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World Stock Markets Trading Discussion - Vicarious veto


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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 failed to gain traction closing -0.1% with sectors mostly down led by Gold -0.9%, REITS -0.6% and Energy -0.5%.  Consumer Staples gained the most, +0.5%.

Over in Asia, China +0.8%, Hong Kong +0.1%, Japan +0.5%, India currently -0.9%.

Back and forth in UK/Europe: FTSE +0.1%, DAX +0.2%, CAC +0.4%.

 

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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WIldly bullish pattern on the 10 year yield. By that I mean bullish on yield, bearish on price. 

Bonds lead. Stock market is on borrowed time. But it could be months. We just have to follow the TA. 

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Needless to say, the  SPX chart is  also damned bullish. 

The Fed will need to do massive POMO to keep short and long rates in check. The cash will flow to stocks. This thing is gonna spiral out of control. 

  

Annotation 2019-10-10 111413.png

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1 hour ago, Jimbo said:

ORGANIC QUANTITATIVE EASING

So the Fed Chair says the balance sheet growth will be "organic"

And we cant call it QE4

How about we call it:

"Free range organic quantative easing"

Powell dumping 'adequate reserves' into mix is pure poop but nobody can deny that poop is organic.

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