SUMMARY Overbought – A lot of Tech ETFS plus the NASDAQ and NASDAQ ETFs – Big Tech holds up. Overbought Tech ETFs – DRIV, RBTZ, HNDQ, NDQ, FANG, ROBO, SEMI plus IVV and SPY. Daily sell signals (bit fickle) on S&P 500, S&P 100 ETFs – IOO, SPY, IVV. A bit fickle again and not…
SUMMARY With Wall Street closed many of the signals are unchanged. NASDAQ and S&P 500 at 52 week highs and both overbought and well as their ETFs – NDQ, HNDQ, IVV, IOO, SPY. Technology ETFs overbought – ROBO, RBTX, FANG, SEMI. FANG at a 52 week high. Bear market ETFs oversold – BBUS, SNAS. Oversold…
The lower-than-expected CPI number last week suggests a good chance that the RBA will pause rates, but almost all the strategists are saying the same thing, inflation is too high, and even if they do pause now, they will have to raise rates twice if not three times more. If they do pause, I think it’ll be good for the market, whatever the strategists are saying. And hopefully, it will extend this consumer discretionary rally for us. We have three retailers in our IDEAS PORTFOLIO.
Dow Jones up 285 points (+0.84%). Up 345 at best. Up 148 at worst. NASDAQ +1.45%. S&P 500 +1.24%. One newswire describes the last day of the half-year as the “Cherry on Top”. SPI Futures are up 29. The ASX 200 was up 104 points or 1.47% last week. The Tech sector led the ASX…
MARCUS TAKE Financials kick in the US – good for the MQG PORTFOLIO. Long weekend coming up in the US. US inflation number tonight. RBA hopes helping our retail recovery. A STOCK TAKE on NIB Holdings (NHF) – Solid not Sexy. RETIREMENT TODAY – The Eden Project. The Best Charting Software – an article in…
SUMMARY Good day yesterday, no follow-through overnight. Retailers bottoming as rate rise fear dissipates. US sees low volumes as long weekend approaches – Holiday Season in the US. I have started breaking out Weekly (for Investors) from Daily signals (for Traders) in the Technical Scans. By popular demand – a spreadsheet with expected dividend dates…
SUMMARY Only one 52 week high and we hold it in the MT INCOME portfolio – MMS Those sell signals on the NASDAQ, S&P 500 and the Dow Jones yesterday are looking a bit premature this morning. Overbought sector – Consumer Staples with WOW and COL are overbought. Oversold sector – Healthcare thanks to a…
SUMMARY Finally the US markets run out of steam. The Bears are betting on a drop. What to do with FMG and BHP? Focus on CPI and RBA. New Home Page up and running. NEW HOMEPAGE A busy few days at Marcus Today putting the new homepage together. A lot of work has gone into…
Marcus’ Weekend Email is one of the most read sections of the newsletter summarising the week
