TECHNICAL SUMMARY US market ETFs still overbought. Uranium stocks flying. Is it short or long term. Life in Magellan. CAR ex-dividend today and overbought. POS – Still missing deadlines. A lot of 52 week lows. Five big stocks that are oversold. They're Back – You asked for it – and as I do it, this…
Wall Street closed higher overnight, ending just off best levels after strong economic revived hopes the Fed will be able to engineer a soft landing even if rates are higher for longer. The Dow rose 332 points (+0.96%), trading higher all day, up 402 points at best. The S&P 500 topped 4,500, up 0.84%. The…
Headlines include: Dow finishes up 1% on soft landing hopes. ASX to leap, S&P 500 rallies broadly, China data pending – AFR. Wall Street rallies, dollar surges as data cements Fed pause bets. Wall Street ends higher on economic data; Arm soars in debut. Ebullient markets nervously eye China data dump.
SUMMARY Futures up 88. The Ideas Portfolio will be looking a lot better today. Big rally in iron ore stocks overnight is perfect for us. BHP and RIO up 4% in the US. JP Morgan upgraded RIO and Anglo American by 10% on the back of the iron ore price. Other brokers will be doing…
The market flying today led by Resources and particularly the iron ore stocks. We have timed this resources recovery nicely. We look at Five big stocks that are oversold.
The ASX 200 finished the week on a positive note, finishing sharply higher up 93 points to 7279 (+1.3%). For the week, the ASX 200 gained 122 points (+1.71%). All sectors finished in the green today. Mining and resource sectors were the top performers, with BHP, RIO and FMG all up over 3%, supported by stronger commodity prices…
CPI a Non-Event. What now with the Ideas Portfolio? Why Australian interest rates have peaked. Some Shocking Predictions from Livewire.
The market didn’t exactly get a shot in the arm from the CPI number but there’s no damage and it may take a couple of days for those big US fund managers to absorb and get going.
The ASX 200 surprised today, up 33 points to 7187 (+0.5%). The SPI Futures this morning were down 5 points after a CPI non-event in the US overnight. We rebounded from the early dip to end near best levels.Jobs data was the main story today, normally ignored by the market. Unemployment remained steady at 3.7%, but 64k jobs…
