SUMMARY MHJ rises 46% in less than two months. A look at the chart and numbers. Sold SNAS yesterday, too soon to say if it was the right call. Tesla disappoints, Alphabet posts solid numbers but limited AI guidance. GMG prints a weekly sell signal. It’s short-term future will be heavily influenced by big tech…
SXE has left the building – Patient Required. No cash – Just card! SQ2? PLS – Quarterly looks good on many fronts,not lithium price.
ASX 200 down 7 points in range-bound trade as we watch and wait (for what?) The index fell to 7964 (-0.1%), with banks steady, CBA down slightly, the Big Bank Basket at $228.39 (0.1%). Insurers did well, QBE up 0.4% and SUN up 1.3%. REITS got whacked led lower by GMG down 2.1%. Industrials a little…
US equities rallied overnight, rebounding from their worst weekly performance since April. The Dow halted a two-day skid, rising 128 points (0.32%). Up 185 points at best. Down 65 points at worst. The S&P 500 and NASDAQ rose 1.08% and 1.58%, respectively, led by gains in the “Magnificent Seven”. Russell 2000 advanced 1.66%, and Wall…
SUMMARY SNAS set for its first down day in a week. Selling today. Last night’s bounce indicates enthusiasm for big tech remains. WBC prints both a daily and weekly sell signal. Doesn’t look like a significant top just yet. CSL prints both a daily and weekly sell signal. On a daily chart there is no…
Good news from ARU this morning. Plenty of quarterlies in small caps. DRO sees downgrades after another horror day yesterday. Hello Volatility, my old friend!
Solid tech bounce. Politics taking back seat to tech earnings reports now. Some caution perhaps required locally as quarterlies point to a slowdown. Indian Budget.
ASX 200 rises 39 points to 7671 (+0.5%). Banks and industrials lead the market back from Monday’s loss. CBA up 1.1%, NAB up 1.2% and the Big Bank Basket up to $228.53 (+1.1%) Insurers and other financials also doing well. QBE up 0.5%, and SOL up 0.9%. REITS a little mixed, GMG down 1.0% but…
ASX 200 rallies off lows to close down only 40 points at 7932 (0.6%). Broad based losses following US weakness Friday. Banks saw sellers emerge with the Big Bank Basket down to $226.16 (-0.3%). ANZ and NAB the worst hit, MQG lost 0.5% and QBE off 1.1% with financial generally weaker. REITs slipped slightly as…
