SUMMARY Buy the dip prevails again. US markets bounce, SNAS to suffer. Stop loss set at 3 x ATR from recent high at $1.735. Glad we're still in oil and gold. BGL and NST performing well today. KAR lagging. No other changes to trades or One Stock Portfolios.
The ASX 200 rises 16 points to 7789 (0.2%) in quiet range bound trade. Solid across the board except oil and gas with WDS easing 1.6% and STO down 1.0% as oil drifts lower on diminished risks. Coal stocks better, Gold miners kicking higher, NST up 2.0% and NEM rocketing up 6.6%. GOR and GMD also…
I (almost) never want to wake up to a market that's dropped but it would have made us look clever having taken a few profits yesterday and bought a trade in SNAS. I'll just have to pretend I knew that was going to happen and that we're still right. Even though we're going to look…
All of this weeks Members Podcasts in one place.
THE WEEK THAT WAS An interesting week. Aren’t they all? It was topped off last night by a jobs report that screamed no rate cut in the US, at least in June. 303,000 new jobs added. Does that seem like an economy that needs rate cuts? Nope. You would have thought that this number, which…
The markets are turning over – “Sell before May and Go Away” – we’re taking some profits – its no biggie – just being cute
We’re taking some profits today in the Growth Portfolio and adding a bet on the NASDAQ falling – Traders only!
ASX 200 finished down 44 points to 7773 (-0.6%) to close out a miserable week down around 1.5%. Broad-based losses following the dip in the US last night. Jobs number tonight shaping up as a crucial data point. Banks eased back slightly, the Big Bank Basket off to $207.53 (-0.2%). MQG fell 0.9% with insurers…
