MAYDAY MAYDAY MAYDAY After a 14.3% rally in the ASX 200 since November last year are we set up for a repeat of the old adage "Sell in May and Go Away"? I have written about the “Sell in May and go away” concept every May and make the regular comment that the only reason…
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
We are looking at increasing our uranium exposure today after having such success in PDN. The bullish market showing no signs of slowing as spot prices return to $90. Boss Energy (BOE) and NexGen Energy (NXG) are two we will look to add in the Growth Portfolio with a 2.5% weighting each. NXG has results…
Back on Deck.
Nasty day in store. Is this another BTD?
Copper stocks in demand.
BHP – It’s complicated.
AZS – Winner. Selling at 369c.
Elliott Waving at us again – Was that “B”? Waiting for the Fed and Apple before selling. Looks like the top is in. But waiting for Friday. WOW sells $500m of EDV and offers capital return – desperate to impress. Sell in May and go Away – Fact or Fiction (Fact today). Subtle changes to our sections today.
A busy night in the US – not quite a “Big Bad Day” – all eyes on the Fed tonight and the Apple resutls on Friday. NAB interims tomorrow. Macquarie on Friday.
A Few Changes in this section. US Market Holds up. The lull before the storm this week. Busy week – Fed Meeting. Jobs numbers. Banks results. Big Tech results. EU CPI. Need a catalyst for the NASDAQ to keep going post Big Tech results. Eliott Wave anyone? Hope not. Banks and Macquarie – Results coming. Not buying yet.
One Stock Portfoliios – Still in cash.
SUMMARY SFR finally kicks into life. Raising stop loss again. BPT has a good day while WDS, STO and KAR all fall. Brokers hold target prices. Moving the One Stock Portfolios to Marcus Take to better reflect the longer-term trading we are targeting. Not to say we aren’t prepared to hold stocks in this section for longer…
