Sunset Strip | Aussie market maintained the negative rage despite positive Iron Ore and global lead

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market maintained the negative rage despite positive Iron Ore and global lead. The positive trend was dominated by Energy and Gold stocks. Time to turn positive on Energy sector...Prefer OSH and WPL in the big and AWE, BPT and SXY in the mid/small. Gold sector is a wait and see after Swiss referendum on 30th Nov...if that goes negative...current polling suggests that...spot gold will go down. ACR was a stand-alone outperformer popping 23%. The negative trend was dominated by mining services and some bad boys. NXT saw some 20m shares crossed on the open...must take out a decent amount of buying support in this small cap. CDD...down 25%. Trading idea of the day: CarSales.com (CRZ). Friday's High Risk Pick: Bionomics (BNO). Chart of the day: Beach Energy (BPT). (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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