Lots going on – none of it great. Cash is King. Alphabet bombs on weak cloud result (rest of the result was OK). Big Tech in official correction – NASDAQ down 10% from a recent top. No AI Boom trade this results season then. Bond yields higher again both here and there. CPI number prompts “Two rate rise” talk.
ASX 200 fell 42 points to 6812 (-0.6%),2023 closing low despite a small rally into the close. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up…
US equity markets closed higher overnight after positive corporate results and upbeat forecasts sparked a broad rally. All three major indices advanced, with mega-cap tech stocks providing much of the upside lift as treasury yields stabilised. Dow Jones rose 205 points (+0.62%). Up 336 points at best. S&P 500 rebounded, up 0.73%, halting a five-day…
SMALL CAP PORTFOLIO SUMMARY Day one of the Microcap Conference and some that caught my eye. #Vanlife and another NEU perhaps? LTR – Maybe looking to add some more below 175c Another member's retirement solution. Updates LTR – Interesting to see this one slip below the placement price yesterday. Good to see the Albanese government…
Rout slows, Bond yields top out, mild equity rally not convincing yet. Mixed late US results – Alphabet down 6.5%. Microsoft up 4.4%. Slim chances of another irrationally exuberant rally in AI. Australian CPI numbers at 11:30am will feed into the RBA meeting on November 7. Michele Bullock speech – “Will not hesitate to raise rates”. Busy Corporate Diary. Risk-on sectors waking up. Some broker upgrades in lithium. Banks drift into results. The Five Zones – which one are you in.
S32 hits a 52-week low after releasing results on Monday. Real-Estate sector hits a 52-week low. Staples continue to drop with Coles on a 52-week low. Uranium and Gold ETF’s with sell signals.
ASX 200 closed flat, down 3 points to 6854, losing early morning gains following hotter-than-expected inflation data. Market up 40 points at best. Down 25 at worst. Miners helped offset steep losses today on news China has approved additional stimulus. Iron ore behemoths did most of the heavy lifting, supported by firmer iron ore prices. BHP, RIO and…
Colour-coding Members and matching you to the right colour-coded stocks. Lithium going nowhere again overnight. S&P 500 under 200-day Moving Average. Cash still King.
TECHNICAL SUMMARY Another day of big oversold and 52-week low lists. Stocks aren't the only ones oversold, with an interesting variety of ETF's on the list. Lithium stocks joining the 52-week low list after a shocker yesterday. An income ETF at a three-year low. EMR standing out in the Gold Sector. OBSERVATIONS A variety of ETFs are…
