End Of Day Podcast Friday
ASX finishes the week down 11 points at 7314 (-0.15%) for 11-point rise for the week. Narrow range again.
Pre-Market Report Thursday
US equities closed higher overnight, and the US dollar strengthened after a surprise cooling of UK inflation bolstered sentiment across global markets. The Dow rose 109 points (+0.31%), marking its eighth straight day of gains, its longest streak since September 2019. Dow at best up 282 points. S&P 500 up 0.24%, reaching levels not seen…
Technical Scans Thursday
TECHNICAL SCANS – (Daily Scans) 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…
Pre-Market Podcast Thursday
US equities closed higher overnight, and the US dollar strengthened after a surprise cooling of UK inflation bolstered sentiment across global markets.
Henry’s Take – A Bubble or Something More?
2.30pm Update LRS – I have taken the weighting in the Portfolio down from 6.6% to 4.6%. Sold a little early at 37.5c but it is now nudging 40c and I would take another 1% weighting off here. That would bring the position down to 3.6%. And lock in a 3-bagger from initial purchase in…
Strategy By Henry – Two FANGs Bared
SUMMARY Market looks a little tired and waiting for a fresh catalyst to push either way. Results? China? Bueller? RIO and BHP production reports. Not much to get excited about. Mission accomplished. Maybe a bit premature! Two FAANGS are out and not so flash. Is it time to bank the money? Macquarie Group (MQG) –…
Members Podcast Thursday
Members Podcast Thursday
Midday Report Thursday
MARKET AT MIDDAY The ASX 200 is up 15 points to 7339 (+0.2%), losing early gains after unemployment data came in flat at 3.5%, raising the likelihood of another rate rise. The Aussie dollar gained on the news while bond yields climbed higher. BHP Group (BHP) +0.3%, Rio Tinto (RIO) +0.5%, and Fortescue Metals (FMG) +1.2% also advanced, boosted by BHP Group's record annual iron ore production. Mineral Resources (MIN) up 5.4% after agreeing to sell…
End Of Day Podcast Thursday
The ASX 200 closed flat, up 1 point to 7325, after jumping over 50 points in early trade before unemployment data dampened the market’s mood.
End Of Day Report Thursday
The ASX 200 closed flat, near unchanged, up 1 point to 7325, after jumping over 50 points in early trade before unemployment data dampened the market’s mood raising bets of further tightening from the RBA. The Aussie dollar jumped 0.6% to 68.15c, clawing back recent losses, and bond yields rose with 2Y yield up 12bps,…