SUMMARY Iron ore down 3.8% last night, yet Materials and Tech lead Wall St higher. Keeping CIA a little while longer. No change to SFR. Gains in big tech will reinforce the future energy, electrification positive sentiment. KAR and WDS mixed yesterday. Oil up 0.7% overnight after a large draw in crude inventories. AD8 poised…
US equities ended mixed overnight. The S&P 500 and NASDAQ record a fifth and sixth straight record close, up 0.07% and 0.14%. Gains marked the S&P 500’s longest winning streak since January, buoyed by Nvidia +2.5% and Powell’s testimony to the Senate Banking Committee. The Dow lost 53 points (-0.13%), paring earlier gains. Up 147 points at…
The ASX 200 has finished the day down 13 points (-0.16%) to 7817 in mixed trade which saw a recovery from opening lows. Telecom was the best performer for a second day in a row thanks to TLS rising another 2.4% on positive broker commentary. Industrials rose as a drop in bond yields took TCL…
The S&P 500 hits its 35th record high this year, up 0.10%. The NASDAQ notched its fifth consecutive record high close, up 0.28%, buoyed by chip stocks. Blue chip Dow Jones edged lower, down 31 points (-0.08%). Up 279 points at best. Down 97 points at worst. Nvidia gained 1.9% after UBS raised its target,…
I received an email once from a Member annoyed about the market. It went something like this. “What in hell is going on? In my view the stock market is becoming no place for retiree investors. It’s being influenced by too many forces outside our control or knowledge, things like shorting, computer based transactions, high-frequency…
SUMMARY Sold BOE yesterday at a loss. Manages a late bounce but too much risk for us to hold on. A note on Stop Losses. A note on the Trading Section. No change to AD8. A solid performance yesterday. Moving back towards the middle of its recent trading range. Raising TWE stop loss to $12.07. Volatility…
SUMMARY Not much going on – Waiting on Powell, US CPI and US Results. European Politics over. US Politics begins. Still not re-buying Big Tech. Losing momentum. That Resources sector rally was short-lived. Back in your box. Broker Research on the Banks. They wouldn't buy them up here. Education Corner – All about Computer Trading…
The ASX 200 has finished the day up 67 points (+0.86%) to 7830 in a broad rally covering all sectors. Telecom finished on top thanks to Telstra’s 2.2% rise. Phone plan price increases announced from August. REA, CAR, and TPG joining in. Up 2.2%, 0.7% and 1.1%, respectively. Financials were next best as the CBA…
US markets finished the week at all-time highs as traders ignored signs of a slowing US economy and focused instead on Fed rate cut expectations. In low volume, the S&P 500 and NASDAQ hit record highs, advancing 0.90% and 0.54%. The Dow was little changed, up 68 points (+0.17%). Big Tech fuelled the rally, Microsoft…
