XAO Banter Thread

[Joules MM1]

was yesterdays move a little fake-out for aus indexes, maybe a little blow offish ?

 

[Toyota Lexcen]

tomorrow will be average as well with NAB reporting, but it maybe a good thing that all 4 will have now reported, it can only be the financials to drive the index

but with ANZ still to cut final dividend this doubt is going to linger with the XAO

up and down 4800-5400 bound

 

[Joules MM1]

.....it can only be the financials to drive the index

but with ANZ still to cut final dividend this doubt is going to linger with the XAO

...

 

[Gringotts Bank]

I don't remember markets being this chaotic for a long time. All over the bloody shop the last 3 days.

If it ranges without too much whipsawing, that would be good. Up tomorrow?

 

[Toyota Lexcen]

3 months of the XAO doing well over the XXJ (feb-april), be interesting to see where it goes from here

whats going to take it over 5300-5400?

 

[Toyota Lexcen]

I don't remember markets being this chaotic for a long time. All over the bloody shop the last 3 days.

If it ranges without too much whipsawing, that would be good. Up tomorrow?

yes its very frustrating GB, XAO has gone nowhere for 8-9yrs? people who survived the GFC would now be scratching their heads wondering what is going on

 

[Joules MM1]

3 months of the XAO doing well over the XXJ (feb-april), be interesting to see where it goes from here

whats going to take it over 5300-5400?

maybe follow the small ords ($XSO) , when the day is red or indecisive look to see if the small ords is leading the way.......even for allowing the current hit-up by $XGD and cupla components within the small ords the flying 20 within is suggesting speculative money is well at work in aus market typical of a bullish period

the comps within the xso are not within the xao ....in that respect it is worth watching the conv/divergence

#ideas

 

[Gringotts Bank]

I know it sounds extreme, but we're about to have a massive bull run or severe correction. Starting tomorrow. 4/5/16. All my indicators are going wild. Anyone else?

 

[CanOz]

I know it sounds extreme, but we're about to have a massive bull run or severe correction. Starting tomorrow. 4/5/16. All my indicators are going wild. Anyone else?

LOL...we're at a critical juncture....and today was a low volume retracement...like to see a rotational day in the US tonight

 

[skc]

In times of uncertainty....time to bring back the chick.

tomorrow will be average as well with NAB reporting, but it maybe a good thing that all 4 will have now reported, it can only be the financials to drive the index

but with ANZ still to cut final dividend this doubt is going to linger with the XAO

up and down 4800-5400 bound

Today's carnage is all in the resources (and Woolies). And to put things in perspective, this is the XMJ chart for 2016.

We went up from 6000 to ~8500 (+>40%) in the space of 3 months. Today's whack was about 1/5 of the move... so not insignificant but it only took us back to the level of about a week ago.

I'd be worried if the sell off continues tomorrow AND the financials get dragged into it. The NAB reporting will definitely be interesting. What's the bet that they are working overtime on their dividend payout policy?

 

[Gringotts Bank]

The avatar.

 

[kid hustlr]

Today's carnage is all in the resources (and Woolies). And to put things in perspective, this is the XMJ chart for 2016.

We went up from 6000 to ~8500 (+>40%) in the space of 3 months. Today's whack was about 1/5 of the move... so not insignificant but it only took us back to the level of about a week ago.

I'd be worried if the sell off continues tomorrow AND the financials get dragged into it. The NAB reporting will definitely be interesting. What's the bet that they are working overtime on their dividend payout policy?

Good points. Yesterday does kind of look like a blow off on the index but the underlying stocks held up pretty well in the main. If we get a broad based sell off today I think it adds weight to this being an interim top.

 

[notting]

LOL. Capitalism is working for Australia, what is everyone complaining about.?

America

 

[CanOz]

Got a nice tail on the SPI, can we push higher from here today? I'd like to see 5271 taken out with some volume. Fridays volume, according to the End of Day report, was 48624 contracts, almost as high as the day of the rate announcement....and we've got the tail. Should be bullish.

 

[CanOz]

Didn't even get to fill the gap....these guys wouldn't have a bar of it....

 

[CanOz]

HK is a drag....despite the divergence in the two markets, when HK is open, its still the boss.

 

[Wysiwyg]

Wow .... stocks ... new yearly highs, breakouts, near breakouts, new up trends evolving, uptrend continuations .... what a (blue sky) day.

 

[Logique]

Had a long hard look, trying to be bullish, but just can't get convinced. Oil price off the lows, big deal.

"Sell in May and go away" goes the old saying. Although we don't invest on basis of sayings.

Remaining defensive.

 

[CanOz]

My biggest issue with this rally is the lack of participation by Asia. It seems the HK Markets might finally see some good short covering today, that would help. The NK had a good day yesterday and the weaker Yen is helping. Shanghai is on the nose but no one seems to care at the moment. Korea might get a lift here too. Some more participation by the rest of Asia would give me more confidence in the rally.

The US is looking good, the Vix is dropping hard...but getting close again to support.

Maybe sell in June and go away

 

[Wysiwyg]

Profit taking as one could almost expect today. Have never been able to buy high, sell higher confidently because of the professional money sell offs although I know it works over the longer term.