SUMMARY Strong sell-off yesterday. Trading is a balance of probabilities and currently we are going against the tide. Tempted to cut all trades and watch from the sidelines until normal service resumes. Holding for now, ready to pull the trigger. Uranium the only sector going up. BOE and PDN rising 4% and 5% yesterday. Gold…
Fed Predictable – Dovish if anything. Still got our finger on the trigger but haven’t pulled it yet. NAB Results look OK – share buyback increased. Dividend flat. US market popped and dropped. Bit weird. Apple tonight, Macquarie tomorrow. RBA Tuesday. What’s next after Big Tech results. Into the void. Education Corner – Corrections are Great! And what to do about them.
We survived the Fed but the Ides of May are not great – Apple tonight – Macquarie tomorrow – Jobs numbers on Friday – RBA Tuesday
ASX 200 rallies 17 points to 7587 (+0.2%) as banks take heart from NAB result and new $1.5bn buyback. NAB up 1.5% and the Big Bank Basket up to $203.54 (+1.0%). MQG rallying 1.2% ahead of its results tomorrow, with NWL also doing well up 2.0%. Insurers eased back. REITs slightly better with GMG up…
ASX 200 falls another 94 points to 7588 (-1.2%) as US markets fall ahead of FOMC meeting results. Banks eased with results in focus, NAB flat with the Big Bank Basket down to $201.58 (-0.4%). Insurers slipped, with QBE off 1.2% and SUN down 2.3%, with other financials easing MQG down 0.9%. REITS slipped slightly, GMG…
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
