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All Ords 5-day chart

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

 

Basically an up day for All Ords which closed +0.3%.  Energy +1.2% was in the lead followed by Utilities/Healthcare/Gold all +0.9%.

Over in Asia, China +0.7%, Hong Kong +0.1%, Japan +2.6%, India currently -0.3%.

UK/Europe up and away: FTSE +0.3%, DAX +1.2%, CAC +0.7%.

 

 

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

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31 minutes ago, DrStool said:

Permit me to amend the 5 day cycle projection to 2740-42. 

Just announced $85bn  4 week bills Thursday auction. 15 new.  Pretty hard to believe they can keep this up with this onslaught. Pretty surprising they went ahead before the next funding deal is done and signed.

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Second retest of the 50-day moving average on the S&P500 right here.  RSI approaching 70 soon and MACD looking like it is about to cross-over. This at the exact same time as we get a budget agreement, a no Russian collusion announcement from the senate investigation and I'll bet soon an announcement that we have sufficient progress on trade with China to extend the deadline. Amazing timing. What else could the market as for at this technical juncture? Perhaps a joint announcement by Maduro, Jung-Un and the Iran Mullahs that they are all going to step down and hand over power to moderate reformers...

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24 minutes ago, Jorma said:

Court transcript: Trump's campaign manager handed campaign polling data to a GRU asset at a meeting where they discussed sanctions relief. SSCI: No collusion there!

https://twitter.com/emptywheel/status/1095354070414573573

In my humble opinion putting all these meaningless sanctions on Russia is only helping Putin consolidate power in Russia. It gives him a means to rally his population against the West and move the country away from the modernizing/liberal influences that used to penetrate into Russian society by trade and shared research. It completely backfires. And it also forces Iran and China to team up with Russia in the U.N. which is exactly what Putin wants. We had one chance to turn the tide in the Ukraine and that was during the invasion and referendum on the status of Crimea in 2014 but Obama was spineless and indecisive. He should have immediately closed the Bosphorus Strait thus rendering their warm port Navy impotent until they agreed to sit down with the Ukraine in UN sponsored talks. But we didn't do it and that's on us. We will never get Russian out of the Crimea now and we need to face that and move on. Only liberalizing commerce with Russia will eventually get the to move away from their totalitarian tendencies. In my opinion the Ukraine should have eventually devolved into at least two countries - one win the EU and one with Russia. The two sides of the country have nothing in common. They would have been better off if they could have negotiated a split and ended up like the old Yugoslavia or Czechoslovakia - better in bits than as a whole. But the US insists that borders should never change even if they don't in any way reflect the political preferences of the people that inhabit these borders.

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