Technical Scans – Major Indices Overbought
Euro Stoxx50 and other major indices overbought on a daily basis.
MQG falls back into down-trend.
AGL oversold on a daily basis as utilities drift lower.
Marcus Strategy
All gone quiet – came very close to selling some of the US trades.
Members Podcast
Market up 24 as we wait for inflation numbers this week.
End of Day Podcast Tuesday
ASX 200 clawed back some losses closing up 28 points to 7015 (0.4%). Early euphoria gave way to apathy again. Banks were a strong sector with the Big Bank Basket up to $177.31 (0.8%). NAB leading the charge up 1.2% and MQG managing to eke out a 0.1% rise.
Pre-market Report
The Dow Jones rose 117 points (0.33%) on Friday night to finish the week up 1.3%. Volumes and conviction were low as markets were closed Thursday for Thanksgiving and shortened trade on Friday. The S&P 500 finish
Pre-market Podcast
The Dow finished up 117 points (+0.33%). Up 126 points at best. The S&P 500 finished flat, and the NASDAQ fell 0.11%
Henry’s Take
ORG in focus.
PLS with a huge 18.5% short position.
US Check-Ins.
End of Day Report – Market Drops in Afternoon
ASX 200 frittered away early gains to close down 53 points at 6988 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround as China authorities move to more supervision on pricing. BHP, RIO and FMG all took on water down around 1.5%. Lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off