US Earnings
Monday, October 18: State Street
Tuesday, October 19: Johnson & Johnson and Procter & Gamble
Wednesday, October 20: Verizon, Biogen, and IBM.
Thursday, October 21: Dow, Intel, and Snap
Friday, October 22: American Express and Honeywell
Rio – Buy Signal
Rio Tinto is under Algo Engine buy conditions.
Ramsay Healthcare – Buy
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Suncorp – Sell
Suncorp Group is under Algo Engine sell conditions and we expect selling pressure to build below the $13.00 resistance level.
Short SUN with stops above $13.00
Bank of Queensland – Sell
Bank of Queensland is under Algo Engine sell conditions and we expect selling pressure to build below the $10.00 resistance level.
Short BOQ with stops above $10.00
Crown – Buy
The current weakness in the Crown share price could be a buying opportunity. It’s unlikely that the current COVID-related operational impacts are going to deter the interested parties who have put forward takeover offers.
Continue to track the CWN share price and wait for a cross above the 10-day average.
12/8 update: CWN is now trading above the 10 day average.
18/10 update: Crown recovery continues, buy with a stop loss below $8.75
NASDAQ 100 ETF +216%
BetaShares Nasdaq 100 is under Algo Engine buy conditions and is among the best performing ETFs in our ASX ALL ETF model.
The ETF was added in January 2016 and is now up 216% after 2105 holding days.
Invocare – Algo Buy Signal
InvoCare is under Algo Engine buy conditions.
iShares S&P 500 (AUD Hedged) ETF
iShares S&P 500 AUD Hedged is under Algo Engine buy conditions.
The fund aims to provide investors with the performance of the S&P 500 Hedged AUD Index, before fees and expenses. The index is designed to measure the AUD hedged performance of large capitalisation US
equities.
Breville – Algo Buy
Breville Group is under Algo Engine buy conditions and we see price support building at $26.50
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