Wall Street finished higher overnight despite rising bond yields. The Dow Jones finished near best levels, up 43 points (+0.13%). Up 54 points at best. Down 183 points at worst. The S&P 500 snapped a four-day slide, rising 0.40%, and the NASDAQ ended the day 0.45% higher, with Amazon gaining 1.7% after the company announced…
SUMMARY Government bodies expressing Chinese economic concerns – bit odd. Iron ore tops out – Wouldn’t be buying resources. Higher for Longer means lower for longer. The Six Traits of the Retiree investor. Lithium down. Cobalt is going nowhere until 2027. Lithium down again. Rare Earths supply doubles in China. Inflation hurdles this week. MARCUS STRATEGY No…
A lot of oversold stocks – a Buy signal on Telstra – sell signals on US markets
The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures fell. Almost all sectors finished in the red. Healthcare the top performer today. RMD bounced, up 2.3%, RHC up 0.9%, and CSL gained 1.0%. Financials gained ground in afternoon trade, finishing in positive territory. The Big Four Banks were mostly up. ANZ…
SUMMARY US markets are topping out on weekly charts. There are some daily buy signals, but not sure you bother in this market trend. A number of US Tech ETFs now topping out – GAME, CLDD, ROBO. Uranium is still overbought. REITs join Healthcare as an oversold sector. Those weekly sell signals on the US…
Dow Jones down 107 points on Friday in a narrow range. Wall Street was up 86 at best and down 123 at worst, closing near its lows. S&P 500 down 0.3%. The NASDAQ down 0.09% where it was up almost 1% for most of the morning trade before losing all gains in the afternoon. US 10 and 2 year bond…
Sell signals on Big Tech – has the only trade in town been Terminated? Today we find out if that 109 point bounce in the ASX 200 on Friday was a turning point or just one good day in a downtrend. Will the Resources buying follow through today? Will the Lihtium stock bounce carry on?
The ASX 200 kicked off the week on a positive note, up 8 points, recovering all of the morning losses and finishing at 7077 (+0.1%). Major sectors finished mixed today. Tech stocks were the star performers, buoyed by lower bond yields and an uptick in NASDAQ futures. WTC up 1.6%, XRO gained 2.0%, while SQ2 lost 1.8% down for its seventh consecutive session. All-Tech Index up 1.2%. A…
