aussiebear Posted February 2, 2018 Report Share Posted February 2, 2018 Early openers showing caution: Kiwis flat, Aussies +0.3%, Japan and Sth Korea -0.9%.Aussie sectors ranging from Energy +1.7%, Gold +1.2% down to REITS -1%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted February 2, 2018 Author Report Share Posted February 2, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted February 2, 2018 Author Report Share Posted February 2, 2018 http://money.cnn.com...s/morning_call/http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted February 2, 2018 Author Report Share Posted February 2, 2018 http://bigcharts.mar...com/default.asp All Ords closed +0.5% with most sectors up led by Energy +2.4%, Gold +1.5% and Telecomms +1.1%. REITS -1% was down the most.Over in Asia, China +0.4%, Hong Kong -0.1%, Japan -0.9%, India currently -1.6%. On to UK/Europe: http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted February 2, 2018 Author Report Share Posted February 2, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted February 2, 2018 Author Report Share Posted February 2, 2018 All Ords one year chart ... still up there ... http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 2, 2018 Report Share Posted February 2, 2018 Lot's of good earnings news and market is selling off. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 2, 2018 Report Share Posted February 2, 2018 Crypto market in a typical bubble burst fall out. Some of these are down 75% from the peak. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 2, 2018 Report Share Posted February 2, 2018 Long ES at 2803.75. Stop below 2790. Trade Safe. Link to comment Share on other sites More sharing options...
Jorma Posted February 2, 2018 Report Share Posted February 2, 2018 Crypto market in a typical bubble burst fall out. Some of these are down 75% from the peak. I am sketchy about what they even are and know zero about the trading venues and platforms but they seem to me to be part of an effort to reignite interest in financial speculation among the general public. Will their crashes turn that off or will stock and other derivative speculation take hold again as the dream of wealth without work takes hold of a new generation. I mean in theory a bull run to unimaginable heights with broad participation would boost precious 'confidence', and credit expansion. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 2, 2018 Report Share Posted February 2, 2018 I am sketchy about what they even are and know zero about the trading venues and platforms but they seem to me to be part of an effort to reignite interest in financial speculation among the general public. Will their crashes turn that off or will stock and other derivative speculation take hold again as the dream of wealth without work takes hold of a new generation. I mean in theory a bull run to unimaginable heights with broad participation would boost precious 'confidence', and credit expansion. I myself is having trouble piecing it all together with the Crypto market. This entire sector is build on confidence. This isn't a house you can live in or a bar of gold where you can grab and hold or a piece of paper backed and insured by a government body. Nothing but "pure speculation" that it "might" someday change transaction processing. Maybe if Bitcoin comes back to 2K area i might throw some cash at it. Link to comment Share on other sites More sharing options...
DrStool Posted February 2, 2018 Report Share Posted February 2, 2018 Couple weeks ago my editor at Sure Money was concerned. She said, what if you don't have enough shorts or your list when the market crashes. I told her not to worry, that the algorithm and my eyeballs would assure that when the market finally does break that we'd have plenty of shorts on the list because individual stocks start to turn before the market averages. Now, I have no idea if this is the crash or not but over the weekend I wrote this and yesterday it was posted this over there. https://suremoneyinvestor.com/2018/01/this-gold-bubble-has-a-disturbing-secret-message-for-you/ And I guess we have enough shorts on the list. http://wallstreetexaminer.com/2018/02/daily-trades-list-friday-february-2-2018/ Link to comment Share on other sites More sharing options...
DrStool Posted February 2, 2018 Report Share Posted February 2, 2018 They need to get back above 2813 to reverse this selloff. That's the neckline of the downsloping head and shoulders pattern on the hourly. It measures to 2754. Link to comment Share on other sites More sharing options...
DrStool Posted February 2, 2018 Report Share Posted February 2, 2018 Of course I have a mortal dread that now that I've said all this the market will take off on a rip your face off rally. Link to comment Share on other sites More sharing options...
Jorma Posted February 2, 2018 Report Share Posted February 2, 2018 Don't be afraid. Tops have to be built and crash is a bad word. Link to comment Share on other sites More sharing options...
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