Members Podcast Wednesday – A better day
A better day as the RBA’s Dovishness washes over our financials
End of Day Report Wednesday
MARKET WRAP ASX 200 romped ahead by 117 points to 7178 (+1.7%). All is forgiven after the losses of yesterday, even lithium staged a significant comeback. This despite falls in international lithium stocks. AKE up 3.0%, PLS up 5.6% with some large blocks traded, MIN rose 4.2% with iron ore miners not even stirred by…
Pre-Market Report – Rally takes a break
Wall Street ends lower overnight as markets turn cautious ahead of employment data this week that could alter expectations the Fed will cut rates early next year. The Dow fell 41 points (-0.11%). Down 216 points at worst. S&P 500 and NASDAQ fell 0.54% and 0.84%, respectively, with mega-cap tech stocks Microsoft, Google, Meta and…
Pre-market Podcast
The Dow Jones Industrial Average shed 41.06 points, or 0.11%, to close at 36,204.44.
The S&P 500 dropped 0.54% to 4,569.78. Nasdaq down 0.8%
Technical Scans – Dow on a 52-Week High
Dow Jones, S&P 500 finished last week at 52-week highs.
Oil stocks oversold. Waiting for the bottom.
COH oversold on a daily basis.
Henry’s Take – You Canute be Serious!
Gold hits all-time high backs off.
Looking at adding DYL.
Lithium sell-off continues but not enough towel-throwing yet.
Two contrarian picks for 2024.
Marcus Take – Tuesday – Not quite bad enough
SPI Futures down 38 – Not quite the “One Bad Day” that would trigger profit taking
End of Day Report – RBA Holds Rates at 4.35%
ASX 200 fell 63 points to close at 7062 (-0.9%) on weaker international leads and falling commodity prices. RBA left rates unchanged, but limited ASX reaction. Resources hit hard with iron ore miners under pressure, BHP down 1.3% and FMG off 0.9%, Lithium stocks remain seriously depressed with IGO falling 6.7%, PLS down 8.5% and…