US markets closed mostly higher on Friday night, driven by big tech. The S&P 500 crossed the historic 5000 point mark gaining 0.57%, the NASDAQ gained 1.25% while the Dow finished down 55 points (-0.14%). Losses in Chevron and Walt Disney weighed on the Dow while gains in Microsoft and Intel resulted in a near…
ASX 200 falls 30 points to 7615 (0.4%) as a CSL drug trial fails. A Phase III trial for CSL saw the stock down 4.8% with RMD off 1.4%. Industrials solid with good results from JBH lifting the retail sector, JBH up 7.1% APE up 2.2% and LOV up 4.8%. WES and supermarkets fail to…
Happy New Year Tradition says that the ‘Year of The Dragon’ signifies wisdom, good luck, prosperity, and strength, and the market is awaiting positive developments in the world’s second-largest economy. One fund manager has this to say ‘Ride the dragon to prosperity by not timing the market and staying invested even in volatile times’. Don’t…
Sold and bought a few things last week – A bit of a quiet week last week – we get into the results season next week
The S&P 500 edged up 0.06%, hovering near the historic 5,000-point mark, driven by earnings releases, a largely steady jobs report, and commentary from policymakers regarding potential interest rate adjustments. NASDAQ rose 0.24%, and the Dow Jones climbed 49 points. Up 78 points at best. Down 133 points at worst. The Russell 2000 and the…
SUMMARY S&P 500 overbought on both a daily and weekly basis. Real Estate Sector hits a 52-week high. No change to MQG. Iron ore rises to a one week high. Chinese support limited. Staying in cash for BHP. IZZ down 1.3% yesterday but chart still looks fine. HOLD. Oil has a big rise over 3%. US…
2.30pm Update Nothing done in LTM as it headed higher. Lithium stocks trying to find a low. LTR – On a roll as the Gina Reinhart 'no move' period comes to an end. What happens now? Good question. DRO continues to power higher. Was a recommendation some time ago after we did a podcast with…
SUMMARY SPI futures flat. Wall St near flat. A look at REA and COH results. Buying NDIA in the Strategy Portfolio. Happy to remain fully invested in the Strategy Portfolio. Some big names to report next week. ArcelorMittal upbeat on Iron Ore ex. China. BULLETS SPI futures flat. Wall St near flat (Dow up 50 points…
ASX 200 managed to eke out a 6-point rise to 7645 (+0.1%) in relatively stable trade. Results kicked off this week and plenty of stock volatility to keep us amused. Mixed session with banks flat, Big Bank Basket back above $200 (+0.1%). MQG down 0.2% and GQG seeing some end-of-week profit-taking. REITs are back in demand…
