ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93 (-0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again, down 2.3%. REITs mainly higher,…
Wall Street edged lower overnight as the market awaits CPI and PPI results this week to assess whether recent inflationary pressures were transient or indicative of a broader trend. The Dow finished 47 points higher. Up 72 points at best. Down 229 points at worst. The S&P 500 fell 0.11% and showed signs of overheating…
SUMMARY Multiple big ticket buy and sell signals after yesterday's heavy sell-off. PDN recovered from yesterday's soft open. BOE finished down. Holding for now. LLC holds up relatively well. Shorting ETFs print daily and weekly buy signals. BBUS, SNAS, BBOZ, BEAR. Sell signals from the big banks, WES, GMG, WTC to name a few. MQG…
Added GEAR yesterday.
Is there a shift in the force?
Iron ore fell 7% in Asia.
Lithium rises. PLS signs offtake agreement.
Making changes – some dramatic changes to our portfolios today as we run up a bit of cash
ASX 200 cratered 143 points to 7704 (-1.8%) as banks gave up frothy gains from Friday and iron ore weakened in Asian trade dragging down the big miners. BHP fell 2.6% with RIO off 3.6% and FMG down 3.5%. Base metal stocks also slid with MIN off 2.4% and S32 down 2.3%. Lithium stocks were…
Wall St closed down on Friday night. Initially buoyed by a positive jobs number before selling took hold for no particular reason. Likely just profit taking after a stellar run. The Dow fell 69 points (-0.18%). S&P 500 off 0.65% and the NASDAQ the worst, down 1.16%. Jobs numbers from the US were generally weaker…
Is the Magnificent Seven now the Fab Four?
Who is buying all the Gold?
US Core CPI data this week.
Usual US Check Ins.
