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aussiebear

World Stock Markets Trading Discussion - Gravelly grind

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All Ords 5-day chart

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

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

 

Looks like All Ords scrabbling for a foothold.  The index finished flat with sectors ranging from Gold +2.6% down to IT -3.3%.

Over in Asia, China -0.2%, Hong Kong -0.8%, Japan -1.6%, India currently -0.4%.

Deep red in UK/Europe: FTSE -1%, DAX -1.7%, CAC -1.4%.

 

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

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So I was thinking yesterday there is no possible good new at this time to jawbone the market up. I hadn't considered that Trump would pile on bad news. At least with this Mexico thing it can be called off which will then be good news.

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Just finished recording a podcast with Lindsay Williams. To be posted shortly.  

I think that this could be the big one. 

My first put recommendation since last December, that we put on on Monday is up 80%. I'm looking for a triple.  

http://liquiditytrader.com/index.php/2019/05/27/finally-a-bearish-trade-on-the-stock-market-spy/

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2 day cycle up phase projection 2771

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Luckily for the Fed there is no longer a shortage of their favored Treasury coupon issues. I forget the final total but at the peak they held such a large percentage of them that it was just looking bad and really the market wanted them.  No more. They will welcome the help now. 

Also, those dealer long Treasury positions aren't looking so bad now.  I know, later maybe not so much.

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2 hours ago, DrStool said:

 

I think that this could be the big one. 

 

I won't ask you to define big one. For me big one is a liquidity crisis  and freeze up of bids across many sectors. Down under 2100. 

It's hard not to look at late summer early fall when the Treasury steps back  in as to the timing. Still for two weeks I've had this nagging idea that nobody expects the worst in the summer. Then again we have never had a fruitcake running the show.

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Gold tacked on 30 bucks on Thursday and Friday. 

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