Market Commentary for October 2017

"Nothing has changed and prepare for the correction"

By Alan Hull

This commentary is in part or entirely created using extracts and comments from my weekly Blue Chip Report. For more information about the Blue Chip Report, including subscription details and a recent sample report, go to Blue Chip Report

Last month I wrote...

Global Stockmarkets are stalled, with our market is leading the way...in not going anywhere... For the past three months our market has been consolidating around 5,750...

Hope for the best and plan for the worst. So I currently own some shares and some index ETFs and some cash. Thus I am one foot in the door and one foot out the door at the moment.

And given that nothing has changed, I'm still hoping for the best and planning for the worst. In fact for us Aussie investors nothing has actually changed in all of 2017. The ASX200 index started 2017 at 5,666 points and is still trading around this level....

The blue line represents the ASX200 at the start of 2017 and you can see how the market has sat above it since it fell back to this level at the start of June. Also note the upward spikes or needles, showing how our market has repeatedly attempted to pull away from this level but keeps getting sold back. Now on a brighter note we are sitting near the lower boundary of our medium term trend and hopefully we will bounce from this point, rather than breach the trendline. Fingers crossed…

And I do think we might have another rally across world markets, but then we are going to enter the next major downcycle. Of course this brings me to my forthcoming 'Prepare for the Correction' seminar series in November. I'm sure you've seen the advertising as this has been the most comprehensive marketing campaign we have ever undertaken. And that's because I think this is the most important message I have ever had to communicate.

We've run 5 different advertisements over as many weeks, offered an early bird special, we're running the seminars on Saturdays in three states and I have even created a short video at http://alanhulltv.com/correctionseminar.html And you may have also noticed that we haven't advertised anything else, so as not to dilute this promotion. But as the early bird offer ends this weekend we will turn the volume down.

Of course, if for some reason you have missed our emails then please send a request using our contact form if you would like more info and/or an enrolment form.