Data Diary

Australian equities have benefited from two major trends over the last couple of decades (casting aside the credit bubble on the grounds that it hurt).  They are 1) the growth in our compulsory superannuation investment pool and 2) the growth in China’s demand for all things resources.  It’s interesting then to compare and contrast the [...]

What to make of the following charts that map out the relative performance of the ASX200 financials (XXJ) and ASX200 A-REITS (XPJ) across the last decade (as described by their respective 50 day and 200 day moving averages)? Interesting.  The two indices paced each other to the market top in 2007.  From there, the financials [...]

The analysis on this site is principally undertaken for my own benefit – the upside being input that comes from readers.  As it’s a non-profit exercise based on publicly available information, the analysis tends to be more superficial than might otherwise be the case.  Likening it to a do-it-yourself meth lab at least warns of [...]

I started this post some months ago with the intention of digging deeper into our Australian banks reliance on the international capital markets.  In particular wanted to get an understanding of what the impact of the government guarantee funding facility would be.  I’ve been dragging my feet, so in an effort to get it out [...]

Starting with the more defensive, domestically oriented sectors – the financials have been enjoying the reporting season (the chart below doesn’t pick-up today’s explosive price action): Technicals – uptrend has been broken, while longer term downtrend from 2007 peak remains afoot.  MACD firmly trending lower as is momentum. Fundamentals – banks have been making hay [...]

Iron cuticles reporting for duty… Leadership in the Australian market’s rally since March 2009 has come from financials and the materials sectors.  It was notable then that the recent high in the All Ordinaries was not matched by the financials. XXJ was rejected off the longer term downtrend from the September 2007 peak while it [...]

Iron Cuticles here with some final thoughts for 2009 (coming to you through the intemperate haze of a summer flu). The Australian equities market is at a crossroads – trading in a ever narrower range and refusing to capitulate (as I’d been expecting right about now). Unfortunately, arguments can be made for both another fling [...]

Scalpel? Tweezers? Face mask on?  Maybe a little eucalyptus oil on your upper lip too… It’s not been a great sign of strength for the global equity markets that indexes like the All Ordinaries, Canada’s TSE and the Russell have not joined the S&P at new highs.  Well let’s see what is happening in the [...]