Technical Scans
TECHNICAL SUMMARY
NASDAQ hovering at the top of its medium-term downtrend.
WDS oversold on a daily basis after oil’s sell-off.
Nickel hits at 52-week low.
Strategy By Henry – Alert but Not Alarmed
SUMMARY
Alert but not yet alarmed.
Powell turns hawkish.
Bonds fall as US Auction disappoints.
No need to change strategy just yet. A pause to reflect or a peak?
Henry’s Take – The Honeymoon is Over
SMALL CAP PORTFOLIO 2.50pm Update NEU continuing to fire. May have missed it slightly in DYL as i was hoping to get set around 100-110c. Maybe next week. IVZ looking a little better. Lithium not so. looks like some punters taking profits off the table in IMU after a good week. No changes to the…
End of Day Report Friday
ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of the weekend. Broad-based losses across most sectors, except iron ore and gold. Banks eased back with yields pushing higher, CBA down 0.8%, and NAB suffering from some downgrades falling 1.7%. The Big Bank Basket slipped to $176.11 (-1.1%). MQG eased…
End of Day Report Thursday
ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and…
Henry’s Take – XRO in Spotlight – Maybe an Opportunity
SMALL CAP PORTFOLIO 2.45pm Updates XRO – Just watched the CEO on CNBC being interviewed. Didn’t give much away. Ironically the stock falls after making a profit. Below $100 now. Breaking down. Nothing done in the Portfolio. DYL slipping nicely towards 110c and hoping for more weakness. 100c is my price to get interested in…
Strategy By Henry – Stay Long
SUMMARY No change in portfolios. A catch up with some stocks. QAN and 'The Man Who Wasn't There'. The problem is not just interest rates, it is the debt that will kill you. Ask WeWork How did we come up with 2-3% anyway. State of US debt. Be careful what you wish for with the…