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…
Wall Street rose overnight, buoyed by gains in mega-cap tech stocks and a fall in US treasury yields. Dow Jones rose 57 points (+0.17%). Up 111 points at best. Down 69 points at worst. The S&P 500 and NASDAQ notched their longest winning streak in two years, up 0.28% and 0.90%, respectively. The tech sector…
SMALL CAP PORTFOLIO 2.30pm Updates Nothing done in the Portfolio. WBT going well. Almost tempted to take the money. Almost. CEO is heading to Australia so more interest maybe. ABB and MP1 doing good things too. Optus outage helps ABB. Broker upgrades on Iron ore price been a kiss of death. Usually happens. Speculative Stock…
SUMMARY
No change. Stay long and sing a song for now. I have the conch.
Does the RBA really matter?
Santa Claus rally? Two for your stocking.
TECHNICAL SUMMARY
Not many hits today illustrating the market has come off last week’s oversold levels.
S&P 500 breaks down-trend.
MQG hits another 52-week low.
ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from…
