SMALL CAP PORTFOLIO SUMMARY The winning trades of the year. Surprise! Whats the use of commodity markets if no one hedges! Stock of the Day – XAM Best non-trade of the year award goes to…… Vote early, Vote often in the Equity Mates Awards. Ausbiz – The Call today at Noon. ASA Xmas – Lunch…
Dow Jones overbought on a daily basis.
GMG hits a 52-week high and is overbought on a daily basis.
ELD with a daily sell signal.
The ASX200 rose 20 points to 7035 this afternoon as an inflation optimism rally faded. Technology was the stand-out, gaining all day on hopes the RBA will halt rate rises next year. WTC, XRO and NXT up 2%, 2.9% and 1.4%. Discretionary spending, REITs and Gold sectors also rallied in a similar vein. WES, JBH,…
US markets started the week lower taking a post-thanksgiving pause as the shopping season kicked into high gear with Cyber Monday deals. The Dow Jones finished near worst levels, down 57 points (0.16%). Up 20 points at best. Down 110 points at worst. S&P 500 slipped 0.2% but still hovering near technically “overbought” levels, and…
GMD – Backing da Man. Been a great win so far. NEM is starting to settle down after the merger. Diversified gold major.
Euro Stoxx50 and other major indices overbought on a daily basis.
MQG falls back into down-trend.
AGL oversold on a daily basis as utilities drift lower.
Market up 24 as we wait for inflation numbers this week.
ASX 200 clawed back some losses closing up 28 points to 7015 (0.4%). Early euphoria gave way to apathy again. Banks were a strong sector with the Big Bank Basket up to $177.31 (0.8%). NAB leading the charge up 1.2% and MQG managing to eke out a 0.1% rise.
