Pre-market Podcast
The S&P 500 rose for an eighth consecutive day extending its longest win streak in two years.
Up 0.1% to finish at 4,382.78. The Nasdaq Composite up 0.08% to end at 13,650.41. The Dow lost 40.33 points.
Henry’s Take – XRO in Spotlight – Maybe an Opportunity
SMALL CAP PORTFOLIO 2.45pm Updates XRO – Just watched the CEO on CNBC being interviewed. Didn’t give much away. Ironically the stock falls after making a profit. Below $100 now. Breaking down. Nothing done in the Portfolio. DYL slipping nicely towards 110c and hoping for more weakness. 100c is my price to get interested in…
End of Day Report Thursday
ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and…
Strategy By Henry – Does RBA Really Matter?
SUMMARY
No change. Stay long and sing a song for now. I have the conch.
Does the RBA really matter?
Santa Claus rally? Two for your stocking.
Technical Scans
TECHNICAL SUMMARY
Not many hits today illustrating the market has come off last week’s oversold levels.
S&P 500 breaks down-trend.
MQG hits another 52-week low.