It has been several weeks since my last post. Since then my wife and I have made the decision to return to Australia. We will be leaving on Wednesday the 8th of August. Coupled with all of the packing and organisation that is involved in such a move, I've had the opportunity to study Mr. Market and my assessment is as follows:
I'm expecting further downward pressure in all major indices after a short term bounce. My following blogs will display graphs representing my views. Also, I will identify both bullish and bearish looking stocks. This provides a form of diversification. My intention is to place a number of trades early next week.
The stocks I'm looking at with a bullish bias include CNQ, WCC, STV, MA, CVD.
The stocks I'm looking at with a bearish bias include FXE, AUY, BTU, INT, TS, SLW, XRTX.
Similar to the general market conditions, consequent blogs will outline the reasoning behind the above thoughts. It should also be noted that for every bullish idea, there is another person who will have a bearish perspective and vice versa. This thankfully forms Mr. Market. Each person may also be correct in their analysis, depending upon their timeframe. It is therefore advisable that you perform your own homework before placing any trade and my thoughts are to be used only as a guide.
Let the fun begin..
Have UNWAVERING faith in ABUNDANCE!!!
Condor
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