Marcus Take
Colour-coding Members and matching you to the right colour-coded stocks. Lithium going nowhere again overnight. S&P 500 under 200-day Moving Average. Cash still King.
Colour-coding Members and matching you to the right colour-coded stocks. Lithium going nowhere again overnight. S&P 500 under 200-day Moving Average. Cash still King.
TECHNICAL SUMMARY Another day of big oversold and 52-week low lists. Stocks aren't the only ones oversold, with an interesting variety of ETF's on the list. Lithium stocks joining the 52-week low list after a shocker yesterday. An income ETF at a three-year low. EMR standing out in the Gold Sector. OBSERVATIONS A variety of ETFs are…
ASX 200 edges higher, up 13 points to 6857 (+0.2%), breaking a three-day losing streak. Gains in Miners and Resources were offset by losses in the Healthcare and Staples sectors. Iron ore giants did most of the heavy lifting after big falls yesterday. BHP, RIO and FMG all gaining between 0.5%-2.6%, helped by firmer commodity prices. Energy stocks benefited from a rising…
SMALL CAP PORTFOLIO I am on a plane down to Melbourne this morning on a 6.40am flight. Not quite sure what possessed me to book that flight. Think it was cheap! It’s an early start from Sydney’s Northern Beaches. I will be at the Microcap Conference for the next few days and hope to have…
Wall Street ended mixed overnight, following a renewed bout of bond market volatility. The Dow Jones finished down 191 points (-0.58%). Up 108 at best. Down 235 at worst. The S&P 500 fell for a fifth consecutive session, down 0.17%, its longest slide this year and hovering just above the key 4,200 technical support level. The…
SMALL CAP PORTFOLIO Last update 10.30am SUMMARY Plenty of cash and no rush as 6900 gives way. Risk off with gold and oil still in focus. MGFO – Interesting times. LTR shorts continue. Now 15% of PLS shorted! US Check Ins Microcap Conference starts tomorrow. AM ANNOUNCEMENTS LRS – Firm committments for a $35m capital…
DIARY NEXT WEEK The main events coming up are Corporate, not economic. The AGM season in Australia continues along with a few earnings updates. The US Results season continues – Calendar HERE. Next week sees some of the behemoths report: Microsoft, Alphabet, General Electric, Boeing, Apple, Amazon and Meta. Our biggest release will be inflation data on Wednesday morning. Expected numbers are for a drop from 6%…
Away today – no podcast from me. Labor market tight. Bond yields tight. Fed up tight. Middle East tight. Oil price tight. Not a lot going right. Cash is King for another day.