Australian (ASX) Stock Market Forum

Bit of a mixed start to the week. Some up some down. Feely feely, up is the only way to go. :cautious:
 
is todays swing south the last day in this up-phase to get an etf bargain ?
today we can call a (Gary) Cohn job, he quit the protectionist shtick...despite that the markets want to head north
 
Cohen leaving is a big deal because he is seen as the guy holding the financials of the US together!!
These people resigning are hardly patriotic. If Trump is nuts they should stay and try to hold it together as much as they can.
The only reason they should resign is if Trump is about to be taken down and they don't want to be seen as part of the mess in their resume!
 
i guess on a strong downer like today it's easy to see i'm over keen longside spesh since eurozone indexes and US indexes appear to be in distribution mode, but, if commods kick off we should too regardless of those markets and thus far plenty of signals that commods have been in bid mode for a few weeks

2c guess
 
It amazes me that people don't think we've been in a trade war for about 50 years with China doing all the attacking. What more could they have done?
 
It amazes me that people don't think we've been in a trade war for about 50 years with China doing all the attacking. What more could they have done?
Australia running a trade surplus most of the time so trade wars, probably not.

china-balance-of-trade.pngchina-balance-of-trade.png
 
Australia is almost irrelevant and given we are the provider of raw materials and uncontaminated food to a country that has very little of those two essential products, it's completely the wrong thing you should be looking at.
Crown Casino would be a better example!

China Trade War.jpg
 
Amazing.
I'm talking about this - Crown's share of Melco's annual net profit plummeted by two-thirds in 2016 to $43 million following a corruption crackdown by Chinese authorities.
Where half the staff were arrested, locked and tormented in Jails until Packer offloaded his share to a Chinese c(nt for half the value it was trading at 6 months before.
Going there?
 
Amazingly positive news out of NK - halt to nuclear testing. Good win for the Trump camp if he completes a successful meeting.
 
persistently rising

..honkers back on the bid, US indexes still appear in distribution mode to me with new altime highs to complete a rotation
.....sp200 cfd overnight very bullish opening 6033's cash high 6026's after prev cash close 5963's
 
12 month XAO review just before market open. Set for another down day after a fall on US markets overnight. Probably won't slip too far today though.

big.chart.XAO.gif
 
12 month XAO review just before market open. Set for another down day after a fall on US markets overnight. Probably won't slip too far today though.

View attachment 86576
with the offer today
sp200 cfd opened at 62% retail longs and after the post-cash sell last night pretty clear that psycho swing meant i was going to be wrong side of the liquidity game today ....right now, retails are 71% long

looks like we're on our way to retest daily lows 5922-5800's

the dax/cac/uk 144 cycles have held those indexes down after impulsive sells and despite the bully moves in the $spx, since the big 11%+ swing south, they've not followed thru upside so that suggests they need to explore lower too
 
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