Time for short term traders to take profit
Time for short term traders to take profit. Why (1) Valuation stretched (2) Volatility index in US and Aus aligned at historical low levels (3) Banks ex dividend (4) Lacking macro catalyst (5) Risk in China and Europe...now waiting for stimulus (6) Recent recovery on low volume (7) Cost of growth is at historical high level (8) Bond yields are pulling back (9) Commodity prices remain volatile (10) Fund managers are holding substantial amount of cash and standing back (11) Fridays historically are sell days (12) Budget adds to the uncertainty (13) What would Putin do? Anything he wants...but in this scenario...TAKE PROFIT Long term - Remain positive
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Over 30 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 CEO at Deep Data Analytics (www.deepdataanalytics.com.au) which is an integrated data analytics driven investment strategy service provider.
2 topics
Comments
Comments
Sign In or Join Free to comment