Jump to content
Sign in to follow this  
aussiebear

World Stock Markets Trading Discussion - Hooded hiss

Rate this topic

Recommended Posts

All Ords 5-day chart

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

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

 

All Ords closed +0.2% with sectors evenly divided: Miners +2.7%, Gold +2.2% down to IT -1.2%.

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

UK/Europe mixed on open: FTSE +0.8%, DAX -0.3% and 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

Share this post


Link to post
Share on other sites

To this inexpert eye it doesn't look like the Treasury is going all in on refunding their checking account. They may regret this as currently there is no debt limit so they can borrow as much as they want. In March that ends. If ever there was a time to have TBAC's $500bn rainy day fund in place this spring might be it. Or maybe they will crush it at the end of Feb.

https://www.treasurydirect.gov/instit/annceresult/press/press_cashpydwn.htm

Share this post


Link to post
Share on other sites

The prevalence of nipple bottoms around the changing of the hour is getting ridiculous. Watch a 1 minute chart of MACD with signal lines. If it starts to cross over to the upside from negative, around the hour, buy. 

Share this post


Link to post
Share on other sites

Another beautiful day out and about in Nice. Now, back to work. 

Share this post


Link to post
Share on other sites

In reality, the Dow did not break out. The 3 peaks are on slightly rising channel line. In technical analysis we call these peaks on a rising trendline: tenors. In this case we have the Three Tenors. The fat lady already sang. 

`

Share this post


Link to post
Share on other sites

Cripes, I forgot, Fed words. 

“The Committee continues to view changes in the target range for the federal funds rate as its primary means of adjusting the stance of monetary policy,” the statement said. Though the Fed added that it “is prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial conditions.”

Is he kidding himself, or just us. It's so perfect. Words are how policy is adjusted. The balance sheet?  Oh never mind that.

Share this post


Link to post
Share on other sites

The Dow and SPX chart patterns have now unmistakably broken out. The market is reading the Fed as having capitulated to a 20% decline in stock prices. 

I'm not sure that this judgment matters. It matters today. But it won't matter in the long run unless the Fed actually does print. 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

    Support your local Stool Board.

×
×
  • Create New...