Reporting hit a peak today with around 35 companies out with results and once again, we’ve had some significant moves across the market. From what I can see 25 large cap stocks rallied more than 4% while 14 large caps fell by at least the same margin. We also has... Show More

Another hugely interesting day and we’ve just had BHP across the ticker to round things out (I have done a quick recording below after the numbers dropped). Six large caps dropped more than 6%, a couple by more than 20% while on the flipside, five stocks in the top 200... Show More

The US market provided a good lead for stocks this morning and the market was strong early – up nearly ~60 points in the futures market before some sellers angled into the rally. Asian markets were higher as continued rumblings of an imminent trade deal bubbled away in the background... Show More

Volatility at the stock level was alive and well today with some big swings in companies that reported results….Breville (ASX:BRG) a cracking set of numbers and the stock reacted accordingly while the woes at AMP continue. Nothing to like about the stock here and a classic example of the old... Show More

Being negative (arguably) Australia’s greatest success story yields few friends – and that stance over the past ~7 years has been the wrong one. To be clear, I haven’t owned CSL over the long term, I’ve traded it - profitably - but missed the really juicy moves that have played... Show More

Sellers tipped into the market early today however the weakness was short lived as news trickled across the Bloomberg that a tentative deal had been struck on border security (aka the Wall) that would avert a second government shutdown. That saw US futures rally +0.50% and our market put on... Show More

A fairly lacklustre open to the trade this morning with the market trying to take the high road before succumbing to selling, mainly focussed in the banks following last week’s strong run up. That said, buyers bought the weakness from around lunchtime onwards and the market recovered into the close.... Show More

The market pulled back ~21 points today however continued to outperform overseas leads + we saw US Futures down during our time zone. The theme we discussed this morning around “Short SPI Futures / Long S&P spread trade” which seems to be unwinding was obvious again with weakness in US... Show More

Another day where the ‘Pro Australia’ theme was alive and well – the index opening marginally higher before yet another wave of strong buying across the market played out. Both resources and banks were strong, along with pretty much everything else as the cool winds of FOMO are blowing hard... Show More

The market crept higher again today, continuing with the momentum gathered yesterday, albeit at a slower pace. The banks dragged however that was offset by some decent buying in some of the beaten down names (retailers etc.) while we also saw some good moves continuing in the tech space. Resources... Show More

Bang…some massive pent up buying / or short covering, probably both playing out in the banking space today as the market clearly voted with its feet, jumping boots and all back into the banks. Of the ~114pts added to the market today, ~67pts came from the banking complex. While the... Show More

While the focus is squarely on the banks, there are other areas that may be impacted, some more aggressively so. This obviously includes mortgage brokers such as Mortgage Choice (ASX:MOC) and Yellow Brick Road (ASX:YBR) along with Home loans (ASX: HOM), the old resimac business and Finsure which is goldfields... Show More

The market was soft on open this morning giving back all the gains and them some implied by the SPI Futures on Friday (+20pts), however buyers stepped up to the plate largely focussing on the banking stocks ahead of the Hayne RC report which is just out – my initial... Show More

A fairly lacklustre Friday and first day of February – always a big month with domestic reporting season kicking off on Monday. Today the market opened higher, made a low around lunchtime then edged up into the close – all in all a fairly muted session which is understandable, why... Show More

Given the commentary from Jerome Powell (US Fed Chair) overnight, specifically around the trajectory of interest rates in the US (lower for longer) but more importantly the ability (and willingness) of the Fed to use unconventional measures to support the economy, trade in the US after the press conference and... Show More

The local market once again failed around the 5900 level as it continues to struggle to find the next leg higher. The market jumped out of the blocks early to crack the key 5900 level before giving back all of the gains before lunch and chopping around par for the... Show More

The ASX 200 came off the boil today with the index now looking set for a more protracted pullback into the ~5750 region or ~4% lower. After a reasonable open considering the weakness overseas, selling towards the banks ticked up and the market grinded down into a lunchtime low. Business... Show More

The market rallied today, following on from yesterday’s 20 point grind higher to add another ~40 points today. Buying was seen across the board with banks, resources, tech & even the retail names getting in on the act. Franking credit talk helped those with large balances, commodity prices pushed higher... Show More

The ASX edged higher with most of the gains coming late in the day, strong buying in the match with light volumes and options expiry playing around with prices - some big lines in the banks went through today ahead of what should be a fairly quite Friday leading into... Show More

Another day where sellers dominated for much of the session, although it was choppy and early weakness was offset by better than expected jobs data out at 11am. That prompted some strong buying amongst the banks simply given its another incremental piece of data that goes against the growing calls... Show More