Wall Street closed in the red overnight as markets remain cautious ahead of PCE inflation data tomorrow that could influence the Fed’s rate cut decisions. The Dow slipped by 0.06%, the S&P 500 by 0.17%, the NASDAQ by 0.55%, and the Russell 2000 by 0.77%. Market activity was subdued, with no specific catalyst driving the…
Reporting season theme is CONTROL. Added DXB yesterday – How options work.
SUMMARY Two new trades today: LLC and BOE. Adding using opening prices. MQG runs into resistance. Cash. No change to BHP. JBH prints a weekly sell signal after its excellent run. Up 44% in the last year. China focussed A2M and TWE overbought after a recent (potential) renaissance. ALL hits a 52-week high. OBSERVATIONS Two…
Two new trades today. See the Trading Section. Uranium stocks bottoming. NextDC – big win on results yesterday up 13%. Last day of the results season. Phew. RHC, ALX, KAR, PTM today. US PCE price index numbers tonight. Lots of ex-dividends on the calendar – PME, MPL today. ASX, SHL, MIN tomorrow. Bitcoin – hate to tell you – it’s going up. Lithium stocks tickling higher again. BHP and RIO lower in the US – Chinese PMI numbers tomorrow.
ASX 200 shrugs off early weakness to close up 38 points at 7699 (+0.5%). So close. Good gains in industrials, led by WES up 1.1%, ALL up 1.5% and supermarkets COL and WOW better. Banks were flat, the Big Bank Basket flat at $205.05 (+0.4%). MQG kicked 0.6% and QBE up 0.5%. REITs firm with…
Wall Street finished mixed overnight, recovering from earlier losses. The Dow lost 97 points (-0.25%), S&P 500 up 0.17%, NASDAQ gained 0.37%, and small-cap stocks performed well, building on yesterday's gains with the Russell 2000 gaining 1.34%. January durable goods orders declined notably, mainly attributed to weak Boeing orders, while February's consumer confidence was below…
SUMMARY Iron ore up. BHP remains in downtrend. Not buying. MQG up another 0.8% yesterday vs the market up 0.1%. Staying in cash. EVN continues its downtrend after going ex-dividend yesterday. ALU remains heavily overbought after its takeover bid. JLG gets hit hard on results, down 13%. ADH backs up its 15% results rise with…
Added TYR at 103c. Looking at JLG and NEU ZIP – Target achieved – Some thoughts. Speculative Stock of the Day – DXB Adding today
Us Markets holding at highs – Some big ex-dividends today – Last two days of results – CPI numbers today
