Sunset Strip | Aussie market delivered another flat day despite geopolitical risks rising, negative China data and US being closed tonight

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market delivered another flat day despite geopolitical risks rising, negative China data and US being closed tonight. We continue to be negative in the short term as the markets have run ahead of valuation, rising geopolitical risks, stocks going ex div and escrow shares taking marginal buying. Looking past all the geo political risks and Ebola health risks in Africa, ECB has to deliver substantial QE program to bring Euro out of the mess it's stuck in. Anything less will see substantial profit taking in the markets. Locally, we don't expect anything from RBA tomorrow while keep in mind the index changes will be announced on Friday. MYR and ARI are potential candidates that could see buying from small cap fund managers if they get kicked out of S&P 100. Trading idea of the day: Seven West Media (SWM). Monday's Macro Stock Pick: Flight Centre (FLT). (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...

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