Members Podcast Friday – Last trading day before Christmas
Our market quiet as you’d expect – no follow through on yesterday’s selling
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…
All three major US Indices nosedived overnight, breaking the nine-day winning streak, which began with the Fed’s pivot last week. Equities veered lower around 2:30pm after commentators warned of a pullback. The Dow finished near its worst levels, down 476 points (-1.27%). Up 83 points at best. Down 485 points at worst. The S&P 500…
Trimming the decks.
The day has come in lithium.
Target reached,happy to bank some money.
When Talking Heads speak should we listen?
Timing the Market.
101 stocks in the All Ords overbought today on a daily basis. Expect quite a few sell signals tomorrow.
Technology Sector with a daily sell signal.
PME with a daily sell signal.
REA hits a 52-week high. Up 62% this year.
ASX overbought on a daily basis.
The Dow Jones slid 475.9 points to 37,082. The Nasdaq was lower by 1.50% to 14,777.94.S&P 500 fell 1.47% to 4,698.35 worst day since September.
Wall St traders take profits for the sake of it.
Consumer Confidence rises more than expected.
UK inflation falls more than expected.
Bond yields continue to fall.
The market holds the line despite Wall St selling off – end of the rally, or a one day abberation?