Forget no rate cuts. There is talk of rate rises. Some big signposts next week. US Big Tech Results season starts with a 4.8% fall in Netflix. Clear short term sell signals in US market. Selling KAR in the Trading Section. SNAS trade going nicely. May have nailed it. Education Corner – Renko Charts – simpler, clearer.
SUMMARY Sold KAR @ 215c. No change to BPT. NASDAQ down 0.5%. SNAS timing is looking good. MQG prints a buy signal after one good day. Nothing substantial to the bounce yet. Staying in cash in the OSP. Recent iron ore gains not having a great impact on FMG. Staying in cash in the FMG…
An Israeli retaliation has markets on the back foot with US Futures dropping
Resources to hold our market up today. Bond yields relax a bit. Banks coming off the top now. Looking at the research on RIO and BOQ. Next RBA move depends on Jobs data today. Education Corner – Some More Stock Market Truths
Spark New Zealand (SPK) – We are taking a look at the telco SPK today, a NZ version of TPG or Telstra. We hold it in the Income Portfolio and it has had a torrid year, down 13% since early February. That's a significant drop for a defensive income stock yielding 6%. Most of the…
A pedestrian day in the positive – outperforming the US – Big Tech down in the US – Resources up in Australia
LIGHT & WONDER (LNW) – At a member request we are looking into Light & Wonder (LNW), an American company based in Las Vegas. LNW is dual listed on the NASDAQ and as of May last year, on the ASX. The company listed here to provide access to long-term Australian institutional investors in what it…
