Technical Scans – BHP Break-Out
A surprising number of stocks oversold on a weekly basis.
BHP overbought on a daily basis. Has broken out of the pennant.
SQ2 with a daily sell signal.
A surprising number of stocks oversold on a weekly basis.
BHP overbought on a daily basis. Has broken out of the pennant.
SQ2 with a daily sell signal.
SPI Futures down 12 points as the US closes shop for the Thanksgiving holiday
US holds up going into the Thanksgiving holiday.
Michele Bullock treading her own path on inflation (Hawkish).
Great Nvidia results are OK. Lucky they weren’t just OK.
Novo Nordisk makes other high PE stocks look stupid.
The ASX has closed down 44 points (-0.6%) to 7029. A solid night in the US not enough to outweigh selling pressure caused by a Hawkish Michele Bullock and falls in the oil price.
London Mining Conference – Big Themes – Small Companies – Potential
Very quiet day ahead of the US holiday – ASX 200 up 7 points. Bit of a yawn.
ASX 200 slid 5 points to 7073 (-0.1%), in a quiet directionless day of trade. SPI Futures this morning were -6. Sectors finished mixed. Interest rate-sensitive sectors took cues from Wall Street overnight
Wall Street finished down on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach moving forward. The Dow fell 63 points (-0.18%), trading lowe
The ASX 200 flat, up one point to 7079, trading in a narrow range, struggling for any direction. Tech stocks are falling in lockstep with the NASDAQ overnight. SQ2 down 1.5% and XRO off 0.7%. All-Tech index down 0.7%. Iron ore miners doing
Quiet day – Market down 5 in a narrow session – Bullock speaks tonight