Fed Predictable – Dovish if anything. Still got our finger on the trigger but haven’t pulled it yet. NAB Results look OK – share buyback increased. Dividend flat. US market popped and dropped. Bit weird. Apple tonight, Macquarie tomorrow. RBA Tuesday. What’s next after Big Tech results. Into the void. Education Corner – Corrections are Great! And what to do about them.
SUMMARY Strong sell-off yesterday. Trading is a balance of probabilities and currently we are going against the tide. Tempted to cut all trades and watch from the sidelines until normal service resumes. Holding for now, ready to pull the trigger. Uranium the only sector going up. BOE and PDN rising 4% and 5% yesterday. Gold…
ASX 200 rallies 17 points to 7587 (+0.2%) as banks take heart from NAB result and new $1.5bn buyback. NAB up 1.5% and the Big Bank Basket up to $203.54 (+1.0%). MQG rallying 1.2% ahead of its results tomorrow, with NWL also doing well up 2.0%. Insurers eased back. REITs slightly better with GMG up…
Elliott Waving at us again – Was that “B”? Waiting for the Fed and Apple before selling. Looks like the top is in. But waiting for Friday. WOW sells $500m of EDV and offers capital return – desperate to impress. Sell in May and go Away – Fact or Fiction (Fact today). Subtle changes to our sections today.
ASX 200 falls another 94 points to 7588 (-1.2%) as US markets fall ahead of FOMC meeting results. Banks eased with results in focus, NAB flat with the Big Bank Basket down to $201.58 (-0.4%). Insurers slipped, with QBE off 1.2% and SUN down 2.3%, with other financials easing MQG down 0.9%. REITS slipped slightly, GMG…
MAYDAY MAYDAY MAYDAY After a 14.3% rally in the ASX 200 since November last year are we set up for a repeat of the old adage "Sell in May and Go Away"? I have written about the “Sell in May and go away” concept every May and make the regular comment that the only reason…
Back on Deck. Nasty day in store. Is this another BTD? Copper stocks in demand. BHP – It’s complicated. AZS – Winner. Selling at 369c.
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
US equities ended higher overnight, building on last week's gains, in a mostly uneventful day of trading as the market prepares for another big week of earnings reports and the Fed’s rate decision (Hold expected). The Dow ended near best levels, up 146 points (+0.38%). Up 167 points at best and down 24 points at…
