Henry’s Take – Are You Doing Better than the Market?
DRO gets greedy? Where are we now? Is this an Ali fight? Is Elon taking the proverbial? Roadster anyone? Are you beating the market?
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Marcus Take Friday – Some big signposts coming next week. Education Corner – Renko charts.
Forget no rate cuts. There is talk of rate rises. Some big signposts next week. US Big Tech Results season starts with a 4.8% fall in Netflix. Clear short term sell signals in US market. Selling KAR in the Trading Section. SNAS trade going nicely. May have nailed it. Education Corner – Renko Charts – simpler, clearer.
Trading Section
SUMMARY Sold KAR @ 215c. No change to BPT. NASDAQ down 0.5%. SNAS timing is looking good. MQG prints a buy signal after one good day. Nothing substantial to the bounce yet. Staying in cash in the OSP. Recent iron ore gains not having a great impact on FMG. Staying in cash in the FMG…
End of Day Report
ASX 200 drops 75 points to 7568 (-1.0%). Anyone would think there was a war on. Down 2.8% for the week, News filtered through during the morning of an Israeli strike in Iran, US futures plummeted, gold shot higher to $2415 at one stage and oil was catapulted above $90 again. Down around 150pts at…
Pre-Market Report – Markets Demand Clarity for Tesla’s Affordable Car
Wall Street closed lower overnight in a choppy trading session, cementing its longest losing streak since January as big tech was sold off (ASML results not helping) despite bond yields easing. The Dow lost 46 points (-0.12%). Up 238 points at best and down 187 points at worst. The S&P 500, NASDAQ, and Russell 2000…
Trading Section
SUMMARY KAR closes just above its stop loss again. Oil down 3% overnight. No change yet to it or BPT. Tech and bitcoin continue to fold. SNAS the beneficiary. SFR has an underwhelming day. Likely to resume its upward trend after copper rises overnight. Bond yields take a breather from their relentless march higher. No…
Henry’s Take – Resources Finding Friends
Sold half of the DRO at 105c The Call yesterday with The Whisperer. Albo putting our money where his mouth is. Resource Investing.
Marcus Take Thursday – Tech down, Resources up. Jobs data today.
Resources to hold our market up today. Bond yields relax a bit. Banks coming off the top now. Looking at the research on RIO and BOQ. Next RBA move depends on Jobs data today. Education Corner – Some More Stock Market Truths
Light & Wonder Stock Take – A Gambling Sell
LIGHT & WONDER (LNW) – At a member request we are looking into Light & Wonder (LNW), an American company based in Las Vegas. LNW is dual listed on the NASDAQ and as of May last year, on the ASX. The company listed here to provide access to long-term Australian institutional investors in what it…