Sunset Strip > Trading Day Wrap From Blue Ocean 20170706

Mathan Somasundaram

Local market was aimless and flip flopped with US futures all day to finish mainly flat. Currency, Commodity and global sentiment remains weak. The historical trend suggests were likely to remain in this up and down trading days till the last week of July. The best performing sectors were IT, Gold and Health Care while the worst performers were Telecom, Banks and Energy. On the sector/stock front….(1) Chinese PE move into Lithium and Volvo into Electric cars helped SYR and GXY deliver another short covering run (2) CSV bouncing from the lows as shorts fall over (3) PRU leading the recovery story in gold sector for July/August run (4) DRM was smashed on mine suspension (5) LNG lead the way down for energy stocks.

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Mathan Somasundaram

2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...

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Liz Klar

Thanks for sharing the Sunset Strip. We do miss the contributions you were able to offer with your previous employer i.e. Equity Engineer, GARY, SHIELD.

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Jay

I certainly miss and mourn the the loss of your GARY And SHIELD articles. The best and most informative in this sector. Bring them back, please.

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