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Today looks good...

Discussion in 'Shares' started by Simon, 25th Oct, 2005.

  1. Simon

    Simon Well-Known Member

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    NEW YORK - US stocks rallied, lifting the Dow and S&P 500 to their biggest one-day point gains in six months, after White House economic adviser Ben Bernanke's nomination to succeed Federal Reserve Chairman Alan Greenspan put to rest some market uncertainty.
    Earnings reports also buoyed investor sentiment.
    The Dow Jones industrial average rose 169.78 points to 10,385.00. The Standard & Poor's 500 Index gained 19.79 points to 1199.38. The Nasdaq Composite Index advanced 33.62 points to 2115.83.

    LONDON - British shares closed higher, grabbing back part of last week's steep losses as oil majors BP and Royal Dutch Shell bounced in anticipation of results this week, while caterer Compass Group gained on bid talk.
    The FTSE 100 index closed 65.5 points higher at 5207.6 in a rally many had seen as predictable in the wake of last week's 2.5 percent drop.

    FRANKFURT - The DAX index ended at 4901.79, up 63.39 points.

    PARIS - The CAC-40 index closed at 4421.97, up 55.45 points.

    TOKYO - The Nikkei slipped around three quarters of a per cent, falling for the 10th time in 13 sessions as technology firms declined due to concerns about their earnings prospects.
    The Nikkei finished the day down 93.77 points at 13,106.18.

    HONG KONG - Hong Kong stocks dipped with shipping shares slipping on further signs of declining freight rates while tourism-related shares fell on growing concern about bird flu.
    The Hang Seng Index ended 85.50 points lower at 14,402.35.

    WELLINGTON - The New Zealand market was closed for the Labour Day holiday.

    In SYDNEY, the Australian share market is expected to open sharply firmer as a positive lead from US markets, coupled with a raft of domestic news, should ensure the local bourse opens firmly in the black.
    On the Sydney Futures Exchange, the December share price index contract was 54 points firmer at 4420.
    On the day shareholders from Telstra, Pacific Brands, Skilled, Healthscope, Orbital, Futuris, PaperlinX, Transurban, JB Hi-Fi, Village Life, Stockland and Investor Group all get the chance to front annual general meetings, while the ANZ Bank releases its full year results, kicking off the start of the bank reporting season.
     
  2. Tropo

    Tropo Well-Known Member

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    Simon,

    Yep......
    We should get a strong move up.
    IF momentum is strong enough XJO might break 4400 level today... :)
    :cool:
     
  3. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Yep,

    Up 1% on opening. Lets see how she closes...

    Cheers,
    Michael.
     
  4. Bob

    Bob Well-Known Member

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    The All Ordinaries rose 33.5 points (0.78%) to 4,350.8 while the ASX 200 firmed 33.6 points (0.77%) to 4,390.8.

    Bob
     
  5. MichaelWhyte

    MichaelWhyte Well-Known Member

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    And the All Ords rose another 49.8 points today (1.14%) to close just above 4400 again.

    That's almost a 2% gain in the last 2 days. Thank You Professor Bernanke!

    Cheers,
    Michael.
     
  6. Tropo

    Tropo Well-Known Member

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    "And the All Ords rose another 49.8 points today (1.14%) to close just above 4400 again "

    Michael,
    Steve is trading SP&200 ( XJO ) not All Ords...
    Next level up on XJO is approx. 4450
    :cool:
     
  7. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Tropo,

    Yeah I know. Just following on from Bob's post on the All Ords.

    In fact Steve is pretty much trading the ASX50 with only one or two straying outside of that range.

    The ASX200 did even better today! :D Up 52.6 points to 4443.4. And if Steve beat the index... :rolleyes: :D

    Cheers,
    Michael.
     
  8. Bob

    Bob Well-Known Member

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    Hi Michael,

    Yes, another good day. The All Ordinaries rose 49.8 points (1.14%) to 4,400.6 while the ASX 200 firmed 52.6 points (1.2%) to 4,443.4.

    Bob
     
  9. Alan

    Alan Well-Known Member

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    Market down 50 points one day, up 60-odd points the next.

    I know a number of people who love these sorts of conditions. :D



    :)
     
  10. Bob

    Bob Well-Known Member

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    The volatility creates the opportunity to beat the S&P 200 index.

    I dream of rollercoasters

    Regards,
    Steve


    Hi Alan

    Anyone we know???

    Bob
     
  11. Jenny

    Jenny Well-Known Member

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    a small query about the dimensions of rollcoaster needed to provide opportunity to profitably trade? .5%up and down, 1%up and down or does it need to be a really big dip and rise??

    I'm hoping for a further dip in about a week when our margin loan should be ready to go! :eek:

    Jenny
     
  12. Tropo

    Tropo Well-Known Member

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    " I'm hoping for a further dip in about a week when our margin loan should be ready to go! ".

    Jenny,
    Just be patient. You might get lucky.
    Enjoy choppy market and keep $miling....
    :cool:
     
  13. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Guys,

    Closed nicely in the green today. The ASX200 was up 76.7 points to 4459.7, that's 1.75% for the day! Not bad indeed!! :D

    Here's hoping Steve's fund beat the index... ;)

    Cheers,
    Michael.
     
  14. perky

    perky Well-Known Member

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    It needs to.
    The first 30 days of this month, the index has beaten the fund by close to 2%. Lets sit (and hopefully) watch a good coming 2 months where the fund nudges equal near the end of November - and smacks the ASX200 by mid to late December !!!!
    These are the Navra shares currently in the portfolio - and how they went today :
    AGL 15.130 15.140 15.140 0.640 4.41%
    WOW 16.310 16.330 16.330 0.330 2.06%
    ANZ 23.450 23.550 23.550 0.360 1.55%
    ASX 28.740 28.780 28.770 0.700 2.49%
    BHP 20.730 20.750 20.750 0.650 3.23%
    BSL 8.420 8.470 8.470 0.200 2.42%
    CCL 7.560 7.650 7.620 0.180 2.42%
    FCL 1.850 1.850 1.850 0.050 2.78%
    LNN 7.850 7.890 7.890 0.200 2.60%
    MBL 64.530 64.670 64.670 1.170 1.84%
    ORG 6.720 6.730 6.720 0.270 4.19%
    ORI 19.120 19.170 19.120 0.210 1.11%
    OST 3.510 3.520 3.520 0.060 1.73%
    PBL 16.100 16.120 16.120 0.140 0.88%
    STO 10.980 11.000 11.000 0.240 2.23%
    TAH 15.970 16.000 16.000 0.180 1.14%
    TOL 12.500 12.530 12.500 0.060 0.48%

    WES 35.680 35.700 35.700 0.160 0.45%
    WPL 31.600 31.610 31.600 0.800 2.60%

    ASX200 4,459.70 76.70 1.75%

    I wonder if it will be the funds greatest day ever?
     
    Last edited by a moderator: 31st Oct, 2005
  15. Simon

    Simon Well-Known Member

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    MARKETS UPDATEAUST STOCKS CLOSE (SYDNEY)
    The Australian share market surged almost two per cent higher today as resources and bank stocks jumped into positive territory following a healthy result from Wall Street.
    At the 1605 AEDT close the S&P/ASX200 had risen 76.7 points to 4459.7 while the all ordinaries climbed 72.2 points to 4412.7.
    At 1615 AEDT on the Sydney Futures Exchange .. the December share price index contract was up 80 points to 4463 on volume of 14,231.



    Must be good news?

    Cheers,