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World Stock Markets Trading Discussion - Toxic tsunami


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Well, the overnight action certainly set the cat among the pigeons: Kiwis -1.5%, Aussies -2%, Japan -2.2%, Sth Korea closed.

Heavy losses for Aussie sectors: Energy -4.1%, IT -3.7%, Consumer Discretionary -2.4% and Financials -2.1%.  Gold is the only gainer, +1.8%.

 

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 dropped like a stone initially and didn't recover ..  The index finished -2.8% and in the sectors, Energy -5.3%, IT -4.9% and Financials -3% were the worst off.  Gold was the only up sector, +0.7%.

Asia weathered the storm admirably: China +0.3%, Hong Kong +0.8%, Japan -1.2%, India closed.

Green for starters in UK/Europe but looking rocky now: FTSE -0.9%, DAX -0.7%, CAC -0.5%.

 

big.chart?nosettings=1&symb=UK:UKX&uf=0&

big.chart?nosettings=1&symb=DX:DAX&uf=0&

big.chart?nosettings=1&symb=FR:PX1&uf=0&

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

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5 day cycle projection 2800

Long Term Stock Market Chart Perspective

by Lee Adler •  • 0 Comments

After a big day like yesterday, I like to get a little long term stock market chart perspective.

 

Try Lee Adler’s Technical Trader risk free for 90 days! Order before 8:00 PM Eastern time on Thursday, August 15 and get the first month free! If you cancel within 30 days, you will not be charged. 90 day money back guarantee period also applies from the intial signup date. This offer applies to first time subscribers only.

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The US has economic sanctions on I don't know how many countries.  Iran and Russia of course.  Economic sanctions are an act of war by the way.  Directly aimed at punishing the citizens of the countries we don't like.  

Now Trump just linked Hong Kong to tariffs.  This is very bad.  

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