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Withering welter


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Posted

A cautious start for the early openers: Kiwis -0.9%, Aussies -0.3%, Nikkers -0.5% and Sth Korea -0.9%.

 

Little movement in Aussie sectors with Utilities -0.7% ranging to Gold +0.6%.

 

 

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Posted

w?s=%5EAORD

 

 

The downward trend continues: All Ords closed -0.8% with Materials -1.1% down the most and the sole green sector was Gold, +0.7%.

 

Over in Asia it's all red: China -0.3%, Honkers and Nikkers -1.4%, India -1.1%.

 

 

On to UK/Europe:

 

 

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Posted

The commercials say anything more than 4 hours should get medical attention

 

Yes, but the commercials are long.

Posted

And payrolls were strong as the sharp rise in wage tax collections late last month foreshadowed. But the real question is whether this is the bell ringing sell the news event, or the kickoff to a terminal meltup.

Posted

And payrolls were strong as the sharp rise in wage tax collections late last month foreshadowed. But the real question is whether this is the bell ringing sell the news event, or the kickoff to a terminal meltup.

 

Just a case of using an 'expansion' trade set up protected with a stop. So we don't need to know the answer to the above question.

Posted

Eurusd still acting v weakly. Depsite being quite Dover Sole on the daily & weekly charts, it can't catch a bid. No buyers.

Posted

And payrolls were strong as the sharp rise in wage tax collections late last month foreshadowed. But the real question is whether this is the bell ringing sell the news event, or the kickoff to a terminal meltup.

 

...or neither

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