For those who missed it, see Wednesday's Technical Scans refresher HERE. TECHNICAL SUMMARY Hang Seng Index rises 1.3% yesterday off its 52-week low. FANG EFT hits an all-time high. EMR continues to hit all-time highs, outperforming the rest of the gold sector. NEU overbought on a weekly basis. IGO oversold on a weekly basis. OBSERVATIONS Hang…
US equity markets closed near the flat line overnight, as the market digested the latest CPI report, with Headline CPI exceeding expectations, rising to 3.4%. The Dow closed up 15 points (+0.04%), whipsawing from lows of 271 points down. Both the S&P 500 and NASDAQ were little changed, the S&P 500 briefly surpassed its record…
ASX 200 limped into the weekend down 8 points to 7498 to finish the week relatively unchanged. Quiet with low volumes again. US PPI and Chinese CPI in focus. Banks 'sagged' with the Big Bank Basket down to $193.63(-0.1%). NAB down 0.2% and ANZ falling 0.6%. MQG slid 0.2%, with insurers a little better, SUN…
The ASX 200 bounced back strongly from the slide yesterday closing up 38 points to 7506 (+0.5%). All systems go,Asian markets helping too as Japan hit 35k. Quiet trade again though. Banks were once again leading the charge, the Big Bank Basket hit $193.87 (+1.2%) with CBA up 1.4% and WBC up 1.2%. MQG also…
PORTFOLIO SUMMARY No changes to Portfolios today despite the market having another skittish sell-off. BHP falls again. Watching the Iron Ore support level. Glad we have some Uranium exposure as PDN hits a 52-week high. Worley’s trading halt ends. A look into what’s been happening. No changes to Portfolios today despite the market having another…
SUMMARY
• Not much to get excited about just yet.
• Thoughts from a visitor.
• Lithium still has power to stir the soul.
• The Three Amigos have been the reason why we have pulled back but the end in sight?
US markets closed higher on Wednesday trade, with megacap stocks building some momentum, but gains were limited ahead of inflation data and bank earnings later in the week. The Dow Jones rose 171 points (+0.45%) coming off best levels in late afternoon trade following Fed William’s underwhelming comments suggesting “it is still too soon” to…
