SUMMARY Bulls refuse to lie down. MQG prints a (tiny) weekly sell signal along with WTC and CAR. Cash in the MQG one stock portfolio. Adding KAR for a trade. Recent breakout above $2.09. Iron ore down. No change to BHP/FMG one stock portfolio. Bond yields down. Gold up. BGL and NST set to benefit.…
Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…
NASDAQ down 3 days on the trot. End of the Quarter rebalancing could do something odd. Iron ore down 4% – rally over. Lithium folding up again. Trump’s Media company listing – $10bn market cap – Revenue of $3.4m. Making a loss. 29Metals – tough lesson for traders. Australian Inflation numbers today. US inflation numbers on Friday night.
The CPI number this morning behaved itself and we gently roll into the end of the week in a good mood
SUMMARY Bringing back the 3EMA charts today. Iron ore down, lithium stocks down. Keeping MIN for now, stop loss at $65.7. Glad we didn’t get sucked into buying anything else Iron Ore related. Not buying FMG in the One Stock Portfolio. MQG One Stock Portfolio in cash. No change. Gold up slightly, no change to…
Have we jumped the Shark?
Is it a Bird? Is it a Plane?
Are interest rates Table Mountain?
Have you noticed Ai in your life?
US equities ended in red overnight, giving up most of the morning's gains with a sharp selloff in the final hour of the trading session, sending the Dow and the S&P 500 down for their third consecutive session. The Dow fell 31 points (-0.08%). Up 126 points at best, down 36 points at worst, the…
