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…
Busy week ahead. NASDAQ prints a green brick. Banks – NAB and MQG results this week. Should be good. BHP having to pay up – good for RIO and FMG short term. Not good for BHP. Fed Meeting messaging should remain the same. US Jobs numbers Friday. ADP Wednesday. JOLTS Tuesday. Apple and Amazon to finish off the Big Tech results.
SUMMARY No change to SFR. Up 0.8% on Friday but missed out on the big gains seen by 29M. Increasing stop loss from 3xATR to 2xATR. Glad we got out of SNAS. Maybe time for LNAS once Amazon results out of the way. Oil up a touch of the weekend. No change to BPT. Will…
The ASX 200 finished the day up 62 points to 7637 with Real Estate and Tech stocks the star performers. GMG and SCG held onto midday gains. In the Technology sector WTC pushed 1.9% higher after a slow open and MAQ also gained 1.9%. BHP down 0.4% on talk of a higher bid for Anglo American. Other big resources are benefitting from a switch out of BHP – RIO…
Good Morning everyone. Please click on the Members Survey if you get a couple of minutes (there's another link at the end). Your opportunity to send the newsletter in the right direction. Thanks for your time. Henry is reporting in from the Perth Members meeting at the Lucky Shag pub last night. 50 Members –…
