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World Stock Markets Trading Discussion - Lacerated levity


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big.chart?nosettings=1&symb=AU%3AXAO&uf=

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

 

 

All Ords attempted to rise end of day but overall all it wasn't a good look ... The index finished -0.8% with Gold the only up sector, +1.1%.  The biggest losers were IT/Telecomms -1.6% and Consumer Discretionary/Healthcare/Miners, all -1%.

Over in Asia, China -0.6%, Hong Kong -1.5%, Japan -2.5%, India closed.

 

 

On to UK/Europe:

 

 

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 the story is we had the Tariff Tantrum. It's a great story because everyone knows, because they have been told for several generations, that rising tariffs were a main cause of the Great Depression.  So the tariff thing has deep resonance and will be a ready made excuse for any bad thing that happens in the markets or the economy.  It certainly won't have anything to do with unsound credit or money. Our friends on Wall Street begged not to raise tariffs. What a bunch of great people. 

 

I'm perfectly agnostic on tariffs, in general. 

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and there is that +10 buy button x 2

 

double hit Friday, Flo-Bot style

 

>:  and SPU green, to go with the vertical NDX

 

back to "normal" buy it higher minute after minute

 

>:: so a little selling, but lo and behold at    2, 666    someone hit the +10 buy button

 

>::: 30 minutes left in the week, Hit The +10 Buy Button and to the HOD

 

now they run em' higher

 

easy peasy

 

gonna have to oil that thing up over the weekend

 

>:::: And Another   V   bottom Friday..........HOD

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So it sure looks like we are on our way  to 2700+ to back test  support turned resistance and enter wave 4 area, this could even take more than a day or two to play out!  If count is clear enough then provide a setup for next big move down.  Refer to my chart from yesterday.  Have a great weekend everyone.  We have been breaking daily  high temp records for weeks here on the FLA gulf coast panhandle!

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