Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


736 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

MARKET OUTLOOK - Global & Local, Perspectives & General Market Feeling
nipper
post Posted: Sep 25 2020, 04:19 PM
  Quote Post


Posts: 7,517
Thanks: 2549


On Tuesday this week, Deputy Governor of the Reserve Bank of Australia, Guy Debelle, gave a speech which probably opens the door to a rate cut on 6 October.

There is talk of a series of measures which will show the RBA resolve to stimulate the economy.

https://www.rba.gov.au/speeches/2020/sp-dg-2020-09-22.html

Then came Treasurer, Josh Frydenberg.

https://joshfrydenberg.com.au/latest-news/s...kstart-economy/

As the Treasurer says, the flow of credit is the lifeblood of the Australian economy and the government has announced it will simplify lending rules to free up credit.

The prospect of a very significant increase in corporate insolvencies next year, particularly amongst small businesses must be scaring the pants off policy makers. They have decided it is time to do everything they can to protect the economy and jobs.






--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
early birds
post Posted: Sep 25 2020, 09:35 AM
  Quote Post


Posts: 12,970
Thanks: 1485


In Reply To: mullokintyre's post @ Sep 25 2020, 06:41 AM

i had similar thoughts with you of last night's market action.
sellers will be back next week.
will look at those technical levels though. like SPX for 3280ish
asx200 for 5925ish

if above level been hit through than bulls will have go again, other wise , down she goes !!!



 
mullokintyre
post Posted: Sep 25 2020, 06:41 AM
  Quote Post


Posts: 2,816
Thanks: 1021


So the correction was short lived.
Silver up, gold up, AUD own, DOW slightly up.
Don't think this is the end of it, expect further selling next week.
But then I could be completely wrong - again.
Mick



--------------------
sent from my Olivetti Typewriter.
 
early birds
post Posted: Sep 24 2020, 09:23 AM
  Quote Post


Posts: 12,970
Thanks: 1485


wanted to point out our US Strategist, Ed Clissolds note from last night (Rotation? Correction? Neither? Both?). We draw 3 conclusions from the current market action:

The market is approaching short-term oversold levels, but sentiment and seasonals suggest it could remain defensive over the short term.
Cycles and longer-term breadth indicators suggest September weakness is more likely a bull correction than a cyclical bear.
Rotation has been underway selectively, but mega-cap Growth and Financials have been masking it


A couple of points expanding on what we see short term:

The pullback has been orderly, which is not how declines typically end. The percentage of stocks above their 10-day moving averages has fallen to 19.1%. Historically, oversold readings have come when the percentage falls below 7.7% and then reverses above it (see S242 shown below)
Looking at our daily trading sentiment composite, since 2018, declines have driven the sentiment composite into the low-to-mid 20s, except for bigger drops in December 2018 and March 2020. Additional pessimism may be needed to wash out the bulls after a powerful five-month rally (the low we saw recently was 34)
On September 9, we showed that the equity put/call ratio fell to a 20-year low (S583). The smoothed equity P/C ratio has climbed from 43.8 to 53.8. It remains 10 points below its long-term average; however, suggesting that the extreme option optimism has not been reversed.

======================

had some stats with the analysis , that is one of the thoughts, seems rotation become popular words these days.

 
mullokintyre
post Posted: Sep 24 2020, 08:34 AM
  Quote Post


Posts: 2,816
Thanks: 1021


Silver crunched again, now down 26% from its recent highs.
Gold is proving more resilient, still holding above the 2600 handle in AUD.
Would like to see it revisit that 2200 mark before I started loading up again.
DOW down 500 + points, cash has gone past the regal status to Emperor.
Can't be good for the ASX today.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Sep 23 2020, 10:04 AM
  Quote Post


Posts: 2,816
Thanks: 1021


In Reply To: early birds's post @ Sep 23 2020, 09:51 AM

If at the same time, all these experts published stats on what they got wight, what they got wrong, and what was neutral, I might give them some weight.
Their research teams may do lots of research and analysis, but its what they read from the research and analysis, then what they recommend , is what really counts.
Mick



--------------------
sent from my Olivetti Typewriter.
 

Featured Stock Stories





early birds
post Posted: Sep 23 2020, 09:51 AM
  Quote Post


Posts: 12,970
Thanks: 1485


In Reply To: mullokintyre's post @ Sep 23 2020, 09:39 AM

they doing it for living.

i'm little disappointed , because they didn't recommend TLS as value stock,

they do have their research term and mathds , but still just a opinion .



 
mullokintyre
post Posted: Sep 23 2020, 09:39 AM
  Quote Post


Posts: 2,816
Thanks: 1021


In Reply To: early birds's post @ Sep 23 2020, 09:22 AM

Opinions are like bums, everyone's got one.
Mick



--------------------
sent from my Olivetti Typewriter.
 
early birds
post Posted: Sep 23 2020, 09:22 AM
  Quote Post


Posts: 12,970
Thanks: 1485


Macquarie says ASX value shares will outperform growth stocks from here

Best ASX value stocks to buy
These are the reasons why the broker added seven ASX stocks to its model portfolio. These include the Westpac Banking Corp (ASX: WBC) share price and Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price.

The remaining industrials are the BlueScope Steel Limited (ASX: BSL) share price, Seven Group Holdings Ltd (ASX: SVW) share price, Lendlease Group (ASX: LLC) share price, United Malt Group Ltd (ASX: UMG) share price and Ampol Ltd (ASX: ALD) share price.

The broker also increased its position in the Worley Ltd (ASX: WOR) share price, Crown Resorts Ltd (ASX: CWN) share price, GPT Group (ASX: GPT) share price and Sydney Airport Holdings Pty Ltd (ASX: SYD) share price.

On the flipside, some stocks that Macquarie dropped from the portfolio include the Wesfarmers Ltd (ASX: WES) share price and Amcor CDI (ASX: AMC) share price.

=====================

from motley fool. just another opinion!!! DYOR as always



 
early birds
post Posted: Sep 22 2020, 10:39 AM
  Quote Post


Posts: 12,970
Thanks: 1485


In Reply To: mullokintyre's post @ Sep 22 2020, 07:21 AM

yeah Mick

seems people selling everything indiscriminate , scared of illegal transfer by those major banks flare up again. that include JPM { lmaosmiley.gif

for asx200 the index is right on the support level, not so sure it will hold it or not. it's pure from TA point of view

SPX hold that support level of 3230ish last night and bounced from there, if break down that level then 3100ish will be the target to the down side. if it can hold there then short term selling is over, might see a side way action for next two months. imho!!





 
 


736 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING