SHOW ME THE MONEY SUMMARY Microsoft points the way with its Copilot. The Killing Season approaches. What to expect from results season. CTD is it one to surprise? Another solid night in the US. Seventh straight day of gains. It can stay overbought remember. Yesterday I talked about the Canary in the Coal Mine. Microsoft.…
SUMMARY Sticking with US positions ahead of earnings season ramping up. Tesla and Microsoft the first techs to report. No positions in BHP or MQG in the One Stock Portfolios Where to for the ASX 200 after a 3.7% rise last week. Consolidation the name of the game. Resources continue to side on Chinese GDP…
The ASX 200 closed flat, down 5 points to 7299 (-0.1%), after clocking its best weekly gain since November amid hopes the RBA Meeting Minutes tomorrow may hint to more clues for the interest rate trajectory and the RBA is nearing the end of its tightening cycle. Healthcare led the market today, helping offset losses…
A solid week for all markets last week on the back of a lower-than-expected CPI number in the US, followed by a similarly lower-than-expected PPI number (lowest in 3 years). The ASX 200 was up 261 points, taking it up 3.70% with a close above 7300. The ASX 200 is 4.5% away from the top hit four times in the last two years. It’s quite some resistance level. The Dow Jones put on 774 points (+2.29% – but it’s a rubbish index), and the S&P 500 and NASDAQ put on 2.42% and 3.31% as Tech responded to lower bond yields.
SUMMARY Tech unstoppable – Is the bubble ever going to burst? Maybe it's not a bubble. Coming results are all important. Year highs for the NASDAQ and the S&P 500. Year highs for Tech ETFs – HNDQ, ACDC, DRIV, TECH, DRIV. Overbought Tech – NASDAQ, HNDQ, NDQ, FANG, SEMI, RBTZ, DRIV, IPAY, CRYP. Oversold –…
SUMMARY Good CPI – the Fed finally getting on top of the curve. Looking a bit silly in cash. US Dollar down, Bond yields down, Markets up. A US rate rise inevitable this month – Goldman’s say one more and hold. Focus also moves to US results this week and next. Resources had a good…
SUMMARY NASDAQ and Tech based ETFs (FANG, NDQ, SEMI, DRIV, CLDD, ACDC) still overbought. S&P 500 ETF overbought as well. Overbought stocks – MP1, NCK, TPW and the usual suspects LRS, IAG, MMS, XRO, AGL. Oversold stocks – CSL, AMC, TWE. Buy signals – The Dogs are barking – BOQ, PMV, IPL. Short term buy…
Dow Jones down 187 points (-0.55%). It was down 206 points at worst and up 114 at best. NASDAQ down 0.13%. S&P 500 down 0.29%. The US jobs numbers came in a bit better than expected, but inflation concerns remain as wage growth (4.4%) is inconsistent with the Fed's inflation target (2%). The oil price…
SUMMARY The Glass Half Empty factors listed. Cashed up nicely yesterday. The One Stock Portfolios are both back in cash. The No Ideas Portfolio is a “No Ideas” portfolio once again. The Ideas Portfolio dilemma – to SNAS, BBUS, to BBOZ or BEAR? Jobs numbers tonight could go either way. More risk than reward. US…
