DrStool Posted July 28, 2023 Author Report Share Posted July 28, 2023 There are a lot of shiny new muscle cars in Germany. They're all Camaros and Malibus. Link to comment Share on other sites More sharing options...
SiP Posted July 28, 2023 Report Share Posted July 28, 2023 Chinese stocks like Alibaba could try to go up because the politburo try to move up the stock market and they said this week that want to support innovation. last week they made positive decision about ant financial Link to comment Share on other sites More sharing options...
SiP Posted July 28, 2023 Report Share Posted July 28, 2023 DAx - this is a thing i dont get it. German PMI is going lower, Euro should go lower, Europe in general has problems. Today Sweden presented v. poor GDP data. All in All its all bad in europe. I dont get it how dax could go up. Its totally against the common wisdom. its the opposite of US - good GDP, good ISM and of course big tech etc. So from fundamental point of view US is ok, but DAX? Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2023 Author Report Share Posted July 28, 2023 Principle of Synchronicity. Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2023 Author Report Share Posted July 28, 2023 8 hours ago, DrStool said: Watching the hourly ES 24 hour S&P futures, the key will be what happens as the market approaches wave resistance in the 4555-65 area in the pre market and after New York opens. If they clear it, the next target would be around 4580 this afternoon. Because the move was so immediate and so fast, they got it to the top of the channel before I thought it would. But the channel held. The market moved faster than I thought it would, but it wasn't stronger. The channel held. Now the test of strength will be whether this pullback holds in the 4550-60 area. If it does, then they'll try again to crack that downtrend channel. Link to comment Share on other sites More sharing options...
fxfox Posted July 28, 2023 Report Share Posted July 28, 2023 2 hours ago, SiP said: Chinese stocks like Alibaba could try to go up because the politburo try to move up the stock market and they said this week that want to support innovation. last week they made positive decision about ant financial Yep. End of June they made announcement about subsidies for EV‘s, look at Nio stock since then… Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2023 Author Report Share Posted July 28, 2023 Pressing that upper trendline again. A bit early to make this call but 2-3 day cycle projection prelim looking like 4600. Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2023 Author Report Share Posted July 28, 2023 1 minute ago, fxfox said: Yep. End of June they made announcement about subsidies for EV‘s, look at Nio stock since then… I passed a NIO showroom in Oslo. Gorgeous cars. Link to comment Share on other sites More sharing options...
fxfox Posted July 28, 2023 Report Share Posted July 28, 2023 7 minutes ago, DrStool said: I passed a NIO showroom in Oslo. Gorgeous cars. Yes. The chinese EV‘s are a major thread for European manufacturers. They did built up their EV industry very professionaly, with a plan. For example they hired European designers years ago. I think it could become as disruptive as when the Japanese came in the 70s to the US. Link to comment Share on other sites More sharing options...
fxfox Posted July 28, 2023 Report Share Posted July 28, 2023 3 hours ago, SiP said: DAx - this is a thing i dont get it. German PMI is going lower, Euro should go lower, Europe in general has problems. Today Sweden presented v. poor GDP data. All in All its all bad in europe. I dont get it how dax could go up. Its totally against the common wisdom. its the opposite of US - good GDP, good ISM and of course big tech etc. So from fundamental point of view US is ok, but DAX? Don‘t forget that the published DAX you see is always the Performance DAX, withh dividends included. All other major indeces are without dividends. On „Trading View“ search for „DAX KURSINDEX“, that‘s the DAX without dividends, look how catastrophic the underperformance compared to the S&P was in the last 10+ years. The other explanation for the weird upmove in DAX could be: During 2022 the topic „valuations“ came into the spotlight. DAX was from a pure valuation perspective „cheap“. Portfolio managers all use more or less the same risk models. So they did buy DAX. Link to comment Share on other sites More sharing options...
SiP Posted July 28, 2023 Report Share Posted July 28, 2023 Fxfox you are correct, I forgot about Total return fund/index. Same for Polish WIG (incl. dividends from the whole market). Look at blue chip index (wig20) without div. Its really terrible. Link to comment Share on other sites More sharing options...
fxfox Posted July 28, 2023 Report Share Posted July 28, 2023 When I scroll thru all kinds of commodities I would say: With a few exceptions, they rise. Again. A second wave would catch everyone on the wrong foot and it would also have huge political implications. Link to comment Share on other sites More sharing options...
Takachi-1 Posted July 28, 2023 Report Share Posted July 28, 2023 all proving the old adage..... "the market can stay irrational longer than you can stay solvent" Link to comment Share on other sites More sharing options...
SiP Posted July 29, 2023 Report Share Posted July 29, 2023 Booming markets neutralise impact of rate rises on US corporate fundraising https://www.ft.com/content/869227f9-711e-4409-94fe-bda426938d27 Link to comment Share on other sites More sharing options...
SiP Posted July 29, 2023 Report Share Posted July 29, 2023 How the ghost of the 1990s property crash returned to haunt Sweden https://www.reuters.com/markets/europe/how-ghost-1990s-property-crash-returned-haunt-sweden-2023-07-28/ Link to comment Share on other sites More sharing options...
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