Hello QAV Light Brigade

It’s Monday and this is my weekly report. Welcome to our new subscribers!

I don’t know if it was Sir Isaac Newton who coined the phrase “what goes up must come down”, but whoever it was, they were obviously thinking about the ASX at the time. 

The AORD reversed its recovery last week. Yesterday, the AFR was predicting “Australian shares are set to open higher on Monday”, and it did, for about five minutes. 

“The Australian sharemarket opened higher on Monday, ahead of a flurry of economic indicators that are set to test the Reserve Bank’s first batch of forecasts under Michele Bullock’s governorship. The benchmark S&P/ASX 200 index rose 0.1 per cent, or 6.8 points to 6983.3 at market open, following Wall Street’s lead after a surprise rally across indexes in the United States on Friday, led by some of the largest technology groups.” (AFR)

Then it did an about face. 

 

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SELLS

THIS CONTENT IS ONLY AVAILABLE TO QAV LIGHT AND CLUB SUBSCRIBERS.

BUYS

THIS CONTENT IS ONLY AVAILABLE TO QAV LIGHT AND CLUB SUBSCRIBERS.

 

 

DISCLOSURE

In the interest of full disclosure, we would like to advise that, as of the date of this email, the QAV team currently hold these stocks in their personal portfolios:

ANZ BPT EHE FHE FPR GRR KAR PRU QBE RMS SSM SUL VEA VUK WAM WGX

Please note that our personal holdings might not include the stocks we recommend in QAV Light. This is because we already have full portfolios (15-20 stocks) and can only add new stocks if we have to sell something.

If you’re interested in learning more, please review our trading and disclosure policy.

 

FOR NEW MEMBERS

If you’re new to QAV Light, here’s a quick reminder on how it works.

    1. We send you an email every Monday advising which stocks we are adding to our Light portfolio.
    2. You can copy our trades, but please remember to review our Trading Guidelines to understand which cap you should be looking at and other important considerations. And consult a financial planner before making any decisions.
    3. We don’t recommend that you add stocks which are already in our portfolio. Their position on our buy list might have changed since we recommended them. Just start with the stocks recommended after you become a member.
    4. If one of the stocks we add breaches one of our sell conditions, we will sell it from our portfolio and you’ll get an email advising of the trade. Again, you can copy our trades, but seek financial advice before making any decisions. And please check your Rule #1 price (see Trading Guidelines).
    5. If you have any questions about our terminology (eg “3PTL”, “Rule 1”, “Possibles”, etc), please first refer to our QAV Terminology page, and if you have further questions, just email Cameron.

     

    That’s it for today!

    If we decide to buy or sell something, we’ll let you know.

    Got a question?
    info@qavpodcast.com.au