XSO 1.03% 3,148.6 s&p/asx small ordinaries

last week was good with gor tagging $1. my trading ones sold and...

  1. cha
    5,333 Posts.
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    last week was good with gor tagging $1. my trading ones sold and long term held here. $1 level and 10c level always take a bit of getting through.
    longer term though can miss out on a lot by selling the resistance points but can also save from a lotof pain by respecting them. arm made a $1 before back to 1c. majority are like that

    stm back at old highs with news due. nicely doubled from 2c back over 4c level. spike looked thin but traders will keep at it this week. longer term fa looks good with right macro support. darvis break would be nice
    but i always look at them and think why were they 2c not so long ago. because the sharks wanted to load up. why are they running now. well just watching for the selling of those 2c shares on some volume at 100% plus. if you controlled the market is that not what you would do. or so a cynical aging old bugger like me looks at it all lol
    more interested in the ones apparently failing here to see whats what. aee and oku come to mind. stm was there at 2c not so long ago.

    next week will see fade on gold and goldies? or support lead it higher. spx support pushed it back up. i expect retrace and churn here with news out from fed but still pretty benign

    sto close to last high here. a hurdle coming up for it on fa and ta level

    quite a few coming back on churn after running so some patience with them. may/june normally best time to look for bargains ready for next financial year but will see. this year been out of kilter on timing of a few macros. think i will stick with the runners as they churn back and relaunch.
 
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