Our market up again – we are four days into this rally with the US CPI number to worry about tonight
ASX 200 limped to a 3-point gain to 7091 (0.04%) ahead of US CPI. Six sessions in a row. Just. CSL was the biggest drag on the index as positive drug trials in US marred outlook for medical companies. The stock fell 6,3%, RMD down 5.3% on same effect.
CBA had its AGM yesterday – the share price dropped 0.31% (hardly changed), with one…
CSL fell 6.3% today continuing its nasty downtrend, as the GLP-1 (obesity drugs) juggernaut continues to smash…
US equities finished higher overnight after a choppy session following the release of FOMC meeting…
SMALL CAP PORTFOLIO 3.00pm Updates Nothing done today. Selected lithium stocks recovering from oversold levels.…
Buy signals on the All Ordinaries, ASX 200, S&P 500 and Nasdaq are now 4 days old. There are now MACD buy signals as well. Telstra (TLS) weekly buy signal. Again. Not often traded by Australians – but there’s a buy signal on SQ2. Qantas (QAN), anyone?. Very early short-term buy signal after dropping from 670c to 490c over the Qatar debacle (not their fault).
US equities rose for a third consecutive day following more dovish comments from Fed officials…
As the market rallies on this “Dovish Pivot” there are no end of ideas to buy. From big quality stocks with weekly (more significant) buy signals (TLS, TCL, RMD, COL, APA, AWC) to interest rate sensitive sectors (REITs, Utilities, Infrastructure), to Healthcare (CSL, RMD), to “Risk On” stocks in the technology and sentiment driven sectors (Lithium). There are daily buy signals for instance, on WTC, WEB, MIN, IGO, AKE. Take your pick. The big gamble is whether this Dovish Pivot is to be believed or whether it’s a one (or three) day wonder.
SMALL CAP PORTFOLIO SUMMARY Selling into the rally. Some GEAR and some LRS. Lithium stocks…