ASX 200 rallies 17 points to 7587 (+0.2%) as banks take heart from NAB result and new $1.5bn buyback. NAB up 1.5% and the Big Bank Basket up to $203.54 (+1.0%). MQG rallying 1.2% ahead of its results tomorrow, with NWL also doing well up 2.0%. Insurers eased back. REITs slightly better with GMG up…
Back on Deck.
Nasty day in store. Is this another BTD?
Copper stocks in demand.
BHP – It’s complicated.
AZS – Winner. Selling at 369c.
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
Elliott Waving at us again – Was that “B”? Waiting for the Fed and Apple before selling. Looks like the top is in. But waiting for Friday. WOW sells $500m of EDV and offers capital return – desperate to impress. Sell in May and go Away – Fact or Fiction (Fact today). Subtle changes to our sections today.
ASX 200 falls another 94 points to 7588 (-1.2%) as US markets fall ahead of FOMC meeting results. Banks eased with results in focus, NAB flat with the Big Bank Basket down to $201.58 (-0.4%). Insurers slipped, with QBE off 1.2% and SUN down 2.3%, with other financials easing MQG down 0.9%. REITS slipped slightly, GMG…
We are looking at increasing our uranium exposure today after having such success in PDN. The bullish market showing no signs of slowing as spot prices return to $90. Boss Energy (BOE) and NexGen Energy (NXG) are two we will look to add in the Growth Portfolio with a 2.5% weighting each. NXG has results…
A busy night in the US – not quite a “Big Bad Day” – all eyes on the Fed tonight and the Apple resutls on Friday. NAB interims tomorrow. Macquarie on Friday.
