TECHNICAL SCANS – (Daily Signals) We scan the All Ordinaries (500 stocks) every day looking for buy and sell signals. The results are below. The lists are in alphabetical order with the larger or more interesting stocks highlighted in yellow. The size of the lists gives you a feel for the market trend (lots of…
MARKET AT MIDDAY The ASX 200 is down 25 points to 7300 (-0.3%) driven by losses in the technology sector, mirroring movements in the US overnight. Wisetech (WTC) -2.7% and Seek (SEK) -2.9%.Coronado Global Resources (CRN) up 2.5% after maintaining its FY23 guidance and reporting production growth in the June quarter. Atlas Arteria (ALX) experienced a 1.1% drop despite reporting revenue growth in the June quarter due to…
ASX finishes the week down 11 points at 7314 (-0.15%) for 11-point rise for the week. Narrow range again.
US equities closed higher overnight, and the US dollar strengthened after a surprise cooling of UK inflation bolstered sentiment across global markets. The Dow rose 109 points (+0.31%), marking its eighth straight day of gains, its longest streak since September 2019. Dow at best up 282 points. S&P 500 up 0.24%, reaching levels not seen…
TECHNICAL SCANS – (Daily Scans) We scan the All Ordinaries (500 stocks) every day looking for buy and sell signals. The results are below. The lists are in alphabetical order with the larger or more interesting stocks highlighted in yellow. The size of the lists gives you a feel for the market trend (lots of…
SUMMARY Market looks a little tired and waiting for a fresh catalyst to push either way. Results? China? Bueller? RIO and BHP production reports. Not much to get excited about. Mission accomplished. Maybe a bit premature! Two FAANGS are out and not so flash. Is it time to bank the money? Macquarie Group (MQG) –…
Members Podcast Thursday
MARKET AT MIDDAY The ASX 200 is up 15 points to 7339 (+0.2%), losing early gains after unemployment data came in flat at 3.5%, raising the likelihood of another rate rise. The Aussie dollar gained on the news while bond yields climbed higher. BHP Group (BHP) +0.3%, Rio Tinto (RIO) +0.5%, and Fortescue Metals (FMG) +1.2% also advanced, boosted by BHP Group's record annual iron ore production. Mineral Resources (MIN) up 5.4% after agreeing to sell…
The ASX 200 closed flat, up 1 point to 7325, after jumping over 50 points in early trade before unemployment data dampened the market’s mood.
