US markets closed slightly higher on Friday night, giving up early gains as profit taking continued and the unemployment rate came in slightly lower than expectations. The Dow finished up 26 points or 0.1%. The S&P 500 finished up 0.2%, having been up 0.6% in early trading and the NASDAQ closed up 0.1%. For the…
The ASX200 has closed down 38 points (0.5%) to 7452, falling for the fourth straight session. More profit-taking, Dow futures falling, and nervousness for this week’s inflation data prompted an afternoon sell-off. The selling was fairly broad based with Consumer Staples, Materials, Tech and Health Care all worst off down between 0.6% and 0.8%. Telecoms,…
US stocks finished sharply higher overnight, winning back much of the previous day’s losses after fresh economic data revealed the US economy grew weaker than expected, feeding optimism the Fed would ease rates early next year, reviving investor risk appetite. The Dow Jones rose 322 points (+0.87%), finishing near its high of +337 points. S&P…
Trimmed the halls. HZR going well. Is PLS still the way to go? Is retail having a bad Xmas? Xmas thoughts
TECHNICAL SUMMARY A few sell signals after yesterday but nothing major. 76 Stocks still overbought in the All Ords. MQG overbought on a daily basis, middle of long term trading range. Healthcare Sector remains heavily overbought. ALD hits a 52-week high. KMD hits a 52-week low. OBSERVATIONS A few sell signals after yesterday but nothing…
The Wall Street sell down didn’t follow through – back to normal.
ASX 200 finished flat at 7502, down 3 points. Xmas apathy took over despite a rally on Wall Street. Inflation numbers tonight, but not expecting much. Banks were flat, with the Big Bank Basket down to $189.53 (-0.1%). The $190 level has been resistance in the past. Financials also slipped. MQG down 0.5%, with insurers…
All three major US Indices nosedived overnight, breaking the nine-day winning streak, which began with the Fed’s pivot last week. Equities veered lower around 2:30pm after commentators warned of a pullback. The Dow finished near its worst levels, down 476 points (-1.27%). Up 83 points at best. Down 485 points at worst. The S&P 500…
Trimming the decks. The day has come in lithium. Target reached,happy to bank some money. When Talking Heads speak should we listen? Timing the Market.
