{"id":18084,"date":"2019-04-05T06:16:32","date_gmt":"2019-04-05T06:16:32","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=18084"},"modified":"2019-04-05T06:16:32","modified_gmt":"2019-04-05T06:16:32","slug":"asx-200-offshore-investors-retreat","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/05\/asx-200-offshore-investors-retreat\/","title":{"rendered":"ASX 200 offshore investors retreat"},"content":{"rendered":"<p>The ASX has undergone a sell-off in the last two days, presumed to be offshore investors withdrawing from Australian investments.<\/p>\n<blockquote><p>Bell Direct equities analyst Julia Lee (Thursday) said it appeared that overseas investors &#8211; or even just one large player &#8211; had pulled their money from the Australian market, as losses were concentrated among the ASX&#8217;s top 20 companies. (<a href=\"http:\/\/www.thebull.com.au\/articles\/a\/81155-asx-hits-skids-after-seven-days-of-gains.html\">thebull.com.au<\/a>)<\/p><\/blockquote>\n<p>Worst hit were REITs.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-xpj.png?w=525&#038;ssl=1\" alt=\"ASX 200 REITs\" \/><\/p>\n<p>Followed by Utilities.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-xuj.png?w=525&#038;ssl=1\" alt=\"ASX 200 Utilities\" \/><\/p>\n<p>ASX 200 Financials are testing support at 5800, while the Trend Index warns of a correction. Breach of 5800 would signal another test of primary support at 5300.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-xfj2.png?w=525&#038;ssl=1\" alt=\"ASX 200 Financials\" \/><\/p>\n<p>Materials continue their advance, benefiting from the iron ore windfall.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-xmj.png?w=525&#038;ssl=1\" alt=\"ASX 200 Materials\" \/><\/p>\n<p>The ASX 200 retreated from resistance at 6350. Declining Trend Index warns of a correction. Breach of 6000 would confirm.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-xjo.png?w=525&#038;ssl=1\" alt=\"ASX 200\" \/><\/p>\n<p>I remain cautious on Australian stocks and hold more than 40% in cash and fixed interest in the <a href=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/03\/australian-growth-portfolio\/\">Australian Growth<\/a> portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ASX has undergone a sell-off in the last two days, presumed to be offshore investors withdrawing from Australian investments. Bell Direct equities analyst Julia Lee (Thursday) said it appeared that overseas investors &#8211; or even just one large player &#8211; had pulled their money from the Australian market, as losses were concentrated among the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/05\/asx-200-offshore-investors-retreat\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ASX 200 offshore investors retreat&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,57],"tags":[251,1397,2254,4031,3581],"class_list":["post-18084","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-stock-markets","tag-asx-200","tag-financials","tag-materials","tag-reits","tag-utilities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASX 200 offshore investors retreat - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX 200 offshore investors retreat - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ASX has undergone a sell-off in the last two days, presumed to be offshore investors withdrawing from Australian investments. Bell Direct equities analyst Julia Lee (Thursday) said it appeared that overseas investors &#8211; or even just one large player &#8211; had pulled their money from the Australian market, as losses were concentrated among the &hellip; Continue reading &quot;ASX 200 offshore investors retreat&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/05\/asx-200-offshore-investors-retreat\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-05T06:16:32+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/2019-04-05-xpj.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"ASX 200 offshore investors retreat\",\"datePublished\":\"2019-04-05T06:16:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/\"},\"wordCount\":143,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-xpj.png\",\"keywords\":[\"ASX 200\",\"Financials\",\"Materials\",\"REITs\",\"Utilities\"],\"articleSection\":[\"Australia &amp; NZ\",\"Stock Markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/\",\"name\":\"ASX 200 offshore investors retreat - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-xpj.png\",\"datePublished\":\"2019-04-05T06:16:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-xpj.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-xpj.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/asx-200-offshore-investors-retreat\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASX 200 offshore investors retreat\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4HG","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":18113,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/12\/asx-200-divergence\/","url_meta":{"origin":18084,"position":0},"title":"ASX 200 divergence","author":"Colin Twiggs","date":"April 12, 2019","format":false,"excerpt":"REITs and Utilities found support, partially recovering from their sell-off last week. Financials continue to test support at 5800; breach would signal another test of primary support at 5300. The RBA sums up the outlook for banks in its April 2019 Financial Stability Review: \"Analysts expect minimal growth in bank\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35850,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/07\/23\/asx-reflexive-rebound\/","url_meta":{"origin":18084,"position":1},"title":"ASX reflexive rebound","author":"Colin Twiggs","date":"July 23, 2022","format":false,"excerpt":"The ASX 200 found support at 6400 but we are still in the early stages of a bear market. The subsequent rally is typical of a reflexive rebound so aptly described by Bob Farrell: Bear markets have three stages \u2014 sharp down, reflexive rebound and a drawn-out fundamental downtrend. Respect\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-22-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-22-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-22-xjo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-22-xjo.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":35644,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/07\/11\/asx-be-careful-about-buying-dips\/","url_meta":{"origin":18084,"position":2},"title":"ASX: Be careful about buying dips","author":"Colin Twiggs","date":"July 11, 2022","format":false,"excerpt":"The ASX 200 found support at 6400 but the subsequent reaction is a typical bear market rally. Declining Trend Index warns of selling pressure and respect of 6750 would indicate another decline, with a target of 5800. 10-Year AGB yields are climbing steeply. The RBA is unlikely to halt interest\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-11-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-11-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-11-xjo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-11-xjo.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":18146,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/05\/03\/asx-200-bull-trap\/","url_meta":{"origin":18084,"position":3},"title":"ASX 200 bull trap","author":"Colin Twiggs","date":"May 3, 2019","format":false,"excerpt":"The ASX 200 retreated below its new support level at 6350, warning of a bull trap. Declining Money Flow peaks indicate selling pressure. Expect retracement to test support at 6000. With the Aussie Dollar testing support at 70 US cents, international investors are noticeably skittish, as illustrated by price action\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36106,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/08\/03\/asx-200-bear-market-despite-tight-labor-conditions\/","url_meta":{"origin":18084,"position":4},"title":"ASX 200 bearish despite tight labor market","author":"Colin Twiggs","date":"August 3, 2022","format":false,"excerpt":"The RBA continues to hike interest rates, raising the cash rate to 1.85% (+0.5%) yesterday, suggesting little concern of recession at present. Unemployment, at a record low 3.5% in June, also shows no sign of a slowdown. GDP growth slowed to 0.8% in Q1, after 3.6% in Q4, but Trading\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-02-unemployment.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":51189,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/04\/17\/asx-200-sectors-retreat\/","url_meta":{"origin":18084,"position":5},"title":"ASX 200 sector retreat","author":"Colin Twiggs","date":"April 17, 2024","format":false,"excerpt":"The ASX 200 is testing support at 7600. The lower Trend Index peak (above zero) warns of secondary selling pressure. Breach of support, however, would signal a test of primary support at 7350. Sectors The largest sector, Financials, is undergoing a secondary correction -- headed for a test of support\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-17-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-17-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-17-xjo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-17-xjo.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=18084"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18084\/revisions"}],"predecessor-version":[{"id":18087,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18084\/revisions\/18087"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=18084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=18084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=18084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}