Members Podcast Wednesday – Making a few moves – lithium bouncing for a day – India of interest
We look at the new RBA Rhythmn today – like it – and buy a new trade in the Ideas Portfolio
End of Day Report – Santos sinks as WDS merger ends without a deal.
ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%. FUM numbers helped. REITS recovered GMG…
Trading Section
SUMMARY Selling FANG to take a profit, chart going parabolic. India ETF NDIA hits a 52-week high. BHP has a nasty fall, FMG sell signals. TLS prints a daily sell signal but not enough reason to sell. WDS performing well, moving averages in steady uptrend. OBSERVATIONS Selling FANG to take a profit, chart going parabolic.…
Pre-Market Report
US equities kicked off the week lower as Powell dismissed speculations of imminent rate cuts, and the market digested a mixed array of US earnings reports. The Dow traded lower all day, falling 274 points (-0.71%). Down 434 points at worst. S&P 500 lost 0.32%, and the NASDAQ fell by 0.20%. The US services sector…
Henry’s Take – Powell Talks – Market listens
Powell talks – Market finally listens.
US economy going gangbusters.
RBA meeting today – No change.
ZIP – why I still like it.
Members Podcast Tuesday – Selliong a couple of things
We are selling a couple of things today as the volatility “picks up at the top”.
Marcus Take Tuesday – Lets take some profits
Taking some profits today – the market is topping out as the prospect of rate cuts fades.
Pre-market Podcast
The Dow Jones Industrial Average dropped 0.7%. Bond yields up on string data.
The S&P 500 slipped 0.32%.
Nasdaq down 0.2% to end at 15,597.68.
End of Day Report – RBA Holds Rates at 4.35%
The ASX 200 falls another 44 points to 7582 (-0.6%). Off the lows and relatively unchanged post the RBA decision to keep rates unchanged and a surprising bias to the upside on rates. Growth forecasts were downgraded slightly. Once again banks were steady despite flashing overbought levels, CBA down 1.0%. The Big Bank Basket $198.15…