ASX:ELD

Sunset Strip > Trading Day Wrap From Blue Ocean 20170905

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market fell on the open with NK risk and then recovered to close flat with geopolitical uncertainty running wild. US markets will open tonight and play catch up. US administration is going to be calling global leaders tomorrow about NK and risk weighted response is for more sanctions and... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170901

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market bounced on positive global sentiment before running into profit taking ahead of the long weekend in the US. The global market sentiment improved with solid economic data from China, US and Canada while Japan data supports accommodative BOJ stance for the medium term. The non-farm payroll data will... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170831

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market bounced back on positive US and China economic data. The local business capex outlook data was positive but the weak consumer sentiment shows that one has not translated to the other since GFC. The GDP growth rate hit 3% and maintains the recovery pace we have seen in... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170811

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market was smacked down from the open on geopolitical risk…even the slight recovery after the morning fall withered away in the afternoon. DOW down over 200 and NASDAQ was snapped 2%. Safe haven investing was in play as bonds and gold bounced while equities were on the chopping block.... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170810

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market fell back into negative territory in the afternoon as global investor support for the banks ran out. The local market has gone nowhere in the last 2 months…23 up days and 22 down days. RIO going ex div weighed on the materials sector. Property sector giants in SCG... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170725

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market bounced back from yesterday’s underperformance on the back of strong commodities and AUDUSD. Banks were up on currency/yield trade while Resources were up on commodity bounce. Aussie CPI data tomorrow…high AUDUSD means outlook is for weaker inflation…unlikely to back any RBA rate hike scare story in 2017. The... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170628

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market started positive and maintained the pace with better commodities and higher rates outlook. US market remains the overhang and NASDAQ falls to the 50 day MA for the third time since US elections…last time NASDAQ broke 100 day MA, we had the high PE growth sell off…local investors... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170621

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market ran into a brick wall with weak global sentiment, bond yields and currency. Time to stay on the sidelines and wait for some of the optimism to unravel and pick up the bargains for July recovery. The best performing sectors were Health Care, Utilities and Staples while the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170616

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market finished slightly positive to end the week despite weaker commodities and flat AUDUSD. Market still digesting the US Fed outlook….US leading the sentiment and China MIA for now. China delivered a big cash injection to cater for the seasonal cash crush…but sentiment still weak. The best performing sectors... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170602

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market ran up on strong US data at the open then traded sideways for the second half of the day. Market flipped on recent trading trends and bought into both major sectors…banks and miners did well today. The best performers were IT, Staples and Miners while Utilities, Gold and... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170601

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market flip-flopped to finish as a positive day despite weaker China data. Tax loss selling in June will add to the seasonal weakness while better than expected retail data was mixed with weaker than expected China data. Market was buying into safety and weak currency stocks today. The best... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170523

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market jumped up on the global optimism before fading into a negative day on the back of terror attack in UK and US budget requests. The best performers were Gold, IT and Retail while Banks, Miners and Telcos were the worst performers. Since the start of Q2, we have... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170522

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market jumped up on the global optimism and then faded slightly through the day. The best performers were Energy, Metals & Mining and Gold while Health Care, Staples and Retail were the worst performers. Since the start of Q2, we have had every trading Monday as a positive day... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 2017022519

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market was hit again on the open before making another climb out of the lows of the day as global optimism on US fiscal upside unwinds. Market on stretched valuation was relying on optimism…now it ran into reality of the political risk….we have moved from “Trump Bump” to “Trump... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170516

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market finished positive after a volatile day with positive global overnight sentiment with Oil bounce. The best performers were Industrials, Metals & Miners and Retail while Banks, Gold and Utilities were the worst performers. NAB and MQG traded ex div today….WBC goes ex div on Thursday. Oil... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170515

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market recovered from the opening fall before weak China data took the market down to finish flat for the day. The best performers were Telcos, Financials and Energy while Gold, Staples and Property were the worst performers. US/China deals…will get more Beef, Poultry, financial Services, Agri/Bio and Energy access... Show More