US stocks finished sharply higher overnight, winning back much of the previous day’s losses after fresh economic data revealed the US economy grew weaker than expected, feeding optimism the Fed would ease rates early next year, reviving investor risk appetite. The Dow Jones rose 322 points (+0.87%), finishing near its high of +337 points. S&P…
Trimmed the halls.
HZR going well.
Is PLS still the way to go?
Is retail having a bad Xmas?
Xmas thoughts
TECHNICAL SUMMARY A few sell signals after yesterday but nothing major. 76 Stocks still overbought in the All Ords. MQG overbought on a daily basis, middle of long term trading range. Healthcare Sector remains heavily overbought. ALD hits a 52-week high. KMD hits a 52-week low. OBSERVATIONS A few sell signals after yesterday but nothing…
The Wall Street sell down didn’t follow through – back to normal.
Our market quiet as you’d expect – no follow through on yesterday’s selling
ASX 200 finished flat at 7502, down 3 points. Xmas apathy took over despite a rally on Wall Street. Inflation numbers tonight, but not expecting much. Banks were flat, with the Big Bank Basket down to $189.53 (-0.1%). The $190 level has been resistance in the past. Financials also slipped. MQG down 0.5%, with insurers…
The market holds the line despite Wall St selling off – end of the rally, or a one day abberation?
