SUMMARY EOS escapes yesterday’s sell-off. Up 3.2%. No change. AD8 fades from a positive open. No sell signals but is struggling to print a short-term EMA buy signal. No change to TWE, needs a bull market, not this high volatility environment. Oil and Gold caught up in the big energy and commodities sell-off. Nowhere to…
Chips going cold – Nvidia down 16.1% in three days. Big Tech Blip or Big Tech Top? Stepping back anyway. SELLING HNDQ and FANG in the Strategy Portfolio. Bonds behaving – Inflation numbers coming. Paladin acquisition. Small Caps Portfolio – Taking profits in DRO. ResMed research still hopeful. Education Corner – Having trouble selling?
The ASX200 has finished the day up 105 points (1.36%), bouncing back strongly from yesterday’s sell-off. The Energy sector went from worst to best following the overnight oil price rise and bargain hunters circling in. WDS up 3.7%, its best session of the year and KAR up 2.3%. Real Estate was next as bond yields…
US markets closed mixed following the “triple witching”, a quarterly event that saw ~$5.5tr in derivative contracts expiring. This increased normal volume, over 55% above the three-month average. The S&P 500 and NASDAQ fell 0.16% and 0.18%, weighed down by losses in Nvidia (-3.2%). Now 10% off its top. Big Tech behaved, Big Chips down.…
COMPANY NEWS Pilbara Minerals (PLS) has mixed broker reviews following the companies Pre-Feasibility plans released last week. The capex requirements for the mine expansion beat expectations but forecasts like these only have an ~30% cost accuracy on average. Morgans is the only broker to cut its target price from $5 to $4.65 (still highly optimistic).…
SUMMARY Market behaving. No change to Trading Ideas after a quiet night in the US. Gold and oil both down. Not good for NST, EVN or WDS. Will see how they hold up today. Expecting more volatility from EOS. Raised its stop loss on Friday. AD8 up 0.7% for the week. Patiently waiting for the…
Wall Street ended mixed following the “triple witching”, a quarterly event that saw ~$5.5 trillion in derivative contracts expiring. Trading volumes exploded, with nearly 18bn shares changing hands on US exchanges, over 55% above the three-month average. The S&P 500 and NASDAQ fell 0.16% and 0.18%, weighed down by losses in Nvidia down 3.2% falling…
MARKET STUFF Here are the scores on the doors for overseas markets and sectors this week. Not very exciting. Our market up 0.93% for the week with the Dow Jones up 1.45%, the S&P 500 up 0.61% and the NASDAQ flat on the week. A bit of a worrying tip over in the US technology…
Wall Street ended mostly mixed overnight. The Dow Jones outperformed, advancing 300 points (+0.77%). Up 398 points at best. Down 56 points at worst. The S&P 500 briefly topped 5,500 points for the first time ever. A year-end target multiple brokers have forecasted before losing traction, falling 0.25%. The NASDAQ fell 0.79%, snapping a seven-session streak of record…
