US markets started the week lower taking a post-thanksgiving pause as the shopping season kicked into high gear with Cyber Monday deals. The Dow Jones finished near worst levels, down 57 points (0.16%). Up 20 points at best. Down 110 points at worst. S&P 500 slipped 0.2% but still hovering near technically “overbought” levels, and…
GMD – Backing da Man. Been a great win so far. NEM is starting to settle down after the merger. Diversified gold major.
Euro Stoxx50 and other major indices overbought on a daily basis. MQG falls back into down-trend. AGL oversold on a daily basis as utilities drift lower.
ASX 200 clawed back some losses closing up 28 points to 7015 (+0.4%). Early euphoria gave way to apathy again. Banks were strong, the Big Bank Basket up to $177.31 (+0.8%). NAB leading the charge
The Dow Jones rose 117 points (0.33%) on Friday night to finish the week up 1.3%. Volumes and conviction were low as markets were closed Thursday for Thanksgiving and shortened trade on Friday. The S&P 500 finish
ASX 200 frittered away early gains to close down 53 points at 6988 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround as China authorities move to more supervision on pricing. BHP, RIO and FMG all took on water down around 1.5%. Lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off
Wall Street had a half day on Friday following the holiday on Thursday. A lot of US traders have been on holiday all week and will be next week, so volume overnight was predictably half the usual volume. The US markets all behaved last night despite Nvidia falling 1.9% on a delay in the launch…
