• Articles
    • Views
    AUTHOR

    Tim Michaelides

    Tim Michaelides is the Head Trader at Emerald Financial Group.

Author's Posts

  • Commodities prices take a hit

    Most industrial commodities took a hit overnight Copper, Aluminium and Nickle all fell around 5%. Copper though is still up strongly for the week and has just tested its all-time high. Iron Ore also took another hit trading almost 6% lower at $116.93 US a tonne. News that China will implement trading limits and higher

    Read More
    Public
  • US markets test all-time highs

    The SP500 and Dow both closed at their all-time high resistance levels. The Nasdaq closed slightly in the red. Strong earnings results from US-listed companies continue to push markets higher. Expectations had been lowered for this US earnings season, on the back of high covid cases and supply chain issues, but so far just about

    Read More
    Public
  • Financials lead the US higher after strong reporting

    US major indices continued to push higher on Friday as reporting continues to come in strong. Many of the banks are beating expectations which have investors more optimistic for earnings across the board. Over the next 3 weeks, we will see most stocks in the US S&P500 and Nasdaq report. From a seasonal point of

    Read More
    Public
  • Strong reporting spurs buying

    US major indices leapt higher overnight on strong reporting. Many of the US banks are beating expectations which have investors more optimistic for earnings across the board. Over the next 3 weeks, we will see most stocks in the US SP500 and Nasdaq report. From a seasonal point of view, this is generally a bullish

    Read More
    Public
  • XJO to tick higher on open despite minor US selling

    US shares continued to trade in a cautious manner last night, with each of the NASDAQ, DOW JONES, and S&P500 closing lower for the third straight session. Movements were quite small and there was an absense of any major data to drive share prices in either direction. Despite the US selling, XJO futures are pointing

    Read More
    Public
  • XJO to tick higher on open despite minor US selling

    US shares continued to trade in a cautious manner last night, with each of the NASDAQ, DOW JONES, and SP500 closing lower for the third straight session. Movements were quite small and there was an absence of any major data to drive share prices in either direction. Despite the US selling, XJO futures are pointing

    Read More
    Public
  • XJO stuck below 7,300

    Markets continue to whippy sideways in a volatile fashion after the September selling seems to have come to an end. The mood in the market remains somewhat cautious which is no surprise considering the number of things happening in the background. Investors are still trying to price in US fiscal stimulus, which we still don’t

    Read More
    Public
  • Markets set for a muted start to the week

    US markets on Friday closed slightly lower but finished to week higher. We have likely seen the worst of the selling for now as the US has kicked the debt ceiling issues out to December. Investors will likely wait for the reporting to kick off before buying too much more into this market. Fastenal will

    Read More
    Public
  • US kicks the can out to December

    US markets recovered somewhat overnight after a compromise to extend the debt ceiling to fund operations through to early December. This gives the Democrats some time to come to a longer-term solution to fund the government and bides 3.5 trillion spending agenda. The major US indices did not hold the high for the day, giving

    Read More
    Public
  • Markets rebound overnight, but is this the bottom?

    US market pushed back up overnight, but at this stage, it is still unclear if we have found the bottom of this pullback or not. There is still enough uncertainty out there to see the market fall further or hold down here for a week or two. Evergrande went into a trading halt on Monday

    Read More
    Public
  • Tech heavy Nasdaq leads US markets lower

    US market sold off again last night after Evergrande went into a trading halt. Evergrande went into a trading halt on Monday as it looks to secure a rescue merger to avoid defaulting on billions of dollars worth of debt. This just added more uncertainty to the table as markets were already on edge. Markets

    Read More
    Public
  • US markets start October in the green

    US Markets closed off a whippy session on Friday in the Green. We can sentiment was mixed on the day as early selling was abated. We also saw the selling in Bond come to an end for now which signals things are calming down for now. The US dollar also retreated which is also positive

    Read More
    Public
  • US markets finish dreadful September with another fall

    US markets fell strongly again overnight, with significant falls on the SP500 and DOW JONES indices, while the NASDAQ fell for its fifth straight session. The US Senate and Congress have now passed a pill that will avoid a government shutdown this week, but the bill has not extended the debt ceiling which will still

    Read More
    Public
  • Markets cautious as Debt ceiling deadline looms

    US markets reversed most of their early gains, with the SP500 and Dow closing slightly higher but the Nasdaq finished in the red. Bonds saw some late buying which sent yields into the red for the first time since the FED meeting last week. It seems markets are now calming down again. But depending on

    Read More
    Public
  • Markets sell hard on debt ceiling and interest rate fears

    It seems our market-led the move lower yesterday, with no clear leads coming from the futures market. All three major indices sold off in the US overnight with the tech-heavy Nasdaq leading the way. It seems that the volatility for September is not over just yet as the SP500 and Nasdaq test the September lows.

    Read More
    Public
  • Local market set to give back yesterday’s gains

    It seems our market is set to see red this morning after pushing back to 7,400 yesterday. The selling came straight into the futures after market yesterday and with the weak session in the US we have the future indicating an open of 7,334 this morning. Overnight Oil continued to climb which saw the Dow

    Read More
    Public
  • Lawmakers try to prevent a US government shutdown

    US market was fairly flat on Friday as we finished off another volatile week. Bond yields continued to climb as investor price in the FED meeting. This week we will be keeping an eye on the debt ceiling issues in the US. Lawmakers will need to strike a deal by the end of the month

    Read More
    Public
  • US markets rebound as FOMC members split on interest rates

    Sentiment was mixed around the FED announcement as the SP500 whipped between 4,390 and 4,410 for most of the session. The SP500 closed 15 points below the high of the day at 4,395. The FED didn’t give a clear timeline on when they would begin Bond tapering. But they did expect bond buying to conclude

    Read More
    Public
  • Markets cautious ahead of FED Bond tapering announcement

    Overnight the US markets struggled to maintain buying as traders and investors remain nervous about how the market will react to the FED announcement tonight. All three major market indices closed in the red. Markets at this stage are shrugging off the Evergrande issues which triggered strong selling earlier in the week. Evergrande could still

    Read More
    Public
  • Evergrande triggers further selling

    When markets get some downward momentum, it doesn’t take much bad news to trigger a free fall. At one point we saw the US market free-falling with the DOW falling to almost 1,000 points lower before we saw some buying come back in. The DOW closed 614 points lower (-1.78%), the SP500 down 75 points

    Read More
    Public
  • September pullback continues

    US markets pushed lower on Friday ahead of the FED meeting on Wednesday. September is often a weak month and after such a strong climb in this period it is not surprising to see a pullback. It was also a triple witching event last week that can cause some volatility. This week we will hear

    Read More
    Public
  • Has the US market found the bottom of the September pull back?

    US markets managed to find some buying with all sectors in the green apart from Utilities. Energy was the stand out with Crude hitting back near the $72 US a barrel mark. All in all market sentiment is very mixed. We are seeing the divide in sentiment grow with many analysts from the large banks

    Read More
    Public
  • US markets continue to slide

    All sectors closed in the red overnight despite lower-than-expected CPI data. The issue is that many investors are not willing to buy in this market ahead of the FED announcement next week. Market sentiment is very mixed, which has seen some profit-taking come into the US market. We are seeing the divide in sentiment grow

    Read More
    Public
  • US Markets led higher as oil prices rise

    Reopening stocks tied to Oil pushed higher overnight. This comes after Covid cases in the US show signs of topping out again. Covid cases have been rising week on week in the US since July. This is the first week that we have seen them decline. Financials stocks also had a strong night. Market sentiment

    Read More
    Public
  • Inflation concerns stocks lower, XJO to open modestly lower

    US markets fell a material degree on Friday, with the S&P 500, the NASDAQ, and the DOW JONES finishing between 0.70% to 0.90% lower. A report showing higher than expected US producer prices stocked concerns that inflation is remaining elevated in the US economy; high inflation could trigger a tightening of monetary policy, which is

    Read More
    Public
  • Relatively minor US selling makes yesterday’s XJO move look excessive

    US markets drifted lower again overnight, with the the S&P 500, the NASDAQ, and the DOW JONES finishing between 0.25% to 0.46% lower. Prices were higher at points through-out the session but pulled back to finish near their lows. The XJO’s extremely strong selling yesterday now looks quite excessive compared to global markets, and the

    Read More
    Public
  • US shares continue to drift lower, dragging XJO futures with them

    US markets continued to drift lower overnight, with each of their major indices finishing slightly in the red. The S&P 500 was down a reasonable amount in the early session, but ticked higher throughout the day to finish only slightly lower. US weakness is again rubbing off on Australian shares, with our futures pointing to

    Read More
    Public
  • Weakness in US shares to drag Australian shares lower

    US markets reopened overnight after the Labour Day public holiday on Monday. Both the DOW JONES and SP500 indices closed lower, while the tech-heavy NASDAQ was flat. Their weakness will drag Australian shares lower for the opening of this session, with our futures pointing to a fall of about 29 points. September is historically a

    Read More
    Public
  • General optimism to send XJO higher ahead of RBA meeting

    US markets were closed overnight for the Labour Day public holiday, though their futures did close higher. Australian shares will open this session higher, though selling in iron ore yesterday may hold cause the iron ore stocks to drag on the index. Today we will see the RBA meeting for September, and while there is

    Read More
    Public
  • US shares drift at all-time highs, Australian shares to open lower

    US markets continued to drift around their all-time highs on Friday. The teach-heavy NASDAQ index was able to close slightly higher, while the S&P 500 and DOW JONES closed slightly lower. Australian shares will open this session lower, with FMG and other companies going ex-dividend this morning taking points away from the open of the

    Read More
    Public
  • Strong US jobs data and Dovish Fed comments to help XJO open higher

    US markets drifted higher again overnight with strong Jobs data and dovish comments from Atlanta Fed President Raphael Bostic. The S&P 500 has reached three record high closes in the past five session, underlining the current strength of US markets. Australian shares have will open this session higher, but we have lagged somewhat over the

    Read More
    Public
  • US markets continue to drift at all-time highs, falls in iron ore to send XJO lower on open

    Overnight US markets continued to drift sideways at their all-time highs. The NASDAQ was again the strongest of the major indices, with the tech-heavy index finishing 0.33% higher. US markets appeared happy to shake off a report that showed fewer new jobs created than expected in August, with weaker than expected economic fundamentals having the

    Read More
    Public
  • Tech leads US markets higher as XJO continues to consolidate

    The rally in markets continued overnight but Financials and Energy did not join in the action closing strongly lower. This saw the Dow Jones in the red but the SP500 and NASDAQ continue to push higher. Travel pulled back after the European Union recommended that member countries reinstate a ban on non-essential travel to the

    Read More
    Public
  • Jerome Powell ignites markets

    We saw a broad market rally that extended into commodities markets with Metals including Gold and Silver, Crude, pushing higher. This came after Jerome Powell’s speech which is normally part of a central bankers meeting in Jackson Hole. “Substantial progress has been made, downside risks are still apparent, and inflation still looks transitory. Even if

    Read More
    Public
  • Local market set to consolidate as the US closes into Blue Skies

    US markets continued to edge higher overnight ahead of a 2-day Central banks virtual meeting. Many are now expecting central banks to hold off on tapering bond-buying and leave rates on hold until around 2023. The current wave of the Delta variant around the world has been enough for analysts and FED members to become

    Read More
    Public
  • SP500 edges into all-time high

    US markets managed to switch back into bullish gear this week but the move overnight into all-time highs lacked any momentum. But that could change as we come into a 2-day virtual meeting with Central Bankers. Energy stock where the larger of the gainers last night as Crude continued to gain jumping 3% to 67.66.

    Read More
    Public
  • Local market set to edge higher as SP500 reverses last week’s dip

    US markets managed to switch back into bullish gear this week with the SP500 testing the all-time high resistance. Reopening stocks led the way as investors become more optimistic around Vaccine rollouts. The miners had another green night in their ADR’s, Copper and other base metals continued to climb. Iron Ore gave back around half

    Read More
    Public
  • US market holds uptrend with bullish signal

    US markets managed to switch back into bullish gear on Friday showing a fresh bullish signal off the uptrend line. All sectors closed in the green with Tech leading the way. We saw a wiliness to come back to riskier assets with some selling in the bond space and buying in Metals, Crypto and Nasdaq

    Read More
    Public
  • Tech sector sees SP500 close in the green

    US markets managed to close in the green after a very whippy night. The Nasdaq and SP500 closed in the green, despite very weak leads from Europe and Asia. The Dow closed slightly lower. Investors continue to digest the FED minutes which saw members split on when to start to taper bond buying. Many are

    Read More
    Public
  • FED split on Bond tapering

    US markets fell around 1% overnight and closed at their lows for the day. FED minutes saw members split on when to start to taper bond buying. This means more and more members are warming to tapering bonds soon. This is a bit of a moving target though as the current outbreak of the delta

    Read More
    Public
  • Markets in the red as Delta spreads

    The SP500 was as much as 1.5% lower last night but reversed again to only close .71% lower. Weak retail sales saw the discretionary sector off 2.31% Most other sectors were also in the red or flat except for health care which was up 1.12%. Delta continues to see daily cases increase around the world

    Read More
    Public
  • US markets reverse early selling

    US markets opened in the red following Asian and European markets lower but managed a strong rebound to close overall higher. The energy sector was the weaker of the sectors closing 1.83% lower. The Nasdaq index closed slightly lower despite making over a 1% recovery from the lows of the day. All in all, the

    Read More
    Public
  • Will positive local earning season see continued gains?

    On Friday the US market continued to add further gains but momentum is becoming very low. Financials and energy closed lower but are likely just some profit-taking after strong gains in the past few weeks. Crude Oil also fell off again. At this stage, the focus will remain on the FED with minutes from their

    Read More
    Public
  • Blue skies ahead

    Overnight the US market continued to push into blue skies, but this time is driven by Tech, Discretionary, Communication and Health Care. Whilst stock that is benefitting from Biden’s infrastructure stimulus took a break. We have now passed a lot of key information from the US in the past few weeks, From key economic data

    Read More
    Public
  • US markets back into blue skies

    Overnight the S&P500 and Dow closed into blue skies driven by Financials, Energy Industrials and Materials for the second session in a row. The push higher is on the back of Biden $550 billion in infrastructure spending. The CPI reading wasn’t as bad as some were expecting. YOY core CPI came back down to 4.3%

    Read More
    Public
  • US Infrastructure Bill sees markets higher

    Overnight the S&P500 and Dow closed higher as Financials, Energy Industrial and Materials push higher on the back of Bidens 550 billion in infrastructure spending. This will help see the US economy rebound after Covid and opens the door for the Democrats to approve a 3.5 trillion budget to spend further on their social security

    Read More
    Public
  • Local reporting beating expectations

    Overnight the S&P500 and Dow closed slightly lower, The Nasdaq closed slightly higher. The energy sector was down after Crude continued to pull back. Otherwise, it was a quiet session. Investors are waiting for more news around Biden’s infrastructure and US CPI Thursday morning. U.S. senators reconvened Sunday to work toward the passage of a

    Read More
    Public
  • Local market set to kick off reporting season into Blue Skies

    Friday the S&P500 and Dow closed in the all-time high territory. The Nasdaq closed slightly lower. Financials, Materials, Industrials and Energy sectors pushed higher. These are all sectors that will benefit from Biden’s next round of fiscal stimulus. U.S. senators reconvened Sunday to work toward the passage of a $1 trillion infrastructure bill, a top

    Read More
    Public
  • US markets showing signs of breaking higher

    Overnight the SP500 and Nasdaq closed in the all-time high territory. The Dow is still testing resistance. Technically we are seeing signs of continuation on both the Nasdaq and SP500 charts. Tonight, we will see further Jobs data. There are a few large names to report tonight and next week, but most of the US

    Read More
    Public
  • US markets stuck

    US markets are stuck consolidating near an all-time high, with the current trend still up. The extremely accommodative stance by the FED and the potential for more fiscal stimulus is creating a cushion under the market. So, the market is struggling to sell off much even in the face of weak economic data and an

    Read More
    Public
  • S&P500 toys with an all-time high

    US markets are stuck consolidating near an all-time high, with the current trend still up. The extremely accommodative stance by the FED, and the potential for more fiscal stimulus leads us to belive that US markets will break higher again soon. Reporting continues to be very strong this quarter with 90% of companies beating expectations.

    Read More
    Public
  • The US reverses early gains to close flat to slightly lower

    US markets closed slightly lower overnight being weighed down by energy after Crude pushed lower. A slightly weaker than expected PMI reading also weighed on sentiment. The recent realises of economic data in the US is showing us that perhaps the US economy running as hot as many analysts thought. Therefore, we are already starting

    Read More
    Public
  • Markets set to start August in the green

    US markets closed lower on Friday, Amazon was a large contributor closing 7.56% lower after missing on revenue and releasing weak forward guidance. Inflation data and GDP came in weaker than expected last weak indicating that the US economy has rebounded but perhaps not as hot as many thinking. The positive here is that perhaps

    Read More
    Public
  • XJO to open higher with US shares back at record highs

    Markets closed higher overnight with all the major US indices closing higher. Share shrugged off some weaker than expected economic reports to focus on yesterday’s Federal Reserve statements, which suggested that dovish monetary policy will remain for a while yet. The strongest performers overnight were Financials and Materials stocks, though nine of the eleven industry

    Read More
    Public
  • Investors take risk off the table ahead of the FED meeting

    Markets reversed overnight, despite strong earnings. It seems investors are unwilling to buy ahead of the FED announcement tonight. 10-Year yields continued to fall as money flows towards bonds. With Covid cases on the rise, it is unlikely that the FED will change anything to their current settings. There is a mixed view on Inflation

    Read More
    Public
  • XJO set to break into all-time highs

    All three major market indices reversed early selling to close into a fresh all-time high. This time led by Energy stocks. Communication services and Discretionary stocks also saw reasonable gains. Tesla beat earnings expectations by 55% with their share price rising 2.21% and a further 1.06% in after-hours trading. It was a strong night of

    Read More
    Public
  • Blue skies ahead

    All three major market indices in the US broke into all-time highs on Friday, with all sectors in the green except Energy. Although the main leaders were in communication services with the sector up 2.65%. Snap made a large contribution to the move finishing up 23.85% after beating expectations. Other companies like Google and Facebook

    Read More
    Public
  • US markets edge close to all-time highs

    It is amazing what a couple of days can do to the market, many investors were trying to pick the top, but it didn’t eventuate, and we are right back to the all-time high resistance again. It is good to see some momentum back in the market though, hopefully, this is the one that pushes

    Read More
    Public
  • Investors move back into risker assets

    Overnight we saw all three major indices closed 0.80% – 0.95% staging a strong comeback. Crude managed to push back above $70 US a barrel despite stronger than expected inventories. Bond yields shot up as investors took profit from Bond trades and moved back towards equities. US 10-year bond yields fell from 1.70% to as

    Read More
    Public
  • Strong rebound as earnings continue to beat

    The S&P500 staged a strong comeback overnight as investors buy the dip showing a strong sign that the uptrend will continue. Crude did not join in the rebound holding around 66.75 US a barrel. Financials saw the biggest gains overnight up 2.42%. Long term yields fell hard again overnight seeing the US 10 year yields

    Read More
    Public
  • US markets give some back

    The SP500 gave back most of the last three weeks gains in two sessions to come back and close at the uptrend line overnight. Fear around Delta sees investors take profit as cases in the US surged on Friday to almost 80k, which has many worried about further lockdowns. With over half of the US

    Read More
    Public
  • Will US markets finally give a little back?

    US markets sold off Friday, as investors take profit. US markets have been rising strongly into the reporting season, and for good reason as most stocks have smashed earnings expectations. Investors are starting to worry about what is to come next. Comments from Janet Yellen around inflation late last week did not help sentiment. FED

    Read More
    Public
  • Investors weighing up whether earnings have peaked

    US markets are struggling to put on gains even as company earnings continue to smash expectations. Weaker than expected Industrial data and Manufacturing data for June also dampened the mood. Fed Chair J Powell continued to testify to Congress, he was grilled on climate change, Inflation and easing regulatory rules for the Banks. At this

    Read More
    Public
  • Better than expected earnings not enough to push markets higher?

    Overnight US markets pushed out a small gain after another whippy session. It seems investors are still trying to digest the high inflation reading from the US and Fed Chair J Powell’s comments on monetary policy. At this stage, there is no sign at all that the FED is ready to change its extremely accommodative

    Read More
    Public
  • US markets close lower after stronger than expected inflation and earnings

    US markets closed a whippy session slightly lower; after inflation figures came in higher than expected. Core YOY CPI was expected at 4% up from 3.8% but came in at 4.5%. We haven’t seen readings this high since the ’90s. The big difference between then and now is that in June last year CPI was

    Read More
    Public
  • Markets get set for earnings and an array of economic data

    Overnight US markets continued to push higher as central banks signal that they are not yet ready to take their foot off the bond-buying peddle. Financials led the US market into all-time highs as investors buy banks into the earnings that kick off tonight. Energy and staples closed slightly in the red as all other

    Read More
    Public
  • Fridays rebound sees US market in the All-time highs

    Friday markets shrugged off Covid worries and bought the Dip, seeing all three major indices close into all-time highs. All sectors were in the green but the main leaders were reopening stocks with Energy, Financials and Materials all up more than 2%. Crude popped back up to $74.78 a barrel. It seems the strong flow

    Read More
    Public
  • Global market sell down sees US investors buying dip

    Yesterday and overnight, we saw a global market sell down which was somewhat triggered by investors’ thinking stock markets have overpriced the future recovery of the world economy. Japan’s state of emergency was a wake-up call for some. Markets have run somewhat hot recently with many people talking about market tops. There is a clear

    Read More
    Public
  • FED minutes indicate no rush to tighten monetary policy

    US markets closed higher with the SP500 setting another all-time high. Crude oil sold back off after hitting a new 6 years high a few days ago. The FED minutes overnight really highlighted that there is no real hurry to tighten monetary policy. Although they are talking about it, it does not seem that they

    Read More
    Public
  • XJO continues to consolidate

    US markets closed mixed overnight with the Dow falling, SP500 slightly lower, and the NASDAQ up. Crude oil sold back off after hitting a new 6 year high. Crude will likely remain volatile whilst the OPEC members continue to try and come to a deal. Many analysts are still predicting crude back to $100 US

    Read More
    Public
  • RBA in Focus

    US markets were closed for the 4th of July long weekend. The SP500 futures are flat from the Friday close. European markets saw gains overnight. Crude jumped to near a 6 year high to finish at $76.18 US a barrel. Overnight OPEC met with most party’s agreeing to increase oil production by roughly 2 million

    Read More
    Public
  • RBA on Tuesday could signal bond tapering

    US markets continued to push higher on Friday with the Nasdaq and S&P500 creating new all-time highs, with the Dow testing all-time high levels. The move higher came from Tech, Comm services and Discretionary stocks. Reopening stocks held back a little. OPEC is due to meet again sometime today to discuss oil production levels. With

    Read More
    Public
  • US markets continue blue sky run

    Overnight the US markets closed higher, kicking off the second half of 2021 on a positive note, with the S&P500 into another all-time high. The Nasdaq and Dow tested all-time high resistance. Crude pushed to a new yearly high to finish at 74.96 US a barrel. This saw the US energy sector lead the way

    Read More
    Public
  • Markets are set to rise

    Tech stocks led the move higher again overnight with all the three US major indices closing in the green. Overall, it was an uneventful night for equities. The US dollar put on gains as did Crude, we did not see a recovery in Energy or Financials though. US markets are now only edging higher, as

    Read More
    Public
  • SP500 and Nasdaq push into all-time highs… Again

    Despite energy stocks falling with Crude and Financials stocks pull back a little the SP500 still managed to push into all-time highs. This time led by the Tech which was up over 1%. Facebook jumped more than 4% after a U.S. federal court dismissed an antitrust case against the company from the Federal Trade Commission.

    Read More
    Public
  • Will Aussie shares react to Covid break out?

    US markets continue to edge higher on Friday with the SP500 into all-time highs. Financials led the gains after the US banks passed the FED stress test and gave them the green light to increase dividends and buy back shares again. Tech was the only sector in the red. Crude continues to add gains sitting

    Read More
    Public
  • Biden’s infrastructure progress sees US into all-time highs

    US markets edge into all-time highs overnight after the Biden administration gained support for the next round of fiscal stimulus. The decision to push forward on only part of the original infrastructure bill whilst not increasing the corporate tax rate seems to have the support needed to push it through. They will still need to

    Read More
    Public
  • Aussie equities pullback, whilst US tests all-time highs

    US markets closed mixed overnight with the Nasdaq edging into all-time highs and the SP500 closing at the all-time high resistance level. Crude and other Commodities either edged higher or held gains. We continue to hear from FED members and Janet Yellen regarding monetary policy and inflation. There is defiantly a mixed view on this.

    Read More
    Public
  • US markets continue to rebound

    The S&P500 last night closed just shy of the all-time high, whilst the Nasdaq pushing through into Blue skies. Most sectors closed in the green, with Real Estate and Utilities closing slightly lower. Commodities started to recover with most base metals up over one percent; Crude is holding strength at $73.00 US a barrel. With

    Read More
    Public
  • ASX set to rebound

    Markets overnight staged a strong rebound as buyers were willing to come back in. At the end of the day, the fed is unlikely to make changes any time soon. The fact of the matter is there is likely to be a lot of growth in the coming years before the central banks lift rates.

    Read More
    Public
  • XJO set to open over 100 points lower

    Last weeks FED announcement saw many market commentators use the word Hawkish, this is a word we have not seen for a while, and it has many investors worried. This has many taking profit after the S&P500 and the Nasdaq tested new all-time highs. The US dollar index has jumped strongly whilst government Bonds see

    Read More
    Public
  • China crackdown sees metals crash

    Overnight US markets closed mixed. The Nasdaq pushed into a fresh high, as the Dow continued to sell off and the SP500 closed flat. Many were expecting the US markets to become volatile this week on the back of the FEDs announcement where they moved forward their expectations of rates hikes to 2023. At this

    Read More
    Public
  • US markets whip as investors wait for the FED

    US markets whipped around as the Tech heavy NASDAQ gives back yesterday gains and the SP500 closes flat. Energy stocks led the rebound as Crude climbed back above $72US a barrel. Otherwise, it was an uneventful night. Investors will be waiting for the FED to deliver some guidance on when they expect to start tapering

    Read More
    Public
  • The SP500 grinds into an all-time high

    Over the past two sessions, the SP500 pushed into an all-time high, but this time lacked the same enthusiasm as recent breakouts. With the move higher more of a grind higher it often can continue to just grind higher and higher over a period. Rather than jump all at once and then pull back or

    Read More
    Public
  • The SP500 attempts an all-time high

    Overnight US market rose despite stronger than expected CPI numbers. The current sentiment coming from the FED though is that this will only be transitory and that inflation will fall back to normal levels. What the FED is actually aiming for is for inflation to stay at the 2% target range once it comes back

    Read More
    Public
  • Markets continue to consolidate ahead of CPI reading

    US markets were flat again overnight as the S&P500 continues to consolidate just below all-time high resistance levels. Investors in the US will likely remain on the sidelines until either the CPI reading tonight or the FED next week. Many are hoping to see the FED next week give some indication of when they will

    Read More
    Public
  • Market set to rise as Iron Ore rebounds and Oil breaks $70 US

    US markets where flat again overnight as the SP500 continues to consolidate just below all-time high resistance levels. Crude broke above the $70 US level for the first time since 2018. Iron Ore also pushed higher overnight retracing a sell down earlier in the week. Investors in the US will likely remain on the sidelines

    Read More
    Public
  • XJO set to hold near 7,300

    Markets were mixed overnight, European markets were slightly higher with some markets breaking further into all-time highs. The Dow and SP500 closed slightly lower as the NASDAQ edged higher. All in all, it was an uneventful night. US markets may struggle to put on a gain until after Thursday after CPI is realised. Then many

    Read More
    Public
  • SP500 on all-time high resistance

    Unemployment on Friday came in better than expected, but not low enough for investors to worry that the FED will start to taper. Thursday we will see a CPI reading with Core CPI expected at 3.4%. Even though this is higher than the FEDs normal target, the FED has indicated they are expected a temporary

    Read More
    Public
  • US markets reverse early sell down

    Overnight US markets closed slightly lower after a very weak start. Nasdaq stocks lead the move lower with the Nasdaq finishing the day 1.03% down. The is S&P500 just consolidating below the all-time high. Strong jobs data and services PMI numbers in the US are showing strong signs of an economic rebound. But Investors are

    Read More
    Public
  • Aussie Markets push further into all-time high after strong GDP

    Overnight US markets closed slightly higher, with energy being the key gainer. The is SP500 just consolidating below the all-time high. Meanwhile, the XJO is surprising many to the upside, it is rare to see the index break resistance without US leads. I see many key reasons that could be causing this, GDP came out

    Read More
    Public
  • Markets have a go at all time highs, but fail

    US markets reopened after a long weekend, pushing higher but gave up all the gains to close slightly lower. The SP500 tested all-time highs briefly but didn’t have the momentum to breakthrough. We will likely need a catalyst to see the market break higher from here. All eyes will be on the FED this week

    Read More
    Public
  • European markets edge lower as the US enjoys a long weekend

    US markets were closed, so with the lack of leads, our futures followed the leads from the European markets which closed slightly lower. Yesterday our market pulled back after testing the 7,197 all-time high. It is unlikely to see our market sustain moves into an all-time high unless the US also breaks higher. With the

    Read More
    Public
  • US markets near closer to all-time highs

    The S&P500 edged higher on Friday, getting closer and closer to all-time high territory which is only 34 points away. The XJO on Friday managed to create a new closing all-time high but didn’t trade as high as the 7,197 level just before the covid pulls back. With the major indices testing with all-time highs,

    Read More
    Public
  • US economic data better than expected

    US Jobless claims came in lower than expected at 406K showing promising sign of recovery. Pre Covid-Jobless claims where as low as 200K per week but got as high as 6,800K a week at it’s worst last year and has been on a steady decline over the past month. At the same time GDP came

    Read More
    Public
  • XJO stuck in a range

    It was an uneventful night overnight, with the S&P500 nearing the all-time high again at 4,238, it is not uncommon to see traders hesitate again. The big question every time these levels are tested is will it break this time? Markets are likely to continue to whip sideways to higher until the next catalyst kicks

    Read More
    Public
  • Markets off to a positive start to the week

    Markets across the board rebounded overnight with all sectors in the green except Utilities. Tech and Communication services were the standout sectors. The technology sector and shares benefiting the most from the economic reopening led the advance. Commodities and metals put on gains except for Iron Ore which broke back below $200 US a tonne.

    Read More
    Public
  • XJO still testing 7,000

    Markets generally finished last week lower. The selling was just isolated to one sector or market. We saw selling across the board at one stage last week. Looking at most of the major indices though there is a lot of support close by, and with not much changed out there we would expect this to

    Read More
    Public
  • Tech leads markets higher

    Buyers came back into the Tech and Communications services sending US markets higher. Value got left behind as Crude pulled back whilst metals remained weak. A Potential ease in tensions in the middle east saw traders jump out of Crude. Crude falling generally sees weakness in US Financials and Energy sectors, and with no life

    Read More
    Public
  • Selling across the board

    Markets took a heavy dive in the past session will selling across most asset classes. Commodities took a hit including Precious and Base metals, Crude, Iron Ore, and Crypto Currencies. But we did see another buy-the-dip rebound, with some late buying which saw the Nasdaq and SP500 close almost flat after being down almost 2%.

    Read More
    Public
  • XJO set to test 7,000 again

    It seems markets are not ready to push higher just yet. Crude was slightly lower which saw Energy lead the selling. Energy put on strong gains in the past week so no surprise to see a pull back. Most markets saw a small amount of selling overnight Commodities where generally a little bit off their

    Read More
    Public
  • Crude rises, Markets rebound, Silver and Gold rise

    It was a bit of a messy market overnight in the US, Energy and Materials finished in the green with most other sectors in the red. The Nasdaq has almost hit correction territory last week and then took off on Friday as many investors come in to buy the dip. This came into play as

    Read More
    Public
  • Markets rebound and look bullish

    Markets have now shrugged off inflation worries, seeing investors pile back into equities with all sectors in the US rebounding. Crude Oil jumped back to 65.30 seeing the US energy sector the best performer on Friday. Both the SP500 and Nasdaq are looking bullish after finding support and breaking the counter trend line. Locally the

    Read More
    Public
  • Aussie markets set to rebound as investors digest strong US inflation

    Inflation jumped higher than expected in the US Wednesday night which saw many investors jump out of the market. One reading of high inflation is not enough to see central banks raise rates. It is also not as simple as that. It is only normal to have a spike in inflation following such a slump

    Read More
    Public
  • Strong CPI sees investors hit the sell button

    Inflation jumped higher than expected in the US which saw many investors jump out of the market. Inflation was expected to bounce back with all the stimulus being splashed around. It is also rebounding from a low base caused by a slow down in the economy from Covid. The biggest issue here is that investors

    Read More
    Public
  • US markets recover from the early selloff

    Overnight US markets crashed in early trading but reversed much of the sell-down. The Nasdaq reversed after falling almost 8% from recent highs. The SP500 rebounded from 4,100 to close only 0.87% lower, but the Dow struggled to rebound as Financials and Energy remained weak. Most of the rebound was led by Nasdaq stocks with

    Read More
    Public
  • XJO set to give some back after testing all-time highs

    The US Tech space continued to sell-off overnight with many of the big names breaking key support levels. The Nasdaq itself also broke the 13,500 support. The next support which also fulfils the double top on the Nasdaq is at 13,250, which is the level to watch this week. Although the Nasdaq looks bearish the

    Read More
    Public
  • Pipeline Cyberattack has investors eyeing off Crude, Iron Ore Soars

    US markets pushed higher Friday again finding fresh all-time highs. The Nasdaq rebounded but struggled to hold onto gains indicating that appetite for this space may not have returned just yet. The SP500 and Dow both closed on their highs. Commodities continue to run higher, With Copper and Iron Ore continuing to push into all-time

    Read More
    Public
  • Nasdaq pulls back, with selling in Tech, Discretionary, and Communication Services

    The high growth space that held strong through Covid sold off strongly overnight following Janet Yellen’s comments on Interest rates and a global minimum tax. The Nasdaq closed 1.88% lower around 5% from recent highs. The SP500 closed only .67% lower. We have been saying this for a while, Value should outperform growth this year.

    Read More
    Public
  • Markets continue to consolidate at top of the range

    Overnight the S&P500 edged out a gain but still held below the all-time high, the Nasdaq closed slightly in the red. Metals were the standout overnight with Silver up over 4%, Gold up 1.57%, and Copper up 1.60%. Recovery stock led the move higher in markets overnight, Energy was the strongest sector after rebounded Friday’s

    Read More
    Public
  • US markets break higher again but with low momentum

    Overnight US markets broke higher after a whippy session, although moved with low momentum. It seems with every move higher there is less participation. Earnings continue to beat but some companies are struggling to display confidence in future earnings. Reporting stocks overnight closed relatively mixed. Most sectors closed in the green. Financials led the way

    Read More
    Public
  • US markets continue to consolidate

    Overnight the US markets stalled again near the all-time highs as the FED left monetary policy where it was and will continue to stay very accommodative to help stimulate the economy. Bond didn’t move much but the US dollar pulled lower. Mixed reporting saw investors switch from Microsoft into Google. This week there is plenty

    Read More
    Public
  • US markets stall, Local market set to edge higher

    Overnight the US markets stalled again near the all-time high as investors await aftermarket reporting. Google is up 5% in after-market trading following a strong report, Visa is up 1.1%, AMD up 3.87%, Starbucks down 1.76%, and Microsoft down 2.57%. This will be another large week of reporting which so far, around 84% are beating

    Read More
    Public
  • US Nasdaq and SP500 push higher ahead of key reporting

    The first-quarter earnings season kicks into high gear tonight in the US with key companies such as Alphabet, Microsoft, Starbucks, and AMD reporting after the bell. So far it has been an impressive reporting season, with about a third of the S&P 500 having reported numbers, 84% of companies have beat earnings expectations. What the

    Read More
    Public
  • Markets become whippy after strong April

    April so far has been a strong month with the S&P500 moving up around 8% since late March. The XJO has gained 5%. Earnings in the US are continuing to recover and beat expectations. Economic data is also improving but not at a pace that investors are worried about increasing rates. This week will be

    Read More
    Public
  • US Markets give back the previous day’s gains

    US markets closed lower overnight, with many blaming President Bidens Tax agenda. He has put on the table doubling the Capital Gains tax to try and target the wealthy. This directly affects Equity traders and Investors and could be just the reason for markets to pull back a little after such strong gains. All sectors

    Read More
    Public
  • Markets rebound and looking bullish

    The SP500 rebounded yesterday showing a bullish technical strong signal. It looks likely that the US markets will continue further into all-time highs. Reporting continues to beat expectations which is a strong short-term factor. Most sectors closed in the Green see strong gains in all major US indices. What the US markets do next will

    Read More
    Public
  • Markets continue to give some back after strong moves higher

    US markets continue to drift lower, as traders take profits. It is not surprising to see a small pullback here considering the US market has increased over 8% over the last 4 weeks. Earnings season has been strong so far, with over 80% of companies beating on EPS. What the US markets do next will

    Read More
    Public
  • US markets give back despite strong reporting

    This reporting season is starting to demonstrate a strong recovery for large companies in the US that were hit hard by Covid. This leads one to believe that the rest of the US economy is on track and nearing pre-Covid levels. IBM closed slightly lower overnight but is now up over 3% in after-hours trade

    Read More
    Public
  • US markets continue to set new highs

    US markets continue to push higher as investors continue to enjoy strong US company reporting along with strong Building and Housing data. The data we saw last week highlighted the extreme strength of the US economic recovery. Locally some of our banks report early May and most Miners and Energy stocks will have quarterly production

    Read More
    Public
  • Strong economic and earnings reporting sends US markets to fresh highs

    Overnight, the US markets jumped strongly higher, with positive retail sales, industrial production, and jobless data helping to power US shares higher. US company earnings reporting was also extremely positive and just about every large company that reported beat their earnings expectations. The data overnight highlighted the extreme strength of the US economic recovery. The

    Read More
    Public
  • US Banks beat expectations

    Overnight, the US markets closed mixed, as selling in Tech stocks offset gains in strong Bank reporting. The SP500 retreated slightly from its all-time high. Over the next few weeks, markets will be focusing closely on US reporting. So far it is a strong start, but most of this is likely to be already priced

    Read More
    Public
  • Negative Vaccine news holds US markets back

    US inflation came in only slightly higher than expected easing worries that hyperinflation was kicking in. But news the J&J will put a hold on their vaccine as the CDC does a review saw reopening stock pull back a little. Despite this Tech drove the SP500 into a fresh all-time high. Longer-term yield came back

    Read More
    Public
  • US markets stall ahead of key CPI data

    With everyone worried about inflation we are seeing markets pause ahead of this week’s CPI reading. At this stage, analysts are expecting a slight increase in YOY CPI from 1.3% to 1.5%. CPI will come out before the US market opens tonight. Markets were flat overall last night, whilst the Asian / Pacific region yesterday

    Read More
    Public
  • US market uptrend continues, more blue skies ahead

    The Dow and S&P500 pushed further into all-time highs on Friday as investors believe strong growth is coming on the back of more stimulus and a successful vaccine rollout. US reporting will be in focus this week as investors expect to see quarterly growth improve as the US economy continues to slowly reopen. The buying

    Read More
    Public
  • Is the XJO going to 7200?

    Yesterday the XJO blew through the 6,950 resistance, finally playing some catch-up to US markets which pushed further into Blue skies earlier in the week. We saw the 6,950-level tested again as support in the futures market overnight. If this level holds technically the XJO looks bullish back to 7,200. Overnight the US markets managed

    Read More
    Public
  • XJO set to test key resistance

    It was another uneventful night last night as investors and traders ponder on the next short term move in the market. This is common after such a strong move higher than we saw over the Easter period. All in all, markets have everything they could want- Fiscal Stimulus from the US, extremely accommodative central banks,

    Read More
    Public
  • US markets take a breather

    It was an uneventful night last night with the US markets taking a breather after a strong break higher into all-time highs over the Easter period. All in all, markets have everything they could want- Fiscal Stimulus from the US, extremely accommodative central banks, and the reinsurance that rates will stay low for a long

    Read More
    Public
  • XJO set to rise 110 points on open after, US markets smash into All-time highs

    The combination of strong jobs data and the Central bank’s willingness to stay accommodative for a long time saw the US markets smash higher over the past two sessions. For both sessions, our market was closed. So, it seems that we have a little bit of catch-up to do today. We have been saying this

    Read More
    Public
  • Tech leads gains as investors mull over Bidens infrastructure plan

    As President Biden releases details of a 2 trillion-dollar infrastructure plan, US markets edge higher. It was surprising that it was mainly the Tech space that led the move last night. At this point, I’m not reading too much into that. Tech could still come under pressure if bond yields continue to rise. 2 Trillion

    Read More
    Public
  • Markets waiting for infrastructure details

    Markets continue to whip around as the Biden administration nuts out the next round of government fiscal stimulus. Markets are eager to see how they will fund the bill with many expecting a rise in taxes. Bond Yields are rising again but have not pushed any higher with the US 10-year no being able to

    Read More
    Public
  • US markets finish relatively flat with tech shares again holding back

    Movements were mixed across the different sectors overnight, with Oil & Gas, Technology stocks, and Financials closing lower on average. Telecoms and Utilities were the strongest performers on the night. Technology stocks continue to be a massive drag on the major US indices, with tech stocks lower on average across the month of March, which

    Read More
    Public
  • US markets smash higher with Vaccine roll out and Crude higher

    All sectors except Communication services closed in the green. There were several different things on Friday that led to this move. President Joe Biden announced an update on the Vaccine roll out they are aiming for 200 million Covid Vaccination shots to be distributed in the first 100 days. This saw reopening stocks shoot higher.

    Read More
    Public
  • Markets continue to whip sideways

    Value continued to be the theme overnight with Financials, Materials, and Industrials leading the market higher. The energy was one of the weaker sectors after Crude crashed back down again. Markets are a bit lost in the short term but the medium to longer-term indicators still look bullish. The US is acting more swiftly to

    Read More
    Public
  • Value holds with Crude Oil rebounding

    Value stocks grabbed a bid overnight as Growth/Tech lead the US major indices lower. All in all, though markets in the short term are whipping sideways. Any theme in this market is not lasting more than a day or so at the moment. As President Joe Biden’s infrastructure deal become closer to reality we expect

    Read More
    Public
  • Markets pull back as France and Germany lockdown

    Crude Oil crashed along with other commodities and metals following news from France that they are going into a month-long lockdown. Germany is also extending their lockdown over Easter. This is likely going to be only a short term pullback in markets as Janet Yellen and Jerome Powell continue to support further stimulus in the

    Read More
    Public
  • US markets climb as Bond yields remain steady

    Overnight the Tech space led the move higher, as bond yields remain steady. It is a hard space to read right now. The reality is that the 10-year US and Australian yields could easily continue up to 2% or above. Unless investors shift their perspectives on this then Growth stocks could continue to be volatile.

    Read More
    Public
  • Markets continue to whip around, is a breakout coming?

    It seems the theme in the market changes almost on a daily basis, seeing markets just whip around. With vaccines and stimulus now rolled out, we are likely to see the Value space continue to hold strength and eventually rise further. Growth stocks are under pressure with the longer-term yields pushed higher. So it seems

    Read More
    Public
  • US 10-year bond yields going to 2%?

    The Nasdaq got hammered overnight after the US 10-year bond yields hit their highest levels since Pre-Covid. The move higher in the longer-term yields saw Tech, Discretionary, and Communication services smash lower. Many expected this space to cool down after the FED comments Thursday, but Bond investors continue to sell out of the long-term part

    Read More
    Public
  • FED Chair confirms rates will stay low

    Markets got what they wanted last night as the FED confirms that they will keep rates low until at least 2024. They want to see a prolonged period of strong inflation before taking any action. He also said there would be plenty of warning before they will make policy less accommodative. US DOW and SP500

    Read More
    Public
  • Markets remain flat going into the FED meeting

    Markets in the US took a breather overnight after strong gains as investors become cautious of what message Jerome Powell will send out tonight. The recent worries around inflation have been a hot topic after he suggested there could be a spike in inflation soon. We would expect more detail from him this time and

    Read More
    Public
  • US markets push into blue sky territory

    Overnight the DOW continued its 7 days run into Blue Skies, as the SP500 finally breaks resistance. We saw buying across most sectors, except Financials and Energy which closed slightly lower. Tech and Discretionary had a good session as Bond yields pulled back. Janet Yellen Secretary of the Treasury is helping to keep the calm

    Read More
    Public
  • Markets set for an uncertain start as Bond yields jump higher on Friday

    US markets closed higher again on Friday with the Dow closing into all-time highs, the SP500 is flirting with all-time highs whilst the Nasdaq closed slightly lower. The Value/Recovery space was favoured on Friday as long-term Bond yields continued to rise after a week of sideways movement. Bonds could continue to rise into Wednesday nights

    Read More
    Public
  • US Markets push higher to test all-time highs

    Markets are very mixed as investors regain confidence. The Nasdaq broke the downtrend overnight, The Dow has broken into all-time highs and the S&P500 closed on all-time high resistance overnight. There is a battle between Tech and Value, but most value stocks continue to hold trend whilst Tech rebounds. This is a strong bullish sign,

    Read More
    Public
  • Value rebounds, Tech showing signs of bottoming out

    Markets are a little bit all over the place at the moment, struggling to maintain any real theme in the short term as things continue to whip sideways. But Value and Recovery stocks remain strong overall. The theme of Value should continue to be strong in this environment. If Tech finds support here and rises

    Read More
    Public
  • Is this the end of the rotation out of Tech?

    Overnight buying came eagerly back into the tech space seeing the Nasdaq close 3.69% higher. Tech was 3.41% higher and Discretionary up 3.80%. The move higher in this space is likely a result of Bond yields topping out and the positive sentiment towards the US $1,400 stimulus cheque. We saw a change in the theme,

    Read More
    Public
  • Rotation out of overpriced Tech see Nasdaq in Correction territory

    US markets closed mixed as investors continue to rotate out of Growth and Tech into Value and Recovery stocks. The rotation continues as investors continue to worry about inflation which is seeing continued selling in bonds. Oil came back strongly after reaching US $68 dollars a barrel. Copper remained weak but at higher levels as

    Read More
    Public
  • Fed fails to reassure investors

    With bond yields continuing to climb investors continue to worry about overvalued growth stocks. The theme in the market is investors selling overvalued tech stock and buying stocks that will benefit from the economic recovery. Considering the progress of Vaccines, coupled with all the stimulus and extremely accommodative monetary policy, there is no surprise that

    Read More
    Public
  • Tech get slammed as investors continue to switch to recovery stocks

    The theme in the market has come back to selling overvalued tech stock and buying stocks that will benefit from the economic recovery. Considering the progress of Vaccines, coupled with all the stimulus and extremely accommodative monetary policy, there is no surprise that investors are jumping out of stay-at-home stocks. The only thing that was

    Read More
    Public
  • Markets whippy as bond market come back under control

    US markets struggled to maintain upward momentum overnight with all sectors in the red except Materials. Metals were up strongly but Crude pulled back which led markets lower. It seems more and more likely that we could continue sideways here as the tug of war continues. We are seeing a lot of negative articles suggesting

    Read More
    Public
  • Markets continue to rise as Central Banks step in to support the Bond market

    Yesterday we saw the RBA announce that they are doubling their bond buying to support a market running away. Also, it seems the FED stepped in overnight, seeing the US 10-year bond yields track sideways for the session. This with the progress in Biden stimulus has seen a renewed optimism in markets. If you take

    Read More
    Public
  • US fiscal stimulus passes the house

    Over the past few weeks, we have seen massive selling in the Bond space. It started in the longer-term space, but late last week we saw a broader sell-off across all maturities. The selling came from fears that Inflation would start to rise too quickly given the amount of stimulus in circulation. However, Investors piled

    Read More
    Public
  • Market sells off in fear as bond yields across most maturities jump higher

    Overnight US equities fell sharply, after Bond yields in almost all maturities sored. But this time in particular short-term maturities. This is a signal that investors are now expecting an increase in rates sooner rather than later. For Yields to move like this it means everyone is trying to exit the bond space at the

    Read More
    Public
  • Recovery stocks lead markets higher

    Overnight the Dow Jones index closed in blue skies whilst the SP500 put on modest gains. Investors continue to pile into companies sensitive to an economic comeback. Fed Chair Jerome Powell gave investors’ confidence to look past the risk of inflation and rising interest rates. The recovery theme continues with strong buying in any company

    Read More
    Public
  • Powell relieves inflation fears

    Long-term bond yields over the past few weeks has been rising strongly, adding fear to the market that inflation and rising interest rates are coming. The market has been weak on the back of this. But overnight FED chair Jerome Powell relieved some of the concerns about higher interest rates and inflation. This saw the

    Read More
    Public
  • Tech and Discretionary shares drive US lower

    Overnight the US markets sold off led by the Tech, Discretionary, and Utility stocks. The Dow Jones closed in the green. Crude pushed back above $60 US and commodities continued to rally. Recovery stocks are staying strong as investors switch out of overbought growth stocks. Expected infrastructure spending around the world is seeing the likes

    Read More
    Public
  • US markets hold strong as the Aussie market sells off

    Friday the Australian market sold off strongly compared to most other markets. We initially sold off following the Asian region lower, but Asian markets recovered whilst we closed heavily lower. Over the weekend we then saw the AUD rise strongly and the 10-year yields jump again. Investors continue to sell out of the long-term bonds

    Read More
    Public
  • US markets closed slightly lower

    US market recovered most of the early sell-down. All sectors except Utilities closed slightly lower overnight, Energy was the standout closing 2.27% lower. Traders took profit as Crude fell back to $60 US from $62. The move higher in the Long term bond yields could be finding a roof here. The selling in the long-term

    Read More
    Public
  • Rotation out of Tech into Energy and Banks

    The US market for the second day in a row saw some selling out of Tech into Energy and Banks. Energy stocks are seeing another round of buying after storms in Texas saw Crude Oil jump above $60US. Financials also continue to catch a bid as they benefit from a steepening yield curve. The Major

    Read More
    Public
  • Local markets set to rise on strong reporting

    Overnight the US was closed, European markets closed in the green, BHP in its London ADR closed over 4% higher. Base metals and Crude Oil held gains, and long-term bond yield continued to climb. US futures also finished their session in the green. Risk on buying in Equities is set to continue. BHP has delivered

    Read More
    Public
  • Futures point to a strong start for the week

    It seems the risk-on attitude has not gone away. Bond yields continued to climb as we see investors sell out of bonds. The flow of money seems to be coming back into the recovery space. We are seeing the likes of Oil continue to rally, alongside other metals like Copper and Aluminium. US markets also

    Read More
    Public
  • Markets consolidate

    US markets were uneventful overnight, Bonds yields edged higher, Oil gave a little back, and metals closed slightly higher. It seems the market has found its next key reflection point and is waiting for the next catalyst to drive it higher or lower. Markets rose strongly over the last week, so there is no real

    Read More
    Public
  • Buying in Bonds see equities momentum dissipate

    Money is flowing back into bonds as we see the US and Australian 10-year bond yields fall. US 10 year down 2.83% and Aus 10-year down 2.97%. This does not mean the market is bearish or going to start a bearish trend any time soon. It is likely though that markets could pull back a

    Read More
    Public
  • US market closes flat as ASX set to rise

    It was a very uneventful night, the SP500 and Dow closed slightly lower, the tech-heavy Nasdaq closed slightly higher. There is no surprise that the markets are taking a breather after such a strong move. We saw Metals, Iron Ore and Crude all hold strength overnight. We still feel that Materials stocks locally are still

    Read More
    Public
  • Recovery stock continues to push markets higher

    Banks, Energy, Industrials, and Materials are getting a lot of attention as investors continue to buy stocks that will likely outperform as the COVID recovery sets in. With almost 10% of the population having their first Vaccine shot and almost 3% fully Vaccinated there is light at the end of the tunnel in getting the

    Read More
    Public
  • Aussie reporting set to kick off, US continues into blue skies

    US markets continued to rally into Blue Skies Friday, this time hitting another record high. All sectors closed in the Green except Tech. Financials were flat, Materials were the stronger sector. Oil and many base metals rallied. US 10-year yields continue to rally, when bond yields go up it means people are selling out of

    Read More
    Public
  • Nasdaq and S&P500 hit record highs

    US markets continued to rally this time hitting another record high. All sectors closed in the green except materials. Financials were the standout as Oil keeps rallying and the Yield curve continues to steepen. Gold fell off but other metals held or pushed higher. Iron Ore also recovered some of the sell down from last

    Read More
    Public
  • Local markets set for a soft open, US market close flat

    US Markets close flat after two strong sessions which recovered the volatility of last week. The US SP500 is nearing all-time highs again. It was a fairly mixed night in the US, strong reporting saw Google 9% higher, but Amazon pulled back, the Nasdaq closed slightly in the red, with Energy, Financials and Communication Services

    Read More
    Public
  • Fiscal and Monetary policy continues to buoy markets

    Overnight we saw another strong night from the US as markets continue to rebound the pullback that started with the short squeeze on GameStop. Investors attention is back on the US government as the US Democrats continue to push for more Covid stimulus aid. The FED continues to hold strong on their extremely accommodative stance.

    Read More
    Public
  • Local markets are set to continue yesterday’s rally

    Markets are set to continue higher as traders and investors start to wrap their heads around the whole short squeeze situation in the US. The initial move lower was out of fear and uncertainty. But at the end of the day, nothing has changed in the background. US reporting has beat expectations, the US Fed

    Read More
    Public
  • Reddit traders at it again

    Friday we saw heavily shorted GME (GameStop) targeted again seeing the share price shoot back up to $325. It all started last week a horde of traders rushed to buy the video game company’s stock in an attempt to crush short-sellers and drive its price to astronomical levels. This has left the rest of the

    Read More
    Public
  • Market rebound not very convincing

    Overnight we saw the major indices in the US recover most of the move down in the previous, but the buying did not last. In the last hour, markets gave back around half of the day’s gains. The noise from GameStop will likely just go away over the next week, with the sell-down yesterday in

    Read More
    Public
  • Markets pull back overnight – a buying opportunity?

    US markets fell off their perch overnight with the DOW, SP500, and Nasdaq closing 2 – 2.5% lower. Traders got a wake-up call that many stocks are being bought up way past fair value on the back of speculating. Last year we saw the rise of inexperienced traders hitting the market taking advice from social

    Read More
    Public
  • US markets slip into the red in late trade

    Looking at the SP500, momentum has been softening in the past 4 sessions. But with the trend still up we expect the index to continue to put on gains. What we are seeing is investors sector and stock switching as we continue to receive more and more earning updates. US company reporting is ongoing, with

    Read More
    Public
  • US Nasdaq pushes higher, but most other sectors close in the red.

    Tech and communication services continue to push higher on strong reporting. Intel, IBM, Seagate all beat earnings expectations. We are seeing a switch towards these sectors for the moment as investors and traders race to get exposure to the up and coming reporting. Value stocks that are tied to the economic recovery are not necessarily

    Read More
    Public
  • US Markets hit record highs as Joe Biden becomes president

    Another 1.9 billion in US COVID aid is one of many things Joe Biden and his team will be pushing for in the coming months. Once again it is all about stimulus in the current market. How this plays out in the coming months will affect sentiment. A stimulus package this big will be difficult

    Read More
    Public
  • US markets edge higher, as Yellen calls for more fiscal stimulus

    US markets closed slightly higher overnight sending the Nasdaq back to the all-time high resistance. The SP500 and DOW are holding support and the uptrend. Reporting in the US continues to beat earnings expectations. Many of the banks that fell on Friday pushed higher overnight. We will start to see some Tech and Communication companies

    Read More
    Public
  • US market closed for Martin Luther King Jr. Day, XJO set to rise

    With the US markets closed overnight there was not much activity to lead markets. European markets managed to edge out a gain after opening in the red. US reporting is just starting, so far, the banks have beat earnings expectations. The banks fell on Friday, but that was already after some incredible moves higher. We

    Read More
    Public
  • Markets set for a weak start to the week

    Friday, we saw Oil and metals fall, as a result, BHP and RIO were down in their ADR’s 3 to 5%. Financials were also down in the US with the banks reporting late last week. The banks beat expectations, but that was not enough to keep the rally alive. JPMorgan was up around 50% since

    Read More
    Public
  • Markets consolidate as investors look for more detail on US fiscal stimulus

    The energy sector was the only strong sector overnight, with Oil continuing its rally. Financials, Real Estate, and Industrials managed to see a slight push higher. Whilst the rest of the sectors saw major US indices close in the red. We are starting to see more and more articles arise that commodities and commodities stocks

    Read More
    Public
  • Why use Mini Warrants to trade the market over buying stock?

    First off, a Mini Warrant is a derivative. Which is a financial product that derives its value from something else. So, derivatives on a stock like CBA go up and down in value depending on what CBA’s share price does. There are many different types of derivatives that have different levels of leverage and functionality. Some of

    Read More
    Public
  • US markets close slightly higher as Donald Trump gets impeached

    What an eventful start to the year for US politics. Democrats managed to get a majority in the House and now the senate. And now Donald Trump gets impeached for a second time in the house. With all this happening US markets continue to edge higher. This just shows how quickly market influence can change.

    Read More
    Public
  • XJO set to open slightly lower after mixed night in the US

    US markets traded in the red early in the session but closed in the green. The buying came back in after the FED once again reconfirmed that low rates and accommodative policy are open-ended. As we know markets continue to rise on the back of more and more stimulus. As long as the mood is

    Read More
    Public
  • Markets take a breather as investors take some risk-off

    It is strange to see both selling in long term bond yields at the same time as riskier assets also sell. Over the past few sessions, we have seen Crypto, Gold, Equities and some base metals all sell-off. Often if we see selling in bonds (bond yields going up) we see money flow into riskier

    Read More
    Public
  • XJO set to break to the upside.

    With all the noise of the US run-off election out of the way we are seeing fresh all-time highs in the US, and it seems we are also set to break higher today. Nothing has changed really, the equities markets are a balance of Virus, Lockdowns, Stimulus, and Vaccine. With the Democrats winning control of

    Read More
    Public
  • US markets continue higher, Trump to be forced out early?

    It is interesting to watch how markets react to politics. Many investors where spruiking that the markets would correct if the democrats won the runoff. Instead, it rallied. What this tells us is that right now the market is all about stimulus. Markets want more US fiscal stimulus, they want more central bank stimulus. This

    Read More
    Public
  • XJO set to open above 5,700 as Democrats eye off senate victory

    At this stage it is likely that the Democrats have won both senate seats, but it is still to close to call. It was widely thought that a Democrat win of the senate would end with the markets correcting downward. What we saw last night on the market was not the case. What we have

    Read More
    Public
  • Trading the market in 2021 – The events to watch out for

    The last quarter of 2020 had to be one of the more predictable periods in the market for some time, but that is likely not to change coming into 2021. As per any US election year, the market was very sideways coming into the election but extremely bullish coming into the end of the year.

    Read More
    Public
  • Energy leads the US higher after Crude tests $50.00 US a barrel

    Saudi Arabia overnight agreed to cut production more than expected which saw Crude push to $50.20 US a barrel. It now sits at $49.84. This saw the energy sector up 4.53%, it was the value space that led the market higher overnight. (Materials, Industrials, Energy.) The Georgia runoff election is in full focus. Many are

    Read More
    Public
  • US markets become nervous, after testing all-time highs

    US markets closed lower overnight as Georgia go back to vote on the Senate run-off election. Markets could continue to pull back if the Democrats win both Georgia senate seats. This would mean that the Democrats will have the majority in the House and the Senate. This makes the market nervous as President-elect Joe Biden

    Read More
    Public
  • How will the Australian market open into 2021?

    Sentiment in the Australian market has been mixed coming into the end of 2020. This is mainly caused by the risks of another Covid-19 wave as we see NSW cases spread into VIC. The Vic government is aiming for zero cases by the end of the week. This will be a good proof of concept

    Read More
    Public
  • All sectors in the green

    Overnight we saw buying in all sectors, but the main indices SP500, Dow, and Nasdaq closed on resistance. It’s common to see a spike in the market coming into a FED announcement, we saw some momentum on US fiscal stimulus. The likelihood of US markets jumping into all-time highs coming into Christmas is high. As

    Read More
    Public
  • Markets give a little back

    US markets pushed higher initially but pulled back to close lower. This just shows markets are not willing to continue higher until we see clarity on US fiscal stimulus. The move lower is still only looking like a pullback in the overall trend. This week we are waiting for stimulus news, can the US deliver

    Read More
    Public
  • SP500 reverses pull back to close only slightly lower

    US markets on Friday closed lower but not on their lows. The SP500 showed a classic reversal signal, but we need a bullish day for confirmation. At this stage, the move lower is still only looking like a pullback in the overall trend. It is the week of stimulus this week, markets will be hanging

    Read More
    Public
  • Commodities soar as does the AUD

    Overnight we saw most base metals and Oil rise strongly. Iron Ore was one of the standouts with the port price up another 4.3% to $156.58US a ton. Crude jumped 3% higher trading at $46.96US a barrel. Investors are starting to look at what is likely to perform next year, with a lot of the

    Read More
    Public
  • Markets set to give some back after US Tech sell-off

    Tech stocks led a move lower overnight after the US government pushes for Facebook to divest Instagram and WhatsApp. We also saw Gold and Silver selloff after uncertainty arose around the US fiscal stimulus. The pull-back in the Tech heavy Nasdaq was something to take note of but the DOW and SP500 were only down

    Read More
    Public
  • Markets continue to rise

    Markets continue to trend upward as expected. But momentum is slow as we await confirmation of further fiscal stimulus. Gold and silver tend to move higher on stimulus news, which is already starting to play out as we speak. With US daily cases and deaths still high and with markets overheated, we will need Stimulus

    Read More
    Public
  • Gold comes back into favour

    Overnight we saw the US SP500 and DOW take a breather whilst the NASDAQ creeped higher. Markets seem to be taking a breather as they await confirmation of further fiscal stimulus. Gold pushed higher overnight as it seems a stimulus deal is nearing. Every time we see big stimulus from the US, Gold comes back

    Read More
    Public
  • Iron Ore hits US$145, markets continue to move higher

    The next phase of economic recovery after COVID-19 is going to be infrastructure spending. This means more steel, more copper, more concreate. Materials should be one of the big beneficiaries’ long term. We are already seeing Copper, Aluminium, Gold, and Silver all trending up. But Iron ore has been roaring ahead, as China continues to

    Read More
    Public
  • Momentum is starting to run dry

    Overnight the US market closed mixed with Energy being the stronger performer. Yesterday the local market only closed slightly higher which came mainly from the strength of the Iron Ore miners. Yesterday Iron Ore miners rallied strongly the following news from Vale that it expects to produce between 300 million and 305 million tonnes of

    Read More
    Public
  • Materials sector set to lead the market higher

    We saw the BHP and Rio ADRs overseas rally strongly overnight following Iron Ore, Crude and other metals higher. News from Vale that it expects to produce between 300 million and 305 million tonnes of iron ore this year has people talking. The expectation is down from a prior target of producing between 310 million

    Read More
    Public
  • Two words… stimulus and vaccine

    We knew this was coming, it was just a matter of when, and last night the talks of US fiscal stimulus heated up. Everyone is calling for some form of relief bill to be passed before Christmas. The Democrats and Republicans were at a lock on this issue coming into the election but with the

    Read More
    Public
  • Markets pull back into December after record November

    Our market pulled back yesterday following US futures lower, It seems markets are set to give some back after such a strong November. The move down accelerated after China’s Foreign Ministry posted a fake image of an Australian soldier cutting the throat of a young boy. This took matters between Australia and China to a

    Read More
    Public
  • Markets set to finish off a strong month

    US markets jumped 10% in November, but the US is only 1.7% higher than the all-time high created in September. Locally though, we have seen real gains through November, rising 8% from the breakout of the channel. So, the short-term markets are a little overbought but there is still plenty of upside potential between now

    Read More
    Public
  • Markets take a breather as the US closes for Thanksgiving

    We saw a small pullback in many risk assets as traders took profit yesterday. European markets closed only slightly lower, as did Crude and US Futures. There is no real surprise to see a breather here as markets are a bit overheated. Daily virus numbers continue to worsen throughout the US and parts of Europe,

    Read More
    Public
  • DOW and SP500 take a breather as NASDAQ closes into blue skies

    Energy, Financials, Materials gave a little back overnight as Tech edges higher. The move down last night looks more like some profit-taking rather than the start of something more. The FED minutes last night showed more bond-buying on the way. The stimulus message continues to help support markets despite weak economic data and COVID-19 lockdowns.

    Read More
    Public
  • Dow and SP500 close into all-time highs signaling a continuation of the trend

    Markets rallied almost across the board with Energy and Financials leading the charge. Crude jumped again as we saw investors jumping out of safe-haven assets like Gold and Bonds to come back into equities. Markets are getting a bit euphoric, but it is still early in the cycle as this is an election year in

    Read More
    Public
  • Markets start the week on a positive note

    Despite the move higher overnight we are still seeing US markets toy with the all-time high levels set back in September. There is a high likelihood of sideways movement here in the short term. Markets are reacting positively to Vaccine news in the short term, this is seeing selling in bonds and gold overnight and

    Read More
    Public
  • US lockdown restrictions tighten, but markets seem to remain resilient

    US markets seemed to have found a level of resistance for the moment. This is seeing them give back a little, which is normal considering the strong moves recently. So, in the short term in the US, the momentum is slightly bearish to sideways. But overall, we believe markets will continue to trend up in

    Read More
    Public
  • Cannot keep the markets down

    Markets overnight made a comeback to close in the green. The trend is still up but it seems a breather at current levels in the US is likely. Whilst this is happening, we are seeing the local market edge higher. The Australian market has a lot to be optimistic about and has a long way

    Read More
    Public
  • US markets give some back after a volatile session

    Overnight we saw the US markets close lower after a whippy session. At one point markets were in the green but strong selling towards the close saw them close on their lows. This is indicating a pullback here is likely, but unlikely to last long. The overall trend is up, and this is looking more

    Read More
    Public
  • US market reversal sets the Australian markets up for a flat to higher day

    Overnight, US markets reversed an early sharp selloff, to close only slightly lower. Ideally, some selling here would be healthy for the overall market trend, in the short-term things are looking a bit overheated. But in saying that, considering the 5 months sideways move on the local market we should see a melt-up situation. This

    Read More
    Public
  • SP500 and Dow close in blue sky territory

    Locally Monday did not really happen, so today we are now reacting to two days of strong movement in the US. The ASX says it will be business as usual today with the market reopening as normal at 10 AM. Vaccine news continues to fuel a push into equities, in particular stocks that benefit from

    Read More
    Public
  • Morning Update – US markets take aim for all-time highs

    Markets are set for another strong start to the week. US sectors were higher across the board on Friday. Not much has changed over the weekend, but there are clear signs that the uptrend will continue. We are seeing moves in money markets back towards equities and this time investors are more willing to get

    Read More
    Public
  • Profit-taking sees markets edge lower

    We are set for a flat to weak day to finish the week off. This is not surprising to see after an 8% move higher in the past two weeks. Any further move higher is likely to be slow from here and a small pullback is healthy. Many news outlets this morning are blaming the

    Read More
    Public
  • The trend is your friend

    Our market continues to uptrend after breaking key levels at 6,200. It seems it is our time to play catch as US markets play with all-time highs. Previously this type of breakout post a 6 month sideways markets is generally becomes an up-trending market for at least a few months. Within that uptrend don’t forget

    Read More
    Public
  • US election rally over, what’s next?

    Now that the election seems to be out of the way, market focus will be back on Covid and Stimulus. We are waiting for a clear path forward on US Fiscal Stimulus. If the Democrats can push this through sooner rather than later markets will continue to push into all-time highs. US markets tested highs

    Read More
    Public
  • US SP500 gaps higher on open but closes just below September all-time high

    It was an interesting night in the US, we saw a move away from stocks that benefit from COVID-19 lockdowns and a move back towards Energy, Financials, Materials, and Real Estate. This move is directly coming from progress in COVID-19 vaccines. The Nasdaq closed in the red, I cannot remember the last time we have

    Read More
    Public
  • Biden takes the win, in the best possible way for markets

    Biden has taken the win in an extremely close election. At this stage, the democrats will have the majority in the house, but the Republicans will retain the majority in the Senate. This has led to many believing that Biden will likely be able to get his stimulus through but will struggle to get corporate

    Read More
    Public
  • Markets continue to edge higher as election results still point towards a Biden win

    We saw a further move out of the US dollar and back into the market overnight. US bonds also saw some early buying, but that turned around towards the end of the session. This indicates to us that fear is easing around the election. The VIX index also continues to pull back from it’s high

    Read More
    Public
  • US markets rise despite election uncertainty

    Despite the move higher in the US overnight we can still see a level of nervousness around the US election. It is still too close to call as we wait for Michigan, Pennsylvania, North Carolina, and Georgia. Biden still looks more likely for the Win, but it is anyone’s election. Trump has threatened that he

    Read More
    Public
  • Investors brace as US head to the polls

    Markets will be on edge today as we start to see votes counted. As the day progresses, we will be watching to see if there is a clear winner. At this stage, a Biden win will be an instant positive for markets, but some of his tax agenda could see markets back in the lower

    Read More
    Public
  • Markets push higher ahead of US election

    Many markets have pulled back sharply and now look oversold in the short term. The US election has many people on the sidelines moving to less risker assets until the noise of the election is over. We have seen a very whippy sideways market locally since around August. Every time we have seen this type

    Read More
    Public
  • We are in for an interesting week

    The US election is only days away keeping markets on a knife edge. In the very short term, we will likely see markets whip around in a volatile fashion. There is a mixed sentiment on whether Trump being re-elected will see markets fall or not. At the end of the day, markets like certainty whether

    Read More
    Public
  • Strong reporting and economic data stops fear selling in the US

    Many European markets saw reversals last night after the ECB hinted at more stimulus in December. This is the typical response we have been seeing this year. The virus gets worse which equals more stimulus. We expect the same to happen in the US after the election. But it seems the US election is still

    Read More
    Public
  • Markets get hammered as Germany and France brace for lockdowns

    Broad selling in Europe carried over to the US overnight as France and Germany brace for further lockdowns. It seems that Western Europe, the UK and the US are experiencing a large rise in daily cases as they come into their winter months. As lockdowns get introduced markets will want to see more and more

    Read More
    Public
  • Tech and communications stocks do the hard lifting

    Selling overnight in the SP500 and Dow was offset by companies that do well with people staying home. Tech and communication sectors pushed higher overnight seeing the Nasdaq close in the green. This is a sign that people are going back to Covid safe stocks as we see a surge in Covid daily cases in

    Read More
    Public
  • Pre-election volatility hits markets

    We saw strong selling in the US overnight, but it is interesting to note that there was a little bit of late buying. The DOW was down almost 1,000 points but closed 600 lower. The SP500 was down almost 100 points but closed only 64 points lower at the key 3,400 level. We have been

    Read More
    Public
  • Europe starts to lock down as Australia gets ready to reopen

    The mood around markets continues to remain subdued as Covid numbers continue to climb overseas. Many countries around Europe and the UK are going back into some form of lockdown, after reopening over summer. Locally though we are expecting Victoria to see restrictions eased again this week. Sunday’s announcement was delayed until tomorrow as they

    Read More
    Public
  • XJO poised to retest 6200

    Markets remain flat and are starting to disconnect. Indeed, this is being reflected in our own market the past couple of weeks with almost out of character strength. We continue to fail at 6200, but the reliance for our market to remain here is a positive sign that seems increasingly likely will lead to an

    Read More
    Public
  • Stimulus talks see US markets reverse selldown

    Coronavirus lockdowns saw European markets close very weak overnight, which lead US markets lower on the open. But with the combination of strong reporting and stimulus talk, we saw the US reverse. It seems the mood locally is improving despite China’s tensions. The lower AUD along with the RBA talking about lower rates and the

    Read More
    Public
  • Overbought markets continue to take a breather

    Positive reporting was still not enough to drive markets higher overnight. Which is no surprise considering the US election is just around the corner. So far, the banks are generally beating expectations on earnings, but many are still fearful of what is to come next year. At this stage, Biden is winning in the polls,

    Read More
    Public
  • A short term pullback here, is needed

    Overnight in the US, we saw markets pull back a little which was no surprise considering the strong push higher over the past few weeks. Markets in the short term are looking technically overbought. Do not forget everyone was warning of a very volatile whippy market leading into the election, as still may be the

    Read More
    Public
  • Tech led rally sees US markets nearing all-time highs

    Tech stocks came back into favor again leading the US higher, we saw a big turn around in Energy and Materials stocks after Oil fell strongly overnight. Copper, Silver, and Gold took a breather but Aluminium continued higher. US markets are continuing their rally on hopes of further fiscal stimulus and speculation on reporting. This

    Read More
    Public
  • Stimulus talks continue

    US markets continued their advance as did stimulus talks. Markets are hooked on stimulus at the moment. This week the FED Chair Powell and the ECB (European Central Bank) reconfirmed their very accommodative stance flagging there could be more easy money to come this year. We are also seeing signs of negotiations for more fiscal

    Read More
    Public
  • S.T.I.M.U.L.U.S

    The US markets completely reversed the pullback last night, with the SP500 breaking the 3,400 level. Three key bits of information helped markets hold gains. FED Chair Powell and the ECB (European Central Bank) reconfirmed their very accommodative stance flagging there could be more easy money to come this year. President Trump also did some

    Read More
    Public
  • US markets fall after Trump calls off negotiations on fiscal stimulus

    The US market pullback held key support after President Trump’s tweets on fiscal stimulus. This is likely to see the market either pull back a little here or just sit sideways. It will be interesting to see if he back peddles on this in the coming weeks. Markets are all over the place, with most

    Read More
    Public
  • Morning Update – Markets set to continue higher

    Markets continue to shake off Fridays sell down as President Trump is expected to be discharged from the hospital today. Overnight we saw strong movement across the board, Crude, Gold, Silver, and other metals were up. All Sectors closed in the green with Energy being the standout. Bonds saw some selling, seeing the 10-year yields

    Read More
    Public
  • ASX set to rebound as the budget comes onto focus

    Friday’s pullback in the US markets were not as bad as expected after news came to light that President Donald Trump contracted Covid-19. The reaction in the US futures where indicating that we could see another large pull back, but it did not eventuate. We are setting up for an interesting month ahead in the

    Read More
    Public
  • US NASDAQ holds strength whilst other sectors continue to whip around

    It was once again a whippy night in the US, and even though they finished the day in the green we have the local futures in the red. Tech and Communications held strength, whilst energy and materials closed strongly in the red. Markets are in a very uncertain faze at the moment. Sentiment is still

    Read More
    Public
  • The US markets pushed higher overnight but did not finish on a high

    US markets at one stage broke resistance, but pulled back below, showing signs that we will continue to see sideways movement rather than a strong push into all-time highs. Yesterday the US debate which aired during local market hours saw US futures whip from green into red which saw our market fall heavily throughout the

    Read More
    Public
  • Oil prices fall, Gold rises as US dollar falls

    Overnight investors move back into Gold with the US dollar falling. In addition, we saw US Crude oil prices back below $40US. Energy was the weakest sector in the US overnight, followed by financials. All sectors were in the red except communication services. This is the first time we have seen a switchback into gold

    Read More
    Public
  • The US looking a bit more bullish short term, but volatility still highly likely

    Overnight we saw US market indices break short-term resistance. With markets technically oversold we can expect some further upward movement in the short term. But between now and the US election things are likely to remain very whippy. All sectors where in the green in the US overnight, Financials, Energy, and Discretionary led the charge.

    Read More
    Public
  • US markets close higher but not on their highs

    US markets continue to be volatile; we saw the key indices up overnight but most of the gains were given back. The mood in the US around markets is not great and as the virus numbers start to increase again, we can see a clear message here. Give us more stimulus. Not much has changed,

    Read More
    Public
  • The US is in need of more fiscal stimulus

    Investors continue to run to the sell button locking in massive profits. This is being fueled by uncertainty on another wave of Coronavirus and the time frame of more fiscal stimulus. It is questionable that it may not come before the election as it continues to be used as leverage. Everything sold off last night

    Read More
    Public
  • Are the new “Fintech” low-cost brokers making a positive difference?

    The rise of low-cost Fintech businesses has flowed through various areas of the Financial sectors. Some making real positive change whilst others are very questionable. Companies that can deliver the same or a better product at a cheaper price are great for consumers. But smart marketing sometimes can create an illusion of better, whilst under

    Read More
    Public
  • ASX set for a strong start but volatility in markets is likely to continue

    US markets gave us strong leads overnight, but nothing changed to indicate it will be maintained. We expect the US markets to continue to whip around, which means that it could continue to push higher this week but will not get back to all-time highs. Looking back in history markets do tend to get very

    Read More
    Public
  • US stock market selloff reversed, fueled by tech buying

    US markets followed European markets lower, which were led by Coronavirus second wave fears. Many European market indices fell more than 3%. DAX closed 4.37% lower. The SP500 was 2.84% lower at worst and closed 1.16% down. The Nasdaq closed only 0.13% lower. This is the first time in the past month we have seen

    Read More
    Public
  • Market set for a soft start to the week

    Markets remain whippy as traders wait to see if this move down recently will be the start of a wider pullback or not. We have many major market indices now sitting just above key support levels. Trump approved the Tik Tok deal in principle which could be setting a new norm for the US and

    Read More
    Public
  • ASX set to rise after whippy US session

    The sentiment in markets is mixed, leaving markets whipping sideways. We saw all sectors in the red in the US overnight except industrials and materials. All in all not much has changed in the US, although we saw many stocks show reversal signals overnight which could be a sign that the next few sessions will

    Read More
    Public
  • FED failed to excite markets

    US Markets seem to be sending a message to the government for more fiscal stimulus. The FED signaled they will continue the current path which is extremely accommodative. The sentiment in markets is mixed, leaving markets whipping sideways. With many now on the sidelines waiting for a catalyst to make their next decision. The sideways

    Read More
    Public
  • US markets closed higher but Financials close in the red on lower revenue outlook

    Yesterday the market closed flat but if you look under the hood a little closer, it the Banks that held us back. Locally we have the banks gearing up to call people that are on loan holidays which will likely lead many to foreclose. Whilst in the US banks have warned that revenue will be

    Read More
    Public
  • US markets moved higher, but lacked conviction

    Overnight we saw willingness to hold current levels, but the move looked more like the start of a consolidation than the start of a move higher. Looking back to the past US elections the market tends to go sideways for months beforehand then tends to get volatile close in. So that means a pullback near

    Read More
    Public
  • Markets hold and looking for direction, UK vaccine trials back on

    In the short term, we can see markets have pulled off resistance, we are still uncertain if we have found support here or not. The big positive that keeps the light at the end of the tunnel is the UK vaccine which we saw trials paused last week. Over the weekend news emerged showing trials

    Read More
    Public
  • Tech sell down leads the US lower with all sectors in the red

    The pullback in the US is continued but only back to the lows of Tuesday night’s session. It is still unclear whether this is the bottom of the move or not. Technically we have lower peaks in the US indices but not yet a lower trough. This still seems more like some profit-taking rather than

    Read More
    Public
  • Markets stage a recovery, but is the selling over?

    Investors bought the dip overnight, but many are still asking the question if the volatility is over. The Tech rally that saw US markets rise this far has lost its steam. So, to achieve a healthy move higher in the US we would like to see further rallies in other sectors. Short term though it

    Read More
    Public
  • The US continues to sell after labour day, ASX set to gap lower on open

    US markets were led lower mainly by Tech, Communication Services, and Oil sectors overnight. The Tech and Communication space was the main leader of markets up until now and what we are seeing is some profit-taking. Oil tanked in the past week as investors become nervous about another wave of Coronavirus hitting through Europe and

    Read More
    Public
  • ASX set to rise as Iron Ore and base metals hold highs

    The US Markets were closed overnight for Labour day, strong moves higher in Europe has helped the local futures market close higher overnight. The shock pullback in the US last week has a lot of people speculating that the US could continue lower when they reopen tonight, but technicals are not backing this up. The

    Read More
    Public
  • Tech sell-off continues to lead markets lower, SP500 holds uptrend

    The US SP500 briefly broke the key 3,400 level but reversed to close back above the trendline. The Tech sector was down as much as 5.5% before reversing and closing only 1.34% lower. Tech Communication services and Consumer Discretionary were the weaker sectors. Whilst Financials, Industrials and Materials closed in the green. At this stage,

    Read More
    Public
  • US Tech sell-off sends a shock through world markets

    Earlier this week we saw a switch from Tech into other sectors but overnight we saw a broad pullback. Tech did lead that move with the sector closing 5.83% lower. US markets did run a little hard without a pullback so at this stage, we are not seeing this as a start of a crash

    Read More
    Public
  • US rally set to lead ASX higher

    US Dow Jones and SP500 rally not led by Tech was a refreshing change after many large Tech companies are starting to look a little overdone. All sectors closed in the green other than Energy. Utilities led the way, up 3.12% with Real Estate, Materials, Health Care and Communication services rising more than 2%. This

    Read More
    Public
  • US markets continue to climb, China suspends Aussie barley imports

    The list of things to worry about in Australia is starting to grow. Which will likely see our market disconnect further in the short term to the nonstop rising of the US. Stage 4 lockdowns in Vic has slowed the recovery efforts, China continues to target Australian agricultural imports and the rising Aussie dollar will

    Read More
    Public
  • AUD to go to $80 US? Vic stage four likely to be extended

    The FED announcement last week has the US dollar weakening, sending the AUD soaring. Many are now talking the AUD back to $80 US. For the Miners, the strong Aussie will offset a lot of the extra profits made from rising commodities prices. Other exporters and companies that make a lot of their sales in

    Read More
    Public
  • Local markets set to open in the red this week as AUD continues to rise

    The FED announcement last week is seeing the US dollar continue to weaken and a flow of money into equities. Low-interest rates and a commitment to record FED spending will continue to help the US market continue on the current uptrend. All sectors were in the green but Energy and Materials led the move higher.

    Read More
    Public
  • FED speech sees money flow out of bonds into equities

    The FED overnight managed to help support the equity markets giving what they want by signalling further stimulus in the aim of increasing inflation to above the 2% target. So, we expect rates to stay at zero for a long time and the shift to the use of easy money (QE). This has seen the

    Read More
    Public
  • Tech still shines as the US continues to push into blue skies

    Tech and Communication sectors once again led the charge in the US overnight. The energy sector was the weakest again. From a sector point of view, it was a fairly mixed night. Focus still is on the FED which will talk either late tonight or early tomorrow. Locally it is all about reporting for the

    Read More
    Public
  • Local Markets set for further sideways as the SP500 continues into blue skies

    US markets continue to move upward once again led by Tech and Communication sectors. The energy sector was the weakest overnight. Sentiment overall in the US markets remains positive ahead of the FED announcement Thursday. We expect to see an overall update on the economy and a plan for inflation moving forward. Out of all

    Read More
    Public
  • FED meeting has markets excited

    Market sentiment was strong overnight with the SP500 breaking the key 3,400 level. It seems to be from a combination of Coronavirus treatment hopes and the up incoming FED announcement. The U shaped recovery has been led by stimulus, the FED’s QE infinity being the leader. Most are expecting the FED to confirm this type

    Read More
    Public
  • Markets set for a soft start to the week

    As predicted the US markets are continuing to trade sideways as they test all-time high resistance. Strong US economic data enabled the market to edge higher, but we are still waiting for 3,400 to break. With the US reporting behind us and the FED on a clear path, US markets will be focusing on the

    Read More
    Public
  • US SP500 continues to flirt with all-time highs

    It is common for a market to take a breather at an all-time high level, and what a more important time than now for the US markets. With the election around the corner, Coronavirus uncertainty and uncertainty around US fiscal stimulus. As we also know US markets at this stage have mainly been led by

    Read More
    Public
  • Australian reporting starting to paint a picture

    Momentum in markets has softened as we see many markets start to tick sideways to slightly higher. With the US at such a key resistance point, we feel that this could continue until we get another catalyst. Locally we are seeing a very mixed reporting season, at this stage, the majority are missing expectations in

    Read More
    Public
  • US SP500 closes on all-time high resistance

    Focus in the US is now shifting towards the election, and their market continues to show a willingness to edge higher. With the US at such a key resistance point, we feel that we could see some further sideways movement in the US. Locally we are seeing a very mixed reporting season, at this stage

    Read More
    Public
  • Earnings Results: BHP Group Ltd and Cochlear Ltd

    BHP Group Limited – BHP Results for the Year Ended 30 June BHP (ASX: BHP) today reported results for FY20. BHP’s revenues fell by five percent to $42. Billion, while profits fell four percent to $7.9 billion. As a result, BHP will cut the final dividend to 55 US cents, from 78 for FY19. Despite

    Read More
    Public
  • Australian reporting heats up

    It seems that US markets could sit in limbo for a while as they have come out of reporting season and look to what is next. Besides the fact that everyone is waiting for the next round of US fiscal stimulus, the election is now just around the corner. There seems to be a very

    Read More
    Public
  • Markets set for a weak start

    In the short term, markets are still undecided again, the SP500 is back to the all-time high resistance level. With the next round of US fiscal stimulus stuck in limbo Us markets are struggling to maintain the buying. News of a potential Coronavirus vaccine continue to keep the sellers on the sidelines. Some are optimistic

    Read More
    Public
  • Mixed markets set local markets up for another sideways day

    The Tech heavy Nasdaq managed to push out a slight gain overnight whilst most other majors closed in the red. Energy and Real Estate led the fall last night, Tech and Communication services closed slightly higher whilst the rest were only slightly down. In the short term markets are becoming undecided again which is no

    Read More
    Public
  • US investors take profit, is there more in it?

    Markets perhaps in the US were overdue for some profit-taking and no better time than when the SP500 tests all-time highs. All sectors were down except Industrials and Financials, But the main leaders in the fall where Real Estate, Utilities, Tech and Communication. Gold and Silver also fell heavily, So it seems to be more

    Read More
    Public
  • Buy Now Pay Later stocks: Value trap, or good long-term investment?

    The BNPL (Buy-Now-Pay-Later) space has investors divided, on one side there is a belief that it is the next big craze and will become the payment method of the future. On the other side, many think some of them have a runway too high on hype. The question remains can APT and Z1P grow earnings

    Read More
    Public
  • Earnings Results: James Hardie and Shopping Centres Australasia

     James Hardie Industries (ASX: JHX) – Q1FY21 Results Announcement James Hardie today announced their Q1 FY21 results. Net operating profit (NOPAT) ran at around $US89.3 million for the quarter, which was in-line with the prior corresponding period. The company has announced full-year FY21 guidance for NOPAT of between $US330 million and $US390 million (FY20: $US352.8

    Read More
    Public
  • SP500 less than 1% from all time high

    Sentiment in the US market continues to edge higher, as most investors expect the US coronavirus aid bill to pass this week. Also, hopes of treatment and a vaccine is keeping investors from selling despite weak earnings. Energy, Industrials and Materials led the move higher overnight. Financials in the US pushed out a slight gain.

    Read More
    Public
  • Trump intervenes to push through supplemental Federal unemployment

    US markets struggled on Friday with a mixed closed. Investors were waiting on the sidelines as they await further fiscal stimulus to help the unemployed. Trump intervened over the weekend pushing through a second wave of supplemented unemployment measures. At this stage it is unclear on how this will affect markets as we do not

    Read More
    Public
  • Nasdaq hits record highs as the XJO continues to stagnate

    It is extremely important to dig a little deeper into markets and look past the fact that the XJO is going sideways. There is still plenty of opportunities in the market within industries. Just keep in mind that we could see a lot of sectors switching coming into the Australian earnings season next month. We

    Read More
    Public
  • US SP500 2% off all-time highs

    Markets in the US overnight continued higher on Vaccine and fiscal stimulus hopes. Sentiment remains strong in the US markets despite China tensions and uncertainty around the pandemic. Another strong night of reporting in the US. Most companies are beating expectations, out of the 374 in the SP500 that have reported 301 (80.5%) beat expectations

    Read More
    Public
  • Australian market set to catch up after strong leads from the US

    A large amount of business in Victoria will be affected over the next 6 weeks by the stricter lockdowns. One way or another, things will change as many businesses that are allowed to stay open have some form of restrictions. Whether they must work from home or reduce the number of workers it will have

    Read More
    Public
  • Victorian stage 4 restrictions set to rattle the market

    Victorian companies are bracing for further lockdown requirements set to be announced today, and to be introduced Wednesday. At this stage, it is unclear on what businesses will be forced to close. All we know is there will be three categories. 1. Essential food and services businesses will remain open largely as normal, including supermarkets,

    Read More
    Public
  • US markets close of a whippy night on earnings and weak GDP

    Markets were very whippy overnight with investors digesting earnings as well as GDP and weaker than expected job numbers. GDP contracted the most in history but was widely expected. Not long after the markets closed in the US big tech reported which sent the US futures higher. It was yet another big night for earnings

    Read More
    Public
  • Stocks to trade through August Reporting Season – Emerald Financial Webcast

    US earnings season is wrapping up and it’s been a wild one – with most of the S&P500 beating their expectations. This has provided the team at Emerald Financial with insights on which sectors have reported well and which have indicated strong guidance for next quarter. Most importantly – How will Australian companies report given

    Read More
    Public
  • US markets gain as AMD leads big tech higher

    Markets enjoyed a bullish night as big tech rises ahead of reporting tonight and also, they managed to gain even after their respective CEOs testified in front of Congress, addressing antitrust concerns. The FED also helped keep investors and traders at ease after confirming a dovish stance and a whatever it takes attitude to get

    Read More
    Public
  • US markets dip on mixed reporting & congressional hearing on antitrust in Big Tech

    It is a big week in the US with lots of information to digest. From Earnings results to FED announcement, Fiscal Stimulus negotiations, and a hearing on antitrust in Big Tech. Chief executives of Amazon, Apple, Facebook, and Google-parent Alphabet will testify before the House Antitrust Subcommittee at noon Wednesday following a yearlong probe into

    Read More
    Public
  • Can US fiscal stimulus restore market bulls?

    US markets continued to edge lower on Friday, the combination of US & China tensions and Intel falling 16% led the fall. Intel reported well, beating expectations by 11%, but news that their next chip is delayed by 12 months was enough to see a sell-off. This week we expect the US government to announce

    Read More
    Public
  • US markets pull back after a jump in jobless claims and tensions with China

    US markets pulled back overnight after higher than expected jobless claims, and continued tensions with China. The tensions with China to date have been completed offset by the huge amount of stimulus from the FED. Buyers are also sitting on the side lines waiting for another round of Fiscal stimulus. The reporting season in the

    Read More
    Public
  • US SP500 continues the trend as does XJO

    Key world markets remain resilient and continue to hold key levels and edge higher. The Local market pulled back whilst other markets continue higher, so we expect some catch up at some point. But we may need to wait for the budget which is to be handed down today. At this stage markets, are expecting

    Read More
    Public
  • ASX set to give back some of the strong rally

    No surprise to see big tech pullback last night after such a massive rally the night before. Sentiment is still strong despite Covid-19 not slowing down. Donald Trump made comments last night that things will likely get worse before they get better. Earlier in the year, a comment like that would have sent markets 5%

    Read More
    Public
  • Tech stocks come back into favour as Nasdaq jumps 2.51%

    The Nasdaq jumped higher lead by Tesla +9.47%, Zoom Video +8.94%, and Amazon +7.93% just to name a few. It is interesting to watch the switch to and from the Nasdaq and other key indices in the US. IBM’s Beat on EPS and revenue and closed 1.01% higher and is up another 4% in after

    Read More
    Public
  • Mixed US on Friday leads to soft start on the ASX

    Reporting in the US is coming in mixed as expected. So far we have seen the likes of Netflix which is the first of the FANG stocks to report. It missed expectations slightly but did post a growth in EPS for the Quarter. Netflix shares fell 6.5% on Friday. As we see more and more

    Read More
    Public
  • US markets snap 4-day winning streak, XJO set to open higher

    Markets took a breather despite most companies beating expectations overnight. The pullback seems more just technical driven then fundamental at this stage. Chinese economic data was strong yesterday, but we saw a broad pullback in the region yesterday. Netflix’s missing expectations will not help the Tech sector rally, so we could be seeing the start

    Read More
    Public
  • Better than expected reporting sees US market higher

    Financials joined the Materials, Industrials, and Energy sectors to push US markets higher overnight. Stronger than expected reporting from Goldman Sachs Group Inc which beat expectations by 60% help lead the charge rising. US Bancorp beat by 9.6% but fell. Up until this week, the tech-heavy Nasdaq has been leading the charge higher. But now

    Read More
    Public
  • US markets jump led by Energy, Materials, and Industrials after Fastenal Co earnings beat

    We saw a shift overnight, which was led by Oil recovering above $40.00 US a barrel and insight that construction is still looking strong in the US with Fastenal reporting growth in earning despite Covid-19 shutdowns. This saw Materials, Energy, and Industrial led the move higher. OPEC is still to meet on Production curbs this

    Read More
    Public
  • Nasdaq leads the US to move lower, after briefly pushing into all-time highs

    Markets overnight started very strong being led by the tech sector once again but didn’t last. The cause of the pullback isn’t clear as yet, but it could be people taking some risk off the table before reporting. The SP500 did test a key level of resistance, but we also heard from the OPEC group

    Read More
    Public
  • Virus treatment rallies markets

    Hope of a new virus treatment in the US saw markets jump on Friday. This saw some of the hard-hit Airline and Covid-19 lockdown affected companies rally. This saw the DOW and SP500 out perform the tech-heavy Nasdaq on Friday. This week the focus will be on Earnings which will kick off in a big

    Read More
    Public
  • Nasdaq up, Dow and S&P500 down

    The message out there is clear that there is still plenty of people who want to be invested in equities right now. The question is where and what do you invest in when the Dow and S&P500 are already only 7% off their all-time high in the middle of a pandemic? Well at this stage

    Read More
    Public
  • Another Tech rally leads US markets higher

    US markets remain resilient against US and China tensions and Virus numbers increasing, as they continue to edge higher. Reporting season kicking off next week will be at the forefront of investors minds. Locally the mood is a little mixed as investors digest Melbourne closing for another 6 weeks. The good news is that the

    Read More
    Public
  • XJO set to test 6,000

    Momentum in markets has generally slowed down, Markets are struggling to sustain a move in either direction. Markets overall are very resilient against a second wave of the Virus, but some sectors are much stronger than others. Looking at the SP500 there are only 169 companies that have positive share price movement in past 12

    Read More
    Public
  • XJO set for a soft open

    Markets continue to remain bullish, albeit in lackluster fashion. We are grinding higher as the hard fight between the bulls and bears weighs on during these historic times. In one corner, we have a second wave in Victoria, unbridled infections in the U.S, and bad economic numbers. In the other we have unprecedented stimulus and

    Read More
    Public
  • A lackluster open without U.S. leads

    Markets continue to remain bullish, albeit in lackluster fashion. We are grinding higher as the hard fight between the bulls and bears weighs on during these historic times. In one corner, we have a second wave in Victoria, unbridled infections in the U.S, and bad economic numbers. In the other we have unprecedented stimulus and

    Read More
    Public
  • US market rise fizzles despite better than expected unemployment

    Markets continue to whip around as better than expect unemployment is offset by large increases in daily Virus numbers. The big picture in the short term is Stimulus vs Recession. This recession is vastly different to others in that interest rates are at record lows, with Central banks and Governments stimulating economies like never before.

    Read More
    Public
  • Australian market set to open higher after mixed night in the US

    Markets continue to whip around sideways, as central banks confirm that level of stimulus and low interest rates are likely to remain at very accommodative levels for some time. The big picture in the short term is Stimulus vs Recession. This recession is vastly different to others in that interest rates are at record lows,

    Read More
    Public
  • Second wave wasn’t enough to break markets

    The overall markets remain resilient in the face of a second wave of the virus. But we are starting to see certain sectors and stocks pull back with the likely extended lock downs. Most travel related stocks have pulled back strongly in the past few weeks, FLT (Flight Centre) has fallen 38.60%, WEB (Webjet) is

    Read More
    Public
  • Markets held key support… again

    Markets managed to rebound again, living the pattern of Monday sell off, Tuesday & Wednesday recovery which we have seen for the past month. Overall markets are just treading water, the recovery in the US was a little too quick considering the Virus may delay the reopening of world economy. Data in the background suggests

    Read More
    Public
  • Could this be the start of the next big pull back?

    The past three Mondays we have asked if this could be the start of the next big pull back! Each Monday we seem to be faced with weak leads from the US either it be on the Futures markets or from markets selling off on the Friday. Today is no different. We have enough bad

    Read More
    Public
  • S T I M U L U S

    So, the battle continues resulting in a very sideways market. Short term we are really at that pivot point where market could fall again or continue up the staircase. The market can’t seem to maintain falls on negative news, this is because when things get worse with the Coronavirus, the US government is quick to

    Read More
    Public
  • Markets pull back as virus worries continue to hold markets back

    We are seeing a battle of the Bulls and Bears. This is making it very difficult to pick the market in the short term. The market is seesawing between Virus worries, China tensions and election worries, with stimulus holding everything together. The FED came out last night and confirmed that they have only used a

    Read More
    Public
  • Nasdaq edges into new all-time highs, whilst most markets continue to consolidate

    Markets are looking for a reason to move higher or lower. We saw a hint of that yesterday when markets dived after Peter Navarro’s comments around the China Trade deal. Trump quickly hit twitter which saw markets move back to where they started. At this stage we are looking for the next catalyst, end of

    Read More
    Public
  • Neither bulls nor bears able to take control

    Where to from here? Is the new rhetoric out there in markets. We have seen such a large recovery in the US that a pull back and or breather is needed. The pull back in the futures yesterday morning once again was short lived. The market can’t seem to maintain a move in either direction,

    Read More
    Public
  • Spikes in Coronavirus cases turn market sentiment down a notch

    Where to from here? The US is pretty much back to where it began in February. Coronavirus numbers are still increasing heavily, which could risk the timing of a reopening of economies. But underpinning all this is infinite FED QE and other stimulus measures. The likelihood of a strong rebound in economies once lock down

    Read More
    Public
  • Australian markets set to edge higher as we start to walk back up the staircase

    Not much new news to report on overnight, quiet is good for the moment as we resume the uptrend. Oil was the highlight overnight pushing the US energy sector higher. So, we expect the energy sector to start getting some attention again today. Energy has been lagging the market and could represent a good opportunity.

    Read More
    Public
  • FED chair continues to signal more fiscal stimulus is needed

    FED Chair J. Powell continues to indicate that they will keep the foot on the stimulus pedal and suggested that government should also do more to help stimulate the economy. With this talk being thrown around, markets will likely continue to hold or rise. The perception is that despite seeing bad data, whether it be

    Read More
    Public
  • Buyers back in full force, can the SP500 push into all-time highs

    Markets are still hooked on stimulus, even in the front of a potential resurgence in Coronavirus numbers. If China goes through a second shut down, we could see fears spike so there is still real risks out there that can pull markets back. If we see further shutdowns around the world, we will need to

    Read More
    Public
  • The Fed to the rescue

    Markets needed a pull back, it was interesting to see that the worst of it actually all happened on the Futures market. At close of market yesterday the Dow Futures where down around 900 points. By the time the US session started they opened only 500 points lower. Not long after the market opened theRead More
    Public
  • Will this be just a pause in the trend or are we going to see a bear market again?

    Markets are definitely overheated and a pullback in the trend was way overdue. But we need to be patient here to see if fear of a second wave will continue markets lower in the short term. Considering the market pushed up around 20% between May and June we could see more than 5% given back.Read More
    Public
  • About time.

    The hard thing about an overheated market is timing the top of a move. We have been warning for a while now that the move is a bit overheated and to stay on alert. Last night’s pull back, although aggressive was way overdue considering the move up we have seen over the past month. SinceRead More
    Public
  • A pull back in a trend is always healthy

    It looks like we are finally getting that pull back we were waiting for. Futures are indicating a strong pull back this morning close to the key 6,000 level. Keep in mind the FED last night gave markets pretty much what they wanted, confirming they will continue the current path of stimulus. They also acknowledgedRead More
    Public
  • Markets set to give a little back

    Markets are a little overheated and a move back to trend is healthy at this stage. There is still a high chance we could see buying into the weakness. All eyes will be on the FED tonight which could be the next short-term catalyst for markets. Sentiment is very much tied to stimulus at theRead More
    Public
  • US markets rocket up as Australia enjoys long weekend. Futures Pointing to over 3% rise

    Despite markets looking overheated they continue to push strongly higher. This just shows how forward-looking markets can be. We are seeing a lot of negative economic news out there, but most investors see this as only temporary as things will likely just go back to normal once restrictions are removed. There is a lot ofRead More
    Public
  • Markets set to take a breather after another strong week

    Markets short term are a little overheated, so it is no surprise to see a period of either sideways or a pullback towards the uptrend trend. Markets continue to remain resilient as investors take solace in the fact there is likely more fiscal and monetary stimulus to come. If we lean on history and takeRead More
    Public
  • Negative Quarterly Australian GDP numbers signals first recession in Australia for 29 years

    Markets continue to push higher as investors take solace in the fact there is likely more fiscal and monetary stimulus to come, especially as we start to see confirmation of recession. This recession is likely to be quite different than others in the fact that governments of the world are stepping in like never before.Read More
    Public
  • SP500 has 10.6% to go to hit the all time high.

    US markets are leading the charge higher, now only 10.6% away from the all-time high created in February. Locally the XJO is still around 23% away from the all-time high so we are clearly still lagging. This does raise the question whether we are going to play catch up. Switch your chart onto a weeklyRead More
    Public
  • Morning Update – Markets remain resilient as the light at the end of the tunnel continues to shine.

    The market has remained resilient ignoring the weak start in the Futures market yesterday morning to continue the current medium-term uptrend. We managed to get through May without any great volatility, June is generally a light news month with many investors waiting for the next reporting seasons in July for the US and August locally.Read More
    Public
  • Morning Update – US protesting turns sentiment negative, Futures markets drop in early morning trading.

    Markets had a strong week last week defying negative news around China and the US. It seems that the protesting in the US is enough to see markets fall. This could be only short term though; it is still too early to tell. We will be watching to see if markets can hold trend orRead More
    Public
  • Morning Update – Markets stall as US and China tensions rise

    Markets continue to push higher against all odds following the current uptrend. Strong buying into riskier assets like Energy, Financials, Industrials and Real Estate sectors continued in the US overnight. Things like Health Care and Staples continue to lag behind. Markets have had a strong few weeks with the SP500 and XJO up around 11%.Read More
    Public
  • Morning Update – The SP500 breaks 3,000 after a whippy session.

    Markets continue to push higher against all odds following the current uptrend. Strong buying into riskier assets like Energy, Financials, Industrials and Real Estate sectors continued in the US overnight. Things like Health Care and Staples continue to lag behind. If the markets hold trend, we need to hold the view that it will continueRead More
    Public
  • Morning Update – SP500 fails to break the milestone 3,000 level on the first test. Will markets hold here or fail?

    The excitement we have seen in the past few days came to a very quick end with the SP500 unable to hold above 3,000. But with the uptrend still intact we expect a pause here to see if there is enough momentum to push through this level. In the US we saw a switch outRead More
    Public
  • Futures point to strong start to the week, can markets clear resistance?

    Momentum in markets continue to remain low, most markets continue to drift sideways to slightly higher. May is generally a weak month, either seeing a pullback in markets or a sideways move. If the markets hold trend, we need to hold the view that it will continue the current path. If the trend breaks, weRead More
    Public
  • Markets holding trend despite amid weakened momentum

    Momentum in the current move higher is weakening, but we can see this type of slow uptrend last for month’s, even years. So at this stage as long as the markets hold trend we need to hold the view that it will continue on the current path. If the trend breaks we could see marketsRead More
    Public
  • Morning Update- Markets break resistance reconfirming the uptrend

    Markets continue to edge higher maintaining trends set over the past few months. Apple and Google releasing contact tracing technology helped an already improving sentiment this week. At this stage markets have what they need to remain stable. Hopes of a vaccine Low interest rates with the view they are going lower Bond buying, toRead More
    Public
  • Markets take a breather at key resistance level after strong gap higher

    The news that an experimental vaccine created by U.S. biotechnology company Moderna saw markets push to key resistance levels yesterday, but it wasn’t enough to confirm a breakout, or will it? It is common to see a pullback straight after a gap higher. Our market and others are still holding the medium-term uptrend so itRead More
    Public
  • Vaccine hopes see markets gap higher

    Overnight news that an experimental vaccine created by U.S. biotechnology company Moderna Inc showed signs that it can create an immune-system response to combat the new coronavirus. This saw world markets surge higher. This adds to other positive news seen out there as parts of the world economy continue to ease lock down restrictions. So,

    Read More
    Public
  • Markets remain range bound; Futures point to a higher open

    Markets are enjoying some positive news as parts of the world economy continue to ease lock down restrictions. FED chair Jerome Powell indicated the economy could ‘recover steadily’ later this year. The quickly Lock down restrictions are removed quicker we can see the recovery begin, As long as we don't undo what the lock downRead More
    Public
  • FED changes tone, Markets getting excited

    Once again news around stimulus pushed markets higher. The FED overnight changed there terminology from Rates not going into negative to Rates are not going into the negative now. This is the FED opening it's doors to potentially dropping into negative rates down the track if needed. This also saw Fed Fund futures contract goRead More
    Public
  • US stocks continue to fall but hold key resistance. Markets set to remain inside tight channel.

    Last night's movements really highlight how much the market is tied to beliefs around stimulus and if current measures will be enough to get us through what is ahead. Many analysts are talking recession and depression. But don’t forget, governments of the world are pumping record amounts of money into their economies to keep themRead More
    Public
  • US stocks fall off resistance, Australian shares to follow

    There is no doubt sentiment is mixed out there, looking at the world economy we have many analysts talking recession and depression. But don’t forget, governments of the world are pumping record amounts of money into there economies to keep them from crashing. Not much has changed overnight, we are still seeing the battle ofRead More
    Public
  • Sell the rumour, buy the fact?

    The XJO yesterday came back to the devil's number around 6,666 where the market spent a lot of time whipping sideways through 2019. This also completed a double top pattern which broke two days ago. This brought us 8% lower than the highs created early this year. A 10% correction is at 6,500 for ourRead More
    Public
  • US markets kick higher in last hour of trade, ASX set to open higher

    The XJO pulled back on Coronavirus worries following the Hang Seng and other offshore markets lower. At this stage, we continue to hold the 7,000 as support. The short term uptrend has broken but the market continues to hold sideways at 7,000 for the moment. For our market to break out of this phase weRead More
    Public
  • Market to fall sharply after offshore markets fall hard over Australia Day long weekend

    The Australian Market pulled back from its highs on Friday trading, stalling at the local resistance at roughly 7,150. The market looked like it was going to head into a side-wards period, and could do so despite what the futures are showing this morning. The market overall is still trading in a longer-term uptrend, butRead More
    Public
  • Strong leads could see market turn bullish

    The XJO reversed an early sell-off yesterday closing flat at 6,735. The market is on a short term counter-trend approaching the longer-term uptrend line around 6,660. We saw a strong reversal signal on the XJO yesterday, if we have a strong bullish signal today and break 6,750 the market will look bullish again. To theRead More
    Public
  • XJO to open lower with US-Iranian tensions

    Gains in our XJO have been held back by a strong Australian dollar and Friday’s drone strike. Its hard to say what we may do today, but we look set for a fairly subdued open. To the upside, there is resistance at 6,775 and the all-time high resistance at 6,875, If the XJO does break

    Read More
    Public
  • Will the banks lead the market lower again?

    The XJO yesterday failed at the 6,750 level with the banks and minerals leading the index down sharply. The next level of support is around the 100 and 50-day moving averages at 6,650-6,630. After that the next target to the downside would be around the longer-term uptrend line at 6,550. To the upside, if theRead More
    Public
  • All eyes on New Zealand central bank for another sugar hit

    The XJO yesterday flirted with the 6,750 level all day and managed to close slightly above, using it as a level of support. The next level the market needs to break is the 6,775 resistance, then it is clear skies to the all-time high level of 6,875. To the downside, there is support and the

    Read More
    Public
  • China trade deal to be delayed another month as tensions halt progress

    Australian Markets The ASX200 closed +1.27% higher yesterday, led by gains in Insurance (+2.19%) and Consumer Staples (+2.08%) stocks. Our market should open flat to slightly lower this morning, we have seen an earnings report from Bank of Queensland - that showed a drop in earnings and dividend - which could cause the banks toRead More
    Public
  • Markets poised to rise amid speculation of Brexit deal

    Australian Markets The ASX200 closed +0.14% higher yesterday, led by gains in Healthcare (+1.38%), partially offset by declines in Metals & Mining (-1.00%) stocks. With our futures up strongly today, our market will likely rise to the top of the pennant pattern that it has been in. At the top of the pennant there isRead More
    Public
  • Markets in holding pattern awaiting legitimacy of Trump’s proposed trade concessions

    US. Markets U.S. equity markets were lower overnight, as investors weighed the bare-bones nature of the trade deal between the U.S. and China. There are further reports that China wishes to iron out the details before signing the deal. The S&P500 and the Dow Jones both eased -0.1% and tech-heavy NASDAQ was relatively flat (-0.02%). EuropeanRead More
    Public
  • Mini deal takes pressure off, hopes rise US and China can reach broader deal

    Technically the XJO is still trading inside of a pennant pattern looking for a direction. With the futures up we should see the 6,606 resistance level break and a possible test of the downtrend line and resistance at around 6,700-6,750 in the coming week. Otherwise to the downside, support is at around 6,500. Our shortRead More
    Public
  • Trump: ‘They want to make a deal, but do I?’

    Technically the XJO is in a shallow downtrend and breaking several key support levels. The downtrend line is still some away however - it comes in around 6,700. If our market can break to the upside, it will have to get through the 50 and 100 day moving averages around 6,600 before further bullishness canRead More
    Public
  • China proposes the US imposes no new tariffs

    Technically the XJO is in a shallow downtrend and breaking several key support levels. The downtrend line is still some distance away however. The market is holding 6,500 as support; If 6,500 breaks convincingly, 6,400 would be the next downside target, and if that breaks the market could head back to the 200-day moving averageRead More
    Public
  • XJO to open higher again, despite weak US session

    Not much has changed for the XJO from a technical perspective as we appear set to slowly rise until further developments are seen overseas. Technically, the XJO is in a downtrend and breaking several key support levels. However, the downtrend line is a way away, and the index will have to break several key resistanceRead More
    Public
  • XJO to end the week on a high

    The XJO will bounce on open today, reversing at least a little of yesterday's falls. Technically the XJO is in a strong downtrend and breaking several key support levels. It settled just below the next key support at 6,500 - although it is set to open above this level this morning. Despite the likely riseRead More
    Public
  • XJO set to fall after weak US session and escalation of HK protests

    Our XJO rose on the back of yesterday's interest rate cut from the RBA, as well as positive futures markets in the northern hemisphere. The RBA cut rates to a record low 0.75%, which the market seemed to applaud. Regardless, rates are being cut because of weak economic fundamentals, and the cut hasn't stemmed aRead More
    Public
  • XJO set to open fairly flat as Trump reverses tune on trade

    The XJO appeared to break its short-term uptrend yesterday, but held support at 6,700 index points. If 6,700 breaks the market should eventually fall back towards the 6,630 support, if that breaks, 6,500 would be the next key target to the downside for our market. If the XJO can reverse and break resistance at 6,750Read More
    Public
  • XJO set to fall after Trump speech and impeachment inquiry

    For four days now the XJO has stalled at 6,750 - with this level holding strongly as resistance. Despite this, the market has otherwise maintained its uptrend, formed over the past month. This uptrend will likely break this morning however, with our index set to open significantly lower. A break of the uptrend could seeRead More
    Public
  • XJO to open flat after weak European session

    The XJO has thrice now failed to close above its resistance at 6,750 - after testing it on Thursday, Friday, and Monday; the market is otherwise maintaining its uptrend, formed over the past month. If the XJO can break above 6,750 - we could see a move back to the all-time high at 6,851. However,Read More
    Public
  • XJO to open flat, after a weekend of positive noises on trade

    The XJO has twice now failed to close above its resistance at 6,750 - after testing it on Thursday and Friday, the market is otherwise maintaining its uptrend, formed over the past month. If the XJO can break above 6,750 - we could see a move back to the all-time high at 6,851. However, aRead More
    Public
  • XJO to open higher after US again closes flat

    The XJO closed above the resistance level of 6,700 yesterday, continuing on a short-term uptrend. The market seemed to immediately rise to the next level at 6,750 before pulling back however. The futures are indicating another rise on open today, and we could see it rise to test the 6,750 level once again. The longer-termRead More
    Public
  • XJO set to open flat once again after US rate cut

    The XJO finished lower yesterday despite positive leads and futures. Technically, our major index is in the point of an ascending triangle pattern, between resistance at 6,700, and a 3-week uptrend line. If the XJO can break through 6,700, the next targets will likely be the next level at 6,750, and the all-time highest closeRead More
    Public
  • Markets brace for FED decision, can they give markets what they want?

    The XJO close out the day higher after another whippy session, buying in match out saw the XJO jump and close at the 6700 resistance. With the futures up only slightly today, we will likely see that level hold. Technically, the XJO is now in a short term uptrend and is trading in the edgeRead More
    Public
  • Markets stall awaiting FED and uncertainty on Oil supply

    The XJO closed out the day slightly higher after a whippy session, once again it struggled to continue to push higher holding around the 6666 level. This has been a bit of a magnet for our market for some time and it seems to have become some resistance again. With the futures down today, we

    Read More
    Public
  • ECB promises continued stimulus, pressure is now on the FED

    The XJO failed to hold onto gains yesterday after following strong leads early in the session. By the close, we saw most of the days move reversed closing only 16 points higher. The 6666 level has been a bit of a magnet for our market for some time and it seems to have become some

    Read More
    Public
  • US rates should go down to zero or less? Are the FED a bunch of “boneheads”?

    The XJO has been consolidating just below the 6666 resistance level, this level seems to be a magnet for our market lately. With the futures up today, we will likely see that level tested again. Technically the XJO is now in a short term uptrend and is testing the uptrend line and support at 6,600.

    Read More
    Public
  • Markets waiting for ECB and FED

    The XJO sold off yesterday much stronger than other world markets. The disconnect could be partly a reaction to the higher AUD and 10-year Australian bond yield increasing. This is a signal that rates made stay on hold for a little while longer. Technically the XJO is now in a short term uptrend and is

    Read More
    Public
  • Markets stagnate as they await a new catalyst

    The XJO seems to have run out of momentum after a strong move higher over the past few weeks. The channel has broken to form a short term uptrend with the next target around 6,750, the short term indicators are starting to look overbought. With the Futures down slightly we are likely to see a

    Read More
    Public
  • Markets pause awaiting central banks

    The XJO continued to push higher Friday breaking the 6630 resistance, the XJO is breaking out of the Channel and is still showing bullish signals to around 6,750, the short term indicators are starting to look overbought. With the Futures down slightly we are likely to see a fairly flat day today. We suspect that

    Read More
    Public
  • Markets rise as uncertainty eases on trade

    The XJO pushed higher yesterday following strong leads out of China and US Futures but still held the 6630 resistance. It seems the XJO could be breaking out of the Channel after pushing through the 6,604 resistance, but at this stage, we haven’t broken the 50 day MA and the 6,630 resistance level. With the

    Read More
    Public
  • Hong Kong tensions ease and strong Chinese services PMI help boost markets

    The XJO pushed lower than expected throughout the day yesterday, but late buying reversed most of the move down. Locally, weakening GDP started to weigh on sentiment, but news from Hong Kong and China helped the market recover. Technically the XJO is forming a channel between 6,604 and 6,400. With the Futures up today, we

    Read More
    Public
  • Markets set to fall following weak leads from the US after they reopen from a long weekend

    The XJO tried to pull back yesterday but was fairly flat by the close. Technically the XJO is forming a channel between 6,604 and 6,400. With the Futures down today, we will likely hold the 6,604 resistance again. If we break 6,604 the market will be looking bullish with targets around 6,750. Otherwise, if weRead More
    Public
  • Markets trade on low volumes whilst US markets remained closed for Labour Day

    The XJO yesterday pulled back slightly after testing the 6604 resistance level. It is becoming likely that we are forming a channel between 6,604 and 6,400. With the Futures down today, we will likely hold the 6,604 resistance again. If we break 6,604 the market will be looking bullish with targets around 6,750. Otherwise, ifRead More
    Public
  • Trading update: Market set for a soft start as further tariffs hit

    The XJO on Friday jumped higher following strong leads offshore, pushing the XJO back to the next resistance at 6,604. With the 5,547 resistance now broken, the downtrend could be coming to an end. But we cannot confirm an uptrend yet, as we may be starting to form a channel between 6,604 and 6,400. WithRead More
    Public
  • Trading Update – Markets see some relief after China trade comments

    The XJO yesterday closed slightly higher after a very whippy session, pushing closer to the key 6,550 resistance level. At this stage, we consolidating between 6,550 and 6,400, it is hard to have much of a view until one of these levels break. If 6,400 breaks, we will reconfirm the downtrend with target around 6,200Read More
    Public
  • Trading Update – Markets consolidate ahead of US labor day and tariff deadline

    The XJO yesterday regained some of the heavy sell-offs after testing the 6,400 key support level. So we are back trading in the edge of a pennant pattern waiting to see if we break up or down. If 6,400 breaks, we will reconfirm the downtrend with target around 6,200 and the 200 day MA, whichRead More
    Public
  • Bond yields invert and US dollar continues to appreciate against Chinese Yuan

    The XJO yesterday regained some of the heavy sell-offs after testing the 6,400 key support level. So we are back trading in the edge of a pennant pattern waiting to see if we break up or down. If 6,400 breaks, we will reconfirm the downtrend with target around 6,200 and the 200 day MA, whichRead More
    Public
  • Trading Update – Is China coming back to the negotiation table?

    The XJO yesterday sold of heavily but held support at 6,400. 6,400 has become the level to break to confirm the market will continue lower. The XJO technically is still in a short term downtrend as we haven't seen a higher peak and trough. With the Futures up this morning likely stay inside the descendingRead More
    Public
  • Trading Update – ‘Tariff Man’ is back with a vengeance

    The XJO on Friday edged out a gain, pushing close to the 6,547 resistance and looking like it could be starting to break the downtrend line. The XJO technically is still in a short term downtrend as we haven't seen a higher peak and trough. With the Futures Down this morning, we will test supportRead More
    Public
  • Trading Update – Markets at pivot point awaiting central banks meeting

    The Australian SPI futures closed 15 points lower, indicating the market is likely to open lower. The XJO pushed higher yesterday but struggled to hold onto the gains. The XJO technically is still in a short term downtrend and back inside a descending triangle. With the Futures up this morning, we will test resistance andRead More
    Public