Members Podcast Friday – Busy selling today
We’re taking some profits today in the Growth Portfolio and adding a bet on the NASDAQ falling – Traders only!
Marcus Take Friday – Taking profits and taking a bet on SNAS
The markets are turning over – “Sell before May and Go Away” – we’re taking some profits – its no biggie – just being cute
Pre-Market Report
Wall Street ended mostly higher overnight after data showed the US services industry growth slowed in March, but gains were capped after Powel signalled a rate cut was still not in sight. The Dow slipped 43 points (-0.11%). Up 136 points at best, down 153 points at worst. Intel down 8% weighed on the 30-stock…
Trading Section
SUMMARY Wall St holds up indicating yesterday’s selloff was overdone. Few big name sell signals MIN weathers the selloff yesterday relatively well. Iron ore closes mixed. Staying on the sidelines in MQG and FMG. KAR gives up 3% of gains to close flat. Oil up. Likely to head back towards $2.25 today. Gold stocks up…
Henry’s Take – You Got the Silver!
Fed heads out and about again.
Small relief rally.
Keith Richards and Silver.
Mary Daly from the Fed nails it with the Dot Plots.
Marcus Take Thursday – Still on the ledge – we didn’t jump off.
Powell calms the “No cuts” fear. Waiting on the Friday Jobs number. Relief rally today after the 105 drop yesterday.
Members Podcast Thursday – Hovering at the highs
Some lessons on broker research as we rebound from yesterday’s sell off.
End of Day Report
ASX 200 rose 35 points to 7817 (+0.5%) in quiet trade. Banks and industrials are making gains after the drubbing yesterday, with The Big Bank Basket up to $207.93 (+0.4%). MQG did ok, and insurers mixed, with SUN up 0.2% and QBE slipping slightly. REITs are back in demand, led as always by GMG, up…