SUMMARY Wall St Falls. Expect a host of sell signals tomorrow. Selling all trades from the Ideas portfolio this morning. Will watch from the sidelines in the short-term. Not precipitous enough to think about SNAS. Selling MQG from the One Stock Portfolio. Didn’t hold IZZ for long but selling into strength at least. WDS lacking…
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (-0.7%). Results and broker talk dominated again with a negative lead from Wall Street colouring the landscape. Banks under pressure following CBA results showing NIM remains under pressure CBA fell 1.7% well off lows. The Big Bank Basket down 1.6% with CBA in…
SUMMARY Bond yields pop as inflation won’t drop. Nothing precipitous, just an end to the strong trend. Interest rate sensitive sectors to top out – Banks, REITs, Tech. CBA results underwhelming, NIM under pressure. Excuse to top out. Selling trades. Come back in a month. Stocks that like higher rates – CPU, QBE, CGF, IAG.…
No birthday present for Gina ZIP so close to my target. AD8 valuation. DRO pulls back, is it cheap? CAR – ‘Good to solid’.
Stocks in the US remained relatively steady, with all three major indices holding near record highs ahead of the upcoming US CPI release. The NASDAQ briefly surpassed its previous closing high from Nov-21 before slipping 0.30%, while the Dow saw modest gains, up 126 points (+0.33%), and the S&P 500 closed marginally lower but stayed…
SUMMARY ASX200 hovering above resistance level. JBH and CAR hit 52-week highs after positive results yesterday. MQG operational briefing out this morning. Holding uptrend. BHP quiet. No change. WDS clinging onto uptrend. IZZ OK. CSL (and Health Care Sector) print daily and weekly sell signals after yesterday’s big fall. OBSERVATIONS ASX200 hovering above resistance level.…
Market behaving – still fully invested at these highs. US CPI number tomorrow night. MQG operational update – typically conservative. CAR write-up – up 1.7% on results yesterday. A 1% beat. JBH write-up – up 7.1% on results yesterday. A 5% beat. ANZ update ruffles no feathers. Up 1.3% yesterday. Main results today – CSL, JHX, SEK, CGF, BRG
ASX 200 slipped 11 points to close at 7606 (-0.2%) as results dominated. CSL and MQG were a little disappointing but off lows, JHX dropped 8.5% on a slightly bearish update for Q3, and SEK also suffered a sell-off as results missed expectations down 4.6%. Banks once again the rock steady beat with the Big…
Week 1 all good. CAR looks ok too this morning. CBA and CSL to dominate index this week. Usual US Check-Ins. Hunting for another ZIP.
