ASX 200 falls another 94 points to 7588 (-1.2%) as US markets fall ahead of FOMC meeting results. Banks eased with results in focus, NAB flat with the Big Bank Basket down to $201.58 (-0.4%). Insurers slipped, with QBE off 1.2% and SUN down 2.3%, with other financials easing MQG down 0.9%. REITS slipped slightly, GMG…
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…
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.
ASX 200 is up 27, closing on its high – lots of hurdles tonight – Eurozone CPI and GDP, US ECI, Consumer Confidence and House prices, Amazon, AMD, Eli Lilly, McDonalds and Starbucks results.
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…
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.
US equities ended higher overnight, building on last week's gains, in a mostly uneventful day of trading as the market prepares for another big week of earnings reports and the Fed’s rate decision (Hold expected). The Dow ended near best levels, up 146 points (+0.38%). Up 167 points at best and down 24 points at…
The ASX 200 has closed up 27 points to 7932. Weak Retail Sales numbers (down 0.2% in April v consensus +0.4%) too the pressure off the RBA next week. Good Chinese PMI numbers helped resources ahead of the Chinese three day holiday from May 1-3 (rest of the week). ASX 200 closed near the high…
A host of quarterly production numbers. Good Chinese PMI numbers help resources. Retail sales numbers take the pressure off the RBA.
