Henry’s Take – M&A Focus – Lithium Bounce
Speculative Stock of the Day: IRI Lithium up 4 days -PLS on the move. Leverage ETFs – Are they good buys? ABB bids for SLC
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Trading Section
SUMMARY Investment banks down in the US. MQG hits a 52-week high. Is that the top for now? Iron ore down, Oil up. Not buying BHP. Keeping an eye on WDS for a new uptrend (results today). LLC prints a daily buy signal after being dumped on results last week. KGN shoots into overbought territory…
Pre-Market Report
US markets closed near flat on Friday night. The Dow Jones up 62 points (0.16%), the S&P 500 up 0.03% while the NASDAQ fell 0.28%. No major news resulted in narrow trade as markets digested commentary from Fed officials and Nvidia’s big Thursday night move. US bond yields fell from multi-month highs, the 10Y down…
Henry’s Take – Another Big Week Ahead – AWC and SLC in Sights
Ah McCains, you have done it again. Results continue – Follow the money. ASX – We have a problem. Another one bites the dust in AWC offer. And SLC too. Uranium – All over Red Rover?
End of Day Report
ASX 200 closed up 9 at 7653 (0.1%) after a very solid start evaporated. Big Monday with M&A and results in focus. First up Alcoa bid for AWC after a 20-year life on the ASX, ABB bid for SLC and CSR in a trading halt pending an announcement on a material transaction. Banks mixed, CBA…
Henry’s Weekend Take – To Infinity and Beyond!
Nvidia is the most important stock on earth! Sora is coming. Frantic week for results. US Markets pause for breath.
Marcus Weekend – They blew up a bubble this week – and its still inflated
An interesting story on iron ore today.
Technical Scans
SUMMARY MQG will be interesting today. Upside gain is limited. Bit of relief for BHP with Iron Ore up overnight. Staying in cash. Consumer discretionary with sell signals after WES, ALL, JBH and HVN all fall yesterday. Tech Sector hits a 52-week high. Japan ETFs hit highest levels since inception. WBC and NAB hold at…