aussiebear Posted September 7, 2018 Report Share Posted September 7, 2018 Thought there might be a bounce today but early openers are once again mired in red: Kiwis -0.3%, Aussies -0.8%, Japan -1.1% and Sth Korea -0.5%. In Aussie sectors, Gold +1.4% is the only sector with a gain. Healthcare -2% is down the most followed by Energy -1.9%, Consumer Discretionary -1.6% and IT -1.5%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2018 Author Report Share Posted September 7, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2018 Author Report Share Posted September 7, 2018 http://money.cnn.com...s/morning_call/ 24 hr Gold http://www.kitco.com http://www.kitconet....ase_metals.html http://www.kitconet.com/indexes.html Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2018 Author Report Share Posted September 7, 2018 http://www.engrish.com/2017/06/grandma-its-a-cafe/ Found in Seoul, Korea. Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2018 Author Report Share Posted September 7, 2018 All Ords 5-day chart http://bigcharts.mar...com/default.asp All Ords came off the lows to finish -0.2% for the day. Gold +1.6% was the main mover on the upside with Healthcare at the other end, -1.7%. Over in Asia, China +0.4%, Hong Kong flat, Japan -0.8%, India currently +0.4%. UK/Europe not convinced: FTSE -0.4%, DAX -0.1% and CAC +0.1%. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2018 Author Report Share Posted September 7, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
DrStool Posted September 7, 2018 Report Share Posted September 7, 2018 Converging trendlines at 2881-82 represent potential resistance. If they clear that, next target would be 2886-87. If they roll over, downside would initially be 2864 or 2861, Link to comment Share on other sites More sharing options...
Jorma Posted September 7, 2018 Report Share Posted September 7, 2018 Oh cripes, not the old tariffs thing again. This threatened new round was on the wires yesterday. It isn't even news. Link to comment Share on other sites More sharing options...
DrStool Posted September 7, 2018 Report Share Posted September 7, 2018 Relentless lack of buying since August 29. Exhaustion? Huge trendline at 2860. Link to comment Share on other sites More sharing options...
DrStool Posted September 7, 2018 Report Share Posted September 7, 2018 Inflection point right here. Rally if it clears 2384. Selloff if it doesn't. Link to comment Share on other sites More sharing options...
DrStool Posted September 7, 2018 Report Share Posted September 7, 2018 3 day cycle projection 2879 FWIW Link to comment Share on other sites More sharing options...
Jorma Posted September 7, 2018 Report Share Posted September 7, 2018 3 hours ago, DrStool said: Relentless lack of buying since August 29. Exhaustion? Huge trendline at 2860. One thing for sure, it's seasonal. Well it has to start somewhere. Link to comment Share on other sites More sharing options...
Jimbo Posted September 8, 2018 Report Share Posted September 8, 2018 QUANTITATIVE TIGHTENING AND TRADE DEFICITS So China's trade surplus with the USA hits a new all time high Why????? Well you can thank the FED for that. Quantitative tightening means capital flows back to the USA from the periphery Creating all the currency and credit collapses we have seen - Turkey, Argentina, Iran et al And also the depreciation of the Yuan against the Dollar. But its secondary effect is to increase American's purchasing power And where does this purchasing power flow to???? To the import of more foreign goods to satisfy the consumptionist monster which lies at the heart of the American economy. Right back to China and increases the trade deficit with China!!!!! The Tarrifs are really a consumption tax on the American consumer. So in a way they contribute to the "great rebalancing" between consumption and production that the American economy so badly needs. But of course this is currently being cancelled out by QT!!!!!!!!!!!!!!!!! The effects of the Presidents tarriff war against china are being cancelled out by the QT actions of the FED. Oh the complete and total irony!!!!!!!!!!!!!!!!!!!! Where is the Quantitative Tightening ETF when you need it?????????? Link to comment Share on other sites More sharing options...
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