Index Trading, xjo, dow, dax, ftse

[early birds]

In Reply To: early birds's post @ Aug 7 2019, 09:56 AM

asx200

short term support---------6425ish. if can't hold there then look at 6200ish
still it is in a uptrend.

too hard to call for US market. as they driven by irrational [greed and fears] these days. plus trump's tweets....
but put a support for SPX .....near term 2806. not very accurate though.

[early birds]

https://www.cnbc.com/2019/08/06/not-yet-ove...t-analysts.html

I’m not seeing major signs of capitulation just yet. Price action is being driven by news catalysts and while the move down has been short and volatility is extended to the upside, this isn’t quite the ‘blood in the streets’ type environment like we saw at the December 2018 low.”

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hold little bit more cash.......................

[early birds]

two major support for the asx200 bulls

6500ish then, 6375ish.

for SPX ---2880 then 2825, is can't hold them this week, we have full bloom correction-----witch means over 10% or more index point drop.

world is full of uncertainties currently. keep some cash in hand will be handy....imho

[nipper]

In Reply To: early birds's post @ Aug 2 2019, 09:24 AM

markets have good chance of a big pull back, judging last two days candles.....

- some sustained sectoral selloff savagery continuing!! Financials just holding, resources out with the dishwater, here's to healthcare (esp CSL)

[early birds]

https://www.cnbc.com/2019/08/01/trump-china...status-quo.html

the trade war going to get worse as i said many times by now.
even on the TA point of view markets have good chance of a big pull back, judging last tow days candles .................
take good care people.....

[early birds]

In Reply To: nipper's post @ Jul 30 2019, 10:11 AM

nipper, seems market did that old trick-----sell on news.

https://www.cnbc.com/2019/07/31/the-two-wor...al-markets.html

“I think by that it means he doesn’t necessarily mean more cuts are coming, maybe not necessarily one off but not indicative of more aggressive cuts,” said Ben Jeffery, a fixed income strategist at BMO

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to me ----why the heck cut it this time. f£$%%ing trumpie. you are a one term chairman anyway. let market have a good correction....at this level it need to be.. imho

[nipper]

In Reply To: early birds's post @ Jul 30 2019, 08:42 AM

what are we going to do with (in) this booming market?
With the SPI up 33 and physical market looking to follow, those 2007 "peaks" are likely to be surpassed. Doubtless the journals of record will be all over it by days end.

[early birds]

https://www.cnbc.com/2019/07/29/stock-marke...d-rate-cut.html

Despite a healthy economy and an unemployment rate under 4%, investors widely expect the central bank to cut its benchmark lending rate for the first time since 2008 by 25 basis points. The Fed, which seeks to keep inflation around 2%, has had trouble sustaining price growth in recent months despite a healthy economy and low unemployment.
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for US market..... sell on news?? i meant to say " soon Fed cut rate by 25 pips", sell into market!!??

asx200---- cash market is 50 points over future market, not sure where it will go today.

[early birds]

https://www.afr.com/news/economy/another-rb...y_Sent=02072019

The Australian Financial Review Rich Lister and shopping centre billionaire Con Makris and the chief executive of the largest collection of convenience shopping centres in Australia Anthony Mellowes both said cutting rates would not send the right signal.

"It will panic the people," Mr Makris said.

"Consumers already know the economy is not good and they are going to keep trying to save and they won't go out and spend,'' he said.


They should be leaving them where they are for quite a while and then start moving them up very slowly."
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, everyone can see that rate cut at current rate level and time is not effective.

[early birds]

In Reply To: Mork's post @ Jun 29 2019, 05:16 PM

https://www.cnbc.com/2019/06/30/dow-futures...re-tariffs.html

That surge came after stocks recovered in June from a torrid May performance. The Dow soared 7.2% in June, its biggest gain for that month since 1938. The S&P 500, meanwhile, jumped 7.9% for the month, marking its best June performance since 1955.

President Donald Trump and Chinese President Xi Jinping agreed not to impose new levies on U.S. and Chinese goods after meeting on the sidelines of the G-20 summit in Osaka, Japan on Saturday.

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is markets get too exited about this outcome???? the problem still not solved ---to me !!