Marcus Take Wednesday – Some life in Lithium today, and China.

Reports Section

The new RBA rhythm refreshes the parts Philip Lowe didn’t reach. Catch the knife anyone – The Chinese stock market bounced yesterday. Magnificent Seven or Sensational Six – Tesla is down 38% in six months and is 55% below the 2021 high. Lithium stocks came alive overnight. For a night. Resources drift. Iron ore price downgrades.
And there it is – a sell signal on the CBA a week ahead of results. Right on schedule. India – it doesn’t matter which ETF you buy.

Pre-Market Report

Reports Section

US equities rebounded overnight after a previous session's selloff. Despite a subdued start, markets rallied towards the close. The S&P 500 gained 0.2%, with the Dow Jones gaining 141 points. The tech sector lagged, tempering overall gains. NASDAQ eked out a modest 0.07% gain. Meanwhile, US Treasury yields dipped as markets awaited signals regarding potential…

Trading Section

Reports Section

SUMMARY Selling FANG to take a profit, chart going parabolic. India ETF NDIA hits a 52-week high. BHP has a nasty fall, FMG sell signals. TLS prints a daily sell signal but not enough reason to sell. WDS performing well, moving averages in steady uptrend. OBSERVATIONS Selling FANG to take a profit, chart going parabolic.…

Pre-Market Report

Reports Section

US equities kicked off the week lower as Powell dismissed speculations of imminent rate cuts, and the market digested a mixed array of US earnings reports. The Dow traded lower all day, falling 274 points (-0.71%). Down 434 points at worst. S&P 500 lost 0.32%, and the NASDAQ fell by 0.20%. The US services sector…

End of Day Report – RBA Holds Rates at 4.35%

Reports Section

The ASX 200 falls another 44 points to 7582 (-0.6%). Off the lows and relatively unchanged post the RBA decision to keep rates unchanged and a surprising bias to the upside on rates. Growth forecasts were downgraded slightly. Once again banks were steady despite flashing overbought levels, CBA down 1.0%. The Big Bank Basket $198.15…