Tomorrow's trading on the ASX?

[debtfree]

Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 60.1 points higher, up 0.77%.

I think most of us are happy to see the end of this week. It was a topsy turvy affair – even after today's rally, and it's probably left many feeling a little perturbed by their portfolio's performance.
And there's still one more major risk event for the week to come with tonight's release of the Federal Reserve's preferred measure of inflation, the PCE Price Index...so remain in a heightened state of alert!
As usual, for all of the big moves in terms of news, winners and losers, and broker moves, as well as the latest technical analysis on the S&P ASX 200...
Let's dive in!

Evening Wrap: ASX 200 rebounds strongly on miracle resources and energy rally, lithium stocks lead on well received MinRes quarterly

I think most of us are happy to see the end of this week. It was a topsy turvy affair – even after today's rally, and it's probably left many feeling a little perturbed by their portfolio's performance. There's a major risk event on the horizon with tonight's release of the Federal Reserve's...

www.marketindex.com.au

 

[Dona Ferentes]

think most of us are happy to see the end of this week. It was a topsy turvy affair – even after today's rally, and it's probably left many feeling a little perturbed by their portfolio's performance.

naw, not really. reporting season coming up, and markets driven by this ...

... but and am driven by dividend flow. That's what pays the bills.

 

[Dona Ferentes]

companies reaching highs this July

Company	Record share price	12-month gain
Aristocrat Leisure	$53.75	34.5%
ALS	$15.28	29.5%
CBA	$134.25	26.2%
Cochlear	$350.32	42.2%
Goodman Group	$37.17	68.4%
JB Hi-Fi	$69.60	47.6%
Newmont Corp	$73.27	N/A
NEXTDC	$18.59	29.4%
Pro Medicus	$144.34	94.7%
Qube Holdings	$3.83	27.6%
REA Group	$207	24.9%
Steadfast Group	$6	8.7%
Telix Phamaceuticals	$20.76	71.7%
Technology One	$19.52	21.6%
Wesfarmers	$72.78	43%

 

[debtfree]

Market Index - Monday Morning Wrap

ASX 200 futures are trading 60 points higher, up 0.76% as of 8:30 am AEST.

Major US benchmarks finished higher on Friday but investors continued to rotate into cyclicals, value and small caps. A Trump speech sends Bitcoin sharply higher, US PCE inflation tops estimates but reinforces disinflation momentum and JPMorgan releases a sweep of ratings and target changes fro the REIT sector.
Let's dive in.

Morning Wrap: ASX 200 to rise, S&P 500 bounces, Small caps and value continue to outperform

ASX 200 futures are trading 60 points higher, up 0.76% as of 8:30 am AEST.

www.marketindex.com.au

 

[debtfree]

Market Index - Monday Evening Wrap

The S&P/ASX 200 closed 68.3 points higher, up 0.86%.

Any gain is a good gain, but it was made even sweeter today by the fact that it was broad-based (all 11 of the major ASX sectors rose, including nearly 3 rising stocks for every faller), and we closed a just whisker away from the session's high.
Closes near the high, particularly on days that showed a solid gain – indicate excess demand sustained into the close. Likely, the only thing that stopped the demand-side from acquiring more stock was...ding ding ding ding...the closing bell! It's usually a good sign demand will pick up tomorrow where it left off today...
All things being equal.
That is: No crazy stuff happening in global stock or commodity markets tonight!
For all of the big moves in all the big (and small) stocks on our market today, plus technical analysis of the Russell 2000 and High Grade Copper, plus all the key economic data points to look out for this week, and all the big broker moves for the day...
Let's dive in!

Evening Wrap: ASX 200 logs solid gain on surging tech, consumer stocks, gold leads resources higher, but lithium dips again

Any gain is a good gain, but it was made even sweeter today by the fact that it was broad-based (all 11 of the major ASX sectors rose, including nearly 3 rising stocks for every faller), and we closed a whisker away from the session's high.

www.marketindex.com.au

 

[debtfree]

Market Index - Tuesday Morning Wrap

ASX 200 futures are trading 55 points lower, down -0.69% as of 8:30 am AEST.

Major US benchmarks finished relatively flat overnight as the market braces for a massive week of high-profile earnings and macro events, McDonalds shares rally despite reporting weaker-than-expected Q2 revenue and earnings, another major Fortescue holder is seeking to sell almost $2 billion worth of shares and Credit Corp is set to kick off August reporting season with its FY24 results this morning.
Let's dive in.

Morning Wrap: ASX 200 to fall, US markets gear up for big tech earnings + Credit Corp FY24 results

ASX 200 futures are trading 55 points lower, down -0.69% as of 8:30 am AEST.

www.marketindex.com.au

 

[Dona Ferentes]

gotcha.

The S&P/ASX 200 closed 36.4 points lower, down 0.46%.

Not fantastic day on the Aussie stock market, most stocks were down – but we didn’t close on the lows, and the really big losses were limited to a few sectors.... Whilst the headline 36-point loss on the S&P/ASX200 was modest, there was plenty going on under the surface – and plenty in the ways of of massive stock-specific moves, to whit:

Fortescue
Appen
Credit Corp.

Evening Wrap: ASX 200 pares losses, no help from Fortescue plunge, tumbling lithium prices in China

Not fantastic day on the Aussie stock market, most stocks were down – but we didn’t close on the lows, and the really big losses were limited to a few sectors. Fortescue (ASX: FMG) plunged over 10% after media reports foretold a massive $1.9 billion block trade being put the market by a major...

www.marketindex.com.au

 

[debtfree]

Market Index - Wednesday Morning Wrap

ASX 200 futures are trading 29 points higher, up 0.36% as of 8:30 am AEST.

The S&P 500 and Nasdaq lost ground ahead of big tech earnings, investors continued to rotate into small caps and value overnight, Rio Tinto reports its first-half FY24 results today, Credit Corp shares whipsaw on a mixed set of numbers on Tuesday and Aussie inflation figures are due at 11:30 am.
Let's dive in.

Morning Wrap: ASX 200 to rise, S&P 500 stumble ahead of tech earnings + Rio Tinto earnings

ASX 200 futures are trading 29 points higher, up 0.36% as of 8:30 am AEST.

www.marketindex.com.au

 

[debtfree]

Market Index - Wednesday Evening Wrap

The S&P/ASX 200 closed 139.1 points higher, up 1.75%.

The S&P/ASX 200 rose one hundred and thirty-nine point five points today.
It was so good I had to spelt it out.
I don't need to spell out to you just how important today's June CPI data was in sparking the celebrations. 0.2% quarter on quarter. That's the difference between the +0.8% quarterly change in prices across the Australian economy the CPI reflects, and the +1.0% change economist were forecasting.
Ecstasy and agony are often defined by very small margins in the stock market! I, and I'm sure you, don't care what the margin was...we will gladly take today's win!
Even better, if the technicals of today's session are anything to go by – i.e., a long white candle closing smack-bang on the high of the session, a record high close, as well as market breadth in the broader-based S&P/ASX 300 showing a near-unanimous 262 to 18 gainers versus decliners – in theory there should be plenty more wins to come.
It just doesn't get any better...and on that cheery note...
Let's dive in!

Evening Wrap: ASX 200 soars as August RBA rate hike evaporates into a haze of buying across tech, energy, and resources stocks

All 11 of the major ASX sectors were up today, and most of those sported gains in excess of the XJO’s 1.75%. The Information Technology (XIJ) (+2.5%) was the best performing sector. Energy (XEJ) (+2.5%) was the second best performing sector today, and Resources (XJR) (+2.3%) was the third best...

www.marketindex.com.au

 

[Dona Ferentes]

I'm calling it a relief rally

 

[debtfree]

Market Index - Thursday Morning Wrap

ASX 200 futures are trading 17 points higher, up 0.21% as of 8:30 am AEST.

Major US benchmarks finished higher as chip stocks rallied, Powell says a rate cut 'could be' on the table at the next meeting, gold prices surge as Middle East tensions escalate, Microsoft shares dip on mixed Q4 results and a massive capex outlook, and Eurozone inflation unexpectedly ticks higher.
Let's dive in.

Morning Wrap: ASX 200 to rise, Chip sector rally lifts the S&P 500 + Fed hints at possible rate cut

ASX 200 futures are trading 17 points higher, up 0.21% as of 8:30 am AEST.

www.marketindex.com.au

 

[Dona Ferentes]

The S&P/ASX 200 closed 22.4 points higher, up 0.28%.

It was another solid performance by local stocks today as a combination of positive overseas stock and bond market leads, plus a solid bounce in commodity prices helped drive broad-based gains. Real Estate, Tech, Energy, and Resources stocks extended their gains from yesterday's record-beating index performance, while Industrials and Financial stocks lagged.

News that global lithium giant Albemarle is planning to drastically cut production at its WA-based operations sent several other local producers higher on hopes the price is finally low enough to drive out supply out and rebalance the market. The news didn't help lithium prices, though, they were down sharply again in China.

Evening Wrap: ASX 200 logs record as big bounce in metals and crude oil drives gains across energy and mining stocks

It was another solid performance by local stocks today as a combination of positive overseas stock and bond market leads, plus a solid bounce in commodity prices helped drive broad-based gains. Real Estate, Tech, Energy, and Resources stocks extended their gains from yesterday's record-beating...

www.marketindex.com.au

 

[Dona Ferentes]

tomorrow is Green and Gold Day

... may the markets reflect this...

Green and Gold Day | Paris 2024

Official site of the Australian Olympic Committee. Profiles and results for every Australian Olympian. News on all sports and a history on all previous Olympic Games.

www.olympics.com.au

 

[Dona Ferentes]

speed bump ahead.
.
ASX 200 futures are trading 144 points lower, down 1.81% as of 8:30 am AEST.

Get ready for a rough one – Major US benchmarks finished lower overnight after poor manufacturing and employment data revived recession fears...

Morning Wrap: ASX 200 set for worst session since April, S&P 500 tumbles on growth fears

ASX 200 futures are trading 144 points lower, down 1.81% as of 8:30 am AEST.

www.marketindex.com.au

 

[Dona Ferentes]

and how did it go? ...like this, today.

ASX 200 smashed on growth fears, uranium stocks obliterated on Kazatomprom news, nowhere to hide (except gold)​

The S&P/ASX 200 closed 171.5 points lower, down 2.11%.

Evening Wrap: ASX 200 smashed on growth fears, uranium stocks obliterated on Kazatomprom news, nowhere to hide (except gold)

All 11 of the major ASX sectors were down today, and apart from the typically defensive Utilities (XUJ) (-0.06%), the damage started at down 1.3% and tanked steadily from there. Defence was the name of the day, with Consumer Staples (XSJ) (-1.3%) and Communication Services (XTJ) (-1.3%) least...

www.marketindex.com.au

 

[eskys]

https://www.commsec.com.au/content/dam/EN/ReportingSeason/August2024/CommSec_Reporting_Season_Calendar_August_2024.pdf

 

[eskys]

Morning Wrap: ASX 200 to tumble, Nasdaq falls into correction on weak US jobs data

ASX 200 futures are trading 115 points lower, down -1.48% as of 8:30 am AEST.

www.marketindex.com.au

 

[Dona Ferentes]

two days, that's different

have things turned on a dime?

 

[eskys]

Will we have a reprieve AFTER today, @Dona Ferentes? Market too stormy to guess. Did you watch the Neikki last week, Asian markets and the rest? I'm staying put, no move is a good move, until I can figure it out.....good luck

I thought RBA tomorrow (it's not in MI writeup today, so maybe I got it wrong)?

 

[eskys]

Looking a little afield, few hours into the future (bearing in mind this can change)

Nikkei 225​

Sep 24

34,612.50

34,757.50

34,490.00

-1,282.50

-3.57%

19:15:44

	TOPIX​		2,542.50	2,695.50	2,531.00	-154.00	-5.71%	02/08
	Hang Seng​	Aug 24	16,905.00	17,077.00	16,824.00	-409.00	-2.36%	02/08
	China H-Shares​		6,000.00	6,122.00	5,949.00	-100.00	-1.64%	02/08
	CSI 300​		3,382.80	3,419.00	3,374.40	-37.60	-1.10%	02/08
	China A50​	Aug 24	11,676.00	11,681.50	11,647.00	-80.00	-0.68%	02/08
	S&P/ASX 200​	Sep 24	7,770.00	7,923.50	7,697.50	-299.00	-3.71%	02/08
	Singapore MSCI​	Aug 24	306.30	309.60	305.90	0.00	0.00%	02/08
	Nifty 50​	Aug 24	24,711.55	24,884.80	24,670.00	-320.70	-1.28%	02/08
	Bank NIFTY​	Aug 24	51,429.30	51,736.90	51,151.60	-324.10	-0.63%	02/08
	KOSPI 200​	Jun 24	365.75	374.00	365.20	-16.80	-4.39%	02/08
	SGX FTSE Taiwan​	Aug 24	1,801.50	1,887.75	1,797.25	0.00	0.00%	02/08