Australian (ASX) Stock Market Forum

International markets traders banter

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kid hustlr said:
Any thoughts on the volume recently on the DOW?

Are we asleep at the wheel?

View attachment 69308
Click to expand...

Further to the above, the volume is still high and we now have several other confirming factors:

Dow COT.png

I'm no COT expert and I don't know how much weight should be placed on the COT for the Dow Jones however extremes not seen since the GFC also paint a concerning picture.

Add to that the fact we have a very expensive market:

http://www.multpl.com/shiller-pe/

and the warning bells are starting to ring. High's can take months to play out and at this stage price action has not confirmed my views - I am watching with interest though.
 
I thought it ridiculous the DJIA stall a strong run up at 19999.63. How freakin bizarre yet typical of the 'game'. No wonder people don't trade when there is such exact control over price.
 
Too obvious CanOz. It is rarely as proposed. The U.S. has been range bound for a month but I can't tell if this accumulation for another run higher or distribution at the top of a trend.
 
Can any of you smart people explain why index volume and futures volume don't track each other really closely? As an example the volume on the S&P and Dow Index's have been up quite substantially in recent weeks yet the volume on the fut's contracts is relatively benign?
 
are you asking about total equities volume....there is no total index volume, it is the equities within the index so theyre the cash component not the "view of the future(s)" volume like the spi etc ......two wholly different ball games
 
Joules MM1 said:
are you asking about total equities volume....there is no total index volume, it is the equities within the index so theyre the cash component not the "view of the future(s)" volume like the spi etc ......two wholly different ball games
Click to expand...

Yes talking total equities volume.

Agree different ball games but the two are heavily linked. Do you not find it surprising that there is a large difference in volume at recent times? ( I recognise things like quarterly rollovers etc will skew the difference but in the main my experience has been if theres a heavy day of volume in the futs contract the index has also had a heavy day volume wise.
 
i never expect any correlation in eq vol and futes vol .....keeping in mind one is/can be a hedge and a cupla large onmarket trans or large sector post divi sales fattens eq vol but meaningless to futes direction
 
DJIA having yet another look at the poisonous 20000 points level. Looks like some sort of swing up for a break higher.
 

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