SUMMARY FANG trade off to a good start. Heading parabolic. Beneficiaries of China stimulus rise. Not convinced enough to buy back BHP yet. MQG holds above resistance level. The ASX 200 heads back up to resistance for the sixth time. KGN prints a daily buy signal after firing higher yesterday. TECHNICAL OBSERVATIONS FANG trade off…
Lithium are we there yet? Conspiracy theories abound.
Is Uranium set for a similar boom and bust cycle?
Quick Takes – Maverick IPO
ASX 200 closes up 36 points in another strong day at 7556 (+0.5%) on Chinese stimulus hopes. The index is up 2.8% since last Friday. Resources were passed the baton today, with quarterlies dominating too, FMG leading the iron ore stocks higher up 2.0%, production numbers beating expectation, Iron ore picking back up in Asia,…
Lessons from Dominos, is the CBA Expensive, more on Lithium and plenty more.
Dow falls but Nasdaq rises on Netflix run.
Chip stocks in demand.
Tesla numbers disappoint. Dow 3% after hours.
China stimulus helps metals.
SUMMARY And so it goes on – Wall St still behaving. Dominos Fall. Lessons from DMP. Is the CBA expensive? More on Lithium. Bought FANG yesterday. Bought Macquarie again yesterday. BHP turning but still not buying. Answering a few Member’s questions today. STRATEGY PORTFOLIO Reasonable night as the big tech rumble continues. Strategy portfolio well…
Wall Street finished mixed overnight. The S&P 500 marked its fourth consecutive record-high close, driven by strong quarterly results from Netflix +10.7% and positive reports from chipmaker ASML +8.85%. NASDAQ Composite rose 0.36%, now ~4% below its 2021 all-time high, while the NASDAQ 100 advanced 0.3%, hitting record highs. The Dow Jones fell 99 points…
Wall Street closed mostly higher overnight on continued tech enthusiasm and the upcoming “magnificent seven” mega-cap results. S&P 500 up 0.29%, NASDAQ up 0.43%. The Dow Jones fell 96 points (0.25%) after 3M dropped 11% on results (the Dow Jones only has 30 stocks in the index and 3M happens to be one). The biggest…
The ASX 200 has finished near flat, remaining close to unchanged since midday. Individual stocks had a different story with plenty of volatility around during confessions and results season. NAN was the worst performer in the All Ords, falling 33.4% as revenue dropped and costs rose. KGN was one of the standout performers, rising 14.9%…
ASX closes flat after tax changes.
NAN collapses on trading update.
Gold and Lithium rally in quarterlies.
Trump takes New Hampshire
