ASX:HFR

Sunset Strip > Trading Day Wrap From Blue Ocean 20170822

Mathan Somasundaram

Local market climbed back higher gradually on the back of strong metal prices. Local market still struck in the narrow trading range since May. US market and geopolitics remain the macro overhang while reporting season is driving substantial volatility. Growth stories missing guidance or weak outlook statement are facing 15-20%... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170821

Mathan Somasundaram

Local market fell on global sentiment despite bounce in Iron Ore and Oil. US market heads the negative catalyst list. US market risk remains key for local market…(1) VIX looks to break above post election high (2) Russell 2000 (i.e. US domestic facing) has pulled back below 200 day MA... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170609

Mathan Somasundaram

Local market recovered from the fall at the open on the back of Chinese CPI data showing prices coming off. The market started to see the potential of the Chinese leadership to pump some cash to stimulate the economy while covering the June seasonal cash squeeze. Miners outperformed the market... Show More

Sunset Strip > Trading Day Blue Ocean Equities Market Wrap 20170505

Mathan Somasundaram

Local market continued the slide on weak commodities to deliver fourth consecutive negative day. Commodities keep falling and resource sectors continue to lead the market lower. MQG delivered a beat…was trading like it was on an upgrade cycle in recent days…but even that could not push the bank sector higher….WBC... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170501

Mathan Somasundaram

Local market made started positive on global investors pushing up the banks before pullback as local investors took profit. After that all the open Asian markets recovered on the US congress deal to fund the US Government till September!!! Utilities, Industrials and Staples were the outperformers while Resources were the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170424

Mathan Somasundaram

Local market popped on the open with French election result before sliding to close a slight positive day. The French elections goes to stage 2 as both major parties miss out…Le Pen faces Macron in final round of French presidential election…market remains positive that EU will survive on the back... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170418

Mathan Somasundaram

Local market ran into a brick wall with profit taking in almost every sector as global investors jumped out ahead of currency devaluation as commodities continue to fall. Substantial number of large caps had big lines crossed after the close…always a good sign that there are big global portfolio transitions... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170410

Mathan Somasundaram

Local market opened positively and even managed to move slightly higher despite weak Iron Ore, weak AUDUSD and weak US markets after big non-farm payroll miss…and then we see another round of big portfolio transition move after the close in several large caps…same thing happened recently…..big days finish with big... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170403

Mathan Somasundaram

Local market managed to squeeze out a slightly positive day despite weaker US, currency and commodity lead. Gold and Property were the best while Financials turned the market positive with miners weighing it down. Retail sales and housing approvals shows weaker economy ahead as we come off housing bubble…bit like... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170328

Mathan Somasundaram

Local market had an unexpected strong day…bounced up and held up better than anyone expected after the weak US sentiment. Market was once again pushed up by the Banks but even the miners turned positive with Utilities and Gold were the only negative sectors. Dividend money flowing back... 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