Henry’s Take – Is there a Shift in the Force?
Added GEAR yesterday.
Is there a shift in the force?
Iron ore fell 7% in Asia.
Lithium rises. PLS signs offtake agreement.
Pre-Market Report – Bitcoin Frenzy Continues
Wall Street edged lower overnight as the market awaits CPI and PPI results this week to assess whether recent inflationary pressures were transient or indicative of a broader trend. The Dow finished 47 points higher. Up 72 points at best. Down 229 points at worst. The S&P 500 fell 0.11% and showed signs of overheating…
Trading Section
SUMMARY Multiple big ticket buy and sell signals after yesterday's heavy sell-off. PDN recovered from yesterday's soft open. BOE finished down. Holding for now. LLC holds up relatively well. Shorting ETFs print daily and weekly buy signals. BBUS, SNAS, BBOZ, BEAR. Sell signals from the big banks, WES, GMG, WTC to name a few. MQG…
Marcus Take Tuesday – Selling a few things including BHP and RIO
A lot of Big Cap sell signals after yesterday. Lessons from yesterday’s sell down – Banks are not the Messiah. On Alert. Resources sector breaking down – Selling BHP and RIO in Growth and Income. Too early to bail on Big Tech. Waiting for that “Big down day”. Income Re-vamp – Selling AFG, SHL, CGF and PPT (after it goes ex-dividend tomorrow). CPI Numbers in the US on Wedcnesday the focus. More risk than reward.
Members Podcast Tuesday – Holding up – a bit riding on tonight’s CPI number in the US
Making changes – some dramatic changes to our portfolios today as we run up a bit of cash
End of Day Report
ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93 (-0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again, down 2.3%. REITs mainly higher,…