US equities finished higher overnight. Ahead of the Thanksgiving Day Holiday on optimism the Fed has finished its rate hiking cycle, and the economy is still resilient. The Dow advanced 185 points
A surprising number of stocks oversold on a weekly basis.
BHP overbought on a daily basis. Has broken out of the pennant.
SQ2 with a daily sell signal.
US holds up going into the Thanksgiving holiday.
Michele Bullock treading her own path on inflation (Hawkish).
Great Nvidia results are OK. Lucky they weren’t just OK.
Novo Nordisk makes other high PE stocks look stupid.
The ASX has closed down 44 points (-0.6%) to 7029. A solid night in the US not enough to outweigh selling pressure caused by a Hawkish Michele Bullock and falls in the oil price.
Very quiet day ahead of the US holiday – ASX 200 up 7 points. Bit of a yawn.
London Mining Conference – Big Themes – Small Companies – Potential
Quiet day – Market down 5 in a narrow session – Bullock speaks tonight
Wall Street finished down on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach moving forward. The Dow fell 63 points (-0.18%), trading lowe
S&P 500 went into overbought territory yesterday on a daily basis.
Consumer staples continues to slide. At a 52-week low.
Uranium ETF’s holding at overbought levels. The commodity price breached US$80/pound.
SPI Futures down 6. Nvidia fails to set the market alight. Predictable. FOMC Minutes. Predictable. Holiday coming up – getting quiet. Making money in currencies is possible. The Global Nuclear Renaissance and the uranium conundrum. No need to sell anything yet.