ORG in focus.
PLS with a huge 18.5% short position.
US Check-Ins.
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…
DIARY NEXT WEEK Inflation rates will headline next week as we see Australian CPI numbers…
US markets were closed overnight for the Thanksgiving Holiday. Markets also close early tomorrow. On…
BHP and RIO with daily sell signals.
AMP printing a daily and weekly buy signal after yesterday’s bounce.
A stock we like, BKW is gathering for a break-out.
ACTION
Selling GPT on the open in the Ideas Portfolio.
Selling SLF on the open in the Ideas Portfolio.
SUMMARY
US closed.
Australia walking its own path on inflation.
The ASX 200 finished the week on a positive note, up 12 points to 7041 (+0.2%), and for the week the ASX 200 edged lower, down 0.12%. Sectors finished mixed. Utilities remained the top performing sector all day
The ASX has closed down 44 points (-0.6%) to 7029. A solid night in the US not enough to outweigh selling pressure caused by a Hawkish Michele Bullock and falls in the oil price.
US equities finished higher overnight. Ahead of the Thanksgiving Day Holiday on optimism the Fed has finished its rate hiking cycle, and the economy is still resilient. The Dow advanced 185 points