SUMMARY Oil and Gold stocks up, markets down. Trimming the vulnerable, keeping oil and gold. Selling JMS and MIN. JMS as a small cap particularly vulnerable. Will hold onto KAR, BGL and NST. Unless they fall below stop losses. Adding SNAS for a trade and short-term bet that we have seen the top for a…
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…
Wall Street ended mostly higher overnight after data showed the US services industry growth slowed in March, but gains were capped after Powel signalled a rate cut was still not in sight. The Dow slipped 43 points (-0.11%). Up 136 points at best, down 153 points at worst. Intel down 8% weighed on the 30-stock…
Fed heads out and about again.
Small relief rally.
Keith Richards and Silver.
Mary Daly from the Fed nails it with the Dot Plots.
Some lessons on broker research as we rebound from yesterday’s sell off.
ASX 200 rose 35 points to 7817 (+0.5%) in quiet trade. Banks and industrials are making gains after the drubbing yesterday, with The Big Bank Basket up to $207.93 (+0.4%). MQG did ok, and insurers mixed, with SUN up 0.2% and QBE slipping slightly. REITs are back in demand, led as always by GMG, up…
