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World Stock Markets Trading Discussion - Turbid traction


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

 

 

All Ords finished +0.1% and sectors were pretty much evenly divided, ranging from REITS +1.1% down to Telecomms -2% and Miners -1.6%.

Over in Asia, China and Hong Kong closed, Japan -0.8%, India currently -0.1%.


Reddish hues in UK/Europe: FTSE flat, DAX -0.6%, CAC -0.4%.

 

 

 

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big.chart?nosettings=1&symb=FR%3APX1&uf=

 

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

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RUT new all time highs...

Path of least resistance seems to be up.

 

The RUT is 100% reconstituted every year.  Companies that have grown beyond the small cap criteria are eliminated and new ones are added. Likewise companies that fall below minimum criteria are dropped. So it always has an upward bias. For that reason, RUT is a really poor long term trend indicator.  The pruning done on the Dow and S&P is far less egregious.  

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The proof of the pudding will be in July, when the Fed goes to $40B in market withdrawals. The second half of the year will end in a bloodbath particularly when the ECB cuts to €15B in monthly QE in Sept. 

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