Henry’s Take – Gold and Bitcoin as Lithium stumbles.
Gold and Bitcoin. Lithium smacked as Tesla falls. Happy to have sold half my PMT. Bought in early in DRO. RMD discounting new machine.
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Marcus Take Tuesday – Bitcoin and Big Tech flying along
Bitcoin – wave at me when you go past in your Lamborghini. Big Tech still running. Lots of signposts this week. Chinese GDP forecast coming. Lots of ex-dividends. A few directors buying bombed out stocks.
End of Day Report – Gold Stocks Leap on Record High Bullion Prices
ASX fell 12 points at 7724 (-0.2%). Some weakness in a few sectors weighed. Banks eased back with the Big Bank Basket down to $206.08 (-0.8%). CBA leading the loss, off 1.0%. MQG slipped 0.3%, and GQG fell 1.8%, with REITs down a tad. Industrials weaker across the board, looking a little tired after reporting…
Pre-Market Report
US markets closed strongly higher on Friday night after falling bond yields fuelled a renewed tech rally. The NASDAQ outperformed, up 1.14%. The S&P 500 rose 0.8% and the Dow Jones finished up 91 points (0.23%). Both the NASDAQ and S&P 500 hit fresh record highs. US bond yields had a large fall after US…
Henry’s Take – Big Week Ahead. Again!
Gold in focus today. HM1 looking interesting as US activist takes 10%. US Check Ins. Big week for Central Banks. China too. Index changes announced.
End of Day Report
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed. BHP off 1.5% and FMG getting whacked down 3.2%. Lithium stocks gave back some early solid gains, prices slipping slightly in China. MIN down 2.1% and PLS up only 0.7% with IGO falling 1.7%. Gold miners were…
Henry’s Weekend Take – And Breathe…
Happy Easter (Results are Over) To paraphrase the late John Lennon, It has been a long month. Results season always is, and the numbers drop thick and fast. Analysts are ignored by quant funds, hedge funds and proprietary traders as the algo focus on keywords and shoot first and analyse later. We have some extreme…
Marcus Weekend
Good Morning you lovely Members. All is good in stock market land. SPI Futures up 11 points this morning. Dow Jones up 90. The NASDAQ just hit a second new all-time high on the trot (up 1.14% overnight). US markets have had four straight months of gains. Nvidia up another 4% having risen 33% in…
End of Day Report – 360 Jumps 38.5%
ASX 200 closes up 47 points to 7724 (+0.6%) on an all-time high. Defensive sectors were sold off as risk appetite returned with a vengeance. Lithium stocks were on fire as the short squeeze continued. Uranium stocks sold down as the fizz seemed to have left the building. PLS up another 4.3%, but LTM screaming ahead…