US markets bounced from Thursday losses after economic enthusiasm eclipsed concerns of the number of rate cuts expected this year. The Dow Jones rose 307 points (+0.80%), the S&P 500 gained 1.11% and the NASDAQ rose 1.24%. US non-farm payrolls rose by 303k jobs in March (vs 200k forecast), the biggest monthly gain in ten…
US Big Picture. Where to for ASX 200? Gold! Gold! Gold! APM Bid at 140c subject to conditions. US Check-Ins. Uranium back. New podcast may help. Ask the Analyst podcast available.
SUMMARY Buy the dip prevails again. US markets bounce, SNAS to suffer. Stop loss set at 3 x ATR from recent high at $1.735. Glad we're still in oil and gold. BGL and NST performing well today. KAR lagging. No other changes to trades or One Stock Portfolios.
The ASX 200 rises 16 points to 7789 (0.2%) in quiet range bound trade. Solid across the board except oil and gas with WDS easing 1.6% and STO down 1.0% as oil drifts lower on diminished risks. Coal stocks better, Gold miners kicking higher, NST up 2.0% and NEM rocketing up 6.6%. GOR and GMD also…
I (almost) never want to wake up to a market that's dropped but it would have made us look clever having taken a few profits yesterday and bought a trade in SNAS. I'll just have to pretend I knew that was going to happen and that we're still right. Even though we're going to look…
THE WEEK THAT WAS An interesting week. Aren’t they all? It was topped off last night by a jobs report that screamed no rate cut in the US, at least in June. 303,000 new jobs added. Does that seem like an economy that needs rate cuts? Nope. You would have thought that this number, which…
US equities ended sharply lower overnight, carrying some strength through midday before reversing in the afternoon as risk-off sentiment kicked in ahead of Fridays jobs report. The Dow tumbled for its fourth consecutive session finishing near session lows, down 530 points (-1.35%). Up 294 points at best. Down 568 points at worst. The S&P 500…
A correction searching for an excuse, finds one. Fed heads out and about. Charting skills put to work. Few risk events on the horizon.
SUMMARY Oil and Gold stocks up, markets down. Trimming the vulnerable, keeping oil and gold. Selling JMS and MIN. JMS as a small cap particularly vulnerable. Will hold onto KAR, BGL and NST. Unless they fall below stop losses. Adding SNAS for a trade and short-term bet that we have seen the top for a…
