Dow Jones down 107 points on Friday in a narrow range. Wall Street was up 86 at best and down 123 at worst, closing near its lows. S&P 500 down 0.3%. The NASDAQ down 0.09% where it was up almost 1% for most of the morning trade before losing all gains in the afternoon. US 10 and 2 year bond…
Sell signals on Big Tech – has the only trade in town been Terminated? Today we find out if that 109 point bounce in the ASX 200 on Friday was a turning point or just one good day in a downtrend. Will the Resources buying follow through today? Will the Lihtium stock bounce carry on?
The buying in our market on Friday hasn’t followed through today. Sell signals on the US markets. We are in cash in all our active portfolios.
The ASX 200 kicked off the week on a positive note, up 8 points, recovering all of the morning losses and finishing at 7077 (+0.1%). Major sectors finished mixed today. Tech stocks were the star performers, buoyed by lower bond yields and an uptick in NASDAQ futures. WTC up 1.6%, XRO gained 2.0%, while SQ2 lost 1.8% down for its seventh consecutive session. All-Tech Index up 1.2%. A…
ASX up 8 points having been down 46 – another session of constant buying from the lows. Iron ore a weak spot.
All the Members Podcasts from Last week
After the 109-point bounce off the lows in our market on Friday, I expected to wake up to find Wall Street did something similar. Wasn’t to be. Looks like the buying in our market yesterday was simply some fund manager on Friday deciding to buy a few hundred million dollars worth of resources. For Friday's…
The “New Hawkishness” goes global. Slow leak turns into a puncture. A few other signs of that we’re going nowhere. The seasonal chart says come back in December. Selling BHP as well. If you’re ever going buy BBUS and SNAS now’s the time.
We have halved our losses this morning from down 105 to down 51. We are in cash again in the Strategy, Ideas, MQG and BHP portfolios. Waiting for the bottom. Could be tomorrow. Could be a year away.
The ASX 200 finished the week up 4 points to 7069 (+0.1%), clawing back earlier losses after falling over 100 points (~1.5%) at the opening bell and snapping a four-day losing streak. SPI Futures were down 97 points this morning. ASX 200 fell for a second consecutive week, down 2.89%. Sectors were mixed. Real Estate and Tech were hit hardest, while…
