The tourism and travel stocks have bounced back to life in a big way following the initial Omicron scare, we think that CTD might be offering a useful road map for the ASX over the coming weeks / months – we are bullish CTD targeting another 10-15% upside, this should give us a useful read through on our position in Qantas (QAN) and the market in general i.e. if CTD reaches the $26.50 area during a Christmas Rally expect MM to moving down the risk curve.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is bullish CTD targeting fresh 2021 highs
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