TECHNICAL SUMMARY A few sell signals after yesterday but nothing major. 76 Stocks still overbought in the All Ords. MQG overbought on a daily basis, middle of long term trading range. Healthcare Sector remains heavily overbought. ALD hits a 52-week high. KMD hits a 52-week low. OBSERVATIONS A few sell signals after yesterday but nothing…
The Wall Street sell down didn’t follow through – back to normal.
ASX 200 finished flat at 7502, down 3 points. Xmas apathy took over despite a rally on Wall Street. Inflation numbers tonight, but not expecting much. Banks were flat, with the Big Bank Basket down to $189.53 (-0.1%). The $190 level has been resistance in the past. Financials also slipped. MQG down 0.5%, with insurers…
All three major US Indices nosedived overnight, breaking the nine-day winning streak, which began with the Fed’s pivot last week. Equities veered lower around 2:30pm after commentators warned of a pullback. The Dow finished near its worst levels, down 476 points (-1.27%). Up 83 points at best. Down 485 points at worst. The S&P 500…
Trimming the decks. The day has come in lithium. Target reached,happy to bank some money. When Talking Heads speak should we listen? Timing the Market.
101 stocks in the All Ords overbought today on a daily basis. Expect quite a few sell signals tomorrow. Technology Sector with a daily sell signal. PME with a daily sell signal. REA hits a 52-week high. Up 62% this year. ASX overbought on a daily basis.
Wall St traders take profits for the sake of it. Consumer Confidence rises more than expected. UK inflation falls more than expected. Bond yields continue to fall.
The ASX 200 fell today 34 points to 7504 (-0.5%). A better performance than SPI suggested as US futures rallied a little. Volume and news were a little light on as we approach the Xmas break. Banks eased back slig
MARKET WRAP ASX 200 up another 49 points to 7538 (+0.7%). Another day, another push towards 7600. Slipped a little at the close. Across the board gains with banks in demand again, ANZ up 0.7% and WBC up 1.0%. The Big Bank Basket trading at $190.21 (+0.5%). MQG kicked 0.9% higher, with GQG doing very…
