XAO 0.27% 8,586.9 all ordinaries

Don't quit posting GF, always pleasing when on of your stocks...

  1. 1,897 Posts.
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    Don't quit posting GF, always pleasing when on of your stocks you post here also show up on my scans or "ST Watchlist"

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    XEC holds trend...just which is a good sign. Has been quite resilient given the DOW. I guess even though our markets didnt reap all the fruits of the DOW run earlier at least it holds it own on the downturn.



    DOW moved right near climatic action lows, you would want to see it hold here. So far looks okay with Futures up +0.91%. However I think one days reversal isn't reliable enough rather see how it fairs through this week.

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    Safe Haven sectors at this time? Looks like Cobalt and Gold.
    Gold:
    Gold majors/producers still strong, NST and RRL into 52W highs. GOR volume pushing out of pennant.
    Here's two charts I like





    As for a slight longer TF fundamental holdings, I have VEC and BLK.
    BLK a producer also showing strength today. Went through a flagging consol. tested lows and now small push on volume. Now to see if it can follow through and break the flag.


    COBALT:
    WFE +31%
    MTH +26%
    AYR +20%
    TAR +15%
    BSX +10%
    All which are new found players in the space. I think market will be on the hunt for the next unloved or cobalt spec shell player completely under the radar. I think if someone finds a decent one could be the next bagger. Given markets hold up.

    Cheers
 
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