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aussiebear

World Stock Markets Trading Discussion - Crystallized confusion

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Early openers are going every which way: Kiwis +0.2%, Aussies -0.4%, Japan -0.3%, Sth Korea flat.

A wash of red throughout Aussie sectors: Consumer Staples -1.3%, Consumer Discretionary -0.6% with Telecomms +0.2% the only sector to gain.

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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All Ords 5-day chart

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

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

 

All Ords came off the lows to finish +0.2%.  REITS +1.4% led the way and Consumer Staples was down the most, -0.6%.

Over in Asia, China +0.2%, Hong Kong +0.1%, Japan +0.1%, India currently -0.2%.

UK/Europe sinking into the mire: FTSE flat, DAX -0.4%, CAC -0.1%.

 

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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Now have a downtrend channel since Friday AM. Top line now at 2956 dropping about 1 point per hour. Look out above if they clear that. 

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2944 is the support level to watch. If it holds, this could still be a launchpad. If it breaks, there's a little air down to around 2930. 

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clearing 2955 would  break the 1 day downtrend. 

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16 minutes ago, DrStool said:

2 day cycle buy signal. 

Dropping below 2950 would be a big FAIL. 

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5 day cycle remains in a down phase. So far it's sideways. Failsafe level for that is 2944. 

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