SUMMARY PLS finds a bit of support at the $3.96 level. A note on stop losses. SQ up a touch in the US. Bitcoin down 1%, holds onto most of its gains from the previous session. No change to LNAS. Raising ORI stop loss to $18.13. Still on standby for ALL. Got away from us…
ASX 200 fell 67 points to 7814 (-0.9%) as broad-based losses after a huge run yesterday. Index up 0.84% this week. Banks eased back despite an 8.2% run in BEN after results beat expectations. The Big Bank Basket fell to $210.47 (-0.6%). MQG dropped 1.3%, and other financials under pressure. Insurers slid, QBE down 1.5%…
ASX 200 overdid it yesterday. Rate cuts hopes return after Employment numbers yesterday. Banks bonanza continues. CBA all-time high. Next week’s Dairy – light on. Education Corner – The Problem with Warren Buffett.
Record highs all around in the US as CPI number behave
US equities rose overnight, with all three major indices closing at record highs. Bond yields slumped after soft CPI readings reinforced bets that the Fed will cut rates as early as September. Dow gained 350 points (+0.88%). Up 377 points at best. S&P 500 +1.17% notching its 23rd record in 2024, NASDAQ +1.40% and the Russell…
SUMMARY Adding LNAS for a trade. You know the drill with LNAS and SNAS – high volatility, high risk, high reward. Bitcoin up 7% overnight. Going to re-enter our SQ2 position. Buying for a NASDAQ and bitcoin play. Adding ALL for a trade. Little early but results today look good. Potential 15% upside if it…
ASX 200 jumped 128 points (+1.7%) to 7881 as good US CPI and better-than-expected local jobs data created a tsunami of buying in large caps. Big banks closed higher, CBA was up 1.9% to fresh highs, and the Big Bank Basket was up to $211.81 (+2.0%), close to a record high. NAB the standout up…
Buying Macquarie in the One Stock Portfolio. The bull market is back and its a Stock Market Stock. Buying Aristocrat Leisure (ALL) in the Trading Ideas Portfolio.
