The local market did make a rebound move up to a resistance zone before being walloped today after President Trump’s Liberation Day speech on tariffs. If we have a second leg down equal to the first leg down it would put the market at around 7,200 points. Time will tell how far we fall, if Trump does a deal or two it could all change quickly.
The local markets ASX 200 top gainers and losses around lunchtime today.
Here is a snapshot of some US markets for stocks, gold and bitcoin before the speech.
Here are the same markets, mostly down quite a lot, reacting to Trump’s speech.
HMC Capital has had a hefty fall.
Cog Financial has moved above the down trend line.
Origin Energy is in a nice uptrend for now.
Fleetwood has some rapid rises and falls over the past few years. Will it top out again or break through the resistance zone.
Dalrymple Bay Infrastructure, the met coal export facility, pays a healthy dividend of around 5.5 per cent and is currently moving upwards.
The diversified Seven Group Holdings is currently in a nice uptrend.
Regis Healthcare looks to be consolidating before the next move.
Warren Buffet’s cashed up Berkshire Hathaway class B shares are still trending up strongly amidst all the global uncertainty.
Not every stock compounds well over time. This chart shows Santos over the last 20 odd years.
Wesfarmers has done quite well since the GFC.
This chart of Ecograf shows that small company share prices can be quite volatile.
This graph comes from an article “Riding the Golden Bull” by Michael Goldberg on the Livewire Markets website and suggests we have some more upside to the gold price. The gold low in the futures market was $1045 in October 2015, so we are up close to 300 per cent from there and the ten-year cycle anniversary is fast approaching.
This comparison chart shows US gold miners are yet to fully reflect the run up in the gold price.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column. Cheers Charlie.
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