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Monday, January 6, 2014
ASX weekly stock scan
My scan is a bit late this week. I usually like to do it on the weekend but I wanted to see how the market went today. I think the market is topping out but it does not seem to be ultra bearish. These stocks are just a few to look at. There are quite a few gold stocks that cam up in the scan. I did not put all of them in the final selection. I try to give a balance of stocks. These stocks are just to have a look at through the week. I am not saying to buy these stocks. See terms of use at the bottom of this blog.
RXM - AQG - AHZ - ADO - TRY - RGS - ACR - VOC - HGG - UNS - IGO - IDC - PIR - KCN - NST - IMD - MML - TFC - RSG - BTT - EVN - WTP - BKL - RMS - SDM - ORE - BLY - SBM - SAR - AVB - LCM - DRM - DOW - DMP - OZL - CWP - CDY - FAR - HSN.
I expect more downside in the ASX in the week ahead but that does not mean that all stocks will follow. Just use a good amount of caution. Gold is in the early stages of lifting off support. It is not in an uptrend yet and could still fail below $1200.00
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