Short Term Trading Week Starting: 8th Oct, page-99

The last time I posted I talked about the problems with the  new ANZ trading system I had at the time and I also said it must be a sign from heaven. I didn't buy anything and started to sell a few stocks and have now a small war chest at hand. I will probably wait another month until the US mid term election will be done and dusted. Only then we will see Trumps China policy and if he turns the screws even more or if they will find a solution for the different trade views.

I know some traders will sell everything in times like this but I stay invested but mainly in my top 5 holdings which are more than a STT. I also hold  MAM  CYL, FTZ  ANW AJQ and POZ. CYL has an interesting chart and all the stocks which are up for sale are gobbled up. Today I see another nice bid and it would not surprise me if we see a new high today.

Generally I can't see a crash but I will be very cautious for the next few weeks. Maybe looking out for another goldie.