End of Day Podcast – By Marcus
Market closes down 38. Can’t win a trick.
Technical Signals Monday – Sell signals on US markets
SUMMARY US markets are topping out on weekly charts. There are some daily buy signals, but not sure you bother in this market trend. A number of US Tech ETFs now topping out – GAME, CLDD, ROBO. Uranium is still overbought. REITs join Healthcare as an oversold sector. Those weekly sell signals on the US…
Pre-market Podcast Monday – Was that bounce on Friday a one day wonder or the real thing
SPI Futures down 18. Lets see if Friday’s Australian bounce follows through today or whether it was a one day wonder. My guess is that it was a one day wonder.
Pre-market Report
Dow Jones down 107 points on Friday in a narrow range. Wall Street was up 86 at best and down 123 at worst, closing near its lows. S&P 500 down 0.3%. The NASDAQ down 0.09% where it was up almost 1% for most of the morning trade before losing all gains in the afternoon. US 10 and 2 year bond…
Marcus Monday – Big Tech Trade Terminated
Sell signals on Big Tech – has the only trade in town been Terminated? Today we find out if that 109 point bounce in the ASX 200 on Friday was a turning point or just one good day in a downtrend. Will the Resources buying follow through today? Will the Lihtium stock bounce carry on?
Members Podcast on Monday – No follow through
The buying in our market on Friday hasn’t followed through today. Sell signals on the US markets. We are in cash in all our active portfolios.
End of Day Report Friday
The ASX 200 kicked off the week on a positive note, up 8 points, recovering all of the morning losses and finishing at 7077 (+0.1%). Major sectors finished mixed today. Tech stocks were the star performers, buoyed by lower bond yields and an uptick in NASDAQ futures. WTC up 1.6%, XRO gained 2.0%, while SQ2 lost 1.8% down for its seventh consecutive session. All-Tech Index up 1.2%. A…
End of Day Podcast on Monday – Another intraday rally
ASX up 8 points having been down 46 – another session of constant buying from the lows. Iron ore a weak spot.
Members Podcast
All the Members Podcasts from Last week