Pre-Market Report Friday

Reports Section

Wall Street closed mixed overnight as the market digested the latest round of tech earnings and fresh signs of labour market resiliency. Dow Jones up 164 points (+0.47%), marking its ninth straight day of gains, its longest streak since 2017, supported by Johnson & Johnson, which jumped 6% on upbeat revenue and earnings. Dow at…

Henry’s Take – Samba time?

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SUMMARY  Sold own LRS a little. Samba anyone? Sold GMD and GEAR completely. Ausbiz The Call yesterday gave me a reason to visit ORG. Did Musk really say that? SMALL CAP PORTFOLIO 2.30pm Update Not very exciting. Next week will be a big week for US results.Fed meeting too. Not much on the corporate front…

Strategy By Henry – Time to take some profits? Yup!

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SUMMARY Selling Nasdaq RETF today. The signs are there. Can always jump back in. Staying long S&P 500 which has underperformed. Maybe time to look at taking some money off the table in the banks. Backed Sam Kerr for Golden Boot. Another lesson reinforced. The time has come for all good men. Yesterday I was…

Technical Scans Friday

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TECHNICAL SCANS – (Daily Signals) We scan the All Ordinaries (500 stocks) every day looking for buy and sell signals. The results are below. The lists are in alphabetical order with the larger or more interesting stocks highlighted in yellow. The size of the lists gives you a feel for the market trend (lots of…

Midday Report Friday

Reports Section

MARKET AT MIDDAY The ASX 200 is down 25 points to 7300 (-0.3%) driven by losses in the technology sector, mirroring movements in the US overnight. Wisetech (WTC) -2.7% and Seek (SEK) -2.9%.Coronado Global Resources (CRN) up 2.5% after maintaining its FY23 guidance and reporting production growth in the June quarter. Atlas Arteria (ALX) experienced a 1.1% drop despite reporting revenue growth in the June quarter due to…