school holidays

Mathan Somasundaram

Market lost the momentum from four straight positive days to deliver a negative day. We are in the school holiday period where most investors will take the next two weeks off with Christmas and New Year breaks. We have seen better volumes this week than most expected and that may... Show More

Mathan Somasundaram

Market popped high on the open with OPEC deal optimism and then kept climbing to deliver a solid positive day. There might be a bit of end of month/quarter window dressing going through as well….with some of the market running off to the long weekend. Interesting moves of the day….... Show More

Mathan Somasundaram

Aussie market had a solid day up after a bit of volatility in the first hour as central bank worries wane after BOJ update. Aussie market is holding to the optimism like bulldog and the wait will be over tomorrow morning….the central bank deluge is nearly coming to an end…US... Show More

Mathan Somasundaram

Aussie market started with a rocket on the back of health care sector in the first hour and then went sideways for the rest of the day. Even if it’s not window dressing for the end of quarter and end of financial year, the bounce in the market form the... Show More

Mathan Somasundaram

Aussie market started slightly positive and then gave up the optimism as we saw in the US market on Friday. US reporting starts tonight with Alcoa while AWC trading showed today that the negative sentiment is strong. AUDUSD seems to be running out of puff with weak US reporting season... Show More

Mathan Somasundaram

Aussie market started negative and then fell hard before bouncing back to deliver a solid negative day in line with the US sentiment over the weekend. The negative performance today puts the local market into third consecutive negative weeks. Over the past 12mths, we have not had four consecutive negative... Show More

Mathan Somasundaram

Aussie market started positive in line with US market before the reality of weaker commodities and slowing economy took it down to slight negative territory. As we have been saying for the past few weeks, all the macro, fundamental, technical and trend leading indicators were showing profit taking was coming... Show More

Mathan Somasundaram

Aussie market made another remarkable recovery to follow up Friday’s effort to remain again on a thin edge positive when US markets are nearly down 3.5% in two days. The US markets were expected to have a pullback short term as global business models that dominate the US indices are... Show More

Mathan Somasundaram

Aussie market ran into overseas investor selling pressure flowing from the US Fed comments and growth downgrades. The global investors are telling the Aussie market that it is going to get a lot worse before it gets better. Australia is trading like an emerging market due to our commodity dependency,... Show More