Pre-market Podcast
The S&P 500 rose for an eighth consecutive day extending its longest win streak in two years.
Up 0.1% to finish at 4,382.78. The Nasdaq Composite up 0.08% to end at 13,650.41. The Dow lost 40.33 points.
Strategy By Henry – Stay Long
SUMMARY No change in portfolios. A catch up with some stocks. QAN and 'The Man Who Wasn't There'. The problem is not just interest rates, it is the debt that will kill you. Ask WeWork How did we come up with 2-3% anyway. State of US debt. Be careful what you wish for with the…
Henry’s Take – XRO in Spotlight – Maybe an Opportunity
SMALL CAP PORTFOLIO 2.45pm Updates XRO – Just watched the CEO on CNBC being interviewed. Didn’t give much away. Ironically the stock falls after making a profit. Below $100 now. Breaking down. Nothing done in the Portfolio. DYL slipping nicely towards 110c and hoping for more weakness. 100c is my price to get interested in…
End of Day Report Thursday
ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and…
Pre-Market Report
US equities were little changed overnight as markets weighed the latest corporate results and digested remarks from Fed officials. The Dow slipped 40 points (-0.12%). Dow up 100 points at best. Down 156 points at worst. The S&P 500 continued its longest winning streak in two years, getting close to the key 4,400 level, up…
End of Day Report Wednesday
ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from…
Technical Scans
TECHNICAL SUMMARY
Not many hits today illustrating the market has come off last week’s oversold levels.
S&P 500 breaks down-trend.
MQG hits another 52-week low.