Good Morning everyone. We are on MARCUS LITE today with an empty office in Melbourne (State Holiday). Henry is on HENRY HEAVY, although he has a State holiday on Monday. The ASX is open on both days. We will provide a Morning and End of Day email today and on Monday. The WEEKEND newsletter will be produced as usual on Saturday.
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%. LTR slipped 1.3% on a KV update. Costs up 6% since January. Gold stocks also in demand as bargain hunters scratched around in the ashes,
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%.
US equities ended the session mixed overnight in a volatile day, with the market recovering from its low. The oil price the main concern – up 2.6% as crude inventories at the Cushing storage facility in Oklahoma hit a one-year low. The US has run down their Strategic Reserve at just the wrong time. Higher…
SMALL CAP PORTFOLIO 2.45pm Updates Few changes today with the sell-down of LTR at 299c to a 1% weighting. Gina buying more around 300c it seems. I have also added another 1% in LRS following the Colina update this morning. I think this is good news and the market is not valuing the opportunity. The…
The Dow fell 68.61 points, or 0.20%, landing at 33,550.27. Earlier in the session, it was up as much as 112.77 points. The S&P 500 edged up 0.02% to close at 4,274.51, while the Nasdaq Composite added 0.22% to end the session at 13,092.85.
BBUS overbought as the market falls. Oil overbought. ResMed, bouncing, but for how long.
Groundhog day, month, hopefully not year. The oil price is becoming a problem. Three things you need to get rich in the stock market. What are the best three long term stocks in the market – listen to my podcast with John Abernathy.
Groundhog Day – Today we look at some of the possible trades that could get us back into the market and out of cash
The ASX 200 dropped another 6 points today to 7025 (0.1%) after an early rally fizzled out. Retail sales were slightly worse than expected and suggest the RBA will be on hold next week.
