XAO Banter Thread

[Joules MM1]

DJIA up 428 points, XAO down 14 points. What's going on here?

 

[notting]

View attachment 86940

I think we're turning Chinese
I think we're turning Chinese
I really think so.......

 

[InsvestoBoy]

DJIA up 428 points, XAO down 14 points. What's going on here?

xao/xjo breathing while the overnight futes are off ....$spx cash closed 55's currently printing 42's (cash implied equiv)

Huh?

Isn't the correct answer a lot simpler?

Firstly, DJIA is a very concentrated, price weighted index 30 of the largest companies in the world. XAO is a much broader, market cap weighted index of 500 ASX listed companies that even the largest of are comparatively tiny.

So what moves one is not necessarily going to move the other.

Secondly, you're comparing a USD priced index vs AUD one, using points instead of %. Of course the relative performance will seem skewed through that lens.

So in reality, the DJIA was up 1.79% close on close and EWA (the NYSE listed iShares Australia ETF which tracks MSCI Australia index), was up an unsurprising 1.81% in the same session.

 

[Joules MM1]

Huh?

Isn't the correct answer a lot simpler?

Firstly, DJIA is a very concentrated, price weighted index 30 of the largest companies in the world. XAO is a much broader, market cap weighted index of 500 ASX listed companies that even the largest of are comparatively tiny.

So what moves one is not necessarily going to move the other.

Secondly, you're comparing a USD priced index vs AUD one, using points instead of %. Of course the relative performance will seem skewed through that lens.

So in reality, the DJIA was up 1.79% close on close and EWA (the NYSE listed iShares Australia ETF which tracks MSCI Australia index), was up an unsurprising 1.81% in the same session.

lol, the second post in reply is only to show leadership and not about % as an absolute, % are taken from a single focal point and do not allow for fx n such

you quite correct ....in isolation..

all indexes either lead or lag simply because there is more than one, indexes are an expression of expansion or contraction

 

[Joules MM1]

raided the low, bids are in ....bots couldnt kill the jo5800?

 

[Joules MM1]

news that fits a trend: $5BB AUD to fit railway for Melbourne - Tullermarine

https://www.theguardian.com/austral...n-for-melbourne-airport-rail-link?CMP=soc_568

 

[notting]

10B as the state has agreed to match it after winning an election saying they would can it.

 

[MrChow]

Research the US market since 1900 - there's a 35% chance you didn't beat inflation (even including dividends) if you invested for any given 10 year period.

With a flat XAO since 2008 - the market still beat inflation due to dividends.

If the US Market mirrors the XAO that means there's a 1 in 3 chance the next decade will be worse.

 

[greggles]

The XAO has been on a nice uptrend for the last few weeks. Will it continue this week or are we headed back down? 6000 seems elusive.

 

[MrChow]

I'm very bullish for the next 12-18 months as the end of cycles tend to increase in velocity if anything.

 

[gartley]

I'm very bullish for the next 12-18 months as the end of cycles tend to increase in velocity if anything.

Not sure about ASX for next 12 months but other world indices look like they ready to break down quite heavily from here. We should know by next week if SP500 and DJIA break up or down from current triangle patterns. My 2c worth: down as long term cycles pointed very hard down.

In the short to medium term ASX200 has more than a number of very important Fibonacci and Lucas timing points coming together today. This may only be a "stall" to the good uptrend we have had for the last number of weeks, but it also might be something more significant. ASX200 has diverged from other world indices last 2 weeks. Either it will turn down and join them or they will join the ASX to the upside sooner or later.

Either way, it's gonna be a very crucial juncture the next few weeks.

https://invst.ly/7cec7

 

[InsvestoBoy]

I sold a lot of my stock holdings today. Now sitting on less than $5000 in equities.

Will consider buying back when more attractive long term valuations present themselves.

 

[Modest]

Just entered Shorted ASX200 at 6122 Target 6020ish into US Open. Tight leash on this one

 

[Modest]

The hoop is the target

 

[Modest]

Just do it already!

 

[Modest]

She's slowly tipping over, getting bit heavy. Here is the line that needs to hold (red)- if it can hold should be the final kick in the bidders guts before a puke to my 6020ish target

 

[greggles]

Nice run up from 5,840 to 6,250 over the last six weeks but it's starting to look like a double top formation to me. We're heading down today so it looks like the XAO might have run out of juice for now.

 

[CanOz]

Unemployment rate due out today....

 

[greggles]

Unemployment rate due out today....

Unemployment rate steady at 5.5% and labour force participation at its highest since 1978. XAO not showing much of a reaction to the news.

https://au.investing.com/news/econo...-labour-force-participation-continues-1135179

 

[Modest]

She's slowly tipping over, getting bit heavy. Here is the line that needs to hold (red)- if it can hold should be the final kick in the bidders guts before a puke to my 6020ish target

Held like an absolute rock: