Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?

MIN for me, entered last Thursday on the cross of the 8ema. Hoping there's 10% in it but will take what the market is offering.

1728805900313.png

On the intraday charts it rolled over pretty hard late Friday but hoping this was just usual close of week stuff.

1728806353984.png
 
ASX 200 futures are trading 46 points higher, up 0.55%.

Major US benchmarks rallied overnight – with the S&P 500 posting its 45th record close of the year, US earnings season kicks off with better-than-expected earnings from JPMorgan and Wells Fargo, analysts note a record amount of cash flowing into Chinese equities, US producer prices printed in-line with market expectations, China's deflation problems continued to persist in September and aluminium stocks like South32 and Alcoa are set to soar on Monday
.
 
ASX 200 futures are trading 37 points higher, up 0.44%..

Major US benchmarks continued to climb overnight amid tailwinds from positive bank earnings, soft-landing momentum and the reopening of corporate buybacks. Oil prices nosedived on OPEC demand cuts, China's trade data misses market expectations amid weak domestic demand ....
.
 

Evening Wrap: ASX 200 smashes to new record as big banks lead gold and tech stocks higher, energy slumps again

The S&P/ASX 200 closed 65.6 points higher, up 0.80%.
Any day where we make a new record high is a good day, but this one was particularly sweet given the high session close (indicates excess demand persisted right up to the closing bell) and the very broad nature of the move (advancers beat decliners by more than 3 to 1).
.
 
ASX 200 futures are trading 32 points lower, down 0.38%.

Major US benchmarks finished lower as global markets faced a series of challenges overnight – a continued pullback in oil prices, a weak Chinese stock market amid growth and stimulus skepticism, chipmaker selloff after poor guidance from semis-supplier ASML and ongoing geopolitical concerns
.
 
The S&P/ASX 200 closed 33.7 points lower, down 0.41%.

You could call it an atypical "pullback day". [I'm more of the " a typical " pullback day , m'self ..]. Things have been good. Nothing goes up in a straight line.
And to be fair...it wasn't all doom and gloom on the Aussie share market today. Gold stocks were brilliant, just some stunning moves there, and bank stocks were again stalwarts.
On the other hand, technology shares bore the brunt of the selling as US tech shares pared back overnight, and energy stocks were again belted on lower crude and natural gas prices
.
 
The S&P/ASX 200 closed 71.2 points higher, up 0.86%.

Another record close for the S&P/ASX200 with most sectors along for the journey
.
 
Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 72.7 points lower, down 0.87%.

It was a disappointing end to what was until today, shaping up as a potentially watershed week for the S&P/ASX 200. Yesterday's record close, helped by a resurgence in major banking stocks, was for the most part not being impeded by resources stocks.
Sure, resources have been off the boil since their heroics in September, but there was for perhaps the first time this year, a semblance of coordinated prosperity among the two biggest ASX sectors. I can say with confidence: If banks and resources both get going at the same time, the Aussie stock market is going to do some very special things.
But alas, it wasn't meant to be. At least not today!
It was a dour Friday's trade, were losers outnumbered winners by nearly five to one. Interest rate sensitives were hit the hardest, while gold stocks offered the only glimmer among a sea of red.
I'll explain who, what, and why in the main Wrap, so be sure to click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all of the key economic data.
Also, I have detailed technical analysis on the Russell 2000 and Gold in today's ChartWatch.
Let's dive in!

 
ASX 200 futures are trading 44 points higher, up 0.52%.

Major US benchmarks finished higher led by better-than-expected Netflix earnings, uranium stocks continued to tick higher on big tech power supply deals, China's economic data surprises to the upside but property sector still in shambles, local gold mining stocks set to soar as bullion prices continue to climb higher
.
 

Evening Wrap: ASX 200 pops on silver and gold price surges, Wisetech and Mineral Resources savaged by CEO indiscretions.

The S&P/ASX 200 closed 61.2 points higher, up 0.74%.
.
 

ASX 200 to tumble, S&P 500 slips, Soaring bond yields hit stocks


ASX 200 futures are trading 68 points lower, down 0.81%.

US stocks finished lower overnight as Treasury yields surged to their highest levels since July, driven by growing no-landing expectations and recent sticky inflation data, gold scored a fresh all-time high and China's recent rate cuts fail to lift economic outlook.
.
 
yesterday was a reality check

ASX 200 slumps as cash scrambles for sidelines amidst rising rate expectations and massive upcoming risk event The S&P/ASX 200 closed 138.7 points lower, down 1.66%.

.

ASX 200 to rise, S&P 500 posts first back-to-back loss since September

ASX 200 futures are trading 23 points higher, up 0.27%,
.
 
looks like kebabs tonight, no wraps so far.

here it is .. S&P/ASX 200 closed 10.3 points higher, up 0.13%
 
Last edited:
Top