Daily Murmur 07/04/11

by Gary Glover

 Although the broader market has finished higher 14 out of the last 16 trading days I do think this stretched market can stretch a little bit further.  I expect the market to mark 4 weeks up which will take us into next week some time.  Hard to find value across the board here but at the same time its not quite ready to pullback yet either.  I’ll be writing covered calls over the blue chips here as it continues to stretch to the top of the recent trading ranges.


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

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