I'm hearing there may not be so much easy spending money available this time around and that Kiwis went big on buying stuff during and after last lockdown and have less disposable income now.
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I'm hearing there may not be so much easy spending money available this time around and that Kiwis went big on buying stuff during and after last lockdown and have less disposable income now.
That doesn’t seem to make any sense on the face of it: retail spending has been elevated since last years lockdown for over 14 months straight. Why would it not resume its strong performance after this lockdown when people haven’t been able to spend any of their disposable income?
$9 Billion a year is normally spent by Kiwi's travelling overseas. Interest rates are close to all time lows so there's more disposable money that people normally make on their mortgage payments there too.
With the obvious exception of most of the people on here we are a nation of spenders and almost all that money for the foreseeable future will be spent on retail in New Zealand. Probably can't go wrong with any of the retail stocks for the foreseeable future but for what its worth I prefer WHS, HLG and TRA.
Delivery of food update. I ordered about $150 of food items and one stationary item on Monday evening last week.
One of my best mates also ordered a similar quantity of food. Importantly no other food outlet we know of would delivery grocery items for either of us in lockdown level 4, (most supermarkets appear to have rationed this to 70 years old plus and people with special needs).
For both my friend and I all items were delivered within 5 working days, most within 3 working days. I don't think that's too bad in the circumstances.
That would be nice,happy holder since taking up some in the selldown a while back.Just anecdotal sharing what I've heard around my sphere,by no means accurate overall.The other thing is int rates,the only way from here is up.
Close 386 …equals multi-year high
Tomorrow will see that new high
Click and collect that $4 price tomorow.
Does anyone have any more information about what exactly the WHS growth strategy is that refers to the “building & trade” sector?
https://www.sharetrader.co.nz/blob:h...2-29eb9bd8bdbe
Attachment 12934
This is setting up for confirmation of a monthly bull flag, leading to the potential of further large moves over the coming months (refer to my previous posts). If we get confirmation then $4.50 should be on the cards at minimum. Daily, weekly and monthly uptrends intact. Playing trends on monthly timeframes just requires patience for them to play out.
I see two scenarios as most likely:
1. We have a bull flag pullback from the double top (likely on the weekly chart), before breaking the resistance and confirming monthly bull flag. In my view any pullpack from resistance will be for buying (unless news or red flags develop e.g. increased selling volume)
2. Breaking straight through the $3.86 resistance to confirm bull flag
A double top is a possible scenario to be aware of, however my view would be that this is only really possible with a negative news or sentiment event.
Disc: large long term position and trading around the edges.
Attachment 12936