Technical Scans
TECHNICAL SUMMARY
Not many hits today illustrating the market has come off last week’s oversold levels.
S&P 500 breaks down-trend.
MQG hits another 52-week low.
TECHNICAL SUMMARY
Not many hits today illustrating the market has come off last week’s oversold levels.
S&P 500 breaks down-trend.
MQG hits another 52-week low.
ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from…
STRATEGY SUMMARY
No change to strategy. A pause that refreshes? Hopefully.
The Banking Machine shows its strength.
Adding a couple REIT’s to the Income Portfolio.
The RBA has raised the official cash rate target by 25bps to a 12-year high of 4.35%. Highlights of the meeting include:
The ASX 200 is down 30 points to 6968 (0.15%), following US cautious trade ahead of this afternoon’s RBA decision. Four major sectors are in the green and seven in the red. Healthcare is the best performer with CSL up 0.8%, COH up 1.5% but RMD taking a breather down 0.4%. Financials the worst with…