Tag Archives: bhp.asx

BHP – is there more upside?

Today BHP hit the profit objective for the head and shoulders buy strategy I posted on 6 May. When this happens, traders often ask  – should I be taking profits here or trying to run this trend further? This post covers some … Continue reading

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BHP – Head and Shoulder Buy

Technical traders may be interested in the fact that Friday’s strong rally in commodity prices looks like setting BHP up for a head and shoulders buy today.

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The Big (Global) Australian

Looking at trading yesterday, one of CMC’s senior dealers remarked: “It’s not often we get a 65 point rise (in the Australia 200 index) when BHP falls.” Why is BHP going down as the market goes up? The latest round … Continue reading

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Break Out!

Yesterday’s close on the share market has very important implications for investors and traders. At 5,036.9, the ASX200 is at its highest closing level since the GFC – the previous high point was 5,025.1, reached in April 2010. Recent market … Continue reading

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BHP – The Big Picture

The world’s largest listed mining company has turned a corner. Better global growth prospects have investors contemplating their exposures. Dividend yielding stocks are at the heart of many re-built portfolios,and despite recent rises in share prices still make a sound … Continue reading

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Iron Ore and BHP charts – updated outlook

With the iron ore price now being a key barometer for Australian markets, it’s worth keeping an eye on the chart. To help keep readers up to date, I’ve posted the latest iron ore index chart with some of my thoughts on the outlook … Continue reading

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Pairs Trading – Buy BHP, Sell RIO

The recovery in iron ore prices since August appears to have driven an outperformance by RIO over BHP in Australia. However, both companies are also listed in London, and the degree of the outperformance is significantly smaller. Combined with stronger … Continue reading

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Pairs for Performance

Professional investors watch the two largest sectors of the Australian share market very closely. Financial and Materials (largely miners) make up around two thirds of the value of all companies in the Australia 200 Index. The big picture view is … Continue reading

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