SUMMARY FANG trade off to a good start. Heading parabolic. Beneficiaries of China stimulus rise. Not convinced enough to buy back BHP yet. MQG holds above resistance level. The ASX 200 heads back up to resistance for the sixth time. KGN prints a daily buy signal after firing higher yesterday. TECHNICAL OBSERVATIONS FANG trade off…
SUMMARY And so it goes on – Wall St still behaving. Dominos Fall. Lessons from DMP. Is the CBA expensive? More on Lithium. Bought FANG yesterday. Bought Macquarie again yesterday. BHP turning but still not buying. Answering a few Member’s questions today. STRATEGY PORTFOLIO Reasonable night as the big tech rumble continues. Strategy portfolio well…
Lessons from Dominos, is the CBA Expensive, more on Lithium and plenty more.
ASX 200 closes up 36 points in another strong day at 7556 (+0.5%) on Chinese stimulus hopes. The index is up 2.8% since last Friday. Resources were passed the baton today, with quarterlies dominating too, FMG leading the iron ore stocks higher up 2.0%, production numbers beating expectation, Iron ore picking back up in Asia,…
A look at two biotechs vying for superhero dominance. Sold TLG and eased risk on KAR. 40 years ago today, 1984 saw the launch of something big.
Netflix up 8% after hours on results. Everyone wants to believe in Big Tech. Why argue? Adding FANG in the Trading Portfolio. It’s a gamble. Not for everyone. Record highs in the US again. Big Tech carrying the rest. New Hampshire primary is likely to see Trump emerge as the presumptive Republican candidate. Lithium Guesswork – and the best guess is “more pain”. Nickel the example. Banks boosting our portfolios. A look at the numbers. Uranium – one broker says it’s going up and up.
The ASX 200 has finished near flat, remaining close to unchanged since midday. Individual stocks had a different story with plenty of volatility around during confessions and results season. NAN was the worst performer in the All Ords, falling 33.4% as revenue dropped and costs rose. KGN was one of the standout performers, rising 14.9%…
SUMMARY Adding FANG to the Trading Portfolio. Iron ore up on renewed Chinese stimulus. Will BHP start a new uptrend? China ETFs print daily buy signals. MQG breaks resistance. Time to get back in. WES prints a daily sell signal. COH hits a 52-week high. Adding FANG to the Trading Portfolio to get some big…
Wall Street closed mostly higher overnight on continued tech enthusiasm and the upcoming “magnificent seven” mega-cap results. S&P 500 up 0.29%, NASDAQ up 0.43%. The Dow Jones fell 96 points (0.25%) after 3M dropped 11% on results (the Dow Jones only has 30 stocks in the index and 3M happens to be one). The biggest…
