All major US indices were up overnight, boosted by stronger-than-expected earnings results from heavy-weight banks and AI stocks. The Dow rose 367 points (+1.06%). Dow at worst down 55 points. Dow at best up 401 points. S&P 500 up 0.71%. NASDAQ up 0.76%. USD slid to a 15-month low before rebounding as futures point to…
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 buy…
All major US indices were up overnight, boosted by stronger-than-expected earnings results from heavy-weight banks and AI stocks.
SUMMARY A look at CSL after the shock has subsided. Time to buy? We always talk about buying never selling? Should that change? IVC drops on no news on TPG takeover. Do we really need a bazooka, isn’t a sniper better? SMALL CAP PORTFOLIO 2.30pm Update – Volumes remain light and my ambition is low.…
SHOW ME THE MONEY SUMMARY Microsoft points the way with its Copilot. The Killing Season approaches. What to expect from results season. CTD is it one to surprise? Another solid night in the US. Seventh straight day of gains. It can stay overbought remember. Yesterday I talked about the Canary in the Coal Mine. Microsoft.…
MARKET AT MIDDAY The ASX 200 is up 38 points to 7322 (+0.5%) opening with a 0.6% increase, following the positive momentum from Wall Street. Most sectors showed gains, particularly the energy and financial sectors. Ampol (ALD) rose 4.9% after announcing an expected EBITDA of $800m for the first half of the 2023 fiscal year. Northern Star Resources (NST) experienced a significant drop…
ASX 200 up 40 points to 7324 (0.6%) in quiet trade again. Lacking conviction. Narrow range and once again banks leading the way higher.
The ASX 200 Index is down 32 points to 7266 (-0.4%) experiencing a 0.1% decline at open, falling below 7,290 for the second consecutive session. The drop was influenced by losses in mining and energy stocks due to weakened iron ore and oil prices after softer Chinese economic data. Selling increased following the RBA minutes as it said more rate…
ASX 200 slid 15 points to 7284 (-0.2%) after an early loss kicked on by RBA minutes reminding all that there could be more rate rises to come. Banks held up with the Big Bank Basket up to $176.79 (1%). NAB led the charge higher, up 2% with ANZ up 1.7%. Insurers too in demand, QBE up 0.4% and some buying in financial services with GQG up 1.3%. ASX continues to struggle…
