Silver – ETF Physical
ETF Physical Silver is under Algo Engine buy conditions.
NASDAQ – Valuation Review
NASDAQ’s PE ratio is now 27X forward earnings with 2022 earnings growth rate forecast at 12.3%. The recent rally is a significant extension given the move higher in interest rates.
The graph below looks at the valuation of the S&P relative to US GDP.
9/4 update: The downside momentum continues in the NASDAQ.
Goodman Group – Algo Buy
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 14% EPS growth into FY22 .
Telstra – Buy Signal
Telstra Corporation is under Algo Engine buy conditions.
James Hardie – Add to Watchlist
James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.
The price range for a reversal in price action remains wide at $33 to $39.
James Hardie – Add to Watchlist
James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.
The price range for a reversal in price action remains wide at $33 to $39.
Aristocrat – Algo Buy
Aristocrat Leisure is under Algo Engine buy conditions.
Wesfarmers – Algo Buy
Wesfarmers is under Algo Engine buy conditions.
Invocare – Algo Buy Signal
InvoCare is under Algo Engine buy conditions.
Collins Foods – Short-term Trade Setup
Collins Foods is under Algo Engine buy conditions.
Short-term traders may consider applying a stop loss below the recent pivot low.
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