Henry’s Take – All About Control
Reporting season theme is CONTROL.
Added DXB yesterday – How options work.
Trading Section
SUMMARY Two new trades today: LLC and BOE. Adding using opening prices. MQG runs into resistance. Cash. No change to BHP. JBH prints a weekly sell signal after its excellent run. Up 44% in the last year. China focussed A2M and TWE overbought after a recent (potential) renaissance. ALL hits a 52-week high. OBSERVATIONS Two…
Marcus Take Thursday – Two new trades today
Two new trades today. See the Trading Section. Uranium stocks bottoming. NextDC – big win on results yesterday up 13%. Last day of the results season. Phew. RHC, ALX, KAR, PTM today. US PCE price index numbers tonight. Lots of ex-dividends on the calendar – PME, MPL today. ASX, SHL, MIN tomorrow. Bitcoin – hate to tell you – it’s going up. Lithium stocks tickling higher again. BHP and RIO lower in the US – Chinese PMI numbers tomorrow.
Pre-market Podcast
The S&P 500 pulled back 0.17%.
The Nasdaq Composite fell 0.55%.
The Dow Jones fell 0.06%, to end at 38,949.02
Bitcoin surges past US$64,000 Briefly.
Members Podcast Thursday – Last of the results coming out today
The results season finishes today – we have two new trades in the Idea Portfolio today
End of Day Report
ASX 200 shrugs off early weakness to close up 38 points at 7699 (+0.5%). So close. Good gains in industrials, led by WES up 1.1%, ALL up 1.5% and supermarkets COL and WOW better. Banks were flat, the Big Bank Basket flat at $205.05 (+0.4%). MQG kicked 0.6% and QBE up 0.5%. REITs firm with…
Trading Section
SUMMARY Iron ore up. BHP remains in downtrend. Not buying. MQG up another 0.8% yesterday vs the market up 0.1%. Staying in cash. EVN continues its downtrend after going ex-dividend yesterday. ALU remains heavily overbought after its takeover bid. JLG gets hit hard on results, down 13%. ADH backs up its 15% results rise with…
End of Day Report – Inflation Holds Steady In January
ASX 200 closes flat at 7660 despite better-than-expected CPI numbers. Only monthly though. We flipped between small gains and small losses. Big short squeeze happening in the likes of CHN, PLS, NXT and BRN. Looks like someone wanted their stock back. Banks eased back, with CBA slipping 1.0% lower. MQG down 1.0%, and insurers better.…
END Of DAY Podcast
ASX 200 closes flat at 7660 despite better-than-expected CPI numbers.
Huge short squeeze in battery metal sector.
Results in focus.
Pre-Market Report
Wall Street finished mixed overnight, recovering from earlier losses. The Dow lost 97 points (-0.25%), S&P 500 up 0.17%, NASDAQ gained 0.37%, and small-cap stocks performed well, building on yesterday's gains with the Russell 2000 gaining 1.34%. January durable goods orders declined notably, mainly attributed to weak Boeing orders, while February's consumer confidence was below…