94 stocks in the All Ords currently overbought on a daily basis. No daily sell signals. The market is oversold but bullish. Financial Sector overbought on a daily basis. JHX hits a fresh 52-week high. KAR prints a daily buy signal.
The Santa Clause rally is truly in after yesterday’s big gains. No changes to Portfolios. MQG One Stock Portfolio up 14% vs ASX200 up 4%. Timing the market is paying off. Europe and the UK not following the Fed. A look at what performed best yesterday.
ASX 200 finished up 65 points at 7443 (+0.9%) in another strong day but well off highs as some profit-taking crept in. ASX 200 up 3.5% for the week. Big caps in focus. The iron ore miners shooting the lights out, BHP close to all-time highs up 2.4%, RIO up 2.2% and FMG giving Twiggy…
Wall Street closed modestly higher overnight, extending weekly gains in the final hour of trade. The Dow added 158 points (+0.43%) to hit an all-time high. Up 197 points at best. Down 39 points at worst. S&P 500 and NASDAQ are both up over 3% for the week so far, advancing 0.26% and 0.19%, while…
SMALL CAP PORTFOLIO SUMMARY The pivot is momentous. More upside to come. US outlook update. Market depth is broadening. ‘Reaffirm’ is the word. Lithium kicks. Shorts worried? Added RF1, DYL and more WBT yesterday. ASX200 to play catch up. Small caps in focus. How to play. Xmas Ask the Analyst tonight. Hot stocks from the…
Dow hits all time high on Powell comments. Dovish tilt. Portfolios well positioned to take advantage. Adding GMG, WDS, GQG, and a Small Caps ETF to the Ideas Portfolio. Big tech was only modestly higher. Gold and Lithium flying.
US equities rose sharply higher overnight after the Fed held rates at 5.25%-5.5% as expected, but the Fed’s “dot plot” indicated three rate cuts in 2024. The Dow rocketed up 512 points (+1.40%) to close at a record high of 37,090, marking a fifth consecutive session of gains. S&P 500 up 1.37%, now less than…
Santa is on his way. Adding DYL and more WBT today. The avalanche of cash begins. Where to put it?
All major global indices overbought on a daily basis. GMG hits a 52-week high. MQG breakout looking more convincing by the day. Real Estate Sector ov
