MDS Financial Blog

Presented by Michael Hevern
MDSFinancial

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or

Click here to download the mp3 audio recording (1116Kb).

General Advice Only
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In this morning’s wrap…

SP500: up 1.4% (3.1% for week)
Jobs Up; M&A Activity;
Consumer Discretionary +3.9%

NASDAQ: up 1.5% (up 3.8% for week)
18 Month High

Dollar Index: Testing Highs
US$ Lower;
A$ up 90.77

FTSE: up 1.3% (up 4.6% for week)
Miners Lead Higher; Greek Concerns Ease;
DAX & CAC +1.4%(up 5% for week)

CHINA: up 0.3% (down 0.9% for week)
China: China is World #2 Energy User to Become Net Exporter of Oil Products
Hang Seng up 1.1% (up 0.7% for week)

Oil: up 1.6% ($82) (up 2.8% for week)
Steady Rise for the week

Gold: flat ($1138) (up 1.5% for week)
Commodities Higher;
USD Lower

SPI:Critical Level(s): 4600 to 4950 (up 5% for week)
SPI up 65 (1.4%)
Positive Move Overseas

ASX News
Insurers – bracing themselves after Melbourne Storms
AOE – Shell $3bn t/o
Gold – 4Q output up 14% (Nemount’s Boddington Mine)
QRL – $2.7bn IPO set for 4Q
BHP – coking coal price up 55% from JFE Steel
ASX – to open higher
US & UK – strong finish to week

Morning Wrap ASX News, BHP, Business News, Commodities, Crude Oil, Gold, stockmarket, technical analysis, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1116Kb).

General Advice Only
***********************************************
In this morning’s wrap…

SP500 up 0.1%
Resistance Despite Good Job & Services Data; M&A Activity

Dollar Index: Below 80 Level
US$ Lower;
A$ up 90.54

FTSE: up 0.9% – Swings Higher
EU, IMF welcome Greek $US6.5bn Fiscal Initiatives;
DAX & CAC up 0.7%

CHINA: up 0.8%
China: Growth to Slow – 3rd Richest Man; 2012 Debt to be 96% of GDP;
Hang Seng down 0.2%;

Oil: up 1.3% ($81)
Accumulation

Gold: up 0.2% ($1139)
Commodities Higher;
Dollar Lower

SPI Futures up 8 or 0.2% (Resistance?)
Swings Higher

ASX News
Rates – Interest rates are up 0.25% for all Big 4
WSA – Seeking JV partner(s) for Finland project
Upgrades – Credit Suisse: BHP, RIO, FMG, CEY, BSL
Gold – LGL, NCM playing catchup with spot price
ABS – iron ore sales to be up 20% 2010
GDP – Dec Q up 0.9%; FY upgrade 2.7% (vs 2.4%)

ASX – to open marginally higher
US & UK – Europe positive lead; US flat

Morning Wrap ASX News, Business News, Crude Oil, Gold, stockmarket, trading

James Gerrish

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (877Kb).

General Advice Only

*********************************************

In this morning’s wrap…Dow: down 0.2% 18 points
Financial higher
Commods lower;

FTSE: Down 6 points

Structures very positive

CHINA: Down 0.49%
Tracking down trending channel

Oil: Up again $80.20
Iran – political instability

Gold: down 0.78% or $8.70
Commodities lower – USD Higher

SPI: Critical Level(s): Down 2 points
Bounced off 200 DMA
ASX News
Results this morning for:
- Amcor
- Oil Search
- Cons Media
- Aristocrat Leisure
- GPT Group

Fairfax upbeat – Caltex pays divi
Seven – major restructure

Morning Wrap ASX, ASX News, BHP, Business News, Commodities, Crude Oil, DOW

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (3Kb).

General Advice Only
***********************************************
In this morning’s wrap…

SP500: up 0.9%
US: EU Pledges Greece Assistance;
NASDAQ Break S/T Resistance

Dollar Index: Recovers
US$ Flat;
A$ up 89.11

FTSE: up 0.6% – Nearing Resistance
UK:Concerns Ease; Financials & Miners Rise
DAX & CAC down 0.5%

CHINA: up 0.1% – Volatility Rising
China: Concerns Over Excess Capacity;
Hang Seng up 1.9%;

Oil: up 0.9% ($75)
US Blizzards;
Iranian Tensions

Gold: up 1.7% ($1094)
Commodities Higher;
Dollar Flat

SPI Futures up 40 or 0.9%
Stimulus Spending Helps Sees
Unemployment Falls to 5.3%

ASX News
RIO – FY profit $US6.3bn;Slightly Better; recovery in Alcan
BHP –1H profits down 7%; cautious on 2H
CBA – XDIV Mon;1H cash profit up 54%; bad debts decline
SUN – expects 1H profits up 45%; good weather
CPU – 1H profits up 35%;Rev up 3%; cautious on 2H
TLS – 1H profit falls 3.3%;Rev down 2.9%;Sales -2.5%

Reporting:
Fri – LEI, NCM (1H10)
ASX – to open higher – bargain hunting?
US & UK – positive

Morning Wrap ASX News, Business News, Crude Oil, DOW, Gold, stockmarket, technical analysis, trading

Presented by Michael Hevern
MDSFinancial

****** IF you Experience Technical Difficulties – Try Again in 20 mins ********

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (860Kb).

General Advice Only
***********************************************
In this morning’s wrap…

SP500: down 0.2%
US: Fed Outlines TARP Upwind Process;
Economy Still Needs Support

Dollar Index: Recovers
US$ Higher;
A$ down 87.51

FTSE: up 0.4% – Support?
UK:Concerns Ease; Financials & Commodities Rise
DAX & CAC up 0.6%

CHINA: up 1.1% – Volatility Rising
China: Stern Hu + 3 Face Close Court Trial;
Hang Seng up 0.7%;

Oil: up 1.0% ($74)
US Blizzards;
Inventories Up

Gold: down 0.1% ($1072)
Commodities Higher;
Dollar Lower

SPI Futures up 14 or 0.3%

ASX News
RIO – Stern Hu +3 face closed court trial on “massive bribes”
BHP –1H profits down 7%; cautious on 2H
CBA – 1H cash profit up 54%; bad debts decline
SUN – expects 1H profits up 45%; good weather
CPU – 1H profits up 35%;Rev up 3%; cautious on 2H
TLS – 1H profit falls 3.3%;Rev down 2.9%;Sales -2.5%

Reporting:
Thu – JHX (Q3), TLS (1H10), RIO (FY)
Fri – LEI, NCM (1H10)
ASX – to open flat to higher – bargain hunting?
US & UK – hold

Morning Wrap ASX News, BHP, Business News, Crude Oil, DOW, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (935Kb).

General Advice Only
***********************************************
In this morning’s wrap…

SP500: down 0.9%
US: Financials & Techs Weigh;
Sovereign Debt Issues in Europe

Dollar Index: Consolidating
US$ Flat;
A$ down 86.41

FTSE: up 0.6% – Nearing Support
UK: Concerns over Greece; Portugal & Spain; Energy Up;
DAX up 0.9% & CAC up 1.2%

CHINA: down 0.1% – Volatility Falling
China: Liquidity Tightens;
Hang Seng down 0.6%;

Oil: up 0.7% ($72)
US Stormy

Gold: up 1.03% ($1063)
Commodities Higher;
Dollar Flat

SPI Futures down 31 or -0.6%
Energy Higher

ASX News
MQG – Needs to rollover $2bn debt – caught short
AMP – still interested in AXA
RKN – FY profit up 20%; Op Rev up 42%

Reporting:
Tues – AWC (FY), BKN/COH (1H10); DJS (Q2); MQG mkt update
Wed – CBA,BLD,SGP,BHP,CPU (1H10)
Thu – JHX (Q3), TLS (1H10), RIO (FY)
Fri – LEI, NCM (1H10)

Miners & Banks to weigh early
Energy may see some bargain hunting
ASX – will open lower
US & UK – Breaks Support (volatility rising)

Morning Wrap ASX News, BHP, Business News, Commodities, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1119Kb).

General Advice Only
************************************************
In this morning’s wrap…

SP500: up 0.3% (down 0.8% for Week)
Jan. Jobs Loss of 20,000; Unemployment now 9.7%

NASDAQ: up 0.7% (down 0.3% for Week)
Bargain Hunters;

Dollar Index: New Highs
US$ Consolidates;
A$ down 86.86

FTSE: down 1.6% (down 4.1% for Week)
PIGS Cannot Fly;
DAX down 1.8% & CAC down 3.4% (for -2.5% for Week)

CHINA: down 1.9% (down 1.7% for Week)
China: Non-performing Loans Soar;
Hang Seng down 3.3%(down 2.3% for Week)

Oil: down 2.7% ($72) (down 1.4% for Week)
Set to Test Support

Gold: down 0.9% ($1066) (down 1.9% for Week)
Commodities Lower;
USD Consolidates

SPI:Critical Level(s): 4400 to 4650 (down 8.2% for Month)
SPI down 11 (-0.2%)
Current Support Level Critical

ASX News
SHL – cashed up with $1bn to spend
RMD – great report last week
RIO – New manger for China
JBH – 1H10 – profits up 29%
AMP – revising AXA
RBA – sees GDP growth rising to 3.25% 2010

Reporting:
Tues – AWC (FY), BKN/COH (1H10); DJS (Q2); MQG
Wed – CBA,BLD,SGP,BHP,CPU (1H10)
Thu – JHX (Q3), TLS (1H10), RIO (FY)
Fri – LEI, NCM (1H10)

ASX – to open flat – bargain hunting?
US – Buying late in session

Morning Wrap BHP, Business News, Crude Oil, Gold, stockmarket, trading

James Gerrish

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (598Kb).

General Advice Only

******************************************

In this morning’s wrap…
SP500: Down 1.89%
Obama plan for regulation
FTSE: Down 1.58%
Commodities weigh

CHINA: 0.22% higher
Oil: Down 2.14% to $75.80
Chinese plan to curb lending
Gold: down at $1094.40
USD rise
USD: Higher on risk aversion

ASX News

LGL Record Production
Rate rise building steam
Graincorp Chief resigned

AXA upgrade – puts pressure on suitors
MAP – strong passenger numbers

Morning Wrap ASX News, Business News, Commodities

James Gerrish

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (721Kb).

General Advice Only
*******************************************

In this morning’s wrap…
SP500: Down 1.06%
Results underwhelming
FTSE: Down 1.67%
Commodities weigh

CHINA: down 2.93%

Oil: Down 1.77% to $77.15
Chinese plan to curb lending
Gold: down at $1112.80
USD rise
USD: Higher on risk aversion

SPI: Critical Level(s): 4850 to 5050
Pullback today

ASX News

AMP preparing defense 
OZL strong production – beats expectations
QAN to swoop if JAL gives up routes 
Lower open expect 
Index options expiry

Morning Wrap ASX News, Business News, Commodities, Crude Oil, DOW

James Gerrish

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (719Kb).

General Advice Only
********************************************

In this morning’s wrap…
SP500: up more than 1%
Citi results + Health Care Stocks
FTSE: Up 0.4%
Kraft buys Cadbury

CHINA: up 0.3%

Oil: up 1.10% to $78.87
Chinese demand tipped to increase
Gold: up 0.85% to $1138
Consolidation key
USD: Higher on housing data

SPI: Critical Level(s): 4850 to 5050
Bounce from yesterday
ASX News

BHP record production 
Iron Ore talks a shambles – no benchmark likely 
Flight Centre upgrades earnings 
Computershare upgrades earnings 
Shares poised to retest highs – look to 5000

Morning Wrap ASX News, Business News, Commodities, Crude Oil, DOW