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World Stock Markets Trading Discussion - Orbital obliteration


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

 

All Ords closed -1.2% and that's a new recent low which is seriously bearish in the medium term.  All sectors were down led by IT -4.6%, Telecomms -3.3% and Gold -3%.

Over in Asia, India currently -1.3% and Japan finished -2.3%.

 

 

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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LATEST PRO TRADER REPORTS MARKET UPDATE PROMARKET UPDATE PRO DAILY Cycle Screening Measures Still Weakening by Lee Adler •  February 10, 2016

Cycle screening measures weakened on Tuesday. All 9 measures were weaker. The last 2 measures that had been positive on balance fell to the sell side. But there are 2 setups that could point the other way if certain things happen.

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The rally in the Futures had only one purpose:

 

To make the level form where we fall higher. 

 

Look what Yellen said:

http://www.reuters.com/article/us-usa-fed-idUSKCN0VJ1F2

 

In my view that is almost catastrophic. Now the spin is that she said between the lines "gradual rate hikes". Well, she never said anything else. At no point in recent history she said something like "We will agressively hike rates". So she said nothing new. The economic outlook she gave is more bleak than bright. 

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