Henry’s Take – Commodity Boom Continues!
Added two holdings under takeovers.
Macro factors at work in the US. CPI and PPI.
US yields hit 2024 high.
Zinc stocks. One to watch.
End of Day Report
ASX 200 kicks another 35 points to 7824 as buyers continue in resource stocks. BHP finding friends on iron ore recovery, up 2.0%, and RIO doing well up 3.0%. Lithium stocks also recovering nicely following a 5% rise in Tesla. MIN up 1.0%, and PLS rallying 1.6%. Gold miners mixed despite bullion kicking higher again, NEM easing…
Pre-Market Report
US equities kicked off the week essentially unchanged following a choppy day of trade, with the solar eclipse offering a distraction leading into a busy week including CPI and the start of first-quarter earnings. All three major indices ended near flat, the Dow closed down 11 points (-0.03%). Up 109 points at best, down 46…
Trading Section
SUMMARY Buy the dip prevails again. US markets bounce, SNAS to suffer. Stop loss set at 3 x ATR from recent high at $1.735. Glad we're still in oil and gold. BGL and NST performing well today. KAR lagging. No other changes to trades or One Stock Portfolios.
Pre-market Report
US markets bounced from Thursday losses after economic enthusiasm eclipsed concerns of the number of rate cuts expected this year. The Dow Jones rose 307 points (+0.80%), the S&P 500 gained 1.11% and the NASDAQ rose 1.24%. US non-farm payrolls rose by 303k jobs in March (vs 200k forecast), the biggest monthly gain in ten…
END Of DAY Report
The ASX 200 rises 16 points to 7789 (0.2%) in quiet range bound trade. Solid across the board except oil and gas with WDS easing 1.6% and STO down 1.0% as oil drifts lower on diminished risks. Coal stocks better, Gold miners kicking higher, NST up 2.0% and NEM rocketing up 6.6%. GOR and GMD also…
Henry’s Take – US Jobs Soar – Fed in No Hurry
US Big Picture. Where to for ASX 200?
Gold! Gold! Gold!
APM Bid at 140c subject to conditions.
US Check-Ins.
Uranium back. New podcast may help.
Ask the Analyst podcast available.