Mineral Resources – Accumulate
Mineral Resources is under Algo Engine buy conditions and is in our ASX 100 model portfolio. Our accumulation range for MIN is $37 – $47.
Wesfarmers – 1H FY22 Earnings
Woolworths – Accumulate
Woolworths Group is under Algo Engine buy conditions. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
US Stock Market
The graph of the S&P500 shows faltering short-term momentum with overhead resistance at 4590 in the S&P500 index.
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Traders will be monitoring next week’s price action based on the above pattern.
19/2 update: The S&P500 remains below the 10-day average.
Bitcoin – Algo Sell
Bitcoin is under Algo Engine sell conditions and the price action remains below the 10-day average.
Gold Road – Update
Gold Road Resources remains our preferred gold exposure.
8/2/22 Update: Algo investors are likely already set in GOR. Traders will now be recognizing the first test, first fail, (FTFF), and will be setting their entry and stop loss.
14/2 update:
18/2 update:
Treasury Wine: 1H22 Financials
SPDR Property Fund – Buy
SLF:AXW is under Algo Engine buy conditions and is a current holding in our ASX ETF model portfolio.
SLF, LLC and GMG are our preferred property exposures.
Woodside Rallies 25%
Woodside Petroleum is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
17/2 Update: WPL has now rallied 25%+
Goodman Group – Rallies 10%
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 14% EPS growth into FY22 .
17/2 Update: GMG has now rallied 10%+
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