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aussiebear

World Stock Markets Trading Discussion - Murky maelstrom

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Early openers mixed: Kiwis -0.3%, Aussies +0.4%, Japan +0.9%, Sth Korea -0.1%.

Miners +1.4% is leading the way in Aussie sectors followed by Materials +1.2%.  Energy and Telecomms, both -0.3% are down the most.

 

 

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

 

 

A modest gain of +0.2% for All Ords with sectors ranging from Miners +1.3% down to Utilities -0.5%.

A very green day in Asia: China +2.5%, Hong Kong +1.3%, Japan +1.2%, India currently +0.9%.


UK/Europe having a mood swing : FTSE +0.3%, DAX +0.1%, CAC +0.5%.

 

 

 

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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Intraday cycles concurrent top due now to noon. Then down all day. 

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5 day cycle projection 2766, and there's significant trend resistance indicated here. But the 3 day cycle projection is so scary on the upside, I'm not even going to post it. First, let's see how far this pullback progresses.  

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Thanks for the warning Doc! I've got a few longs I'm waiting to take profits on. I'm thinking mid-week may be a good time.

 

I'm watching transports to see if they confirm an upside move. They are finally starting to catch up with a lag but the MACD hasn't crossed over yet and they have some resistance overhead.

 

 

post-3643-0-07286300-1531146320_thumb.png

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Consumer cyclicals/ Consumer staples ratio made a nice base and then confirmed the last major move up. This time it has yet to confirm this move.

post-3643-0-12347800-1531146603_thumb.png

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2 day cycle projection 2785

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3 day cycle projection 2790-95.  Ouch

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There's no resistance until about 2790-95 either. If the market doesn't start to roll over by 1 PM, there's another cycle that suggests a rocket ride right into the close. 

 

I think I'll go crawl back under my rock and assume the fetal position. 

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I gotta be in NYC early in the AM tomorrow. Means I gotta get up before dawn in Philly. Ugh. 

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