Members Podcast Friday – inclides a lesson on RSI buy and sell signals
Big Tech bounces- for today anyway – a lesson today in RSI
End of Day Report
ASX 200 bounces 75 points to 7421 (+1.0%) in a solid yet unexciting day really. Third weekly decline still, and down 77 points on the week. Banks led the charge up, with CBA hitting record highs up 0.7%. The Big Bank Basket up to $193.89 (+1.0%). MQG rallied 1.5% with insurers up as QBE rallied…
Pre-Market Report
US stocks closed in the red as treasury yields rose following stronger-than-expected retail sales data. The S&P 500 and NASDAQ each dropped almost 0.6%, while the Dow Jones closed 94 points lower. Real estate, consumer discretionary, tech, and materials were among the worst-performing sectors. Megacap stocks Alphabet, Amazon, and Nvidia experienced losses exceeding 0.6%, and…
Henry’s Take – Reality Bites!
Market is coming to terms with rate reality.
Been bearish recently.
Uranium. DYL quarterly. Happy to take profits.
Speculative buys in DRO and OEC.
Marcus Take Thursday – Rate cut hopes fade again
Rising interest rates the theme of the week. Maybe the month. A look at some interest rate winners and losers. Thought about buying SNAS. But haven’t. There is nothing precipitous going on yet. The S&P 500 is still within 1% of its high. AUD down on Chinese GDP. Resources with it. Should have bought the USD ETFs for a trade (YANK, USD), but didn’t. Can Big Tech results turn the sector. We’ll find out in the next fortnight.
Pre-market Podcast
US slips slightly again. Three days straight.
Rate bets being unwound a little. Retail sales strong.
BHP production Report. SPI down 22 points.
Trading Section
SUMMARY BHP and iron ore fall on Chinese GDP data. One Stocks in Cash. AGL prints a buy signal but wouldn’t trade until chart improves. Tempted for a trade in CPU but the easy gains have been made. No changes to Ideas Trades. DTL hits a 52-week high, held in the MT Growth Portfolio. One…
Members Podcast Thursday – A lesson on charts
This podcast includes a lesson in charts, candles and the appropriate time periods for traders and investors
End of Day Report
ASX 200 fell for the fifth day down around 47 points to 7347 (-0.6%). Losses across the board, with local jobs data showing a slow down perhaps, with the headline steady at 3.9%. Seasonal factors may be the issue. Banks held steady on job numbers. The Big Bank Basket pretty much unchanged. Insurers better on…