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…
US equities ended sharply lower overnight, carrying some strength through midday before reversing in the afternoon as risk-off sentiment kicked in ahead of Fridays jobs report. The Dow tumbled for its fourth consecutive session finishing near session lows, down 530 points (-1.35%). Up 294 points at best. Down 568 points at worst. The S&P 500…
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…
A correction searching for an excuse, finds one.
Fed heads out and about.
Charting skills put to work.
Few risk events on the horizon.
We’re taking some profits today in the Growth Portfolio and adding a bet on the NASDAQ falling – Traders only!
The markets are turning over – “Sell before May and Go Away” – we’re taking some profits – its no biggie – just being cute
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…
Fed heads out and about again.
Small relief rally.
Keith Richards and Silver.
Mary Daly from the Fed nails it with the Dot Plots.
