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aussiebear

World Stock Markets Trading Discussion - Fashionably fallible

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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 went up and down like a yo-yo before closing -0.1%.  IT gained the most, +0.6% with Gold at the other end, -1.7%.

Over in Asia, China -0.5%, Hong Kong -0.4%, Japan -1%, India currently -0.7%.

UK/Europe bouncing about: FTSE flat, DAX -0.5% and CAC -0.3%.

 

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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So all the ducks are now in a row to close out the quarter at new all time monthly highs on the DOW and S&P.  MAGA

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It looks like everyone wants to load up their portfolios with AMZN for the end of quarter. I have this sense that AMZN's direction will now generally be the opposite of the broad indexes.

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Here we go again. Potentially bullish setup with the trendline from June holding.  Any pullback that holds at or above yesterday's low will be bought. But for now, 2920 area looks like resistance.

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Seems to me the only thing holding up this POS is that old raise target price on CRAPPLE routine.

 

Failure imminent

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OK, so the last half hour yesterday didn't happen. Here we are back to square one.

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Do the 4 of you realize that you have kept this discussion alive for 18 years? October is our birthday!  We are the few, the proud, the civil.  Thank you!  

Lee

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I just had this intuitive flash, probably wrong, that at the end of the day the Dow would be down 400.  

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Kind of like a wet dream.  

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1 hour ago, DrStool said:

Kind of like a wet dream.  

It's the wrong way of thinking but the plunge on 1/30, the day of the State of the Union address, came right out of the blue. In many ways, especially  looking back on how the drop has been erased, was a very singular market event. Wrecking in some way a Trump substantiation. Following the tax cut which to my mind was a sort of an Enabling Act, phase I.  Kavanaugh is phase II. I don't expect a wobble this time. 

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