Summary
Phil Anderson clarifies a comment from Gann Email #6 by noting that while most individual ASX stocks have been quiet, a wide range of listed ETFs on the ASX now offer actionable trading opportunities, including exposure to US markets, India, Japan, and commodities. He highlights copper (via ASX:WIRE) as a potential second-half real estate cycle play, and points to building stocks entering the 52-week highs list as a counter-signal to Australian recession fears.
Key Claims
- ASX-listed ETFs (e.g., SPY, SEMI, GGUS) now allow traders to access US and international markets from the ASX — confidence: high
- Copper prices have historically risen significantly in the second half of each real estate cycle, per Anderson’s book — confidence: medium
- ASX:WIRE (copper ETF) may represent a second-half real estate cycle trade worth monitoring — confidence: medium
- Building stocks (BLD, CSR, FBU, JHX) entering the 52-week highs list is a bullish signal for the Australian economy — confidence: high
- Australian building stocks entering new highs makes a domestic recession unlikely — confidence: medium
- The 52-week highs list is presented as a superior, opinion-free daily research tool compared to financial media — confidence: high
Mex Pete References
None
Stock Picks / Signals
- ASX:WIRE (copper ETF) — watch for breakout; flagged as a second-half real estate cycle candidate
- ASX:SFR (Sandfire Resources) — watch; a weekly close above $7.00 cited as a significant signal
- ASX:BLD, ASX:CSR, NZX:FBU, ASX:JHX — building stocks noted as having entered the 52-week highs list; interpreted as bullish
- SPY, SEMI, GGUS — US-exposure ETFs listed on ASX referenced as examples of recent breakout opportunities
Predictions / Forecasts
- Copper prices expected to move materially higher in the second half of the current real estate cycle (no specific date or price target given)
- Australian recession considered unlikely given building stocks entering new highs (no timeframe specified)
Notable Quotes
“An Australian recession is rarely in the making with Australian building stocks entering the new highs list.”
“The 12-months new highs list is very much something you should include in your daily activity. It tells you a lot about what’s going on and will allow you to stop seeking out other people’s opinions.”