Pre-market Podcast – By Marcus
SPI Futures down 16 first thing – CPI focus this week here and in the US – Presidential debate will be interesting
End of Day Podcast – By Marcus
It’s been a pretty ugly day for Resources. Tonight will be an interesting night. Let’s see if the Big Tech sell-down was just an options thing or real.
ASX Today
COMPANY NEWS Pilbara Minerals (PLS) has mixed broker reviews following the companies Pre-Feasibility plans released last week. The capex requirements for the mine expansion beat expectations but forecasts like these only have an ~30% cost accuracy on average. Morgans is the only broker to cut its target price from $5 to $4.65 (still highly optimistic).…
Trading Section
SUMMARY Market behaving. No change to Trading Ideas after a quiet night in the US. Gold and oil both down. Not good for NST, EVN or WDS. Will see how they hold up today. Expecting more volatility from EOS. Raised its stop loss on Friday. AD8 up 0.7% for the week. Patiently waiting for the…
Pre-market Report
US markets closed mixed following the “triple witching”, a quarterly event that saw ~$5.5tr in derivative contracts expiring. This increased normal volume, over 55% above the three-month average. The S&P 500 and NASDAQ fell 0.16% and 0.18%, weighed down by losses in Nvidia (-3.2%). Now 10% off its top. Big Tech behaved, Big Chips down.…
Marcus Weekend
MARKET STUFF Here are the scores on the doors for overseas markets and sectors this week. Not very exciting. Our market up 0.93% for the week with the Dow Jones up 1.45%, the S&P 500 up 0.61% and the NASDAQ flat on the week. A bit of a worrying tip over in the US technology…
Marcus Take Podcasts This Week
All of this weeks Marcus Take Podcasts in one place.
Overnight Friday – Apple delays launch of AI features in Europe, blames EU tech rules.
Wall Street ended mixed following the “triple witching”, a quarterly event that saw ~$5.5 trillion in derivative contracts expiring. Trading volumes exploded, with nearly 18bn shares changing hands on US exchanges, over 55% above the three-month average. The S&P 500 and NASDAQ fell 0.16% and 0.18%, weighed down by losses in Nvidia down 3.2% falling…
Alternative Stop Losses
Stop losses are a discipline that allows you to let your profits run and cut losses The various methods for setting them and the conclusion was that the most useful stop loss is a Rolling ATR based stop loss.