The S&P 500 edged up 0.06%, hovering near the historic 5,000-point mark, driven by earnings releases, a largely steady jobs report, and commentary from policymakers regarding potential interest rate adjustments. NASDAQ rose 0.24%, and the Dow Jones climbed 49 points. Up 78 points at best. Down 133 points at worst. The Russell 2000 and the…
SUMMARY S&P 500 overbought on both a daily and weekly basis. Real Estate Sector hits a 52-week high. No change to MQG. Iron ore rises to a one week high. Chinese support limited. Staying in cash for BHP. IZZ down 1.3% yesterday but chart still looks fine. HOLD. Oil has a big rise over 3%. US…
2.30pm Update Nothing done in LTM as it headed higher. Lithium stocks trying to find a low. LTR – On a roll as the Gina Reinhart 'no move' period comes to an end. What happens now? Good question. DRO continues to power higher. Was a recommendation some time ago after we did a podcast with…
SUMMARY SPI futures flat. Wall St near flat. A look at REA and COH results. Buying NDIA in the Strategy Portfolio. Happy to remain fully invested in the Strategy Portfolio. Some big names to report next week. ArcelorMittal upbeat on Iron Ore ex. China. BULLETS SPI futures flat. Wall St near flat (Dow up 50 points…
ASX 200 managed to eke out a 6-point rise to 7645 (+0.1%) in relatively stable trade. Results kicked off this week and plenty of stock volatility to keep us amused. Mixed session with banks flat, Big Bank Basket back above $200 (+0.1%). MQG down 0.2% and GQG seeing some end-of-week profit-taking. REITs are back in demand…
All three major indices in the US finished in the green overnight, with the S&P 500 achieving a new record closing high. The Dow Jones gained 156 points (+0.4%), the S&P 500 rose 0.82% to close at 4,995.0, just shy of the 5,000 mark, while the NASDAQ Composite advanced 0.95%, approximately 2% below its Nov-2021…
AQZ – Results. Added PMT yesterday. GQG up 16.5% in a week. DEV in Uranium Strategy – The juggernaut rolls on. Year of the Dragon.
SUMMARY The Wall of No Worries – Until we find something to worry about – it's all-time highs. Buying back WOR in the Growth Portfolio. Down 7% since selling and has bottomed. Coming up – China on holiday tomorrow, Bank results and a US CPI number. US Results getting less significant by the day. SNAP…
SUMMARY Iron ore rose overnight (more China stimulus promises) but fell in January. Staying in cash in the BHP OSP. MQG long and looking good. WDS merger cancellation pricks up the share price. IZZ off to a reasonable start. LTR prints a daily buy signal, thought about adding PLS for a trade. Too risky with…
