ASX 200 up 17 having been up 33 at best – Fed tonight but a US Treasury announcement on borrowing may be more important
US equities closed out October on a positive note, with all major indices finishing in…
IMARC DAY 1 – Huge Conference
A focus on Graphite and Uranium.Some for your watch list.’Nearology’ rules!
Is this lithium short real?
Despite all the depression surrounding lithium stocks, MIN buys 19.85% of WC8
‘The Call’ today at Noon on Ausbiz
Ask the Analyst Friday at 5.30pm
TECHNICAL SUMMARY
Plenty of daily buy signals after one good day yesterday. ASX200, Dow Jones and S&P500.
RMD with a weekly buy signal. Smooths out the daily volatility.
Information technology oversold on a daily basis.
US equities rallied overnight, with all three major indices finishing up more than 1% following…
US equities rallied overnight, with all three major indices finishing up more than 1% following last week’s sell-off, kicking off a busy week of earnings reports, economic data and the Fed’s FOMC meeting. The Dow traded in the green all day, finishing near best levels, up 511 points (+1.58%). S&P 500 rose 1.2%, and the NASDAQ gained 1.16%, buoyed by gains in mega-cap tech stocks.
Sold some more IVZ yesterday at 26c. Great result. Up 87%.
HZR slipping away. Still interested on a pullback.
CHL – Adding this one following quarterly.
Lithium – dead and buried? Conflicting signs.
Ausbiz tomorrow.
IMARC kicks off today.
TECHNICAL SUMMARY
68 stocks in the All Ords hit their 52-week low yesterday. MQG included in the list.
NASDAQ up overnight, but finished last week down 12% from the high in July.
Industrials Sector oversold on a weekly basis.
SQ2 hits a 52-week low following the NASDAQ lower.
MARCUS STRATEGY – LESS PESSIMISM
A better night but not buying – Less pessimism does not equal optimism.
Lots of Technical support levels breaking.
Bond yields keep rising despite a sharp drop in the oil price.
Lots of central bank action this week. Good excuse to do nothing.
ASX 200 up 26 after a 500 point rally on Wall Street – hard to buy this downtrend.