SUMMARY Sold EOS yesterday afternoon to lock in a 12.5% profit. After such a rapid rise, things can turnover quickly. TWE up modestly yesterday. No change. No change to AD8, hanging in there. Resources come alive in our market yesterday and global markets overnight. Iron ore, coal, gold, uranium, copper and lithium up. Time for…
The ASX 200 has finished the day up 92 points (1.2%) to 7832 as resources kicked back to life. After weeks of selling pressure iron ore giants, copper, lithium and gold saw risk-off buying. Iron ore shot to a one-month high taking BHP and RIO up 2.6%. FMG up 3.2%. Lithium stocks bounced of lows.…
Developed by John Bollinger in the early 1980s Bollinger Bands are included on almost every charting package. John Bollinger sells books and used to sell fabulous DVD Sets explaining Bollinger Bands. A bit like Gann Fans, there is much scepticism about the authors of technical theories. Gann, at the admission of his own son, a…
SPI Futures up 19 after a 32 point fall yesterday. Big Tech firing, Tesla flying. Powell in no rush to cut but significant progress made. Half session in the US tonight. Closed on Thursday, back on Friday.
You might have heard the expressions ‘top-down’ and ‘bottom-up’ applied to stock picking. Let us explain. TOP-DOWN Top-down research is what the economists and strategists do. They try and predict where the equity market will go by working out what earnings are going to do on average over some time period. To do that they…
Market up 22 in line with the Futures at Midday – Retail Sales stronger than expected at the headline but underlying “stagnant” according to the ABS. Lots on the Calendar. US half day tonight and closed Thursday.
SUMMARY Punching the air with EOS, up 17%. Does that mean sell? Tightening stop loss. Afternoon update: Selling and locking in a profit. Down 5% today, could turn over quickly. Another strong session for WDS, raising stop loss. Temped to add KAR for a more geared exposure. Not yet. TWE rises yesterday vs a down…
The ASX 200 has finished the day up 22 points (+0.3%) to 7740 in narrow trade. Sectors were mixed with Tech, Energy and Miners outperforming. Tech benefitting from a strong NASDAQ lead, while Energy and Miners did well on the back of rising commodity prices and iron ore up in Asia. XRO and MAQ up…
Another good night on Wall Street. The S&P 500 and NASDAQ both closed at record highs. S&P 500 closed above 5,500, up 0.62%, marking its 32nd record this year. The NASDAQ rose 0.84%, supported by gains in Tesla +10.2% after reporting a smaller-than-expected 5% drop in vehicle deliveries in Q2. Blue-chip Dow rose 162 points…
You might have heard the expressions ‘top-down’ and ‘bottom-up’ applied to stock picking. Let us explain. TOP-DOWN Top-down research is what the economists and strategists do. They try and predict where the equity market will go by working out what earnings are going to do on average over some time period. To do that they…
