Tomorrow's trading on the ASX?
- Thread starter farmerge
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good for them , at least i didn't part with any cash today
i wonder if Oz now has it's own Plunge Protection Team
i wonder if Oz now has it's own Plunge Protection Team
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that could be
but if so it makes you wonder what the shorters foresee
in the US where it is 'lifelines for our mates ' i can see the worry ( on shorting those over-valued market darlings )
divs, the link for short sells...https://www.asx.com.au/data/shortsell.txt
The data is updated about 11.30am every day. Bit of work....you can keep an eye on short sells if you enter the data each day....eg, are they going up or down etc...
The data is updated about 11.30am every day. Bit of work....you can keep an eye on short sells if you enter the data each day....eg, are they going up or down etc...
Industry ETFs
Tue 26 Sep 23, 8:23am (AEST)| Description | Last | Chg % |
|---|---|---|
| Commodities | ||
| Uranium | 28.01 | +4.55% |
| Lithium & Battery Tech | 54.74 | -0.05% |
| Steel | 65.06 | -0.24% |
| Copper Miners | 36.32 | -0.36% |
| Strategic Metals | 66.71 | -0.66% |
| Gold Miners | 28.51 | -1.25% |
| Silver | 21.2 | -1.76% |
| Industrials | ||
| Aerospace & Defense | 106.57 | +0.41% |
| Construction | 50.51 | +0.34% |
| Global Jets | 17.1 | -0.41% |
| Agriculture | 21.75 | -0.50% |
| Healthcare | ||
| Cannabis | 7.12 | +5.01% |
| Biotechnology | 122.27 | -0.24% |
| Description | Last | Chg % |
|---|---|---|
| Cryptocurrency | ||
| Bitcoin | 13.52 | -0.73% |
| Renewables | ||
| Solar | 52.57 | -0.47% |
| Hydrogen | 7.52 | -0.92% |
| CleanTech | 10.98 | -1.61% |
| Technology | ||
| Video Games/eSports | 51.11 | +0.91% |
| E-commerce | 17.9805 | +0.90% |
| Semiconductor | 469.47 | +0.73% |
| Robotics & AI | 24.62 | +0.20% |
| Electric Vehicles | 23.49 | +0.13% |
| Cloud Computing | 18.81 | 0.00% |
| FinTech | 20.01 | -0.30% |
| Cybersecurity | 24.1 | -0.82% |
| Sports Betting/Gaming | 15.901 | -1.79% |
Key Events
ASX corporate actions occurring today:- Trading ex-div: Nick Scali (NCK) – $0.35, Southern Cross Electrical (SXE) – $0.04
- Dividends paid: Atlas Pearls (ATP) – $).003, Contract Energy (CEN) – $0.18, Altium (ALU) – $0.29, LGI (LGI) – $0.01
- Listing: None
- 11:00 am: RBA Conference on Inflation
Industry ETFs
Wed 27 Sep 23, 8:31am (AEST)| Description | Last | Chg % |
|---|---|---|
| Commodities | ||
| Silver | 20.96 | -1.13% |
| Steel | 64.1337 | -1.42% |
| Lithium & Battery Tech | 53.74 | -1.83% |
| Copper Miners | 35.6 | -1.98% |
| Strategic Metals | 64.95 | -2.64% |
| Gold Miners | 27.74 | -2.70% |
| Uranium | 27.2 | -2.89% |
| Industrials | ||
| Agriculture | 21.67 | -0.37% |
| Aerospace & Defense | 105.4 | -0.89% |
| Construction | 49.8 | -1.41% |
| Global Jets | 16.85 | -1.46% |
| Healthcare | ||
| Biotechnology | 122.54 | +0.35% |
| Cannabis | 7.08 | -0.56% |
| Description | Last | Chg % |
|---|---|---|
| Cryptocurrency | ||
| Bitcoin | 13.47 | -0.37% |
| Renewables | ||
| Solar | 51.74 | -1.58% |
| CleanTech | 10.73 | -2.28% |
| Hydrogen | 7.29 | -3.06% |
| Technology | ||
| Sports Betting/Gaming | 15.8652 | -0.23% |
| Video Games/eSports | 50.54 | -1.12% |
| Cybersecurity | 23.78 | -1.33% |
| FinTech | 19.71 | -1.50% |
| Semiconductor | 459.31 | -1.82% |
| E-commerce | 17.65 | -1.84% |
| Electric Vehicles | 23.02 | -2.00% |
| Robotics & AI | 24.12 | -2.03% |
| Cloud Computing | 18.42 | -2.07% |
Key Events
ASX corporate actions occurring today:- Trading ex-div: Imdex (IMD) – $0.02, Cedar Woods (CWP) – $0.07, Myer (MYR) – $0.01, Vulcan Steel (VSL) – $0.25, Fonterra Shareholders Fund (FSF) – $0.31
- Dividends paid: ASX (ASX) – $1.12, Amcor (AMC) – $0.18, Woolworths (WOW) – $0.58, Diverger (DVR) – $0.03, Worley (WOR) – $0.25, Pilbara Minerals (PLS) – $0.14, Aurizon (AZJ) – $0.08, Ampol (ALD) – $0.95, Iluka Resources (ILU) – $0.03, Mineral Resources (MIN) – $0.70, Regis Healthcare (REG) – $0.07, Coles (COL) – $0.30, Endeavour Group (EDV) – $0.07
- Listing: None
- 11:30 am: Australia Monthly CPI Indicator
- 10:30 pm: US Durable Goods Orders
Dona Ferentes
A little bit OC⚡DC
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every day it seems, recently, the overnight lead is weak, usually pointing to a down day. Then a bit of a clawback. Death by a thousand cuts.
I didn't want to post this, but since you mentioned death and cuts, Dona......
Yields have been a major pain point for markets. The US 10-year yield recently pushed above 4.50% for the first time since 2007. This move is more than just higher-for-longer.
The US is issuing over US$10 billion per day in treasuries to cover their deficit spending. This is effectively flooding the bond market with supply, driving bond prices lower and yields higher.
Hedge funds short exposure (as a % of total short US tech short exposure) has jumped to almost 40% from 33% a few months ago. These were the same funds that were aggressively buying into names like Nvidia and AMD earlier this year.
Where Are We Now?
Markets have pulled back sharply in the past week. In this segment, we'll recap some of the key data points behind the selloff and what to watch out for.Yields have been a major pain point for markets. The US 10-year yield recently pushed above 4.50% for the first time since 2007. This move is more than just higher-for-longer.
The US is issuing over US$10 billion per day in treasuries to cover their deficit spending. This is effectively flooding the bond market with supply, driving bond prices lower and yields higher.
US 10-year yield chart (Source: TradingView)
Positioning in the US market is extremely one sided now. Put option activity for the Nasdaq 100 has surged to its highest level since December 2021, with all long positions unwound.Hedge funds short exposure (as a % of total short US tech short exposure) has jumped to almost 40% from 33% a few months ago. These were the same funds that were aggressively buying into names like Nvidia and AMD earlier this year.
The S&P 500 has undercut its channel support and trading close to both the 200-day moving average (blue) and a longstanding trendline that goes back to October 2022. This weakness has pushed market breadth to the lowest level since May, so things aren't exactly very strong beneath the hood.
S&P 500 daily chart (Source: TradingView)
The bearishness has flushed sentiment with CNN's Fear & Greed Index falling close to 'Extreme Fear' levels. We haven't seen these levels since mid-March, which was when the S&P 500 bottomed after a 9.2% pullback from February highs.Source: CNN
From a technical perspective, the ASX 200 is staring at two key levels: 7,000 (which was also the mid-July low) and 6,900 (which was also the mid-March low).ASX 200 daily chart (Source: TradingView)
Major benchmarks (both US and Australia) are becoming increasingly oversold. This places the market in an awkward place where it can experience a short-term technical bounce (which took place for the ASX 200 last Friday where it finished 0.05% higher from a session low of -1.5%). But current macro conditions may not necessarily allow for anything more than a bounce. Let's see if the market's can muster up some resilience ahead of the seasonally stronger month of Octobe
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but most days tempts me to buy a morsel of something ( which i sometimes resist )
( one reason i don't totally hate short-sellers , they sometimes bring me a glimpse of opportunity )
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now is this the worst of the downturn or a prelude to October ??
the perma-bears see several dramas coming to fruition in October , are they correct this time
Industry ETFs
Thu 28 Sep 23, 8:37am (AEST)| Description | Last | Chg % |
|---|---|---|
| Commodities | ||
| Steel | 64.9605 | +1.29% |
| Lithium & Battery Tech | 53.84 | +0.19% |
| Uranium | 27.15 | -0.18% |
| Copper Miners | 35.4 | -0.56% |
| Strategic Metals | 64.42 | -0.82% |
| Silver | 20.7 | -1.24% |
| Gold Miners | 26.91 | -2.99% |
| Industrials | ||
| Construction | 50.29 | +0.98% |
| Aerospace & Defense | 106.39 | +0.94% |
| Global Jets | 16.9 | +0.30% |
| Agriculture | 21.61 | -0.28% |
| Healthcare | ||
| Biotechnology | 123.11 | +0.47% |
| Cannabis | 6.97 | -1.55% |
| Description | Last | Chg % |
|---|---|---|
| Cryptocurrency | ||
| Bitcoin | 13.47 | 0.00% |
| Renewables | ||
| Hydrogen | 7.38 | +1.23% |
| CleanTech | 10.82 | +0.84% |
| Solar | 51.68 | -0.12% |
| Technology | ||
| Robotics & AI | 24.41 | +1.20% |
| Cybersecurity | 24.02 | +1.01% |
| Semiconductor | 463.36 | +0.88% |
| E-commerce | 17.79 | +0.79% |
| Video Games/eSports | 50.9 | +0.71% |
| Cloud Computing | 18.55 | +0.71% |
| Electric Vehicles | 23.15 | +0.56% |
| Sports Betting/Gaming | 15.9285 | +0.40% |
| FinTech | 19.73 | +0.10% |
Key Events
ASX corporate actions occurring today:- Trading ex-div: There are 40 stocks trading ex-div today. See a full list here
- Dividends paid: There are 24 companies paying out dividends today. See a full list here
- Listing: Pioneer Lithium (PLN) at 11:00 am
- 11:30 am: Australia Retail Sales
- 10:00 pm: Germany Inflation
- 10:30 pm: US Q3 GDP
Market Breadth In Question
The percentage of S&P 500 stocks trading above their 200-day moving average is at multi-month lows.
Source: Barchart
While the percentage of S&P 500 stocks trading above their 50-day is now only 12%. The only times we've seen readings at such depressed levels was:- The market low of October 2022
- The Covid lows in 2020
- Taper tantrum in 2018
Another indicator (McClellan Oscillator chart below) suggests the S&P 500 is - temporarily at least - oversold. So while there may be some window dressing for the end of the month/quarter, any bounce may be short-lived. And as for any further sell-down .... well, good luck.
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