Marcus Take Podcast Thursday – Sell signals all around
There are short term sell siganals everywhere – we’re backing off some trades today.
Marcus Take
PORTFOLIO ACTION Selling MQG and FMG in the One Stock Portfolios on the open. The Tide has turned. FMG fell 3.6% yesterday. SUMMARY Winter is coming – Australian sell signals. RBA rate cuts pushed out to next year again. Market going Risk-off. Selling both One Stock Portfolio stocks – swimming against the tide. Eyes on…
Henry’s Take – Director Selling? A Sign?
Update on CZR
Is the US EV story really done? Not by a long shot!
Director selling – Should investors follow?
The Call at Noon.
Trading Section
SUMMARY NASDAQ powers higher once again thanks to Nvidia. LNAS set to benefit. Looking to add some new trades but holding off for now. Big tech the only strong performer currently. If we were to add some new trades WHC and STO have come up on the scans. ORI fades from a strong open. No…
End of Day Report – Inflation Hotter than Expected
ASX 200 fell another 101 points to 7666 (-1.3%) in lacklustre trade compounded by nasty CPI number that put rate rises back on the cards. Banks were smacked down, with ANZ down 2.5% and the Big Bank Basket down to $20587 (-1.9%). MQG smashed 1.3% and insurers off with IAG in a class action down…
Marcus Take
BREAKING NEWS—Inflation numbers were higher than expected, at 3.6% in April, up from 3.5%. The Consensus was 3.4%. The market dropped 20 points straight away. Bond yields are up, and the Aussie dollar is up. SUMMARY Perfect Day for the Strategy Portfolio – Big Tech up – Australia down. A lesson in Sentiment-driven stocks. NASDAQ…
Pre-market Report
Wall Street ended mixed overnight in an uneventful day of trading. The NASDAQ closed above 17,000 for the first time ever, up 0.59% supported by gains in Nvidia +7.0%, reaching a $2.8 trillion market cap boosting other chip stocks and the PHLX Semiconductor Sector index 1.86%. The Dow slipped 217 points (-0.55%), and the S&P…
Education Corner – The Beetle Syndrome
The practice of hitting someone on the arm and saying “Punch Buggy Red” every time you see a red Volkswagon Beetle came from a marketing campaign by Volkswagen started in 2009, the “Punch Dub” campaign. It was the very commercial usage of something I have always known as the “Beetle syndrome”.