S&P500 & Market Direction
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
NASDAQ
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.

Send our ASX Research to your Inbox
Or start a free thirty day trial for our full service, which includes our ASX Research.

