XJO 0.01% 8,142.1 s&p/asx 200

Long Weekend Charting and Chat - 13th April 2017, page-19

  1. 9,452 Posts.
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    Thanks amb005.

    Currently holding since the beginning of the month: Aristocrat Leisure, APA, CSL, TCL. Will continue holding until they cross below the 13 DEMA. All are strong momentum stocks.

    I don't do much trading. I have a long term portfolio directed at catching big dividends (including some ETFs), plus some risk management ETFs. in Bonds and US Equities. (I'm a retiree - so I want a steady income stream.)

    That doesn't directly answer your question - but I hope it helps.

    For a one-week hold, I'd suggest the big four banks. Boring answer. You're not going to make a mint on those, but they might do OK.

    Charts for the four big banks are very similar. All are in up-trends and look ready to bounce up off the 5-Day MA and 13-Day MA.

    Not right now, but the Gold stocks (NCM, NST) should be watched. Currently very overbought - but probably a buy-the-dip scenario. They have more bang for the buck than the banks.

    RB.
 
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