86 stocks overbought in the All Ords yesterday, 96 today.
The ASX200 is 1.9% from the top of its multi-year trading range.
GQG hits a 52-week high.
BHP is 1.2% from its all-time high.
AWC with a daily sell signal.
A lesson on keeping your head when all about you is overbought. What are the Market Drivers – The New Year deadline is one. The best income stock in the World – why the brokers always get the CBA wrong. ANZ AGM tomorrow. Inflation numbers in the US on Friday.
Closing in on all-time highs – markets overbought – when do you sell?
MARKET WRAP ASX 200 up another 49 points to 7538 (+0.7%). Another day, another push towards 7600. Slipped a little at the close. Across the board gains with banks in demand again, ANZ up 0.7% and WBC up 1.0%. The Big Bank Basket trading at $190.21 (+0.5%). MQG kicked 0.9% higher, with GQG doing very…
MARKET WRAP The ASX 200 finished the day up 63 points to 7489 (+0.8%) in another strong across the board rally. RBA minutes helped, BoJ staying pat helped, and takeovers helped. Solid gains across the board. The Banks continue to march higher, CBA up 0.6% and WBC up 0.8%. The Big Bank Basket up to $189.23 (+0.5%). MQG…
No changes to the portfolios today which are all performing well – Punching the Air – which means one thing….
Punching the Air – That means something has to go wrong – but it hasn’t yet
