Australian (ASX) Stock Market Forum

Today's trading on the ASX

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Sean K said:
Wild night in the US but the bar is currently green. ASX200 still pointing 4% lower though.
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no it's not
Sean K said:
Current snapshot:
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ASX futures are pointing up 70 points or 1 per cent to 7407.
All US prices as of near 4.15pm New York time.
  • AUD -0.9% to US59.85¢
  • Bitcoin -1.8% to $US78,177
  • Dow -0.9% S&P -0.2% Nasdaq +0.1%
  • VIX +2.28 to 47.59
  • Gold -2.1% to $US2973.94 an ounce
  • Brent oil -1.8% to $US64.39 a barrel
  • Iron ore -2.5% to $US98.15 a tonne
  • 10-year yield: US 4.22% Australia 4.09%
 
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Dona Ferentes said:
no it's not

ASX futures are pointing up 70 points or 1 per cent to 7407.
All US prices as of near 4.15pm New York time.
  • AUD -0.9% to US59.85¢
  • Bitcoin -1.8% to $US78,177
  • Dow -0.9% S&P -0.2% Nasdaq +0.1%
  • VIX +2.28 to 47.59
  • Gold -2.1% to $US2973.94 an ounce
  • Brent oil -1.8% to $US64.39 a barrel
  • Iron ore -2.5% to $US98.15 a tonne
  • 10-year yield: US 4.22% Australia 4.09%
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Hmm, I wonder why that data is so way off. I better get a better service.
 
I'm thinking about buying shares in the class action companies... Surely there's going to be a a few billion dollars being spent by trading industry for failing to have adequate resources to allow people to sell shares on Monday? All my trading apps were buggered or slow at some point. I didn't want to buy or sell so I'm not fussed. But if I did.... I'd be foaming at the mouth.

Another thought is how many predatory capital raisings are we going to see this month to strengthen the balance sheet? I'm looking at the lithium miners - min, pls, ltr... Who all hemorrhage money and probably will struggle to wait out a longer price recovery. With the fall of the peso will foreign investors be pushing it more? Cheap investments if you're a yank right now.

I bet IGO wished they had cut off dividend payments a period or two earlier... they would have been in a great position to make some deals if they had a few hundred million more in the bank right now. But greedy moms and dads need their low yield dividends.
 
The Triangle said:
I'm thinking about buying shares in the class action companies... Surely there's going to be a a few billion dollars being spent by trading industry for failing to have adequate resources to allow people to sell shares on Monday? All my trading apps were buggered or slow at some point. I didn't want to buy or sell so I'm not fussed. But if I did.... I'd be foaming at the mouth.

Another thought is how many predatory capital raisings are we going to see this month to strengthen the balance sheet? I'm looking at the lithium miners - min, pls, ltr... Who all hemorrhage money and probably will struggle to wait out a longer price recovery. With the fall of the peso will foreign investors be pushing it more? Cheap investments if you're a yank right now.

I bet IGO wished they had cut off dividend payments a period or two earlier... they would have been in a great position to make some deals if they had a few hundred million more in the bank right now. But greedy moms and dads need their low yield dividends.
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I reckon the market is fairly priced. I'm in neutral stance now.
Equal upside and downside.

UK and Europe are trying for a deal and maybe they can make one.
Many commentators including some of his billionaire supporters are begging Trump to delay tariffs and go for a deal, though he may ignore them and double up.

Also Australia will have falling interest rates.
 
Dona Ferentes said:
ASX futures are pointing up 70 points or 1 per cent to 7407.
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Dialed back a bit ... SPI futures pointing to a 55 point rise.

But it's volatility that is king.

DJIA closing down 349 points— At its worst point, the Dow had plunged more than 1,700 points before staging a brief intraday rebound, only to retreat once again. In total, it recorded a 2,595-point swing—its largest intraday reversal on record.
Trading volume reached a staggering 29 billion shares—its highest level in at least 18 years. Meanwhile, the CBOE Volatility Index surged as high as 60, an extreme level typically reserved for bear market territory. Analysts warned that forced selling by hedge funds trying to meet margin calls could further amplify the declines.
 
Sean K said:
This is a pretty decent dead cat. 😸

View attachment 197098
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I understood the dead cat bounce was due to the market reacting to a false rumour that Trump was considering a 90 day pause for the tariff .

All three indexes started the day sharply lower, and the Dow plunged as many as 1700 points. But it suddenly surged to a gain of nearly 900 points in the late morning. The S&P 500, meanwhile, went from a loss of 4.7 per cent to a leap of 3.4 per cent, which would have been its biggest jump in years.

The sudden rise followed a false rumour that Trump was considering a 90-day pause on his tariffs, one that a White House account on X quickly labelled as “fake news.” That a rumour could move trillions of dollars’ worth of investments shows how much investors are hoping to see signs that Trump may let up on tariffs. Stocks quickly turned back down, and shortly afterward, Trump dug in further, saying he may raise tariffs more against China.

ASX rallies after Monday’s carnage; tech, energy stocks soar

The Australian sharemarket posted its biggest gain in more than two years on Tuesday as investors waded back into stocks after the bloodbath on Monday.
www.smh.com.au
 
it wasn't cattus mortis., more a reaction to oversold territory

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Evening Wrap: ASX 200 triple digit rebound rejoiced by investors as bets grow Energy and Mining stocks have finally bottomed​

The S&P/ASX 200 closed 166.7 points higher, up 2.27%.
.

Evening Wrap: ASX 200 triple digit rebound rejoiced by investors as bets grow Energy and Mining stocks have finally bottomed

Pretty much everything went up today, for a change! And it was much of the stuff that’s been hit the hardest in this downturn. You know – all the really cheap stuff now. "Cheap" of course is in the eye of the beholder...and beaten down Energy, Technology and Resources stocks were most beheld...
www.marketindex.com.au
 
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Dona Ferentes said:
it wasn't cattus mortis., more a reaction to oversold territory

View attachment 197120

Evening Wrap: ASX 200 triple digit rebound rejoiced by investors as bets grow Energy and Mining stocks have finally bottomed​

The S&P/ASX 200 closed 166.7 points higher, up 2.27%.
.

Evening Wrap: ASX 200 triple digit rebound rejoiced by investors as bets grow Energy and Mining stocks have finally bottomed

Pretty much everything went up today, for a change! And it was much of the stuff that’s been hit the hardest in this downturn. You know – all the really cheap stuff now. "Cheap" of course is in the eye of the beholder...and beaten down Energy, Technology and Resources stocks were most beheld...
www.marketindex.com.au
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Though i sold the few remaining shares that I held prior to my operations, I was a more than interested watcher of the markets and the blood bath that occurred on Friday and yesterday.
I just wonder how long The Muskrat will tolerate losing billions because of The Trumpets policies.
Will there be a parting of the way in the near future.
 
Dona Ferentes said:
it wasn't cattus mortis., more a reaction to oversold territory

View attachment 197120

Evening Wrap: ASX 200 triple digit rebound rejoiced by investors as bets grow Energy and Mining stocks have finally bottomed​

The S&P/ASX 200 closed 166.7 points higher, up 2.27%.
.

Evening Wrap: ASX 200 triple digit rebound rejoiced by investors as bets grow Energy and Mining stocks have finally bottomed

Pretty much everything went up today, for a change! And it was much of the stuff that’s been hit the hardest in this downturn. You know – all the really cheap stuff now. "Cheap" of course is in the eye of the beholder...and beaten down Energy, Technology and Resources stocks were most beheld...
www.marketindex.com.au
Click to expand...

Are we talking about the same market ? The information I quoted was with regard to the huge turnaround on the New York market which was directly caused by initial market relief that Trump was considering a 90 day pause on applying the tariff and then extreme reaction when this called out as fake news.

I pasted the observation directly from the SMH and left a link.

ASX rallies after Monday’s carnage; tech, energy stocks soar

The Australian sharemarket posted its biggest gain in more than two years on Tuesday as investors waded back into stocks after the bloodbath on Monday.
www.smh.com.au


The Australian market had its own ups and downs - as you say a reaction to oversold stocks.
 
Dead bounce cat it was, US markets really tried hard but slowly failed.
Gold up, oil now below critical 60
happy with my nice profit sell yesterday.
Lets see what this morning oracles will see coming!
 
Dona Ferentes said:
here I was running a quiet little 2- post-a-day thread, and....
Click to expand...

ASX futures are pointing down 134 points or 1.8 per cent to 7399.
All US prices as of 4.20pm New York time.
  • AUD -0.4% to US59.60¢
  • Bitcoin -2.5% to $US76,665
  • Dow -0.8% S&P -1.6% Nasdaq -2.2%
  • VIX +9.43 to 56.41
  • Gold -0.2% to $US2978.11 an ounce
  • Brent oil -3.7% to $US61.85 a barrel
  • Iron ore -2.7% to $US94.90 a tonne
  • 10-year yield: US 4.28% Australia 4.24
 
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Evening Wrap: ASX 200 back to selloff mode as China-US sabre-rattling sees investors dump major Energy and Mining stocks .... The S&P/ASX 200 closed 135.0 points lower, down 1.80%.​

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Evening Wrap: ASX 200 back to selloff mode as China-US sabre-rattling sees investors dump major Energy and Mining stocks

Back to selling, back to pain for investors who intend to faithfully hold through the turmoil. And that turmoil appears to be growing, not shrinking as the trade war sabre-rattling continues on both sides of the Pacific. There were heavy falls in Energy and Resources stocks again, but...
www.marketindex.com.au
 


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