US equities closed out October on a positive note, with all major indices finishing in the green. The Dow Jones traded in a narrow range before closing near best levels, up 124 points (+0.38%). Up 141 points at best. Down 142 points at worst. The S&P 500 and the NASDAQ gained 0.65% and 0.48% respectively.…
IMARC DAY 1 – Huge Conference A focus on Graphite and Uranium.Some for your watch list.’Nearology’ rules! Is this lithium short real? Despite all the depression surrounding lithium stocks, MIN buys 19.85% of WC8 ‘The Call’ today at Noon on Ausbiz Ask the Analyst Friday at 5.30pm
US equities rallied overnight, with all three major indices finishing up more than 1% following last week’s sell-off, kicking off a busy week of earnings reports, economic data and the Fed’s FOMC meeting. The Dow traded in the green all day, finishing near best levels, up 511 points (+1.58%). S&P 500 rose 1.2%, and the…
Sold some more IVZ yesterday at 26c. Great result. Up 87%. HZR slipping away. Still interested on a pullback. CHL – Adding this one following quarterly. Lithium – dead and buried? Conflicting signs. Ausbiz tomorrow. IMARC kicks off today.
TECHNICAL SUMMARY 68 stocks in the All Ords hit their 52-week low yesterday. MQG included in the list. NASDAQ up overnight, but finished last week down 12% from the high in July. Industrials Sector oversold on a weekly basis. SQ2 hits a 52-week low following the NASDAQ lower.
MARCUS STRATEGY – LESS PESSIMISM A better night but not buying – Less pessimism does not equal optimism. Lots of Technical support levels breaking. Bond yields keep rising despite a sharp drop in the oil price. Lots of central bank action this week. Good excuse to do nothing.
ASX 200 up 26 after a 500 point rally on Wall Street – hard to buy this downtrend.
The ASX 200 finished near flat, up 8 points to 6781 (+0.1%) as an early rally reversed. Resources stumbled lower as gold miners slid, EVN off 1.1% and NST down 3.3% and economic data from China disap
We gave away a 43 point gain – Chinese PMI and rate rise risk did for the market today
