US stocks closed edged higher overnight, just finishing above the flatline in a fairly uneventful day of trade. The Dow rose 32 points (+0.08%), rising for its fifth consecutive session its longest winning streak since December 2023. Dow up 125 points at best, and down 12 points at worst. S&P 500 briefly hit 5,200, finishing…
RBA – Higher for longer. Banks crush it again. Target of 7800 reached. Now what? Adding HCH as a copper play. QIP gets another bid
SUMMARY The S&P 500 resumes its 3EMA uptrend. ILU roars ahead. Up 5.3% on its AGM yesterday. Raising stop loss to $7.48. Up again today. ORI off to a quiet start. BPT flat yesterday. Oil down a touch overnight. Getting interested in WDS. PLS yet to come to life. No change. Tesla down 3.8%. Buying…
SUMMARY Giving up on the correction until proven otherwise. Preferring the US to Australia. The weight of money holds everything up. Happy to buy banks with buybacks supporting high multiples. Respecting the change of trend in FMG. Buying FMG in the One Stock Portfolio. Adding a 20% holding in FANG in the Strategy Portfolio. Buying…
ASX 200 trades quietly up 11 points at 7805 (+0.1%) after a great day yesterday. Banks stalled close to record highs, NAB fell 0.5%, with ANZ up 1.2% on broker upgrades, MQG unchanged with the Big Bank Basket up to $210.71 (+0.4%). Financials mixed as PPT cratered 7.1% after a strategic review presentation. REITs better,…
Wall Street advanced overnight for its third consecutive session, ending near session highs fuelled by speculation that the Fed will be able to cut rates this year. The Dow traded higher all session, closing up 177 points. Up 211 points at best. NASDAQ gained 1.19%, Russell 2000 rose 1.23%, and the S&P 500 rallied 1.03%,…
SXE doing great. ANZ Results – That is not a Buy-back. Stock of the Day – Lycopodium (LYL) BHP is a BUY. RBA today.
SUMMARY Lithium stocks rise in the US. Ready for PLS to kick into gear. Raising stop loss to $3.93. FMG and BHP charts starting to look very interesting. Adding ORI for a mining services play. Oil up overnight. Will see if this was the price bottom. No change to BPT. ILU gets left behind in…
SUMMARY Beginning to think the much-anticipated correction is going to have to wait. No change to Strategy. Added BOE and NXG to the Growth Portfolio yesterday with a 2.5% weighting each. RBA today. Lets see what they serve up. Added a 5% weighting to NAB in the Income Portfolio yesterday before it went ex. Down…
