AGE Daily Report, page-387

Gains as expected?
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(will keep it short as covered most on the weekly report)
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Yes AGE gained 3 pips to finish at 5.4c. Our volume was very high - just over 89m shares traded. So wants to break out but some punters not confident due to CR shares appearing this week. But the general U stocks are going high. Its 50/50 at this stage what will happen. We could stay at this level or some more weakness, or the sophs may push us towards 7 so that they have a buffer for those who want to exit. Whatever,, even if it stays here, it may be short lived, I think, but please dyor. I can also see AGE is now much undervalued to few, so this horse will come back at some stage in the race. So I am loading up, bought some more today at 5.3 and 5.4. Now my average for this trading phase is 5.1 (still holding longs with average 3.5)
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ASX U again had another good day. Of the 28 stocks that I track, average gain was around 5%. Many big days with lot of stocks making 52 week high.
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So another stellar performance by U stocks. Decoupling at a very good level. Most stocks did well except LOT/ACB who are merging - very unusual sell, indicative of some news which may not be positive, maybe CR though they got 15m in kitty - but very likely. I exited half of it today as don't like price action. But it is very undervalued like AGE so holding some and keeping an eye. If US U stocks do well tonight, we could see a continuation tomorrow.
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What next:
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SP 500 at very critical level, in a downward trend. It may continue.
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Based on my reading, the most likely scenario is that SP 500 from its current level of 4320 will go towards 4280, then get a bounce towards 4380/4400, then get rejected there, will fall around 4200 level to form final bottom. All speculative though.
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So what will happen tonight? Unpredictable, some say we reverse from here, others think we are going down at least towards 4200 on SP 500 now. But we have had a number of red days. Best case scenario is intra-day dip towards 4280 on SP 500 and then reverse. Will that happen? . Lets hope so. All the best..