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World Stock Markets Trading Discussion - Wounded wallowing


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w?s=%5EAORD&lang=en-AU&region=AU

 

All Ords pulled back and is now resting on recent support.  It's an each way bet from here..  The index closed -1.1% and in the sectors Telecomms -2%, Financials -1.5% with Gold the only up sector, +0.6%.

Over in Asia, China still closed, Hong Kong +3.2%, India closed, Nikkei flat.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

 

https://au.finance.yahoo.com/

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PRO TRADER SUBSCRIBER REPORTS PRECIOUS METALS PRO Gold Rallies Enough To Stay Home On The Range by Lee Adler •  October 2, 2015

Gold has rallied sharply this morning on the jobs data, but it is still rangebound and cycle patterns haven’t changed much. 15 month cycle momentum has edged back to the buy side as we look for confirmation of a low in that cycle.

 

MARKET UPDATE PROMARKET UPDATE PRO DAILY Cycle Screens Rise Again by Lee Adler •  October 1, 2015

Cycle screening measures were stronger on Thursday, buttressing the idea that an intermediate low is forming. But that comes with conditions.

 

MARKET UPDATE PROMARKET UPDATE PRO DAILY Bottle Rocket Or Meat Grinder Formation? by Lee Adler •  October 1, 2015

The market cleared some short term trendlines and resistance levels on Thursday, but not others. 6 month and 10-12 month cycle lows are due to form and downside projections have been hit, but that does not rule out more downdrafts. Here are the benchmarks to watch as intermediate cycles enter a time window where the…

 

LATEST NEWS AND OPINION CHARLES HUGH SMITH The Dangerous Illusion That Risk Can Be Offloaded Onto Others by Charles Hugh Smith •  October 1, 2015

This confidence in central banks raises a pernicious systemic risk.Do you drive carelessly because your auto is equipped with airbags? Perhaps not. But would you drive more cautiously if you were perched on the front bumper? If even the slightest …

 

MONEY MORNING Is Obamacare Working? This Report Card Says It’s Failing by David Zeiler •  October 1, 2015

Today is Oct. 1 – the two-year anniversary of when the Obamacare healthcare exchanges opened for business. So it’s a good time to assess the healthcare law.

 

FAST FACTSINITIAL CLAIMS FOR UNEMPLOYMENT COMPENSATIONWALL STREET EXAMINER EXCLUSIVES Unemployment Claims Still Sailing Along At Record Lows, Withholding Taxes Down Slightly in Q3 by Lee Adler •  October 1, 2015
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Employers continue to ignore the signals sent by the recent stock market fracture. They are still hoarding their low cost labor forces at a record…

 

MONEY MORNING Next House Speaker Could Be Good News for U.S. Energy Policy by Dr. Kent Moors •  October 1, 2015

McCarthy has expressed several specific energy policy recommendations.

 

ECONOMY AND MARKETS Don’t Worry: Bear Markets Are a GOOD Thing by John Del Vecchio •  October 1, 2015

Unfortunately, the longer the current bull market remains intact, the more pain will be felt on the downside once the trend changes.

 

MONEY MORNING The Glencore Stock Price Has Much Further to Fall by Diane Alter •  October 1, 2015

The Glencore stock price was extremely volatile again today (Thursday) as investors remain concerned about the company’s health and its industry prospects.

 

ANTHONY SANDERS Atlanta Fed Q3 GDP Growth Falls To 0.9 Percent (Non-residential Construction and Exports Plunge) by Anthony B. Sanders •  October 1, 2015
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The Atlanta Fed’s GDP NOW real-time measurement just fell to 0.9%.

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