Wall Street edged higher with nominal gains in a narrow range, losing momentum as the session progressed. Treasuries extended their November rally, and the dollar fell on further speculation the Fed is done with rate hikes and will likely ease rates next year. The Dow advanced 84 points (+0.24%). Dow up 185 points at best.…
SMALL CAP PORTFOLIO SUMMARY The winning trades of the year. Surprise! Whats the use of commodity markets if no one hedges! Stock of the Day – XAM Best non-trade of the year award goes to…… Vote early, Vote often in the Equity Mates Awards. Ausbiz – The Call today at Noon. ASA Xmas – Lunch…
Dow Jones overbought on a daily basis.
GMG hits a 52-week high and is overbought on a daily basis.
ELD with a daily sell signal.
The ASX200 rose 20 points to 7035 this afternoon as an inflation optimism rally faded. Technology was the stand-out, gaining all day on hopes the RBA will halt rate rises next year. WTC, XRO and NXT up 2%, 2.9% and 1.4%. Discretionary spending, REITs and Gold sectors also rallied in a similar vein. WES, JBH,…
Euro Stoxx50 and other major indices overbought on a daily basis.
MQG falls back into down-trend.
AGL oversold on a daily basis as utilities drift lower.
All gone quiet – came very close to selling some of the US trades.
Market up 24 as we wait for inflation numbers this week.
ASX 200 clawed back some losses closing up 28 points to 7015 (+0.4%). Early euphoria gave way to apathy again. Banks were strong, the Big Bank Basket up to $177.31 (+0.8%). NAB leading the charge
