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…
SUMMARY The Sugar hit didn’t last long. The Fed confirms its hawkishness. Taking some profits on our ideas. Let's quit whilst we're ahead. Bailing on BHP and MQG – let’s wait for some momentum. Not brave enough to try SNAS or BBUS. A STOCK TAKE on JBH – great stock, decent yield, but not a…
SUMMARY Wall St closed – not much to go on. The RBA pause – Short term sugar hit. Big Tech – how overvalued are they? Chinese PMI numbers disappoint. STRATEGY PORTFOLIO Nothing to report – I have to say, I feel like it's a matter of "When do we sell the US" rather than "What…
The RBA has left rates unchanged. Looks like they have taken on board last week's lower than expected CPI number – theire hawkishness appears to have been significantly tempered. They say inflation is only "slightly" higher than expected and due to temporary factors. Goodness – a lot less hawkish than expected. Runs against the Fed…
MAIN EVENTS US Markets are on holiday on Tuesday July 4th and close early on Monday. A lot of Americans are on holiday this week. RBA Interest Rate Decision Tuesday. FOMC Meeting Minutes Thursday. US Nonfarm Payrolls and Unemployment Rate Friday. ECONOMICS Australia – Building Permits Monday and Balance of Trade Thursday. US – Manufacturing…
SUMMARY Today’s observations: Doing Weekly and Daily signals now. Weekly are more appropriate for investors, Daily for traders. US markets and Technology overbought on weekly charts – ACDC, NASDAQ, QLTY, RBTZ, FANG+, LNAS, IVV (S&P 500), IOO (Global stocks ETF), Oversold – Gold and the GOLD ETF. Buy signal on NEU which is a bit…
SUMMARY I have listed Weekly (for investors) as well as Daily (Better for traders) signals today. After a solid rally on the ASX yesterday there are more buy signals than anything else. Some Retail sector buy signals today. Weekly Buy signals – BOQ, HVN, IPL, PMV. Daily Buy signals – FLT, LOV, PMV, AX1, ADH,…
SUMMARY Was that the end of the selling? Macro Blah Blah. CPI Today. SNAS Bears going to get clipped today. Short term versus long term Technical Signals. BREAKING NEWS The CPI number is well below expectations. Just what we wanted and will help reverse this recent sell-off. May CPI +5.6%, well below the 6.1% expected…
