REA released its Q1 results on Friday which brokers liked but the market didn’t. The big news was the return of positive listings growth (only 1% but up from -18% in the previous Q) and a gain in market share over Domain. We like REA and while the housing market and NASDAQ goes up so should it. BUY
Our market up 40 midday as we wait for the US CPI number tonight which could fill or kill the recent rally
ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%).
TECHNICAL SUMMARY
One of our favourites, FANG hits a 52-week high and is overbought on a daily basis.
MQG hits another 52-week low after going Ex-Dividend. Is that the bottom?
Oil stocks WDS, STO and KAR all oversold on a daily basis after recent falls.
Wall Street finished mixed overnight in a quiet day of trade as markets wait for…
US markets enjoyed a positive night on Friday. Bond yields stabilised during the session and…
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