Strategy Take
Looking more and more like a bull market. US CPI didn’t disturb. Glass half full going into FOMC tonight. EU and US markets on 52-week highs. Meanwhile in Aus.. Thought of rebuying LNAS in the I
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End of Day Report Wednesday
ASX 200 rose another 23 points to 7258 (+0.3%) in another solid day. Once again, banks led us higher, with the Big Bank Basket up to $185.04 (+0.8%). WBC leading the charge. MQG had a good day up 1.5%, but insurers slid, with IAG down 3.2% and SUN off 1.0%. REITs were mixed, GMG bouncing…
Technical Scans
RIO and FMG hit 52-week highs. Gold topping out. NST still in uptrend. WES hits a 52-week high. JBH hits a 52-week high.
Strategy Take
US market behaves again ahead of CPI tonight. Michele Bullock gives a speech in Sydney this morning. Aussie dollar rally has stalled. FMG, RIO hit 52-week highs. Lithium down in the US. Selling PLS from the Ideas Portfolio on the open. No changes to Strategy, Growth or Income Portfolios.
End of Day Report Tuesday
ASX 200 pushed on to a three-month high on a low volume day. Up 36 points to 7235 (+0.5%). Banks up, with CBA up 0.4% and ANZ rallying 0.8%, with the Big Bank Basket up to $183.67 (+0.5%). MQG up 0.4%, with insurers slightly weaker, QBE down 0.2%. REITs firmed, GMG up 0.7% and VCX…
Henry’s Take – Pause and Caution
SUMMARY Caution: Central Banks in focus. Is CGC a easy tap in? The Sahm Rule for a US Recession. Chemist Warehouse – Yes or No?
Pre-Market Report
Wall Street kicked off the week with modest gains overnight ahead of key economic data and Fed interest rate decision. Fed decision unlikely to be controversial with a Hold expected but the forecasts, dot plot, and press conference that accompany it may well be. The Dow finished near session highs, up 157 points (+0.43%). Up…
Pre-Market Report – ASX to Start the Week Higher
US markets finished higher over the weekend with solid gains from the S&P 500 (+0.41%) and the NASDAQ (+0.45%). The Dow Jones closed up 130 points or 0.36%. The positive night came after the US labour market unexp
Henry’s Take – ASX Cleared for Takeoff?
UPDATES 3.15pm Update LRS webinar not enough to keep the stock up. PLS slipping back. Gravity cannot be overcome that easily. Speculative Stock of the Day: LTR Pharma (LTP) +100% good volume on investor presentation. Fast acting nasal spray for erectile dysfunction called SPONTAN. Unusual Volumes: PGH, IBG, GGE, MZZ, BLU, BKG, KYP, AYT /…