Nvidia up 16% – A Lesson in Bubbles. Block up 11% after hours on results in the US. Upgraded guidance. Australian stock market looking “so 1980s”. Stocks covered today – FMG, NST, PLS, MPL, QAN. We only hold MPL. Main Results expected today – SQ2, NEM, BXB, LTM, LYC, SFR. The China Problem – manipulating their stock market.
We are over the hump of results with this day going down in history as Nvidia adds the market cap of Netflix in one night
ASX closes off highs at 7636 up 32 points (0.4%).
Chip fever hit hard today
ASB sinks. Gold tanks.
WDS sells down Scarborough
As of November 3 2023 we are back in the market. We have had a fabulous year so far, up 26% against the All Ordinaries index up 1% – we’ve achieved that largely thanks to a very well-timed trade in the FANG and NASDAQ (NDQ)
ASX 200 rose 3 points today to 7611 as Nvidia and results were the focus.
Super Thursday. QAN down 6.8%. LOV up 10.4%
CSR Bid.
The Dow Jones Industrial Average added 48.44 points
The S&P 500 gained 0.13% – Nasdaq Composite lost 0.32% to close at 15,580.87.Nvidia Results
SUMMARY WTC hits an all time high after jumping 11% on results yesterday. Iron Ore falls again. Staying in cash in both the BHP and MQG OSPs. NASDAQ prints a weekly sell signal. Likely to reverse tomorrow with NVIDIA up after hours. GOR hits a 52-week low as gold is sold off following the delay…
ASX 200 rose 3 points today to 7611 as Nvidia and results were the focus. Super Thursday. Banks eased across the board, insurers mixed SUN up 0.8%. The Big Bank Basket down to $201.82(0.2%). MQG slightly higher, up 0.5%. REITs slipped a little. Healthcare better, CSL up 0.3% and RHC up 0.5%. In the industrials,…
Overnight, the S&P 500 and Dow Jones saw slight gains, advancing 0.13% each, while the NASDAQ dipped for a third consecutive session (-0.32%), pressured by rising treasury yields after the Fed's January meeting minutes reaffirmed a cautious approach to rate cuts, as the market awaited Nvidia results after the bell. US 2Y Treasury yield rose…
