Pre-market Report – Monday

Reports Section

The main event this week is Australia’s monthly CPI data out Wednesday. The last reading of 6.8% in April surprised the market, up from 6.3% in March, which was the lowest reading in 10 months, significantly exceeding market expectations of 6.4%, which led to a 25bps rate hike by the RBA in June. May CPI…

HENRYS TAKE – MONDAY

Box 2

Macquarie has their usual Monday EV and Lithium market update this morning. Pretty much a full house of Outperform recommendations. The only stock in its rare earth and lithium universe that has a neutral is Hastings Technology (HAS). Everything else is an outperform. Interesting if they are all an outperform, is that against the ASX 200 or is that against the lithium sector? The stocks they cover ARE the lithium sector. The definition is that the expected return is greater than 10%.

Midday Report – Monday

Reports Section

ASX 200 is down 20 points to 7079 (-0.3%) as the market continues to fall although it has steadied slightly. Gold miners and oil and gas in focus following Russian issues. TODAY’S STORIES Metcash (MTS) – Announced a 4.7% increase in its fully franked dividend for FY23, declaring 22.5cps. The company's revenue has also grown by…

END OF DAY REPORT – MONDAY

Reports Section

The ASX 200 started the week down 21 points to 7079 (-0.3%), hitting 7,054, its lowest level in three months weighed down by losses in banking and mining stocks. Oil and gas stocks mixed despite strength in the oil price, KAR -0.5% and STX -1.1%, while BPT edged higher, up 0.4%. Iron ore giants BHP,…

Stupid Is Good

Editors Choice

Las Vegas houses some of the world's most magnificent hotels. The Wynn, the Encore, the Bellagio, the Venetian, the Palazzo, the Palms, the Trump Hotel, the Aria, the Mandarin Oriental, the Mirage, the MGM Grand and Caesars Palace, to name just a few. And Caesars Palace in particular. It's the most colossal hotel and casino…

2023 Predictions

Editors Choice

It’s all so short-term when you write daily. I sometimes go back to our newsletters from a year or more ago and, with the knowledge of hindsight, read in minute detail the reaction to overnight events and realise that we look too closely at the market. Much too closely, because, as always, there are only…

Renko Charts

SMSF

Renko charts are non-time based charts that are only concerned with price movement. Renko charts are "time independent" charts that do not have constantly spaced time axes. They are named after the Japanese word for bricks or "renga". Here is a Renko chart of the S&P 500 this morning which has just ticked a sell…