Sunset Strip | Aussie market started the week negative following last week with falling Iron Ore and China worries

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market started the week negative following last week with falling Iron Ore and China worries. We continue to be negative in the short term as the markets had run ahead of valuation, rising geopolitical risks, China tightening, stocks going ex div, escrow shares taking marginal buying and ECB delivering nothing new for now. Stand out stock today was VED...up 2% after going ex div 4 cents...more to come. More brokers are getting negative now with words like imminent, downgrade and correction...I am waiting for the SELL NOW call to become consensus so that I can get positive on the market. Trading idea of the day: Breville (BRG). 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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