Members Podcast Wednesday – Why they want you to trade Forex – Recent Growth Portfolio selling paying off
Market topping out on the charts but only slowly – unless it accelerates we’ll hang in there in the Strategy Portfolio
Market topping out on the charts but only slowly – unless it accelerates we’ll hang in there in the Strategy Portfolio
Added some small exposure yesterday in GEAR.
The Inconvenient Truth. Powell speaks.
Are higher rates actually stimulating the US economy?
Podcast with Hedge fund manager.
Wall Street closed mixed overnight in choppy trading as the market weighed the latest round of quarterly reports and Powell's comments which drove bond yields to fresh 2024 highs. The Dow gained 64 points (+0.14%), getting a boost from UnitedHealth’s +5.2% better-than-expected Q1 results. Up 257 points at best, down 21 points at worst. The…
SUMMARY Powell – no rate cuts for “as long as needed”. Love it when a plan comes together – recent selling paying off. SNAS trade – hoping we’ve caught the top. Geopolitical risk building. Good for gold and oil. RIO production numbers dip. BHP tomorrow. Education Corner – Why they want you to trade FOREX. MARKET BULLETS…
ASX 200 closes down 7 to 7606 (-0.1%) in an anaemic bounce snuffed out at the close despite better US futures. Nerves surrounding Israel continue. Banks staged a slight recovery as BOQ beat forecasts despite a dividend cut, up 5.2%. The Big Bank Basket rose slightly to $199.04 (+0.2%). MQG slid another 1.0% with insurers…
You've probably seen the Ad – "The average forex trader earns $100,000 to $2m a year starting with as little as $10,000 in their trading accounts". The idea that you can easily speculate in foreign exchange from the comfort of your own home and mobile phone, and make money, is ridiculous. What could you possibly…
SUMMARY Reviewing the damage from yesterday. Nothing serious except for KAR and BGL. SNAS and SFR shine. KAR caught up in the selloff, closing right on its stop loss and support. Monitoring today and will take action if it opens lower. Gold flat overnight. BGL close to stop loss but hasn’t hit it yet. NST…