SMALL CAP PORTFOLIO 2.30pm Updates Nothing done today. Another rumour swirling around the lithium space on AZS looking to buy a stake perhaps. Hence the rise in the nearest and dearest RDN (see below). Speculative Stock of the Day: Raiden Resources (RDN) +36.2% one we have written up as a speculative buy and have interviewed…
TECHNICAL SUMMARY
One of our favourites, FANG hits a 52-week high and is overbought on a daily basis.
MQG hits another 52-week low after going Ex-Dividend. Is that the bottom?
Oil stocks WDS, STO and KAR all oversold on a daily basis after recent falls.
ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%). Resources are back in fashion as FMG led the iron ore miners higher up 2.7%, with BHP and RIO also doing well. Lithium had a rare day in the green, PLS up 0.9% and MIN up 3.1%. Gold miners slightly higher.
ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%).
ASX 200 rose strongly holding above 7000 closing up 58 points at 7007 (+0.8%).
Our market up 40 midday as we wait for the US CPI number tonight which could fill or kill the recent rally
Wall Street finished mixed overnight in a quiet day of trade as markets wait for crucial inflation data tomorrow. The Dow Jones gained 55 points (+0.16%) in a narrow day of trade. Helped by a rally in Boeing on new aircraft orders. Up 123 at best. Down 77 at worst. The S&P 500 fluctuated near…
SUMMARY Back from the golf courses of Thailand. A look at what we missed. We seem to have timed the bottom in the Ideas and Strategy Portfolios – for now. What now? Don’t trust it much. Let's just keep making decisions day by day. Banks after results – glad we didn’t bother stripping dividends. All…
REA released its Q1 results on Friday which brokers liked but the market didn’t. The big news was the return of positive listings growth (only 1% but up from -18% in the previous Q) and a gain in market share over Domain. We like REA and while the housing market and NASDAQ goes up so should it. BUY
