That’s better. SPI Futures up 47. Dow up 4. S&P 500 up 0.7%. NASDAQ up 1.10%. Wobble avoided. For another day. It was looking a bit precarious yesterday. Rescued by big Tech overnight although the volumes last night were down 15% on normal ahead of the Memorial Day holiday on Monday (US markets closed). Feeling…
THE WEEK THAT WAS Are we back on track? Last night the US markets rallied. A little anyway. After a bruising week for investors with the index down 1%, maybe we will get some relief on Monday. There was a little change in the force this week after the Fed minutes. They did signal a…
Wall St bounced back from Thursday losses with a strong session overnight. The Dow Jones finished flat while the S&P 500 and NASDAQ gained 0.7% and 1.1%. The utilities and technology led rally came after economic data indicated a strong US economy with falling inflation expectations. Core capital goods orders increased by 0.3% vs…
Wall St closed lower overnight. A 9.3% rise in Nvidia initially saw markets open higher before economic data renewed inflation concerns. Triggering a nervous sell-off. The Dow Jones lost 606 points (1.53%), weighed down by Boeing (-7.6%) and Intel (-4.3%). Closing near the low in its worst session in over a year. The other two…
More downside today. Nvidia is not the market. 7700 is possible. Why the Fed needs to cut rates BHP/ Anglo – Are we there yet?
Nvidia trying to hold the market up on its own – and failing. Checking the charts – nothing major to worry about…yet. If I was a trader I’d be taking profits. Getting that vibe. Sell signal on the Dow Jones but it’s a rubbish index. Xero – Research after results. Might get it lower.
SUMMARY Cleared out some trades this morning as the market goes risk off. Not sitting around idly while profits evaporate and losers turn into dogs. Sold on the open ILU and PLS for a loss and BPT for a reasonable profit. NVIDIA up 9% in the US. The rest of the magnificent seven all in the red. LNAS fell.…
Happy to buy good stocks on pullback BHP bids again. Copper drops. Remember 7 rate cuts forecast? Commodities fall hard on Fed comments.
We survived – Nvidia up 7% in after hours trade. Good guidance. Fed Minutes didn’t impress – but a few things have changed since. BHP down 4.7% in US – put up or shut up. Happy-go-lucky bull market – enjoying it until its last.
