Henry’s Take – Commodity Boom Continues!
Added two holdings under takeovers.
Macro factors at work in the US. CPI and PPI.
US yields hit 2024 high.
Zinc stocks. One to watch.
END Of DAY Report
The ASX 200 rises 16 points to 7789 (0.2%) in quiet range bound trade. Solid across the board except oil and gas with WDS easing 1.6% and STO down 1.0% as oil drifts lower on diminished risks. Coal stocks better, Gold miners kicking higher, NST up 2.0% and NEM rocketing up 6.6%. GOR and GMD also…
Henry’s Take – US Jobs Soar – Fed in No Hurry
US Big Picture. Where to for ASX 200?
Gold! Gold! Gold!
APM Bid at 140c subject to conditions.
US Check-Ins.
Uranium back. New podcast may help.
Ask the Analyst podcast available.
Trading Section
SUMMARY Buy the dip prevails again. US markets bounce, SNAS to suffer. Stop loss set at 3 x ATR from recent high at $1.735. Glad we're still in oil and gold. BGL and NST performing well today. KAR lagging. No other changes to trades or One Stock Portfolios.
Pre-market Report
US markets bounced from Thursday losses after economic enthusiasm eclipsed concerns of the number of rate cuts expected this year. The Dow Jones rose 307 points (+0.80%), the S&P 500 gained 1.11% and the NASDAQ rose 1.24%. US non-farm payrolls rose by 303k jobs in March (vs 200k forecast), the biggest monthly gain in ten…
Members Podcast This Week
All of this weeks Members Podcasts in one place.
Marcus Weekend
I (almost) never want to wake up to a market that's dropped but it would have made us look clever having taken a few profits yesterday and bought a trade in SNAS. I'll just have to pretend I knew that was going to happen and that we're still right. Even though we're going to look…