| Weekly Trend: | Down |
|
| Daily Trend: | Neutral |
|
| Daily Momentum: | ___ | Up |
The market closed weak today but a closer look shows that mid-cap resource stocks had a big upside day. We’ve got some exposure in our portfolios, such as MGX, SFR and RRL. My view over the last few years is that this remains the sector to be exposed to over the coming years, albeit with added volatility. If you can deal with the extra ups and downs then I feel that you will be rewarded over the coming years. Apart from this aberration we stay with our main focus on US earnings and their respective impact on US markets.
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Thu, Jul 22, 2010
ASX Commentary