SUMMARY Selling FANG to take a profit, chart going parabolic. India ETF NDIA hits a 52-week high. BHP has a nasty fall, FMG sell signals. TLS prints a daily sell signal but not enough reason to sell. WDS performing well, moving averages in steady uptrend. OBSERVATIONS Selling FANG to take a profit, chart going parabolic.…
Powell talks – Market finally listens. US economy going gangbusters. RBA meeting today – No change. ZIP – why I still like it.
Taking some profits today – the market is topping out as the prospect of rate cuts fades.
The ASX 200 falls another 44 points to 7582 (-0.6%). Off the lows and relatively unchanged post the RBA decision to keep rates unchanged and a surprising bias to the upside on rates. Growth forecasts were downgraded slightly. Once again banks were steady despite flashing overbought levels, CBA down 1.0%. The Big Bank Basket $198.15…
Wall St closed higher on Friday night as markets digested positive big tech earnings and employment numbers. The Dow Jones rose 135 points (0.35%) and the S&P 500 up 1.1%. Bond yields saw large gains after January nonfarm payrolls in the US surpassed expectations, posting a headline gain of 353k jobs, well above the anticipated…
Buy any dip All-time highs Meta goes Mega RBA meeting next week Uranium in focus.
The ASX 200 powered back up another 111 points to an all-time high of 7699 (+1.5%) as US tech took off. Green across the screen, banks found buyers again with the Big Bank Basket up to $199.37 (+1.4%). CBA jumped 1.5%, with MQG up 1.7%, but the real stars were the REITs GMG up a…
Never a Dull Moment There are always decisions to be made. Never a dull moment looking after our superfunds. We’ve enjoyed a great run for the last few months and are sitting on some very nice profits. The question now is “how long will the good run last”, and what to do about it? Last…
US stocks rebounded on Thursday, with the S&P 500 rising 1.25%, NASDAQ gaining 1.30%, and the Dow advanced 370 points to 38,520. Concurrently, US Treasury yields dropped to their lowest levels in 2024 due to concerns about the regional banking sector and higher-than-expected jobless claims. The 10Y yield fell 5.9bps at 3.871%, 2Y yield fell…
