Marcus Take Friday – Normal is Great
The Wall Street sell down didn’t follow through – back to normal.
Members Podcast Friday – Last trading day before Christmas
Our market quiet as you’d expect – no follow through on yesterday’s selling
End of Day Report
ASX 200 finished flat at 7502, down 3 points. Xmas apathy took over despite a rally on Wall Street. Inflation numbers tonight, but not expecting much. Banks were flat, with the Big Bank Basket down to $189.53 (-0.1%). The $190 level has been resistance in the past. Financials also slipped. MQG down 0.5%, with insurers…
Henry’s Take – Trim the Decks
Trimming the decks.
The day has come in lithium.
Target reached,happy to bank some money.
When Talking Heads speak should we listen?
Timing the Market.
Technical Scans
101 stocks in the All Ords overbought today on a daily basis. Expect quite a few sell signals tomorrow.
Technology Sector with a daily sell signal.
PME with a daily sell signal.
REA hits a 52-week high. Up 62% this year.
ASX overbought on a daily basis.
Pre-market Podcast
The Dow Jones slid 475.9 points to 37,082. The Nasdaq was lower by 1.50% to 14,777.94.S&P 500 fell 1.47% to 4,698.35 worst day since September.
Marcus Take
Wall St traders take profits for the sake of it.
Consumer Confidence rises more than expected.
UK inflation falls more than expected.
Bond yields continue to fall.
Members Podcast Thursday – Holding the line but selling some trades
The market holds the line despite Wall St selling off – end of the rally, or a one day abberation?
End of Day Report – ASX 200 slips 34 points.
The ASX 200 fell today 34 points to 7504 (-0.5%). A better performance than SPI suggested as US futures rallied a little. Volume and news were a little light on as we approach the Xmas break. Banks eased back slig