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I was surprised that the markets completely ignored the plunge Shanghai stocks on Thursday.
Up until that point it seemed to be what was also weighing on oil until the Russians started blowing rainbows.
Seems like people are not ignoring it today though.
 
Beware the Ides of March, Eurodollar COT commercials positioning lagged by 1 year is starting to top out.

US equity index highs sometime between early next week until a week after, followed by a move lower into April 20th or so.

For the bulls following this metric, potential good news as looks like could be a sustained move upwards from late April until mid August 2016.

Can read about the metric here (older posts linked at the bottom of the post), Mr McClellan has had a pretty good track record of market timing thanks to this metric:
http://www.mcoscillator.com/learnin...llar_cot_says_ugly_drop_is_still_ahead_of_us/

Can catch the relevant COT chart with a quick google.
 
Is it odd that bad economic news regarding Non-Farm Payroll will be the more favourable to the U.S Market?

IE. Markets are prioritising interest rates over the actual health of the economy.
 
Nope he threw in the towel


https://www.mcoscillator.com/learning_center/weekly_chart/eurodollar_cot_throws_a_curveball/


Beware the Ides of March, Eurodollar COT commercials positioning lagged by 1 year is starting to top out.

US equity index highs sometime between early next week until a week after, followed by a move lower into April 20th or so.

For the bulls following this metric, potential good news as looks like could be a sustained move upwards from late April until mid August 2016.

Can read about the metric here (older posts linked at the bottom of the post), Mr McClellan has had a pretty good track record of market timing thanks to this metric:
http://www.mcoscillator.com/learnin...llar_cot_says_ugly_drop_is_still_ahead_of_us/

Can catch the relevant COT chart with a quick google.
 
10:44 ET - US oil prices rise above their 200-day moving average for the first time since mid-2014 in a key bullish technical signal amid an unconfirmed report that Saudi Arabia and Russia have reached an agreement on a production freeze.

CL went bid hard...What's the saying... Buy the rumor sell the news? Hehe
 
CL went bid hard...What's the saying... Buy the rumor sell the news? Hehe

Big Doha meeting coming up this weekend. It would be a semi miracle if anything can be agreed at that meeting... and even if agreement was struck, my guess is that the world will be skeptical on whether those agreements would be followed.

There's a bit of divergence between oil stocks (in Australia anyway, I haven't looked elsewhere) and spot oil movements of late which is quite unusual. May be an arb between the two into the weekend would be fun.
 
breadth via $NYAD and $BPSPX still reads v healthy
but mother trin sez youre eating too fast...buying needs to be kept at ARMS length

trin 220416.gif

no pun = no fun, ok
 
High range High volume day.

Guys front running sell in May and go away?

markets love to prove people wrong might be heading higher ??!!!
 
Massive volume on the ES, huge open interest on the Vix (this contract has an ETH element now) and its hit support....plus its month end and Japanese have stopped adding to the punch bowl. Oh, the Chinese have stepped in to curb speculating in the commodity markets as well....plenty of themes:rolleyes:
 

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Looks like America is letting go but as we all know tops/distribution can take awhile. That's an each way bet. :D
 
Looks like America is letting go but as we all know tops/distribution can take awhile. That's an each way bet. :D


First chink in Bull armour this week with SPX weekly LH/LL and looking like close under last weeks low , Been waiting on this for weeks . The lowest dynamic 5 day range of year this week was a big tell at 24 points , managed to short a few at top of range on that day , taken most of but leaving some to run next week

edit as above not calling a top but today leaves unfilled bearish cash gap , the first box to tick of at tops , "If" we leave a second gap monday confidence grows


ScreenShot102.jpg
 
stuff found on the hint-a-web

http://www.optionstrategist.com/blo...394569658&mc_cid=88e0ade73d&mc_eid=c5d2a13444

A couple of weeks ago, we mentioned that the highest “stocks only” breadth oscillator reading in history had taken place. In fact, the top three readings of all time occurred on March 3rd, 4th, and 7th of this month (March, 2016). In addition, the 15th and 17th most extreme readings of all time occurred on March 2nd and March 11th, respectively. We wanted to study the other extreme readings to see what happened after those. Is this a significant longer-term indicator, or is it just indicative of the fact that short-term momentum is strong? The complete "Top 20" is shown in Table 1.
 
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