Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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InsvestoBoy said:
JFYI all, I got a text from my mum saying "what happened to the stock market" last night, so I think it's time to get in on some of those triple levered long meme stock ETFs.
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In cases like that, you still need to leave a week for the masses to sell then buy....
I started putting a few low Ball buys on asx for conservative stocks, roughly half filled today.big question is how big the rise tonight in the usa.
if 1% or more, markets will be crucified,if less we might get to a rebound..dead cat bounce in my view
 
qldfrog said:
In cases like that, you still need to leave a week for the masses to sell then buy....
I started putting a few low Ball buys on asx for conservative stocks, roughly half filled today.big question is how big the rise tonight in the usa.
if 1% or more, markets will be crucified,if less we might get to a rebound..dead cat bounce in my view
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I hear The Fed has been buying bonds with their ears pinned back overnight, FWIW
 
last i heard they were NOT buying ( 'officially' ) any more and letting those that they held mature , HOWEVER i have seen stories of uncomfortable news about the last bond auction ( in the US )

so MAYBE the Fed has been forced to buy ( without disclosing to the public ) , or maybe Blackrock is buying them up ( on behalf of the Fed .. maybe as bond ETFs )
 
divs4ever said:
last i heard they were NOT buying ( 'officially' ) any more and letting those that they held mature , HOWEVER i have seen stories of uncomfortable news about the last bond auction ( in the US )

so MAYBE the Fed has been forced to buy ( without disclosing to the public ) , or maybe Blackrock is buying them up ( on behalf of the Fed .. maybe as bond ETFs )
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Moderate rise 0.75 and dead cat bounce it is
 

US Fed hikes its benchmark interest rate by 0.75%, the biggest increase since 1994​


“Clearly, today’s 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common,” Powell said.

He added, though, that he expects the July meeting to see an increase of 50 or 75 basis points. He said decisions will be made “meeting by meeting” and the Fed will “continue to communicate our intentions as clearly as we can.”
 
ASX is set to slip slightly at the open, as the SPI futures were down 0.6%. ASX 200 fell for the third straight trading day, down 3.55% on Wednesday, to a 15-month low. The index slumped 8% from the June high at above 7,200. With RBA’s vows to bring the inflation back down to the 2-3% target, more aggressive rate hikes are expected. Inflation is running hotter and hotter, which may rise to 7% from the current level of 5.1% by the year-end, said the Reserve bank governor. The Australian 10-year bond yield spiked to above 4%, the highest since March 2014.

1655332875733.png
 
Here's a thought for panic stations all round? The AUS200 weekly chart looks undersold, and I don't think she can hold up, recent cap down is certain signs the ship is sinking. Being a optimistic look forward to sum rebound action of the weekly 120ema and daily fib retracement in the coming days, expect some sideways action, but I don't think the ship can keep her head above water as appears well and truly down under. (Hellsinki):speechless:

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Stockybailz said:
Here's a thought for panic stations all round? The AUS200 weekly chart looks undersold, and I don't think she can hold up, recent cap down is certain signs the ship is sinking. Being a optimistic look forward to sum rebound action of the weekly 120ema and daily fib retracement in the coming days, expect some sideways action, but I don't think the ship can keep her head above water as appears well and truly down under. (Hellsinki):speechless:

View attachment 142924
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and today, an echo.
xjo.png
 
Stockybailz said:
Here's a thought for panic stations all round? The AUS200 weekly chart looks undersold, and I don't think she can hold up, recent cap down is certain signs the ship is sinking. Being a optimistic look forward to sum rebound action of the weekly 120ema and daily fib retracement in the coming days, expect some sideways action, but I don't think the ship can keep her head above water as appears well and truly down under. (Hellsinki):speechless:

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Our graph is slowly going south......
 
Hi everyone, I'm curious if inverse ETFs is played well during these recessions? I was having a discussion with someone earlier today and the person was telling me that bboz/bbus etc will go downplay during these recessions... he was referring to this "https://www.investopedia.com/articles/exchangetradedfunds/07/leveraged-etf.asp", I just don't understand well enough, Anyone care to explain further on this persons arguement?
 
Stockybailz said:
ASX is set to slip slightly at the open, as the SPI futures were down 0.6%. ASX 200 fell for the third straight trading day, down 3.55% on Wednesday, to a 15-month low. The index slumped 8% from the June high at above 7,200. With RBA’s vows to bring the inflation back down to the 2-3% target, more aggressive rate hikes are expected. Inflation is running hotter and hotter, which may rise to 7% from the current level of 5.1% by the year-end, said the Reserve bank governor. The Australian 10-year bond yield spiked to above 4%, the highest since March 2014.

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bought a large coffee for $7.50 at a super service station recently. the lady said they had 30% price increase from about 2 months ago.
the next 30% jump, or 130% of 7.50% ... could be the end soon
 
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