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

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...

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.