Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started negative and closed further down at the lows as global sentiment remains weak into the Valentine’s Day weekend. Let’s hope the markets don’t deliver a Valentine’s Day Massacre tonight in Europe and US. We still have China to come back on board next week and that could be down 20% in a day in this environment. The market is jumping on shadows and even a tweet could move it up or down substantially. The main trend remains bearish on US markets and the rest are getting dragged down with it. Spot Gold has broken the down trend and looks to break above 36mth MA after breaking 12mth and 24mth MA. Gold equities had a great day and that has been the trend since the US Fed raised rates in Dec. In an environment of global downgrades and negative rates, Australian bonds and equities are beginning to look very attractive. The best long short for the past few months has been LONG GOLD, SHORT OIL and we maintain that view into the weekend. (VIEW LINK)

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.