Australian (ASX) Stock Market Forum

Our whole market is just a churn fest I've decided.

J, looks as though it's the defensive stocks and the yield plays getting short covered on the back of CPI. Noting that the price action is very bullish on the index short term low in place?
 
It's almost as if Wall Street wanted to gatecrash President Trump's first State of the Union address.

The XAO, although not as technically extended as the Dow and NASDAQ, nonetheless shrugged it off.

The US market indices, technically - unprecedented in recent history, unless you go back to the days of dotcom boom. It's a wall of worry now. But on the other hand - right now, where else are you going to make a dollar?

Marcus Padley in the Aust papers today - mate you didn't re-enter late last year, when so many did take the punt. Deal with it.
 
Our whole market is just a churn fest I've decided.

J, looks as though it's the defensive stocks and the yield plays getting short covered on the back of CPI. Noting that the price action is very bullish on the index short term low in place?

xjo/xao still prone to getting smashed as the zone is pretty wide and the bids can dry up pdq without effecting the larger trend ...nothing set.....and note at the low this morning the cfd asx200 were sbu 50% longs, a good set for at least a short term rotation
 
Yes J I'm seeing it the same - internal rotation apart of conceptually a larger term meh bull trend. Can't see the animal spirits in our market.
 
front month cfd contract shorts just shot up 12% to 71% sells 'all clients' (29% longs)
:bored: .....retail....only insurance hedging, huh! :bucktooth:
 
What if I told you I knew it was going to dump the day I targeted 6125 (2 days ago)?


What if it is all predetermined?
 
A sea of red after the open this morning. XAO down around 90 points.

Any bright (green) spots out there?
 
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