Wall St closed lower overnight. A 9.3% rise in Nvidia initially saw markets open higher…
More downside today.
Nvidia is not the market.
7700 is possible.
Why the Fed needs to cut rates
BHP/ Anglo – Are we there yet?
Nvidia trying to hold the market up on its own – and failing. Checking the charts – nothing major to worry about…yet. If I was a trader I’d be taking profits. Getting that vibe. Sell signal on the Dow Jones but it’s a rubbish index. Xero – Research after results. Might get it lower.
SUMMARY Cleared out some trades this morning as the market goes risk off. Not sitting around idly…
Nvidia is holding up the World on its own. Downgrades for Wesfarmers.
There are a lot of things in the share market that say one thing but mean another.
We survived – Nvidia up 7% in after hours trade. Good guidance. Fed Minutes didn’t impress – but a few things have changed since. BHP down 4.7% in US – put up or shut up. Happy-go-lucky bull market – enjoying it until its last.
The ASX 200 falls 36 points to 7812 (0.5%) off the session lows as defensives rallied…