Sell in May and Go Away? Plus When Good Companies Turn Down
The age-old saying 'Sell in May and Go Away' works around 80% of the time on the ASX, how does it look in 2021? Gary Glover of Novus Capital the market axiom and what to look for in fallen angels.
Fallen Angels are when good companies turn down, but it's important to note that it's not always a buy signal. as Gold stocks rally, Milk stocks are not the next in line to rally (yet). Gold stocks rally and Regis Resources (RRL) provided a buy signal and IAG looks healthier than the last few months.
Introduction 0:00
Nasdaq 0:26
Dow Jones 2:25
XJO 3:20
RRL False Break 4:56
IAG turning the corner 6:51
Milk sector is icy cold (Synlait Milk, Bubs, A2 Milk) 8:32
When Hot Sectors Turn Cold 13:02
General Advice Warning:
The advice in this newsletter is of a general nature only and has been prepared without taking into account any of the objectives, financial situation or needs of any person. Before making an investment decision on the basis of any advice in this document, you need to consider, with or without the assistance of a financial adviser, whether the advice is appropriate in light of your particular objectives, financial situation, and needs.
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