SUMMARY BHP and iron ore fall on Chinese GDP data. One Stocks in Cash. AGL prints a buy signal but wouldn’t trade until chart improves. Tempted for a trade in CPU but the easy gains have been made. No changes to Ideas Trades. DTL hits a 52-week high, held in the MT Growth Portfolio. One…
Wall Street ended lower overnight after mixed earnings from Morgan Stanley and Goldman Sachs as well as sell-offs in Boeing and Apple weighed on indices. The Dow fell 232 points (-0.62%), trading in the red all day, down 392 points at worst. S&P 500 lost steam, down 0.37%, and the NASDAQ retreated 0.19%. US Treasury…
• Changes to Portfolio. • Starting the Special Situations • What to do with the banks? • What is the Carry Trade • The Experts talk risks this year • Meerkats to the rescue.
TRADING SUMMARY Not adding any Ideas trades while the market has a wobble. Selling MQG and BHP from the One Stock Portfolios. Utilities sector oversold on a daily basis. Indian ETF one of the few indices starting the year strongly. ASX prints a daily sell signal. Not adding any new trades today. WDS is underwhelming…
The markets are not starting the year well – Bond yields are rising, Equities are peaking. We’re taking some profits.
ASX 200 falls another 22 points today to 7393 (-0.3%) to a four-week low as banks started to slip. Late rally helping slightly. The Big Bank Basket dropped to $191.54 (-0.4%). CBA led the fall down 0.6%, with WBC off 0.7%. MQG lost 0.6%, though insurers better on higher yields. 10-year yields touched 4.21%. REITs…
US markets closed overnight for Martin Luther King Jnr Day, normal trade will resume tomorrow. US futures slightly easier. European markets finished lower overnight, with both the STOXX 50 and STOXX 600 falling over 0.5% as bond yields climbed, taking their fall this year to ~1% after ECB officials pushed back against market expectations for…
Uranium stocks smashing it. PEN target price. Takedown Tuesday. Retail is one of the targets. The Special Situation Portfolio How to save $1000 a week!
The Ideas Portfolio and One Stock Portfolios have been combined into one umbrella section named Trading Section. This will also incorporate the Technical section, subject to feedback. IDEAS PORTFOLIO Action – none today. Not feeling terribly comfortable with the oil price trend. Still holding WDS. Not doing us any harm. TLS was boring us but…
