Main events – RBA Meeting – US Jobs Numbers
SPI Futures up 45 – Resources having a bounce from the lows yesterday, from Lithium to BHP. Bond yields dipped for the first time in a while as the oil price also, finally, dropped a touch.
2.30pm Updates No changes today. DRE back trading at around the capital raising price. Some…
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%.
Good Morning everyone. We are on MARCUS LITE today with an empty office in Melbourne (State Holiday). Henry is on HENRY HEAVY, although he has a State holiday on Monday. The ASX is open on both days. We will provide a Morning and End of Day email today and on Monday. The WEEKEND newsletter will be produced as usual on Saturday.
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%. LTR slipped 1.3% on a KV update. Costs up 6% since January. Gold stocks also in demand as bargain hunters scratched around in the ashes,
The Dow fell 68.61 points, or 0.20%, landing at 33,550.27. Earlier in the session, it was up as much as 112.77 points. The S&P 500 edged up 0.02% to close at 4,274.51, while the Nasdaq Composite added 0.22% to end the session at 13,092.85.
BBUS overbought as the market falls. Oil overbought. ResMed, bouncing, but for how long.
Groundhog Day – Today we look at some of the possible trades that could get us back into the market and out of cash
Groundhog day, month, hopefully not year. The oil price is becoming a problem. Three things you need to get rich in the stock market. What are the best three long term stocks in the market – listen to my podcast with John Abernathy.