ASX 200 closes down 7 to 7606 (-0.1%) in an anaemic bounce snuffed out at the close despite better US futures. Nerves surrounding Israel continue. Banks staged a slight recovery as BOQ beat forecasts despite a dividend cut, up 5.2%. The Big Bank Basket rose slightly to $199.04 (+0.2%). MQG slid another 1.0% with insurers…
Market topping out on the charts but only slowly – unless it accelerates we’ll hang in there in the Strategy Portfolio
You've probably seen the Ad – "The average forex trader earns $100,000 to $2m a year starting with as little as $10,000 in their trading accounts". The idea that you can easily speculate in foreign exchange from the comfort of your own home and mobile phone, and make money, is ridiculous. What could you possibly…
SUMMARY Markets down for a second day instead of bouncing as usual. Getting a bit ominous but not enough to scare us out of Strategy holdings yet. Bond yields up again, strong retail sales reinforce the “no rate cuts this year narrative”. Geopolitical tensions are short term but not helping. Well positioned for a small…
SUMMARY SNAS set to go in the green. Will raise its stop loss after the close (as it hits a new recent high). BPT slowly heading higher. Increasing stop loss slightly. Oil down overnight. KAR behaving better. NST opened lower but buyers came in to mitigate the damage. Same can’t be said for BGL. SFR…
Wall Street kicked off the week sharply lower, ending near worst levels as tech stocks dragged and bond yields jumped after hot retail sales and rising geopolitical tensions between Iran and Israel. The Dow fell 248 points (-0.65%). Up 404 points at best and down 325 points at worst. S&P 500 erased earlier gains and…
