Pre-Market Report US Labour Market Shows Resilience
US equities finished higher overnight. Ahead of the Thanksgiving Day Holiday on optimism the Fed has finished its rate hiking cycle, and the economy is still resilient. The Dow advanced 185 points
Technical Scans – BHP Break-Out
A surprising number of stocks oversold on a weekly basis.
BHP overbought on a daily basis. Has broken out of the pennant.
SQ2 with a daily sell signal.
Pre-market Podcast Thursday – Rolling into the US holiday
SPI Futures down 12 points as the US closes shop for the Thanksgiving holiday
Marcus Strategy – RBA Treading Own Path
US holds up going into the Thanksgiving holiday.
Michele Bullock treading her own path on inflation (Hawkish).
Great Nvidia results are OK. Lucky they weren’t just OK.
Novo Nordisk makes other high PE stocks look stupid.
Members Podcast Thursday – A couple of new holdings
A couple of new stocks today as the market fades into the US holiday
End of Day Report Thursday – Bullock Puts Spanner in the Works
The ASX has closed down 44 points (-0.6%) to 7029. A solid night in the US not enough to outweigh selling pressure caused by a Hawkish Michele Bullock and falls in the oil price.
Marcus Strategy Wednesday – Taking a breather
SPI Futures down 6. Nvidia fails to set the market alight. Predictable. FOMC Minutes. Predictable. Holiday coming up – getting quiet. Making money in currencies is possible. The Global Nuclear Renaissance and the uranium conundrum. No need to sell anything yet.
ASX Today
The ASX 200 flat, up one point to 7079, trading in a narrow range, struggling for any direction. Tech stocks are falling in lockstep with the NASDAQ overnight. SQ2 down 1.5% and XRO off 0.7%. All-Tech index down 0.7%. Iron ore miners doing
Members Podcast Wednesday – Yawn
Very quiet day ahead of the US holiday – ASX 200 up 7 points. Bit of a yawn.
End of Day Report Wednesday – Down 5 Points
ASX 200 slid 5 points to 7073 (-0.1%), in a quiet directionless day of trade. SPI Futures this morning were -6. Sectors finished mixed. Interest rate-sensitive sectors took cues from Wall Street overnight