Forget no rate cuts. There is talk of rate rises. Some big signposts next week. US Big Tech Results season starts with a 4.8% fall in Netflix. Clear short term sell signals in US market. Selling KAR in the Trading Section. SNAS trade going nicely. May have nailed it. Education Corner – Renko Charts – simpler, clearer.
SUMMARY KAR closes just above its stop loss again. Oil down 3% overnight. No change yet to it or BPT. Tech and bitcoin continue to fold. SNAS the beneficiary. SFR has an underwhelming day. Likely to resume its upward trend after copper rises overnight. Bond yields take a breather from their relentless march higher. No…
Wall Street closed lower overnight in a choppy trading session, cementing its longest losing streak since January as big tech was sold off (ASML results not helping) despite bond yields easing. The Dow lost 46 points (-0.12%). Up 238 points at best and down 187 points at worst. The S&P 500, NASDAQ, and Russell 2000…
Resources to hold our market up today. Bond yields relax a bit. Banks coming off the top now. Looking at the research on RIO and BOQ. Next RBA move depends on Jobs data today. Education Corner – Some More Stock Market Truths
Spark New Zealand (SPK) – We are taking a look at the telco SPK today, a NZ version of TPG or Telstra. We hold it in the Income Portfolio and it has had a torrid year, down 13% since early February. That's a significant drop for a defensive income stock yielding 6%. Most of the…
Sold half of the DRO at 105c
The Call yesterday with The Whisperer.
Albo putting our money where his mouth is.
Resource Investing.
A pedestrian day in the positive – outperforming the US – Big Tech down in the US – Resources up in Australia
LIGHT & WONDER (LNW) – At a member request we are looking into Light & Wonder (LNW), an American company based in Las Vegas. LNW is dual listed on the NASDAQ and as of May last year, on the ASX. The company listed here to provide access to long-term Australian institutional investors in what it…
