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EOW 146 update: ASX Momentum Portfolio +132% (58% invested in 3 trades)
Benchmark index: SPAX2F15 (Incl. divs and f credits) +16.7% (past 146 wks)
This weeks sells: EHL (-0.6R), WFD (+3.7R)
This weeks buys: nil
The XAO stays within the current range (consolidation) having failed to go higher. Meanwhile our portfolio continues to grow and makes another equity high. Even though our equity curve may look like a crypto price chart, it's not a bubble that will eventually burst.
We sold our WFD trade on the next open after the offer was announced. Another good decision as the AUDUSD has risen a little since lowering the price of WFD shares. NWH and FBU are rising nicely.
Outlook: WU DU. We're still bullish even though the index remains in it's range. The index won't rise without the banks and it take a while longer for the sentiment towards the banks to improve.
There are other opportunities available but I'm a little cautious at the moment. I'm seeing opportunities in charts showing pull-backs in strong weekly trends. We'll start a few more trades soon as the portfolio has plenty of cash available. Portfolio heat is low at 3.1%.
Benchmark index: SPAX2F15 (Incl. divs and f credits) +16.7% (past 146 wks)
This weeks sells: EHL (-0.6R), WFD (+3.7R)
This weeks buys: nil
The XAO stays within the current range (consolidation) having failed to go higher. Meanwhile our portfolio continues to grow and makes another equity high. Even though our equity curve may look like a crypto price chart, it's not a bubble that will eventually burst.
We sold our WFD trade on the next open after the offer was announced. Another good decision as the AUDUSD has risen a little since lowering the price of WFD shares. NWH and FBU are rising nicely.
Outlook: WU DU. We're still bullish even though the index remains in it's range. The index won't rise without the banks and it take a while longer for the sentiment towards the banks to improve.
There are other opportunities available but I'm a little cautious at the moment. I'm seeing opportunities in charts showing pull-backs in strong weekly trends. We'll start a few more trades soon as the portfolio has plenty of cash available. Portfolio heat is low at 3.1%.