US markets finished slightly higher on Friday night save for the NASDAQ, flat. The Dow Jones rose 125 points (0.32%) and the S&P 500 gained 0.16%. Dow had best week this year. Economic news was mildly negative as consumer inflation expectations came in at 3.5% vs 3.2% previous and consumer sentiment fell to the lowest…
The ASX 200 rose 1 point to 7750 in quiet pre-budget trade. Good close in banks helped. A narrow trading range as ANZ and MQG went Ex Dividend. The Big Bank Basket up to $208.05 (+0.5%). Insurers tickled higher QBE down 0.1% and SUN up 0.4% with REITS slightly lower, GPT off 0.7% and SCG…
THE WEEK THAT WAS The ASX 200 rose 1.6%. A good week really. Plenty of volatility. That equals opportunity. We hit 7800, as I had forecast and then moved back down to 7600 before a rally. Fun and games all round. I know I should have been braver and loaded up with GEAR when it…
SPI Futures down 10. S&P 500 up 0.16%. NASDAQ down 0.03%. Dow Jones up 125 points. A higher than expected consumer inflation expectations number and a weaker than expected consumer sentiment number provided a negative. A rise in Nvidia a positive. Mixed Fedspeak overnight. A number of comments about the markets being on hold ahead…
Tried to sell CNB yesterday – No luck. Resource Conference Favourites Sean Russo on gold. How much is LLL worth? The Great Banking Ruse?
Wall Street rose overnight, extending the weeks upside after weekly jobless claims data offered fresh hope for interest-rate cuts. The Dow marked its 7-day winning streak, up 331 points (+0.85%). Dow up 357 points at best. Dow down 68 points at worst. S&P 500 and NASDAQ are on track for a third week straight week…
Midday update: New research on SIQ, JBH, CBA and SPK. One Stock Portfolios. SUMMARY Adding JLG to the Trading Portfolio today. Recovery on charts, brokers positive. Some Macro positives overnight. Lithium coming alive – holding PLS in the Trading Portfolio. Uranium price up again. 10% of the Growth Portfolio is in uranium stocks. The Ten…
SUMMARY BPT has a good session yesterday. Oil stocks slowly building momentum. JLG is recovering fast from its February results drop. Adding for a trade. Lithium takes off in the US. PLS to resume its uptrend. Profit takers descend on ILU. No change. ORI rises on results. Increasing stop loss to $17.76. GMG prints an…
ASX 200 finished up 27 points at 7749 (+0.4%) for a 1.6% rise this week. Bargain hunting from oversold levels in the banks and industrials after the rout yesterday drove the market higher. The Big Bank Basket up to $207.10 (+0.7%). WBC rebounded 1.3% with ANZ up 1.0%. MQG followed US Investment banks higher up…
