Marcus Take Podcast – Wednesday
A busy night in the US – not quite a “Big Bad Day” – all eyes on the Fed tonight and the Apple resutls on Friday. NAB interims tomorrow. Macquarie on Friday.
Marcus Take Wednesday – Not quite a big bad day
Elliott Waving at us again – Was that “B”? Waiting for the Fed and Apple before selling. Looks like the top is in. But waiting for Friday. WOW sells $500m of EDV and offers capital return – desperate to impress. Sell in May and go Away – Fact or Fiction (Fact today). Subtle changes to our sections today.
Trading Section
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
Pre-Market Report
US equities ended higher overnight, building on last week's gains, in a mostly uneventful day of trading as the market prepares for another big week of earnings reports and the Fed’s rate decision (Hold expected). The Dow ended near best levels, up 146 points (+0.38%). Up 167 points at best and down 24 points at…
End of Day Report
The ASX 200 has closed up 27 points to 7932. Weak Retail Sales numbers (down 0.2% in April v consensus +0.4%) too the pressure off the RBA next week. Good Chinese PMI numbers helped resources ahead of the Chinese three day holiday from May 1-3 (rest of the week). ASX 200 closed near the high…
Members Podcast Tuesday – The lull before the storm
A host of quarterly production numbers. Good Chinese PMI numbers help resources. Retail sales numbers take the pressure off the RBA.
Marcus Take Tuesday – The Lull before the Storm – a busy week ahead
A Few Changes in this section. US Market Holds up. The lull before the storm this week. Busy week – Fed Meeting. Jobs numbers. Banks results. Big Tech results. EU CPI. Need a catalyst for the NASDAQ to keep going post Big Tech results. Eliott Wave anyone? Hope not. Banks and Macquarie – Results coming. Not buying yet.
One Stock Portfoliios – Still in cash.
Trading Section
SUMMARY SFR finally kicks into life. Raising stop loss again. BPT has a good day while WDS, STO and KAR all fall. Brokers hold target prices. Moving the One Stock Portfolios to Marcus Take to better reflect the longer-term trading we are targeting. Not to say we aren’t prepared to hold stocks in this section for longer…