XAO Banter Thread

[Wysiwyg]

Most of my XAO watchlist were in the red today but less than one percent on low volume. Hmmm.

 

[craft]

The last time there was anything approaching momentum in this market it was late 2016. It has been stuck since. If you look at the underlying breadth there seems to be no standout pattern. It doesn't look like distribution or accumulation, more like disinterest!!

View attachment 71988

My preferred pattern here is..... same. Slight moves to the edges then a rescue day back into the same old Meh! area.

What.


Just a single box. Only 2 colours! What sort of analysis is that.


This plainly won’t do. You are short at least 5 colours, 30 vertical lines, 10, horizontal and a bunch of diagonals. Where are the letters? And the ratios to 16 decimal places. What about the averages even a simple one would do. What about indicators?- There’s thirty thousand you could have used and your too lazy to even give us one. Drawing tools – you know we have drawing tools – just one flag or H&S would that be too much to ask?


Ohh wait – A bored baby picture!!! Distinction!!!!


If only you used a bored cat it could have been the best chart on the internet ever.

 

[craft]

BORING and very difficult for those with
longer time horizons to turn a quid.

I thought the bantar thread was for trolling - so I'll bite the bait here.

Actually, no I won’t.

Those that get it – already get it. Those that don’t – futile.

Needing instant gratification either psychologically or economically must be so constraining that it makes some paths unimaginable to some people.

 

[notting]

Dr Copper, the grand macro physician, is telling us, 'all is actually very well!'
OZ, BHP and SFR doing very nicely.
The world is jumping in -
6000 on the way!?

 

[notting]

strong AU$ and mining stocks going strong.
Spells infrastructure spending in China.

 

[greggles]

Looks like we're in for another boring day on the ASX.

http://www.thebull.com.au/articles/a/68586-australian-shares-are-set-to-open-flat.html

 

[Wysiwyg]

Money exiting at range bound resistance again. Element of fear in the ASX for some reason.

 

[notting]

You had a reversal in the rise of the AUD which would have got internationals cashing in.
You have earnings season starting which is bringing more short lived volatility than ever these days so people getting out in front of that to set up for opportunities.
And of course Amazon the big deal these days disappointing a bit last night making many call the end to the Trump bump.

 

[Wysiwyg]

Yes although for ASX200 around 5800 points is a pschological zone where > 8 times in the last 7 months it has turned down from. Hard to believe this area is the top 200 index fundamentally over valued.

 

[Toyota Lexcen]

surely there is something wrong with the australian securities market when you see companies like TRansurban report numbers and the market forces it down

increase profit, increase dividend

Then you get IOOF rising with its results, CBA will be eagerly watched today and I am confident it will deliver a solid result but will it go up or down

 

[Wysiwyg]

surely there is something wrong with the australian securities market

Stil short term profit taking domination and longer term absorption going on.

 

[Wysiwyg]

Traders still jumping like fleas from a camel's back and buyers stepping up to accept but that is how platforms are formed. Not concerned about general price action.

 

[Logique]

surely there is something wrong with the australian securities market when you see companies like TRansurban report numbers and the market forces it down
increase profit, increase dividend
Then you get IOOF rising with its results, CBA will be eagerly watched today and I am confident it will deliver a solid result but will it go up or down

Indeed Toyota Lexcen and Wysiwyg.

Not sure I can remember a more perplexing XAO. Volatility, traders love, but this..what is this..

 

[MrChow]

Isn't identifying undervalued stocks a good thing?

 

[Wysiwyg]

Invitation to break out of range this coming trading day. Be nice to see the bears get run over and left behind.

 

[notting]

This is a weekly chart of a major US retail etf (note it has no Amazon) -




Seems somewhat contrarian to the talking heads and press

 

[skc]

This is a weekly chart of a major US retail etf (note it has no Amazon) -

Seems somewhat contrarian to the talking heads and press

This is consumer stables... the talking heads and press are talking about discretionary retailers and malls. They are pretty different.

 

[dutchie]

The XAO will crash, like other world markets, when the US markets crash.

This will eventually happen and Trump will be blamed. Not because he had any thing to do with it (the seeds have already been sown well before he became President) but because of other reasons that the general punter does not understand.

 

[Smurf1976]

The XAO will crash, like other world markets, when the US markets crash.

This will eventually happen and Trump will be blamed. Not because he had any thing to do with it (the seeds have already been sown well before he became President) but because of other reasons that the general punter does not understand.

Strongly agreed hence why I tend to pay more attention to the US market indices than local ones.

Three up stages in a bull market and the US is now in the third stage pretty clearly.

Easy money fueled the boom but the Fed is now tightening not just through higher interest rates but through upcoming balance sheet reduction as well.

Pick a measure, any measure you like or even invent one, and compared to the past century you'll find that the US markets are in the top 2 or 3 valuations in that period exceeded only by 2000 and/or 1929 depending on which measures you pick.

And so on. There's trouble ahead in my view with the only question being the detail of what form it takes.

 

[MrChow]

Wasn't a similar thing said though when QE3 finished back in 2014 I think?