ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Accumulate within the $64 – $68 price range.
NOTE: It was reported on mainstream media that NYSE volume is up over 50% in March, (based on the same time last year).
It seems reasonable to assume that the ASX will be benefiting from a similar pick up in order flows, across both equities and derivatives.
ResMed is under Algo Engine buy conditions and we see buying support building.
Accumulate RMD within the $22 – $23 price range.
The following table highlights the stocks that are favoured as safe harbours within the current market sell-off.
Out of the below list, Qantas is the exception.
It’s interesting to note the outperformance of QAN relative to the ASX200 index, which is down 5% at the time of writing this post.
Healthcare is an obvious sector for investors to allocate capital. SHL, RMD and CSL are good examples.
Coles Group has rallied over 15% from the recent Algo Engine buy signal. Investors should consider taking profit and reallocating into other oversold opportunities.
{AXW.ILC} is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.
The ASX rallied 10% from the session lows on Friday and a number of ASX 100 stocks advanced over 15% from their lows.
We started buying the ILC ETF to gain broad exposure to a large-cap recovery.
{AXW.IOO} is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.
We started buying this in Friday’s session to gain exposure to a recovery in the large-cap global names.
Coles Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
We see support for Coles at $14.00
Woolworths Group is now under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Woolworths rallied $3.00 off today’s session lows. We see Woolworths as a safe harbor in the current market sell-off.
WOW goes ex-div $0.50 on the 13th of September.
Coca-Cola Amatil is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We suggest buying CCL at $10.90 and selling an $11.96 December call option for a $0.50 credit.
CCL goes ex-div $0.21 on the 27th August.
Carsales.Com is under Algo Engine buy conditions and we see support building near the $15.50 price level.
Buy CAR at $15.50
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