Market Commentary December 2014
Please find this month’s Market Commentary newsletter which contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market.
Last month, we remained overweight on the stock market, noting that November was historically a good month for equities as well as being the start of the strongest half of the year. Technically, the market was also quietly bullish with the RSI at 61% – a nice level for a continuing uptrend in the market.
The market rose 2.7% to 6,722. Unfortunately, our recommendation in BHP performed poorly falling 6.7% mainly due to the fall in iron ore. However, we believe the fall in the oil price will provide some comfort for the stock going forward and would use this as a buying opportunity.