Author: james Carter
The ASX 200 sold off from the start of the session, closing down 38 points after touching 5,399. Quite the opposite from the US markets overnight and the Hong Kong Futures today which are currently up 226 points (+0.9%) at 24,408 embracing the Chinese stimulus.
US Indices diverge, but the NASDAQ fell hard last night – a sign?
The local market continued its weakness for the week, with the ASX 200 closing 28 points lower at 5,445.
Is QBE the best way to chase relative strength in the US economy?
The ASX 200 followed the weak lead from the US equity markets, closing down 58 points at 5474.
** Please note the Hickman Report will come out Sunday night due to annual building maintenance at our offices in Sydney.
The ASX 200 continued sold off today, closing 15 points lower with the banking sector dragging (e.g. CBA closing down 41c at $80.23 and Westpac (WBC) down 37c at $34.25).
I am negative the markets at present, as outlined in recent reports, anticipating the ASX200 to reach at least 5,350. Hence, if traders are not “writing calls” against the stocks below, I would be reducing market exposure, depending on personal holdings.
Apple closes back over $US100 as the Australian market continues to evolve
It was a sea of red today, with the ASX 200 selling off from the morning, closing down 28 points to 5,546.
Really bullish, there's more to go in the reflation rally
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