US stocks closed higher on Thursday, propelled higher by AI-related optimism that bolstered chip stocks, notably Nvidia and Taiwan Semiconductor Manufacturing (TSMC). The Dow Jones rose by 202 points, or 0.54%, closing at 37,469 points. The S&P 500 gained 0.88%, while the NASDAQ advanced 1.35% to 15,055.81. TSMC's US-listed shares jumped by 9.79% after the…
Sold DYL at 155c. Big shorts in uranium stocks. Albemarle chucks in the towel. ZIP going well on consumer spending. TWE remains interesting. Nabtrade Podcast.
SUMMARY MQG hits resistance around $185. No action in the Ideas Trades. Oil has a big overnight rise, good for WDS. The CBA prints a weekly sell signal. GOR prints a daily buy signal, too early for a trade. MQG has hit resistance around $185 and come off the top. Short-term momentum has stalled. The stock is likely…
SUMMARY Better day on the cards – the froth has blown off. Back to normal? Big Tech finds a floor ahead of the results season next week. TSMC up 10% on AI guidance. Apple upgraded. Nvidia record high. Semiconductor index up 3.3%. BHP Production numbers don’t excite and ring the bell for nickel producers. We…
ASX 200 bounces 75 points to 7421 (+1.0%) in a solid yet unexciting day really. Third weekly decline still, and down 77 points on the week. Banks led the charge up, with CBA hitting record highs up 0.7%. The Big Bank Basket up to $193.89 (+1.0%). MQG rallied 1.5% with insurers up as QBE rallied…
ASX 200 fell for the fifth day down around 47 points to 7347 (-0.6%). Losses across the board, with local jobs data showing a slow down perhaps, with the headline steady at 3.9%. Seasonal factors may be the issue. Banks held steady on job numbers. The Big Bank Basket pretty much unchanged. Insurers better on…
US stocks closed in the red as treasury yields rose following stronger-than-expected retail sales data. The S&P 500 and NASDAQ each dropped almost 0.6%, while the Dow Jones closed 94 points lower. Real estate, consumer discretionary, tech, and materials were among the worst-performing sectors. Megacap stocks Alphabet, Amazon, and Nvidia experienced losses exceeding 0.6%, and…
Market is coming to terms with rate reality. Been bearish recently. Uranium. DYL quarterly. Happy to take profits. Speculative buys in DRO and OEC.
Rising interest rates the theme of the week. Maybe the month. A look at some interest rate winners and losers. Thought about buying SNAS. But haven’t. There is nothing precipitous going on yet. The S&P 500 is still within 1% of its high. AUD down on Chinese GDP. Resources with it. Should have bought the USD ETFs for a trade (YANK, USD), but didn’t. Can Big Tech results turn the sector. We’ll find out in the next fortnight.
