For the benefit of new members this is a repost of recent trading tutorials. Offering an explanation of the terms and phrases used in the trading section. This section will be posted under "education" and updated with new insights over time. The two primary indicators used in our trading section are relative strength index (RSI) and moving averages (MA). The RSI is…
SUMMARY Sold both gold exposures yesterday. NST for a nice 8.6% profit. BGL in contrast a 7.1% loss. It gapped well below its stop loss on the open. SNAS set to drop 3-4% so taking a profit and selling on the open. Reactions to the upcoming US results could send the market either way. Difficult not to get…
ASX 200 fell 1 point to 7683 (-0.01%) after a CPI gut punch stole the momentum. Inflation is once again higher than expected, and insurance costs and education continue to pressure the upside. Banks again led the charge higher, with the Big Bank Basket up to $203.73 (+0.4%). WBC the standout up 0.9% despite news…
Focus on Australian CPI at 11:30am. Selling SNAS trade – downtrend loses traction. Good start to Tech results. Tesla up 11.3% after hours (is Tesla a Big Tech?). Meta, Microsoft and Alphabet results to come this week. US PCE Price Index number on Friday the main signpost. Citi says buy the dip. UBS says Big Tech profit growth to collapse. Some Stats on corrections. Education Corner – Ten Investors – which one are you?
Wall Street ended higher overnight, near best levels, building on the positive momentum from yesterday's session as gains in mega-cap tech stocks lifted the broader market. Dow up 264 points (+0.69%), S&P 500 +1.20%, and NASDAQ +1.59%. Treasurys eased a touch following a solid $69bn sale of 2Y notes, and economic data showed US business…
The CPI number today has come in higher than expected. We’ve closed our SNAS trade – best stand back for the moment and await Us results and the US PCE price index number
Resources to banks switch kicks off.
No hurry to buy gold miners. Quarterlies drop.
ASX200 where to from here?
Tesla promises yet again. Cheap model?
US equities rebounded overnight after the $2 trillion sell-off last week, which saw the S&P 500 book its third weekly loss and the NASDAQ 100 dropping ~5.5%. The Dow gained 254 points (+0.67%). Up 461 points at best, down one point at worst. The S&P 500 and the NASDAQ broke their six-day losing streak, advancing…
