Marcus Today Strategy Thursday 23rd April 2020
The volatility is still with us - Wall St down 632 one day, up 457 the next. We talk about one day reversals - we saw one yesterday - down 121 at one point but we closed unchanged. Lets see if we hold on to this mornings gains this afternoon. We also talk about your mindset and the need for investors to get ahead of the headlines rather than react to them. The money is in guessing where the herd is going to next, not join in on the predictable low-brow reactions to events now in the past. We look at the ASX 200 chart and note the recent strong sell signal and we'll go with that for now.
