aussiebear Posted January 23, 2019 Report Share Posted January 23, 2019 Early openers drooping noticeably: Kiwis -0.2%, Aussies -0.3%, Japan -0.4%, Sth Korea -0.1%. Nothing too riveting happening in Aussie sectors: Healthcare -0.7% down to Energy -1.7%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted January 23, 2019 Author Report Share Posted January 23, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted January 23, 2019 Author Report Share Posted January 23, 2019 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 January 23, 2019 Author Report Share Posted January 23, 2019 http://www.engrish.com/2017/01/man-eating-crab/ Chinese buffet restaurant flyer from PA, USA. Link to comment Share on other sites More sharing options...
aussiebear Posted January 23, 2019 Author Report Share Posted January 23, 2019 All Ords 5-day chart http://bigcharts.mar...com/default.asp Looks like All Ords may have found some support in the short term. The index finished -0.3% with sectors ranging from Healthcare +0.9% down to Energy -1.5%. Over in Asia, China +0.1%, Hong Kong flat, Japan -0.1%, India currently flat. A negative start for UK/Europe: FTSE and DAX -0.5% and CAC -0.4%. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted January 23, 2019 Author Report Share Posted January 23, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2019 Report Share Posted January 23, 2019 As feared yesterday: Looks like it was only a sucessfull test of the hourly EMA200 from above (DAX, Dow, S&P). Up we go again. Link to comment Share on other sites More sharing options...
Jimbo Posted January 23, 2019 Report Share Posted January 23, 2019 THOUGHTS ON 2019 1/ Still lots of stocks that need to bleed out their Ponzi values. (the difference between the actual reality price and the market reality price) For instance Coca Cola needs to halve in value. Mondelez needs to halve in value. 2/ Bonds still bad value. Link to comment Share on other sites More sharing options...
Jorma Posted January 23, 2019 Report Share Posted January 23, 2019 Lee do we know when the Treasury sends the monthly $50bn to the Fed to be burned. Probably at the end of the month with all the fundings? Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2019 Report Share Posted January 23, 2019 I had a pretty good idea that the selloff wouldn't stick. The TA was too strong and I have confidence in that. My report WSE posted Sunday looked bad yesterday, but I think it is still on point. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2019 Report Share Posted January 23, 2019 26 minutes ago, Jorma said: Lee do we know when the Treasury sends the monthly $50bn to the Fed to be burned. Probably at the end of the month with all the fundings? It's based on the maturity schedule, which is posted in the H41. So when a bond matures, and the Fed doesn't roll it, it tells the Treasury, "Give me back my fucking money or I'll break your fucking legs." OK, not actually. Fed just debits the Treasury checking account at the Bank of the Fed as the bonds mature. The bond or note disappears from the asset side of the Fed's ledger, and from the Treasury deposit liability. The Treasury deposit increases the next week when investors and dealers buy the next issuance. That gets withdrawn from bank accounts which simultaneously reduces the reserve deposit at the Fed. So the money goes from investor and dealer deposits into the Treasury, and from there to pay off the loan from the Fed. Poof! Link to comment Share on other sites More sharing options...
Jorma Posted January 23, 2019 Report Share Posted January 23, 2019 29 minutes ago, DrStool said: It's based on the maturity schedule, which is posted in the H41. So when a bond matures, and the Fed doesn't roll it, it tells the Treasury, "Give me back my fucking money or I'll break your fucking legs." I'd like to see that. Powell is pretty old but Mnuchin seems like he's a real wimp. Link to comment Share on other sites More sharing options...
Jorma Posted January 23, 2019 Report Share Posted January 23, 2019 46 minutes ago, DrStool said: I had a pretty good idea that the selloff wouldn't stick. The TA was too strong and I have confidence in that. My report WSE posted Sunday looked bad yesterday, but I think it is still on point. Your probably right but it's all so extraordinary. If cycles reflect mood at some point the ugly mood now should translate into bad things for stocks. Maybe Davos man will say enough of this sillyness. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2019 Report Share Posted January 23, 2019 Hmmmm.... Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2019 Report Share Posted January 23, 2019 That's my comment. Hmmmmm... Link to comment Share on other sites More sharing options...
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