ASX 200 down 7 points in range-bound trade as we watch and wait (for what?) The index fell to 7964 (-0.1%), with banks steady, CBA down slightly, the Big Bank Basket at $228.39 (0.1%). Insurers did well, QBE up 0.4% and SUN up 1.3%. REITS got whacked led lower by GMG down 2.1%. Industrials a little…
What is an ADR? An American Depositary Receipt (ADR) is a financial instrument that allows U.S. investors to invest in foreign companies without dealing with the complexities of international trading. ADRs are issued by U.S. banks and represent shares of a foreign company that the bank holds in its home market. Here are some key…
Wall Street finished broadly lower, ending near worst levels before Tesla and Google kicked off the “Magnificent Seven” reporting season after the closing bell. The Dow Jones closed 57 points lower (-0.14%). Up 112 points at best. Down 96 points at worst. The S&P 500 lost 0.16%, and the NASDAQ was flat. Small caps outperformed.…
Solid tech bounce.
Politics taking back seat to tech earnings reports now.
Some caution perhaps required locally as quarterlies point to a slowdown.
Indian Budget.
SUMMARY SNAS set for its first down day in a week. Selling today. Last night’s bounce indicates enthusiasm for big tech remains. WBC prints both a daily and weekly sell signal. Doesn’t look like a significant top just yet. CSL prints both a daily and weekly sell signal. On a daily chart there is no…
