Australian (ASX) Stock Market Forum

Santa Rally 2022

Hmm looking at the ASX so far today, anyone game enough to say "Santa Rally" I know it is being good for me
Arvo farmerge,
Fast traded JLG this morning... real good numbers started banging through early on after open. Smashed it.
Then... was gunna have a play with SFR and WA1, got to hard so took an early mark... ha h aha ha. Glad rcw1 did, great day with some mates on the punt and a few beers to wash down some stories told.

Santa rally XAO 1.3% gain... speak for itself, now we don't want that retracing tomorrow or Friday for that matter, do we??? Naaaa not all, rcw1 shall put his socks on back the front again in the morning, that'll do the trick :)

Kind regards
rcw1
 
It's just the elves gaming the algorithms. Santa is firmly ensconced up at the North Pole, with 14 cases of Pimms (1l bottles of course) and a fridge full of mint leaves, cucumbers and sliced sliced banana etc. and couldn't give a @#$&.
 
Could be worth noting that the S&P500 and NASDAQ 100 both held key support levels on Tuesday despite the volatility and overall bearish sentiment. $SPX snapped a 5 day losing streak, bouncing from the former resistance at 3800, while $NDX's move lower seems to have stalled around the June and September lows, as well as uptrend support.

All trading carries risk, but US futures are trading higher at the moment, so it will be interesting to see if we do start get a more sustained bounce over the coming days.
 
Could be worth noting that the S&P500 and NASDAQ 100 both held key support levels on Tuesday despite the volatility and overall bearish sentiment. $SPX snapped a 5 day losing streak, bouncing from the former resistance at 3800, while $NDX's move lower seems to have stalled around the June and September lows, as well as uptrend support.

All trading carries risk, but US futures are trading higher at the moment, so it will be interesting to see if we do start get a more sustained bounce over the coming days.
Hope so. I have quite a few targets to meet.
 
... Santa rally XAO 1.3% gain... speak for itself, now we don't want that retracing tomorrow or Friday for that matter, do we??? Naaaa not all, rcw1 shall put his socks on back the front again in the morning, that'll do the trick :)

Kind regards
rcw1
Hmmm a 0.58% gain today on the XAO. Ten of 11 market sectors rise, with materials only slightly in the red. Looking very much like rcw1 socks will be inside out again tomorrow ha ha ha ha ha ha...


Have a safe and happy Christmas and prosperous new year.

Kind regards
rcw1
 
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