Another big green one but we'll see if it lasts. All Ords +1.4%, IT leading, +2.4% followed by Miners +2.1% and Materials +2%. Telecomms and Utilities have the least rise, +0.6%.
I checked the White Swan Hotel's laundry room. Here's the detergent they use. (by the way this is a real product, not a photoshop fake. A friend took this picture.)
I checked the White Swan Hotel's laundry room. Here's the detergent they use. (by the way this is a real product, not a photoshop fake. A friend took this picture.)
The strong start was sold off to some degree and we're now at the next resistance area. All Ords finished +1.2% with IT continuing in the lead, +2.1%, Miners +2% and Materials +1.9%. Utilities was the only red sector, -0.1%.
Modestly green in Asia: China +0.4%, Honkers +0.9%, India +0.7% and Nikkers +1.2%.
Doc,
on yesterday IDS you wrote that you will update a nice chart from history that we are tracking currently. You said you gonna do it at the evening. Where do you post it? Im asking because Ive checked your latest daily report:
On Rutty here, I can see the case for a top either at the close today, or slightly higher near 600 tomorrow or Wednesday after down tomorrow, (which would likely give us TJ's target of 10,334 INDU), and then a test of the lows at 550, or possibly lower around Nov 16-17. There is a pretty common fractal that we are roughly following that has bottoms 2 weeks apart. Above 600 on RUT, and the last vestiges of bear hope start to fade....
May you post a chart?
TIA
BTW, we are falling here....eurjpy still not cross 135, copper, near 2.95$,crude falling
Nov. 10 (Bloomberg) -- Australian business confidence rose in October to near its highest level in almost six years, increasing the central bank’s scope to raise borrowing costs in December for a record third straight month.
The sentiment index climbed 2 points to 16, after falling 4 points in September, according to a National Australia Bank Ltd. survey of more than 400 companies questioned between Oct. 25 and Oct. 30, and released in Sydney today. A figure above zero shows optimists outnumber pessimists.
Nov. 10 (Bloomberg) -- New Zealand consumer purchases on debit, credit and store cards fell for the first time in four months in October, adding to signs a recovery from the nation’s worst recession in three decades will be gradual.
The value of transactions on electronic cards declined 0.2 percent from September when it rose 0.7 percent, Statistics New Zealand said today in Wellington. Excluding spending at fuel outlets and car workshops, transactions fell 0.4 percent.