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aussiebear

World Stock Markets Trading Discussion - Unwieldy upheavals

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A weak start for the early openers: Kiwis -0.4%, Aussies flat, Japan +0.2%, Sth Korea -0.1%.

The main movers in Aussie sectors are Utilities, Healthcare and Gold, all +1.2% with Telecomms at the other end, -0.9%.

 

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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big.chart?nosettings=1&symb=AU%3AXAO&uf=

http://bigcharts.mar...com/default.asp

 

 

Another tedious day of flatness: All Ords closed no change and sectors ranged from Healthcare +1.4% down to Telecomms -1.4%.

Over in Asia, China and Hong Kong +0.6%, Japan +0.3%, India currently -0.7%.

 

 

In UK/Europe, FTSE +0.8%, Germany closed, CAC +0.6%.

 

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

 

 

 

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

 

http://bigcharts.mar...com/default.asp

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I got stopped out of my ES short position at 2732.75 for - 14.

Russell new all time high last week and confirming higher highs today.

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bottom line is liquidity is bullish

futures exchanges set the tone

when they lowered margins, they are telling you the direction is up and it's not just a couple of days

ath's coming in june

 

russell already there, rest to follow

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3 day cycle projection 2736 done in the early going. 

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Going to be a low volume week

and low volume means

up, up and away

 

Alright Paul. We get it. Lowering margins is bullish. Yep. For one day.  

 

Range racing is meaningless. Liquidity is drying up. Can't support a breakout.  

 

https://suremoneyinvestor.com/2018/05/heres-who-isnt-buying-t-bills-and-why-that-should-scare-you/

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Alright Paul. We get it. Lowering margins is bullish. Yep. For one day.  

 

Range racing is meaningless. Liquidity is drying up. Can't support a breakout.  

 

https://suremoneyinvestor.com/2018/05/heres-who-isnt-buying-t-bills-and-why-that-should-scare-you/

great article. If we did hit new highs, the only way may be from a massive short squeeze. That would be the biggest bull trap of all time....

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If all they got was the SOW up 1.2% with the other indexes lagging badly on the 'end' of the trade war with China it's hard to see how they are going to get to 2800 on the S&P.  My eyes, not necessarily the numbers, tell me there is some fuel to be had in the inverse ETF's so who knows. 

 

The giant maw of the Treasury reopens for $64bn by the end of the month.

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