All Change – We are back on interest rate watch after the CPI number. Interest rate sensitive rally to end. US Results season starts tonight. Usually, a positive. Investment banks up first. DMP – Some broker upgrades. SGR – If you can swallow your ethics. BOQ after dropping 7% on results. Interesting moves in our industry.
ASX 200 performs better than expected, falling only 40 points to 7051 (-0.6%). Volumes seemed light, and some…
ASX 200 limped to a 3-point gain to 7091 (+0.04%) ahead of US CPI. Six…
US equities finished higher overnight after a choppy session following the release of FOMC meeting…
SMALL CAP PORTFOLIO 3.00pm Updates Nothing done today. Selected lithium stocks recovering from oversold levels.…
Buy signals on the All Ordinaries, ASX 200, S&P 500 and Nasdaq are now 4 days old. There are now MACD buy signals as well. Telstra (TLS) weekly buy signal. Again. Not often traded by Australians – but there’s a buy signal on SQ2. Qantas (QAN), anyone?. Very early short-term buy signal after dropping from 670c to 490c over the Qatar debacle (not their fault).
The Doves are still flapping – we are four days into this market rally
US equities rose for a third consecutive day following more dovish comments from Fed officials…
As the market rallies on this “Dovish Pivot” there are no end of ideas to buy. From big quality stocks with weekly (more significant) buy signals (TLS, TCL, RMD, COL, APA, AWC) to interest rate sensitive sectors (REITs, Utilities, Infrastructure), to Healthcare (CSL, RMD), to “Risk On” stocks in the technology and sentiment driven sectors (Lithium). There are daily buy signals for instance, on WTC, WEB, MIN, IGO, AKE. Take your pick. The big gamble is whether this Dovish Pivot is to be believed or whether it’s a one (or three) day wonder.
SMALL CAP PORTFOLIO SUMMARY Selling into the rally. Some GEAR and some LRS. Lithium stocks…