TECHNICAL SUMMARY
S&P/ASX Small Ords on a 52-week low.
Consumer staples oversold on a weekly basis and hit a 52-week low. Both WOW and COL oversold on a daily basis.
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…
US equity markets closed higher overnight after positive corporate results and upbeat forecasts sparked a…
SMALL CAP PORTFOLIO SUMMARY Day one of the Microcap Conference and some that caught my…
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…
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…