Marcus Take Wednesday – Betting on Big Tech

Netflix up 8% after hours on results. Everyone wants to believe in Big Tech. Why argue? Adding FANG in the Trading Portfolio. It’s a gamble. Not for everyone. Record highs in the US again. Big Tech carrying the rest. New Hampshire primary is likely to see Trump emerge as the presumptive Republican candidate. Lithium Guesswork – and the best guess is “more pain”. Nickel the example. Banks boosting our portfolios. A look at the numbers. Uranium – one broker says it’s going up and up.

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End of Day Report – ASX Flat

The ASX 200 has finished near flat, remaining close to unchanged since midday. Individual stocks had a different story with plenty of volatility around during confessions and results season. NAN was the worst performer in the All Ords, falling 33.4% as revenue dropped and costs rose. KGN was one of the standout performers, rising 14.9%…

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Trading Section

SUMMARY Adding FANG to the Trading Portfolio. Iron ore up on renewed Chinese stimulus. Will BHP start a new uptrend? China ETFs print daily buy signals. MQG breaks resistance. Time to get back in. WES prints a daily sell signal. COH hits a 52-week high. Adding FANG to the Trading Portfolio to get some big…

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Pre-Market Report

Wall Street closed mostly higher overnight on continued tech enthusiasm and the upcoming “magnificent seven” mega-cap results. S&P 500 up 0.29%, NASDAQ up 0.43%. The Dow Jones fell 96 points (0.25%) after 3M dropped 11% on results (the Dow Jones only has 30 stocks in the index and 3M happens to be one). The biggest…

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Pre-Market Report

The S&P 500 marked a record-high close for the second consecutive session overnight, driven by tech stock gains. The index rose 0.22% to 4,850.54 points, while the NASDAQ rose 0.32%, and the Dow gained 138 points (0.36%) closing above 38,000 for the first time ever. Small-cap stocks rebounded, with the Russell 2000 up 2.01%. Treasury…

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Trading Section

SUMMARY MQG underperformed the market yesterday, hitting support before settling lower. BHP prints a buy signal as expected, also underperformed the market yesterday. Not getting back in yet. NASDAQ hits a 52-week high, overbought on both a daily and weekly basis. Uranium loses momentum. Financial sector hits a 52-week high along with the CBA and…

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