The S&P 500 edged up 0.06%, hovering near the historic 5,000-point mark, driven by earnings releases, a largely steady jobs report, and commentary from policymakers regarding potential interest rate adjustments. NASDAQ rose 0.24%, and the Dow Jones climbed 49 points. Up 78 points at best. Down 133 points at worst. The Russell 2000 and the…
SUMMARY S&P 500 overbought on both a daily and weekly basis. Real Estate Sector hits a 52-week high. No change to MQG. Iron ore rises to a one week high. Chinese support limited. Staying in cash for BHP. IZZ down 1.3% yesterday but chart still looks fine. HOLD. Oil has a big rise over 3%. US…
2.30pm Update Nothing done in LTM as it headed higher. Lithium stocks trying to find a low. LTR – On a roll as the Gina Reinhart 'no move' period comes to an end. What happens now? Good question. DRO continues to power higher. Was a recommendation some time ago after we did a podcast with…
SUMMARY SPI futures flat. Wall St near flat. A look at REA and COH results. Buying NDIA in the Strategy Portfolio. Happy to remain fully invested in the Strategy Portfolio. Some big names to report next week. ArcelorMittal upbeat on Iron Ore ex. China. BULLETS SPI futures flat. Wall St near flat (Dow up 50 points…
ASX 200 managed to eke out a 6-point rise to 7645 (0.1%) in relatively stable trade.
BLD a winner. Uranium a loser.
ASX 200 managed to eke out a 6-point rise to 7645 (+0.1%) in relatively stable trade. Results kicked off this week and plenty of stock volatility to keep us amused. Mixed session with banks flat, Big Bank Basket back above $200 (+0.1%). MQG down 0.2% and GQG seeing some end-of-week profit-taking. REITs are back in demand…
S&P 500 closed flat after briefly topping the 5,000 mark
Dow Jones rose 0.13%, to end at 38,726.33.
Nasdaq gained 0.24% to close at 15,793.71.
The ASX200 has finished the day up 23 points in a narrow day of trade. Utilities was the best-performing sector thanks to AGL’s big 10% rise. The company reported a quadrupling in first-half earnings and expects full-year revenue to come in at the top end of guidance. Tech also had a strong performance following the NASDAQ higher, WTC and XRO up 3.1% and 1%. Big banks…
SUMMARY Iron ore rose overnight (more China stimulus promises) but fell in January. Staying in cash in the BHP OSP. MQG long and looking good. WDS merger cancellation pricks up the share price. IZZ off to a reasonable start. LTR prints a daily buy signal, thought about adding PLS for a trade. Too risky with…
All three major indices in the US finished in the green overnight, with the S&P 500 achieving a new record closing high. The Dow Jones gained 156 points (+0.4%), the S&P 500 rose 0.82% to close at 4,995.0, just shy of the 5,000 mark, while the NASDAQ Composite advanced 0.95%, approximately 2% below its Nov-2021…
