SUMMARY Better day on the cards – the froth has blown off. Back to normal? Big Tech finds a floor ahead of the results season next week. TSMC up 10% on AI guidance. Apple upgraded. Nvidia record high. Semiconductor index up 3.3%. BHP Production numbers don’t excite and ring the bell for nickel producers. We…
Market is coming to terms with rate reality.
Been bearish recently.
Uranium. DYL quarterly. Happy to take profits.
Speculative buys in DRO and OEC.
US stocks closed in the red as treasury yields rose following stronger-than-expected retail sales data. The S&P 500 and NASDAQ each dropped almost 0.6%, while the Dow Jones closed 94 points lower. Real estate, consumer discretionary, tech, and materials were among the worst-performing sectors. Megacap stocks Alphabet, Amazon, and Nvidia experienced losses exceeding 0.6%, and…
US slips slightly again. Three days straight.
Rate bets being unwound a little. Retail sales strong.
BHP production Report. SPI down 22 points.
This podcast includes a lesson in charts, candles and the appropriate time periods for traders and investors
SUMMARY BHP and iron ore fall on Chinese GDP data. One Stocks in Cash. AGL prints a buy signal but wouldn’t trade until chart improves. Tempted for a trade in CPU but the easy gains have been made. No changes to Ideas Trades. DTL hits a 52-week high, held in the MT Growth Portfolio. One…
ASX 200 fell for the fifth day down around 47 points to 7347 (-0.6%). Losses across the board, with local jobs data showing a slow down perhaps, with the headline steady at 3.9%. Seasonal factors may be the issue. Banks held steady on job numbers. The Big Bank Basket pretty much unchanged. Insurers better on…
ASX 200 fell for the fifth day down around 47 points to 7347 (0.6%).
Losses across the board with local jobs data steady at 3.9%
Rising interest rates the theme of the week. Maybe the month. A look at some interest rate winners and losers. Thought about buying SNAS. But haven’t. There is nothing precipitous going on yet. The S&P 500 is still within 1% of its high. AUD down on Chinese GDP. Resources with it. Should have bought the USD ETFs for a trade (YANK, USD), but didn’t. Can Big Tech results turn the sector. We’ll find out in the next fortnight.
ASX 200 falls another 22 points today to 7393 (0.3%) to a four-week low as banks start to slip.
Gold miners smashed on EVN news.
