Market Matters Weekend report Saturday 12th March 2016
This weekend's report is relatively short because stock markets have unfolded exactly as we have been forecasting; hopefully, that's not the kiss of death to our views! The ASX200 advanced 1.5% last week led by the banks which gained 3.6%, compared to the oil sector which fell 3.1%, giving up some of its strong monthly gains. Market Matters anticipates further gains in March for the local market to the 5250 area i.e. only 1.6% higher. We remain in "sell mode" but anticipate higher prices in most sectors before significantly reducing our equities exposure. Ideally, the market will rally towards the 5300 area in early April prior to turning back down as people start thinking of "sell in May and go away!". To read the full comprehensive report and see all our chart analysis. (VIEW LINK)
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