloff in BXB and WOR drove industrials and energy sector as the worst performers on a day the market lacked any sentiment. CSV delivered another downgrade and it keeps the IT sector in higher... Show More