WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
10/1 update: WPL remains our preferred energy exposure along with the FUEL ETF. WPL has now rallied 10% and the momentum remains positive.
Rio Tinto is under Algo Engine buy conditions.
13/12 Update:
10/1 update: RIO remains our preferred iron ore exposure, we continue to hold the position whilst it remains under Algo Engine buy conditions. Traders may choose to focus on the momentum of the current rally and consider closing the short-term trade should we see a break below the 10-day average.
Walt Disney Company (The) Common was sold this week after generating an Algo Engine sell signal at $155.73. The position produced a 49.96% return, since being added back in Feb 2018.
iShares Asia 50 is under Algo Engine buy conditions and is a current holding in our iShares ETF model.
INVESTMENT OBJECTIVE: The fund aims to provide investors with the performance of the S&P Asia 50TM Index, before fees and expenses. The index is designed to measure the performance of the 50 leading companies listed in China, Hong Kong, Macau, Singapore, South Korea and Taiwan.
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
COH has rallied from $175 to a high of $257. The subsequent pullback has seen buying interest rebuild at the higher low of $207. This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.
iShares Core S&P/ASX 200 was sold yesterday after being in the ASX All ETF model for 470 days, generating a 34.4% return.
Bega Cheese remains a preferred holding in our ASX portfolio.
Andrew Forrest’s private investment fund has purchased more than $100 million of shares in Bega, equivalent to an approximate 6.6% stake.
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