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aussiebear

World Stock Markets Trading Discussion - Robust rattling

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WELL!  What can I say?  Mayhem across all markets today: Kiwis -2.8%, Aussies -2.1%, Japan -3.8%, Sth Korea -2.8%, China -3% and Hong Kong -3.3%.

Gold +2.2% is the only upwardly mobile sector.  At the other end: IT -4.4%, Energy -2.8% and Miners -2.3%.

 

All Ords

xao_1d.png

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

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All Ords 5-day chart

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

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

 

It certainly hit the fan today...  All Ords finished -2.8% but the index is now hovering in a support area so we could get a bounce in the the short term.  Sectors went from bad to worse: IT -5.2%, Energy -3.7%, Healthcare -3.5%, Telecomms -3.2% and so on.  Gold +1.9% was the only up sector.

The bottom dropped out in Asia: China -5.2%, Hong Kong -3.5%, Japan -3.9%, India currently -2.1%.

Sellers on board in UK/Europe: FTSE -1.8%, DAX -1.3%, CAC -1.5%.

 

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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Boom, up we go. Evidently inflation has been defeated and the Fed is going to cut interest rates now.

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That's a little extreme. The futures are up 3 after being down 95 yesterday.  

It's not even a dead cat bounce. Dead rat maybe.  

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1 hour ago, DrStool said:

That's a little extreme. The futures are up 3 after being down 95 yesterday.  

It's not even a dead cat bounce. Dead rat maybe.  

I show ES was 2747 at around 5AM.  A 30 point pop at this point.

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As some may know I'm in day biz as finadv/pm. I started in 1987.  The crash happened a week after I passed my 7 exam.

My son has joined my business.  He passed his 7 last week.

What did mark twain say?

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1 hour ago, Jorma said:

I show ES was 2747 at around 5AM.  A 30 point pop at this point.

Be that as it may...........

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5 day cycle projection 2770.  Support suggested 2750-60

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Ah... What happens in the after hours, stays in the after hours. 

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13 minutes ago, specie said:

As some may know I'm in day biz as finadv/pm. I started in 1987.  The crash happened a week after I passed my 7 exam.

My son has joined my business.  He passed his 7 last week.

What did mark twain say?

A fool and his money are soon parted? 

There's a sucker born every minute? 

😁😜

 

Just kidding. You should be very proud that your kid wanted to emulate you...

I think.  :unsure:  :unsure2:

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Thanks doc.  He's developed a knack for business in his career so far.  He'll be a lot better than me at this eventually.

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