Marcus Strategy Tuesday 5th May 2020

The market is behaving itself reversing a 76 point fall yesterday to close up 74 with another 80 points put on the ASX 200 first thing this morning. In the strategy piece today we talk about APT, the Technology sector and the need to take it seriously, the energy sector, airlines and Telstra all being somewhere near the bottom and the hope that we can avoid another down-leg from here. All looking a bit sideways on the charts at the moment, waiting for the next break, a break up hopefully, but as some States and countries come out of lockdowns the risk of relapse news is high. If we can avoid that the road back to a long bull market looks achievable on some timeframe. 

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