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World Stock Markets Trading Discussion - Obfuscated objectives

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All Ords 5-day chart




All Ords swung back and forth but finished the day +0.4%.  Sectors ranged from IT +1.3% down to Utilities -0.2%.

Over in Asia, China -0.7%, Hong Kong +0.1%, Japan -0.3%, India closed.

A big start in UK/Europe: FTSE +1.2%, DAX +1%, CAC +1.4%.










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Zillow Group ZG decides they are going all in on flipping houses themselves (you can't make this sh3t up) and the stock does a nose dive. What perfect timing! Just as the market is having a period of "inverse heating." But no worries RedFin has the same business-plan now and I'm sure they'll make a ton-o-money flipping shacks in AZ.


“GeekWire chronicled the first house Zillow ever purchased directly over the summer, a 15-year-old, four-bedroom, two-bath ranch-style home in the Phoenix suburb of Chandler, Ariz. Zillow purchased the house in May for $410,000 and put it on the market a few weeks later for $425,000.”

“Zillow aims to turn around and sell the houses it buys in roughly 90 days. The Chandler home sat on the market a little longer — about 4 months. Zillow reduced the price and it eventually sold in late September for $403,000.”


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1 minute ago, DrStool said:

5 day cycle projection 2800.  Ouch. 

I can hardly wait for the 13 week and 6 month projections.

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