Russell Top 200 Growth ETF: Short Position
iShares Russell Top 200 Growth offers one way to capture short exposure to a correction in overpriced US growth stocks.
The iShares Russell Top 200 Growth ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics.
18/8: Remain on the short side of the trade and prepare to close the position when the price action trades above the 10-day average.
16/8 update: Maintain short exposure and lower the stop loss to $159.52
10/8 update: The sell-off in growth-related companies is taking place and we remain on the short side of the trade.
5/8 update: The price action remains below the 10-day average.
3/8/ update: The price action has rolled over and short exposure should be maintained whilst the close value is below the 10-day average.
Consider the short side with a stop loss on a break above $165.
Northern Star
Russell Top 200 Growth ETF: Short Position
iShares Russell Top 200 Growth offers one way to capture short exposure to a correction in overpriced US growth stocks.
The iShares Russell Top 200 Growth ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics.
16/8 update: Maintain short exposure and lower the stop loss to $159.52
10/8 update: The sell-off in growth-related companies is taking place and we remain on the short side of the trade.
5/8 update: The price action remains below the 10-day average.
3/8/ update: The price action has rolled over and short exposure should be maintained whilst the close value is below the 10-day average.
Consider the short side with a stop loss on a break above $165.
US interest rates
Goldman Sachs expects the first Fed rate cut to occur in mid-2024 and expects no more hikes this year.
Watch Last Night’s Webinar
In case you missed it, you can watch last night’s webinar here.
CSL
CSL FY23 revenue $13.31bn, up 31% on FY22 and NPAT of $2.19bn, down 3%. FY24, revenue growth is anticipated to be 10% with NPAT of approximately $3.0bn, representing 12% growth.
Star Entertainment
The Star Entertainment Group has been thrown a lifeline by the New South Wales government in the form of a “transitional” tax levy for the next seven years.
This will help Star finalise its funding arrangements.
Integral Diagnostics
Vulcan Steel
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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