MAYDAY MAYDAY MAYDAY After a 14.3% rally in the ASX 200 since November last year are we set up for a repeat of the old adage "Sell in May and Go Away"? I have written about the “Sell in May and go away” concept every May and make the regular comment that the only reason…
Back on Deck. Nasty day in store. Is this another BTD? Copper stocks in demand. BHP – It’s complicated. AZS – Winner. Selling at 369c.
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
US equities ended higher overnight, building on last week's gains, in a mostly uneventful day of trading as the market prepares for another big week of earnings reports and the Fed’s rate decision (Hold expected). The Dow ended near best levels, up 146 points (+0.38%). Up 167 points at best and down 24 points at…
SUMMARY SFR finally kicks into life. Raising stop loss again. BPT has a good day while WDS, STO and KAR all fall. Brokers hold target prices. Moving the One Stock Portfolios to Marcus Take to better reflect the longer-term trading we are targeting. Not to say we aren’t prepared to hold stocks in this section for longer…
A Few Changes in this section. US Market Holds up. The lull before the storm this week. Busy week – Fed Meeting. Jobs numbers. Banks results. Big Tech results. EU CPI. Need a catalyst for the NASDAQ to keep going post Big Tech results. Eliott Wave anyone? Hope not. Banks and Macquarie – Results coming. Not buying yet. One Stock Portfoliios – Still in cash.
A host of quarterly production numbers. Good Chinese PMI numbers help resources. Retail sales numbers take the pressure off the RBA.
The ASX 200 has closed up 27 points to 7932. Weak Retail Sales numbers (down 0.2% in April v consensus +0.4%) too the pressure off the RBA next week. Good Chinese PMI numbers helped resources ahead of the Chinese three day holiday from May 1-3 (rest of the week). ASX 200 closed near the high…
Wall St had a strong session on Friday night, all three major indices closed higher on solid results from Microsoft (+1.8%) and Alphabet (+10%). The Dow Jones rose 154 points (0.4%), the S&P 500 was up 1.02% and the NASDAQ led by Microsoft and Alphabet was predictably up 2.03%. Other tech stocks such as Amazon…
