George Beyrouthi’s editorial/education/advertising: 2/12/2014 Parabolic Stop and Reverse (PSAR): Yesterday I wrote: One of the indicators that we use in our FS Securities model (technical analysis) is an indicator that we believe is more of a leading indicator than lagging. ………… We try to rank our indicators based on their previous performance. The PSAR, in addition to the Stochastic and Volume have early signals. Interpretation of the Parabolic SAR: Wilders incorporated an acceleration factor into the parabolic system, the SAR moves in the direction of new trends (Davidson, 2008). At first the SAR moves relatively slow, as the acceleration factor increases based on the formula above the SAR begins to move faster, until it catches up to the price action. As soon as the trend reverses the SAR stops and generates a reverse signal for example in an bullish trend the SAR will appear below the prices which is a buy signal (Edwards & Magee, 1997: Murphy, 1999), as it gains momentum it will move closer to the price action and eventually it will catch up and if the trend reverses the SAR will stop and if a new bearish trend begins the new SAR will appear above the price action which is a sell signal. The SAR works well in trending markets; however the system can produce whipsaws during neutral periods. Strengths and Weaknesses: The Parabolic SAR is an excellent indicator for identifying trends and reversals in trends, an advantage that the SAR system gives is that it can be calculated in advance of trades and market opening, key strength of the indicator is that it reduces lag. In the case of the SAR, the shorter the time frame of the candles the more accurate the signals are, for example: if the SAR is plotted over a weekly chart, the trader will have to wait a week before the next SAR appears, thus, the longer the timeframe then larger the lag in the indicator vice versa. Whilst the Parabolic SAR is a solid indicator during trending periods it has a tendency to create whipsaws during neutral periods.

More tomorrow.

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DATA summary

DOW 17,776.80 (51.55) -0.29% If you wish to receive our reports on a daily basis, please visit our website at www.fssecurities.com.au and subscribe. It is important to recognise that not every ––recommendation will suit everyone. You need to determine what your risk appetite is before you trade. Do you need a hand? Please call us. We have a lot of material in our daily report. You will find:

- Overnight summary

- Review on Gold, Silver and Crude markets

- Our recommendations cover:

o US market

o Commodities

o FX

o ASX Equities

- We do a full analysis on one stock (our pick)

- Stats showing the % change over two weeks

- Upcoming Dividends

- A lot more

Our predictions? What I predicted (at end January 2014):

- XJO (ASX 200) has about 200 points further to go (up) in January the

XJO was 5190

Next 3 months (at end May 2014) - XJO (ASX 200) Resistance around 5600 (+100), Support around 5100

(-300)

- Gold to trade between 1250 and 1350 US/Oz (no change from

prediction in Jan 2014)

- The Australian dollar to remain weak and hover around the 88 to 93

US cents (no change)

Next 3 months (at end July 2014) - XJO (ASX 200) Resistance around 5750 (+100), Support around 5350

(-300)

- Gold to trade between 1250 and 1350 US/Oz

- The Australian dollar to remain 88 to 95 US cents

Next 3 months (at end Oct 2014)

- XJO (ASX 200) Resistance around 5750 (+100),

Support around 5350 (-300)

- Gold to trade between 1150 and 1250 US/Oz

- The Australian dollar to remain 85 to 88 US cents -

S&P500 2,054.42 (13.15) -0.64%

NASDAQ 4,729.06 (61.95) -1.31%

E-STOXX 50 3,232.91 (17.78) -0.55%

FTSE 100 6,656.37 (65.90) -0.99%

DAX 9,963.51 (16.94) -0.17%

NIKKEI 225 17,590.10 131.93 0.75%

HANG SENG 23,367.45 (602.88) -2.58%

SHANGHAI 2,819.81 11.00 0.39%

GOLD (US$/oz) 1,212.81 45.43 3.89%

SILVER (US$/oz) 16.50 0.94 6.04%

COPPER (USc/lb.) 290.25 5.65 1.99%

CRUDE (US$/brl) 69.28 3.13 4.73%

WHEAT (US/bu.) 606.75 28.25 4.88%

SOYBEAN (US/bu.) 1,017.00 7.75 0.61%

COCOA (US/mt) 389.75 53.00 1.86%

CORN (USd/bu.) 2,896.00 1.00 0.26%

COTTON (USd/lb.) 59.18 (0.90) -1.50%

COFFEE 'C'(USd/lb.) 190.40 2.95 1.57%

FCOJ-A (USd/lb.) 146.55 (2.30) -1.55%

LIVE CATTLE(d/lb) 170.80 1.58 0.93%

AUD-USD 0.8504 (0.0002) 0.67%

EUR-USD 1.2473 (0.2800) -1.10%

USD-JPY 118.3500 (0.2800) -1.10%

GBP-USD 1.5739 0.0094 -0.59%

AUD-EUR 0.6818 0.012 1.79%

Offshore Markets & Businesses Overnight and from around the globe we start with the US where Wall Street finished lower. The Dow Jones Industrial average finished at 17,776 down 0.3% or 52 points from this time yesterday. The S&P 500 index finished down 13 points or 0.6 % at 2054. But the Nasdaq the technology index was down by 1.3 % due to a big frop in Apple computer shares. In Europe, the stockx 50 Index that comprises several European major markets was down 0.6 % to 3232. In London, the FT100 index was down 1 % at 6,656. In Japan, the Nikkei index was up 0.75 % at 17,590. In China, the Shanghai index continues to rise and was up 0.4 % at 2819 despite lower manufacturing data. As a matter of interest the Shanghai index is at the highest level for over two years on the back of regulators said they would move to support local consumption. On the commodities, Gold a short time ago was trading at $1,212 US/Oz up $45 from this time yesterday and more than $ 60 higher from one time yesterday afternoon. Silver, at $16.50 up $1 up 8%. Oil at 69.3 US/barrel up $3 or 5% recovering most of the losses it incurred the day before. Copper, the world’s economic barometer was up nearly 2% @ 290 c/lb recovering half of previous day loss. Iron ore, important for our miners such as BHP, RIO, Atlas Iron and Fortescue, was steady at $71.1 US/Tonne after the 2% first decent rise in many weeks. Iron ore now rose by 5% in two days from a low base. On the currencies, Our dollar is now 85.11 US cents, 100.74 Japanese yen, 68.23 Euro cents and 54.09 British pence Our market yesterday, slumped by 105 points or 2% to 5207. This is a drop of 3.5% over the last two days. We have shown a chart later in this report courtesy of the the SMH that shows that this is the second worse two day drop in our market for years. The worst was in August 2011 when the 2 day drop was 3.7% . Best performers amongst the leaders yesterday: despite the carnage WFD managed to rise nearly 1%. The worst performer: STO down 9%, or nearly 20% in two days. Amongst the best sectors only property was up by 0.1% On the economic news that can affect our market and those o/s Australia ANZ-Roy Morgan weekly consumer confidence survey, Reserve Bank monthly board meeting and interest rate decision, building approvals, balance of payments;; US Federal Reserve chair Janet Yellen speech.. Local shares are poised to extend their losses on the continuing bleak outlook for oil and other commodities ahead of a slew of central bank meetings this week. The SPI futures contract was steady. Yahoo, Bloomberg, SMH, ninemsn and AFR

Global announcements Updated on Tuesday, December 02, 2014

FS Securities Picks

On 21/11/2014: Fortescue Metals Group Ltd (FMG) $2.65 On 18/11/2014 (updated): Tassal Group (TGR) $3.86 On 13/11/2014 (updated): CSR Limited (CSR) 3.53 On 11/11/2014 (updated): James Hardie Industries (JHX) $12.90 On 05/11/2014 (updated): Macquarie Group Limited (MQG) $61.72 On 23/10/2014 (updated): Oil Search Limited (OSH) $9.62 On 16/10/2014 (updated): TPG Telecom Limited (TPM) $6.94 On 02/10/2014 (updated): Kathmandu Holdings Limited (KMD) $2.74

On 18/09/2014 (updated): AWE Limited (AWE) $1.90 On 08/09/2014 (new): Retail Food Group Limited (RFG) $4.95 On 04/09/2014 (new): Australian Pharmaceutical Industries Limited (API) $0.70 On 03/09/2014 (updated): Flight Centre Travel Group Limited (FLT) $47.74 On 26/08/2014 (updated):Western Areas Limited (WSA) $4.72 On 13/08/2014 (new): Domino's Pizza Enterprises Limited (DMP) $23.78 On 31/07/2014 (new): APA Group (APA) $7.48

FS Securities Trades On 27/11/2014: Rio Tinto limited (RIO) $58.00 – Iron Condor strategy (December) On 26/11/2014: National Australia Bank (NAB) $32.30 – Bear Put Spread (December) On 24/11/2014: Fortescue Metals Group Ltd (FMG) $2.96 - Bull Call Spread (January) On 19/11/2014: Wesfarmers Limited (WES) $43.10 – Naked Call Option (November) expired worthless 27/11/2014 On 12/11/2014: ANZ Bank (ANZ) $32.27 –Bull Call Option (December) On 03/11/2014: Rio Tinto limited (RIO) $59.67 – Iron Condor strategy (November) - expired worthless 27/11/2014 On 30/10/2014: BHP Billiton (BHP) $33.60 – Bull Put Spread (November) - expired worthless 27/11/2014 On 06/10/2014: National Australia Bank (NAB) $32.80 – Bear Put Spread (November) – expired worthless 27/11/2014

Note: the shown picks are not necessarily trades that FS Securities are currently trading. They are offered as suggestions only. The above trades are trades that we may have undertaken for some of our clients. Please check with your broker first before trading.

The full report has now shifted to Our Trades and Our Picks Report for subscribers!!!

Check it out by subscribing to our Trades and

Picks

Indices and Commodities

GOLD: Gold and silver futures climbed the most since

September 2013 as a rally for oil prices revived demand for the metals as stores of value.

Crude futures in New York rose as much as 4.8 percent, rebounding from a five-year low. Gold earlier fell to a three-week low after Swiss voters rejected a measure that would’ve required their central bank to hold a portion of its assets in bullion. Prices erased this year’s losses as Moody’s Investors Service cut Japan’s credit rating and U.S. holiday spending slowed, fueling concern that global growth will falter.

(Source: Bloomberg and CNBC)

SILVER: Silver futures for March delivery jumped 7.3 percent

to $16.692 an ounce on the Comex, the largest advance since September 2013. Prices rose as much as 8.1 percent. (Source: Bloomberg.com)

CRUDE OIL: West Texas Intermediate rebounded from the lowest level in more than five years as the market selloff prompted by OPEC’s failure last week to curb production took a pause.

Futures in New York rose the most in more than two years and Brent jumped 3.4 percent in London. Both grades had their biggest monthly loss in November in almost six years after the Organization of Petroleum Exporting Countries signaled it will leave it to the market to curb a glut. Current prices are no guarantee of a significant drop in U.S. shale output, Iran’s Oil Minister Bijan Namdar Zanganeh said in a Nov. 28 interview.

Source: bloomberg.com and Yahoo.com)

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Advances, Declines and Volume

Stocks to watch (source SMH)

Energy companies.

In Europe, mining shares dropped, falling along

with copper prices which tumbled to a 4 1/2-year

low. BHP Billiton fell 2.2 per cent and Rio Tinto

dropped 1.2 per cent.

Nick Caley, analyst at Baillieu Holst, upgraded Aristocrat Leisure to a “buy” with a revised price target of $7.50 a share from $6.90 previously after it reported results. Credit Suisse upgraded Dexus Property Group to “neutral” from “underperform” with a $7.21 target price.

FS Securities recommendations for US market

Commodities and FX

ASX sectors and equities

FS Securities details stock picks

Ask for a copy if you would like to see the list.

ASX weekly market advances and declines

Average Advances over 50 days from 50.2 % recently to 46.6 % (46.0 / 46.3 / 46.5 / 46.6 / 47.1 % last 10

weeks)

Gainers and Most Active by volume

NOTES: ASX stocks show the daily changes. if shown in red, they indicate a fall

Best and worst performing stocks (source:smh.com) Last

Day before

Sectors Performance

By looking at the above table readers will notice where the direction of the market has been on the day.

Last from low: Blue = closed in the top half of the day’s range.

Net Change is the daily movement in points.

% Change represents the daily movement in %.aud

WEEK ON WEEK CHANGE (and over two weeks as well)

OVERSEAS INDICES, FX AND COMMODITIES

WEEK ON WEEK CHANGE (and over two weeks as well) AUSSIE MARKET

Mini charts - Commodities and US markets

THE GRAPHS SHOW HOW FROM AN INDEX OF 100 SOME 52 WEEKS AGO THE VARIOUS INDICES OR COMMODITIES HAVE MOVED.

Sectors

THE ABOVE GRAPHS SHOW HOW FROM AN INDEX OF 100 SOME 52 WEEKS AGO THE VARIOUS ASX SECTORS HAVE MOVED.

Major stocks

Upcoming Dividends by date

1 Ex Div Date Symbol Name

Franked %

Current Div

Amount

Div Rate Per

Share Div Yield

% Last Type

2 1/12/2014 ORI ORICA LIMITED 36 0.56 0.96 5.275 18.2 Final 3 1/12/2014 TNE TECHNOLOGY ONE LIMITED 100 0.062 0.062 2.06 2.99 Final

4 2/12/2014 ALQ ALS LIMITED 10 0.11 0.31 6.151 5.04 Interim

5 3/12/2014 FPH FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED 0 0.053 0.118 2.308 5.1 Interim 6 3/12/2014 BTT BT INVESTMENT MANAGEMENT LIMITED 35 0.19 0.35 5.17 6.77 Final 7 3/12/2014 OFX OZFOREX GROUP LIMITED 100 0.035 0.059 2.207 2.66 Interim 8 4/12/2014 AQF AUSTRALIAN GOVERNANCE MASTERS INDEX FUND

LIMITED 100 0.025 0.09 4.663 1.93 Interim

9 4/12/2014 CKF COLLINS FOODS LIMITED 100 0.05 0.11 4.867 2.26 Interim 10 9/12/2014 GTK GENTRACK GROUP LIMITED 0 TBA 0 0 2.14 Final 11 10/12/2014 HVN HARVEY NORMAN HOLDINGS LIMITED 100 0.14 0.14 3.794 3.69 Interim 12 15/12/2014 RHL RURALCO HOLDINGS LIMITED 100 0.08 0.16 4.313 3.71 Final 13 15/12/2014 IBC IRONBARK CAPITAL LIMITED 100 0.02 0.03 5.357 0.56 Interim 14 19/12/2014 SGT SINGAPORE TELECOMMUNICATIONS LIMITED. 0 0.061 0.147 4.165 3.52 Interim 15 19/12/2014 JHX JAMES HARDIE INDUSTRIES PLC 0 0.092 0.433 3.578 12.1 Interim 16 6/01/2015 TGA THORN GROUP LIMITED 100 0.05 0.115 3.898 2.95 Interim 17 6/01/2015 PRG PROGRAMMED MAINTENANCE SERVICES LIMITED 100 0.065 0.175 6.341 2.76 Interim 18 21/01/2015 CUP COUNTPLUS LIMITED 100 0.02 0.1 8.511 1.175 Interim 19 28/01/2015 CFE CAPE LAMBERT RESOURCES LIMITED 100 0.02 0 0 0.091 Interim 20 21 22 23 24 25 26 27 28

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.[1]

When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends.

[2][3] Many corporations retain a portion of their earnings and pay the remainder as a dividend.

Upcoming Dividends by %

1 Ex Div Date Symbol Name

Franked %

Current Div

Amount

Div Rate Per

Share

Div Yield % Last Type

2 6/01/2015 PRG PROGRAMMED MAINTENANCE SERVICES LIMITED 100 0.065 0.175 6.554 2.67 Interim 3 15/12/2014 IBC IRONBARK CAPITAL LIMITED 100 0.02 0.03 5.405 0.555 Interim 4 1/12/2014 ORI ORICA LIMITED 36 0.56 0.96 5.217 18.4 Final 5 3/12/2014 BTT BT INVESTMENT MANAGEMENT LIMITED 35 0.19 0.35 5.216 6.71 Final 6 15/12/2014 RHL RURALCO HOLDINGS LIMITED 100 0.08 0.16 4.507 3.55 Final 7 26/11/2014 IFZ INFRATIL LIMITED 0 0.177 0.105 4.455 2.35 Interim 8 6/01/2015 TGA THORN GROUP LIMITED 100 0.05 0.115 4.007 2.87 Interim 9 25/11/2014 DLX DULUXGROUP LIMITED 100 0.105 0.205 3.596 5.7 Final

10 19/12/2014 JHX JAMES HARDIE INDUSTRIES PLC 0 0.092 0.433 3.548 12.2 Interim 11 12/12/2014 MLX METALS X LIMITED 100 0.007 0.007 3.526 0.19 Final 12 28/11/2014 GNC GRAINCORP LIMITED 100 0.05 0.2 2.463 8.12 Final 13 27/11/2014 VIG VICTOR GROUP HOLDINGS LIMITED 0 0.005 0 0 0.24 Final 14 28/01/2015 CFE CAPE LAMBERT RESOURCES LIMITED 100 0.02 0 0 0.1 Interim 15 16 17 18 19 20 21 22 23 24 25 26 27 28

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.[1]

When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends.

[2][3] Many corporations retain a portion of their earnings and pay the remainder as a dividend.

Upcoming Dividends by alphabetical order

1 Ex Div Date Symbol Name

Franked %

Current Div

Amount

Div Rate Per

Share

Div Yield % Last Type

2 3/12/2014 BTT BT INVESTMENT MANAGEMENT LIMITED 35 0.19 0.35 5.216 6.71 Final 3 28/01/2015 CFE CAPE LAMBERT RESOURCES LIMITED 100 0.02 0 0 0.1 Interim 4 25/11/2014 DLX DULUXGROUP LIMITED 100 0.105 0.205 3.596 5.7 Final 5 28/11/2014 GNC GRAINCORP LIMITED 100 0.05 0.2 2.463 8.12 Final 6 26/11/2014 IFZ INFRATIL LIMITED 0 0.177 0.105 4.455 2.35 Interim 7 15/12/2014 IBC IRONBARK CAPITAL LIMITED 100 0.02 0.03 5.405 0.555 Interim 8 19/12/2014 JHX JAMES HARDIE INDUSTRIES PLC 0 0.092 0.433 3.548 12.2 Interim 9 12/12/2014 MLX METALS X LIMITED 100 0.007 0.007 3.526 0.19 Final

10 1/12/2014 ORI ORICA LIMITED 36 0.56 0.96 5.217 18.4 Final 11 6/01/2015 PRG PROGRAMMED MAINTENANCE SERVICES LIMITED 100 0.065 0.175 6.554 2.67 Interim 12 15/12/2014 RHL RURALCO HOLDINGS LIMITED 100 0.08 0.16 4.507 3.55 Final 13 6/01/2015 TGA THORN GROUP LIMITED 100 0.05 0.115 4.007 2.87 Interim 14 27/11/2014 VIG VICTOR GROUP HOLDINGS LIMITED 0 0.005 0 0 0.24 Final 15 16 17 18 19 20 21 22 23 24 25 26 27 28

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.[1] When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends.[2][3] Many corporations retain a portion of their earnings and pay the remainder as a dividend. A dividend is allocated as a fixed amount per share. Therefore, a shareholder receives a dividend in proportion to their shareholding. For the joint stock company, paying dividends is not an expense; rather, it is the division of after tax profits among shareholders. Retained earnings (profits that have not been distributed as dividends) are shown in the shareholder equity section in the company's balance sheet - the same as its issued share capital. Public companies usually pay dividends on a fixed schedule, but may declare a dividend at any time, sometimes called a special dividend to distinguish it from the fixed schedule dividends. Dividends are usually paid in the form of cash and shares in the company (either newly created shares or existing shares bought in the market.) Further, many public companies offer dividend reinvestment plans, which automatically use the cash dividend to purchase additional shares for the shareholder. Source: From Wikipedia, the free encyclopaedia.

Real Estate, are you in or out?

Did you know that FS Securities can help you with any Real Estate needs? Why deal with us? Because we can help you provide a bridging loan at a reasonable rate and provide you which choices in properties across Australia for investment.

We learnt that in Sydney the property median price has escalated by 12% above the all-time high level. In Melbourne it has moved up by 8 to 9% above the all-time high. In Queensland the median price is still 7 or 8% below the all-time high. RP Data Rismark figures recently showed Sydney home prices rose 2.5 % last month and 5.2 % in the last quarter. Melbourne also rose 2.4 % in a month and 5 % in the quarter.

Please go to our website: for the full report and trading positions. For further information call us to discuss. (07) 5630 4141 OR 0411 259 526

Please see our disclaimer on back page.

GENERAL ADVICE DISCLAIMER this document has been prepared for the general information of investors and does not take into account the investment objectives, financial situation and particular needs of any particular person. Persons intending to act on information in this document should seek professional advice to confirm that the investments or strategies mentioned are appropriate in the light of their particular investment needs, objectives and financial circumstances prior to taking any action. Email transmission cannot be guaranteed to be secure or error free and there is a risk messages may be corrupted, intercepted or lost in transmission. Therefore we do not accept liability for any viruses, errors or omissions in the contents of this message or attachments which arise as a result of email transmission. Statements contained in this email are general only and do not take into account the particular needs, objectives, financial circumstances or investment preferences of any person. George Beyrouthi is an Authorised Representative (AR# 315 563) of FS Securities (QLD) Pty Ltd AFSL# 410 183.