MAIN EVENTS US Markets are on holiday on Tuesday July 4th and close early on Monday. A lot of Americans are on holiday this week. RBA Interest Rate Decision Tuesday. FOMC Meeting Minutes Thursday. US Nonfarm Payrolls and Unemployment Rate Friday. ECONOMICS Australia – Building Permits Monday and Balance of Trade Thursday. US – Manufacturing…
These are out weekly charts of the Markets and sectors – they provide a very quick idea of the currents running through the market at the moment
In this episode of On the Couch we catch up with Adam Dawes from Shaw and Partners talking on the market moving themes of the last year. What 23/24 holds in store for investors. His three picks for the new financial year, and answers some member questions on ZIP, MIN, CXL, LOV, and ABB.
SUMMARY Today’s observations: Doing Weekly and Daily signals now. Weekly are more appropriate for investors, Daily for traders. US markets and Technology overbought on weekly charts – ACDC, NASDAQ, QLTY, RBTZ, FANG+, LNAS, IVV (S&P 500), IOO (Global stocks ETF), Oversold – Gold and the GOLD ETF. Buy signal on NEU which is a bit…
The Dow Jones Industrial Average rose on Thursday as big bank names gained after passing the Federal Reserve’s annual stress test.
SMALL CAP PORTFOLIO Friday 30th June – Happy New Year 2.45 pm Update A nothing day. EOFY is seeing not much change at the index level. 15-points either way. In small stocks, LRS is coming off after a stellar week/month. Had to happen at some stage. LLL is taking up the mantle today with a…
MARCUS TAKE Financials kick in the US – good for the MQG PORTFOLIO. Long weekend coming up in the US. US inflation number tonight. RBA hopes helping our retail recovery. A STOCK TAKE on NIB Holdings (NHF) – Solid not Sexy. RETIREMENT TODAY – The Eden Project. The Best Charting Software – an article in…
MARKET AT MIDDAY The ASX 200 started with early losses before an 11am rebound, now heading for a weekly gain; The Market is up 7 points to 7202 (+0.1%). Private sector credit in Australia increased by 0.4% M/M in May, the same as a downwardly revised figure in the prior month Energy shares Beach Energy (BPT) +1.1% and Woodside Energy Group (WDS) +0.7%…
This is our Members Exclusive Podcast – The last day of the financial year. The US is on holiday on Tuesday and has a half-day Monday. We have the RBA to worry about next week and an inflation number in the US tonight.
ASX 200 closed with a modest gain of 0.12% to 7203, up 8 points as EOFY came and went. For the week, the index is up 103 points or 1.5%. A mixed session with resources slightly firmer, BHP up 0.1% and FMG up 0.3% with lithium stocks drifting higher, PLS up 1.2% and IGO up…
