STRATEGY SUMMARY Our market fails to breakout of its long-term trading range. No major reasons for the nervous sell-off yesterday afternoon. Wall St rallies on Nvidia and bond yields falling (a bit). Oil down but not selling WDS yet. Chances of a Fed rate cut in March are falling. A nervous sell-off yesterday saw the…
The ASX200 has risen 69 points (0.9%) to 7521 in a day of strong buying. Tech was the best performer following the NASDAQ higher. WTC and XRO rose 2% and 3%. Healthcare finished 2nd taken higher by CSL up 1.1%, and RMD up a huge 5.6%. The next seven major sectors all finished in the green with…
The ASX200 has closed down 38 points (0.5%) to 7452, falling for the fourth straight session. More profit-taking, Dow futures falling, and nervousness for this week’s inflation data prompted an afternoon sell-off. The selling was fairly broad based with Consumer Staples, Materials, Tech and Health Care all worst off down between 0.6% and 0.8%. Telecoms,…
US markets closed slightly higher on Friday night, giving up early gains as profit taking continued and the unemployment rate came in slightly lower than expectations. The Dow finished up 26 points or 0.1%. The S&P 500 finished up 0.2%, having been up 0.6% in early trading and the NASDAQ closed up 0.1%. For the…
US stocks finished sharply higher overnight, winning back much of the previous day’s losses after fresh economic data revealed the US economy grew weaker than expected, feeding optimism the Fed would ease rates early next year, reviving investor risk appetite. The Dow Jones rose 322 points (+0.87%), finishing near its high of +337 points. S&P…
Trimmed the halls.
HZR going well.
Is PLS still the way to go?
Is retail having a bad Xmas?
Xmas thoughts
TECHNICAL SUMMARY A few sell signals after yesterday but nothing major. 76 Stocks still overbought in the All Ords. MQG overbought on a daily basis, middle of long term trading range. Healthcare Sector remains heavily overbought. ALD hits a 52-week high. KMD hits a 52-week low. OBSERVATIONS A few sell signals after yesterday but nothing…
The Wall Street sell down didn’t follow through – back to normal.
