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aussiebear

World Stock Markets Trading Discussion - Creeping cringe

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

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

 

All Ords straggled along sideways, finishing -0.1%.  Sectors ranged from Energy +0.7% down to Gold -3.3%.

Over in Asia, China closed for a holiday, Hong Kong -1.6%, India currently -1.1%.

UK/Europe dipping into the red: FTSE -0.2%, DAX -0.4%, CAC -0.4%.

 

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'll begin to think that maybe the mania has run its course if they can break down 2912 with authoritah. 

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1 hour ago, DrStool said:

New uptrend channel support 2912. 

Right at that gap I see on the daily chart. 

Negative memes are starting to take hold. The housing market hit a brick wall and the idea we are   going to lose the trade war with China has legs.   I know, news is neither here nor there. 

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I'm guessing they are starting to draw down that Treasury account surplus.  To my inexpert eye it looks like they are starving the bill supply

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2 hours ago, Jorma said:

I'm guessing they are starting to draw down that Treasury account surplus.  To my inexpert eye it looks like they are starving the bill supply

Bill paydowns this week are financing the coupon issuance. It's a wash. Normally happens at the end of September from quarterly estimated tax collections. 

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