MAJOR MOVERS SPR +7.7%, EVN +4.2%, OBM +5.6% Gold flying. NXG +4.8% Gets…
We’ve hit the Doldrums – tiny trading range today – Sohn Hearts and Minds gets some attention
The ASX 200 finishes the week down 9 points to 7049 (-0.1%) in a narrow day of trade but closes out the week up 1.04%. Broad sector weakness today, lacking any direction. SPI
Quiet day – narrow range – the pause that refreshes
Feeling Optimistic?
Summer has come and the Cup’s been run. The long weekend saw the first real taste of summer for Melbourne with shorts and sandals being the order of the day. Cup day was beautiful and sunny, but only just.
The ASX200 fell 55 points (0.77%) to 7058 giving up about half of yesterday’s gains as enthusiasm waned. The market saw steady selling throughout the session with the employment numbers not havin
The Futures are down 4 points this morning as we think about the 5.2% rally
Foot off the gas – US markets take a bit of a pause.
The Strategy Portfolio is now up 26% this year compared to the ASX 200 up 1%.
A look at the Marcus Today SMA performance.
US equities extended their gains overnight on hopes the Fed will be able to achieve a soft landing, after positive retail sales data and PPI results. The Dow advanced 164 points (+0.47%). Up 223 at best. The S&P 500 topped 4,500, up 0.16%, and the NASDAQ ended marginally in the green, up 0.06%. US treasuries fell after the latest economic data pointed in support of the soft landing narrative.
TECHNICAL SUMMARY
Multiple stocks overbought on a daily basis following yesterday’s big gains.
GMG hits a 52-week high and is overbought on a daily basis.
After languishing for months, CSL is coming back to life.