- Joined
- 7 September 2009
- Posts
- 25
- Reactions
- 0
Re: XAO Analysis
or is that the Down Jones..?
or is that the Down Jones..?
XAO Banter Thread
- Thread starter clayton4115
- Start date
- Joined
- 11 September 2008
- Posts
- 844
- Reactions
- 0
Most US indices, FTSE are at 52 week highs. XAO are 100pts + away from that and have managed to put on a megre .5% gain today. Will we play catch up at some point? Seems to be very little conviction in the XAO at the moment.
The dividend run up has started already in the banks however. At least this sector seems to be going through an impulsive trend.
The dividend run up has started already in the banks however. At least this sector seems to be going through an impulsive trend.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
The djia seems determined to crash through 11,000 points. The recent run up on moderate volumes has been unable to break through this resistance level but the market, at this stage, seems to be reluctant to fall away.
It appears that as soon as there is a whisper of further slowing of unemployment, combined with news of increased consumer spending (confidence) and an increase in homebuying/building, the djia may get the lift in volumes to surge through the 11,000 mark.
Whether it can sustain that level and go higher is another story.
It appears that as soon as there is a whisper of further slowing of unemployment, combined with news of increased consumer spending (confidence) and an increase in homebuying/building, the djia may get the lift in volumes to surge through the 11,000 mark.
Whether it can sustain that level and go higher is another story.
Attachments
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
- Joined
- 7 September 2009
- Posts
- 25
- Reactions
- 0
The djia appears determined to reach the 11 said:Yes, that is correct.
- Joined
- 10 August 2008
- Posts
- 2,136
- Reactions
- 315
Yes, that is correct.
Considering it's had a pretty good run another flogging wouldn't be out of line.
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
With commods like Oil,
And indexes in Asia like Korea,
And risk Currencies like AUDJPY,
All breaking out I wouldn't be to keen on shorting here. Especially if we can hold these levels this week. That will set up for a run higher through the rest of April or at least to push offside a good amount of those that have been fighting this rally.
The only thing that looks weak here is China. Which could put in another lower high on any rollover but the rest will likely offer a good long entry on a bit of consolidation.
And indexes in Asia like Korea,
And risk Currencies like AUDJPY,
All breaking out I wouldn't be to keen on shorting here. Especially if we can hold these levels this week. That will set up for a run higher through the rest of April or at least to push offside a good amount of those that have been fighting this rally.
The only thing that looks weak here is China. Which could put in another lower high on any rollover but the rest will likely offer a good long entry on a bit of consolidation.
Attachments
Can't see it - too much good data out there. Expect many of those who have been hanging back will hop on board now. Bull run to reassert through to 5200-5300 by mid year before we pause again. Data to beat fears.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
Hope you are right. It seems like good news all over.
I think China is headed towards a bubble but will it pop next week or in the next 2 years?
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
NEW YORK (MarketWatch) -- U.S. stocks turned higher Thursday as upbeat housing data led to a rally in the shares of home builders and with technology rebounding from earlier weakness ahead of results from online retailer Amazon.com Inc. and software giant Microsoft Corp.
"It has paid to buy these pullbacks, since the market has done pretty well," Kevin Kruszenski, national director of equity trading at KeyBanc Capital Markets, said of the stock market performance, which as of Tuesday's close had the S&P 500 Index up more than 78% from its March 2009 low and ahead 8% so far this year.
The market has climbed in a near-straight line up since early February, prompting even the most bullish of observers to say stocks had gotten ahead of themselves and a correction is in order.
After falling more than 100 points, the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 11,135, +9.68, +0.09%) finished up 9.37 points, or 0.1%, at 11,134.29. It was the fourth straight session of gains for the blue-chip average.
Cut and pasted (with thanks) from Wall Street Journal - Market Watch.
"It has paid to buy these pullbacks, since the market has done pretty well," Kevin Kruszenski, national director of equity trading at KeyBanc Capital Markets, said of the stock market performance, which as of Tuesday's close had the S&P 500 Index up more than 78% from its March 2009 low and ahead 8% so far this year.
The market has climbed in a near-straight line up since early February, prompting even the most bullish of observers to say stocks had gotten ahead of themselves and a correction is in order.
After falling more than 100 points, the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 11,135, +9.68, +0.09%) finished up 9.37 points, or 0.1%, at 11,134.29. It was the fourth straight session of gains for the blue-chip average.
Cut and pasted (with thanks) from Wall Street Journal - Market Watch.
- Joined
- 6 June 2008
- Posts
- 62
- Reactions
- 0
All Ordinaries and ASX
As a watcher of the ALL ORDINARIES [XAO] I notice that just before 11.00 today it wasn't travelling too bad then something must have happened, an announcement or something else. Any clues.
As a watcher of the ALL ORDINARIES [XAO] I notice that just before 11.00 today it wasn't travelling too bad then something must have happened, an announcement or something else. Any clues.
doogie_goes_off
disbelieve if you can
- Joined
- 27 February 2007
- Posts
- 655
- Reactions
- 31
Re: All Ordinaries and ASX
From Yahoo Finance:
The top banks all fell after Australia and New Zealand Banking Group (ASX: ANZ.ax) warned of funding pressures and the risk of stress on banks from Europe's debt woes.
May relate to this ?? Nab took a big hit around that time.
Agree there's a definite break in the graph, not sure of the cause though.
From Yahoo Finance:
The top banks all fell after Australia and New Zealand Banking Group (ASX: ANZ.ax) warned of funding pressures and the risk of stress on banks from Europe's debt woes.
May relate to this ?? Nab took a big hit around that time.
Agree there's a definite break in the graph, not sure of the cause though.
- Joined
- 9 April 2010
- Posts
- 174
- Reactions
- 3
Re: All Ordinaries and ASX
I think the banks decided to follow the miners when ANZ failed to impress the investors.
I suggest you also monitor XJO (more important than XAO imo), also the XFJ and XMM.
I think the banks decided to follow the miners when ANZ failed to impress the investors.
I suggest you also monitor XJO (more important than XAO imo), also the XFJ and XMM.
- Joined
- 10 August 2008
- Posts
- 2,136
- Reactions
- 315
With this silly super tax that has been slapped on the miners as part of the tax re-election scheme combined with the euro crises, this week is looking pretty shaky, wouldn't suprise me to see 4600 by Friday.
Anyone else got the jitters ?
Anyone else got the jitters ?
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
The European Union and the IMF have handed Greece the bailout package and it is now up to Greece to make it work. This was completed over the wekend after the various markets closed down on fears the bailout package wasn't going to eventuate. Those markets will probably rebound, somewhat, when they open later tonight.
Now they will need to liaise with Portugal, Ireland, Italy and Spain. Then when they get that lot on the road to recovery they might be able to look at Britian. lol
No doubt the xao will dip today, particularly recources. How far it goes will be interesting to see.
Now they will need to liaise with Portugal, Ireland, Italy and Spain. Then when they get that lot on the road to recovery they might be able to look at Britian. lol
No doubt the xao will dip today, particularly recources. How far it goes will be interesting to see.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
An explanation of the downward spike on the djia on Thursday night from CNN Money.com. The fall on the djia and nasdaq continued last night and i suspect the xao will continue below the 4500 support levels on Monday. At what point does this become more than a correction?
NEW YORK (CNNMoney.com) -- After one of the most wild days on Wall Street, Nasdaq canceled trades of 296 stocks whose prices fluctuated the most.
At around 2:45 p.m. ET on Thursday, trades of a number of stocks listed on the New York Stock Exchange were slowed for about a minute due to excessive volatility. During that short time, those stocks were opened up to electronic markets like the Nasdaq.
That's when at least 296 stock prices saw enormous price changes. Nasdaq has said it will cancel all trades that were executed between 2 p.m. and 3 p.m. ET, in which the stock price traded more than than 60% off of the stock's price at 2:40 p.m. (See the 296 stocks for a list of the stocks with canceled trades.)
Nasdaq coordinated the cancellations with other U.S. stock exchanges, and said the decision could not be appealed.
Around the same time that many stocks began to trade at strange prices, nearly every stock on the market began to rapidly sell off. The Dow Jones industrial average, which had been down about 400 points just before 2:45 p.m., plunged nearly 1,000 points in a matter of minutes.
It is still unknown who -- or what -- exactly triggered the massive sell-off and why a number of stocks that were trading at $40 or $50 a share fell momentarily to just a penny.
Many believe that the glitch was triggered by a series of events that began when the NYSE slowed down trading of a number of stocks, including Procter & Gamble.
Shares of P&G fell 10% at around 2:45 p.m. Thursday, at which point the stock hit what's known as a "circuit breaker." The stock stopped trading on the NYSE for 80 seconds, and trades opened up on a number of competitors' electronic exchanges.
But the circuit breaker mechanism that was designed to cool traders' heads had the opposite effect: The slowed trading occurred at a time that investors were growing increasingly worried about Greece's debt issues and other economic factors. The Dow, which was already down about 200 points at the time, quickly dropped about another 200 points in the 15 minutes between 2:30 p.m. and 2:45 p.m.
"The problem is that when [the NYSE] slowed down, it effectively took their traders out of the market at a time when everyone else wanted to sell," said James Angel, a professor of finance at Georgetown University.
In other words, when the NYSE paused its trading, the off-exchange computers found no bids, or offers to buy. The computers, which were looking for the best bid, were tripped up to believe the best bid was $0. The high-speed trading computers are designed to add a penny to each trade to make a commission on every deal, so the computers placed bets at a penny higher, or 1 cent.
"Sell orders became desperate and went straight to their competitors' exchanges, which weren't slowed down," said Angel. "Since there were no other buyers, some computers had entered orders at a penny, so some stocks traded all the way down."
Duncan Niederauer, chief executive of NYSE Euronext similarly told CNNMoney on Thursday that stocks are very thinly traded in such situations, which can lead to wild volatility. Even though many of the trades never actually went through, even an unclaimed buy or sell order could have brought the stocks' prices down to a penny.
Seeing stocks at such a low level triggered a momentary panic.
Accenture (ACN) fell from $40.13 at 2:45 p.m. all the way to just 1 cent before quickly rising back to $39.57.
Sam Adams maker Boston Beer Co. (SAM) also fell to a penny before recovering to $55.82.
Oxford Industries (OXM) tanked to $1.34 before soaring back to $19.51 a minute later.
But some other wild trades were not canceled by Nasdaq. For instance, Apple (AAPL, Fortune 500) traded down 22% to $199.25 before recovering, but those trades were upheld.
Most notably, Nasdaq did not cancel trades of Procter & Gamble (PG, Fortune 500) or 3M (MMM, Fortune 500), which momentarily fell 37% and 22%, respectively.
Both are components of the Dow, and their combined drop in price at around 2:45 contributed a loss 315 points to the Dow index. The Dow fell nearly 1,000 points before storming back to finish the day down 348 points.
NEW YORK (CNNMoney.com) -- After one of the most wild days on Wall Street, Nasdaq canceled trades of 296 stocks whose prices fluctuated the most.
At around 2:45 p.m. ET on Thursday, trades of a number of stocks listed on the New York Stock Exchange were slowed for about a minute due to excessive volatility. During that short time, those stocks were opened up to electronic markets like the Nasdaq.
That's when at least 296 stock prices saw enormous price changes. Nasdaq has said it will cancel all trades that were executed between 2 p.m. and 3 p.m. ET, in which the stock price traded more than than 60% off of the stock's price at 2:40 p.m. (See the 296 stocks for a list of the stocks with canceled trades.)
Nasdaq coordinated the cancellations with other U.S. stock exchanges, and said the decision could not be appealed.
Around the same time that many stocks began to trade at strange prices, nearly every stock on the market began to rapidly sell off. The Dow Jones industrial average, which had been down about 400 points just before 2:45 p.m., plunged nearly 1,000 points in a matter of minutes.
It is still unknown who -- or what -- exactly triggered the massive sell-off and why a number of stocks that were trading at $40 or $50 a share fell momentarily to just a penny.
Many believe that the glitch was triggered by a series of events that began when the NYSE slowed down trading of a number of stocks, including Procter & Gamble.
Shares of P&G fell 10% at around 2:45 p.m. Thursday, at which point the stock hit what's known as a "circuit breaker." The stock stopped trading on the NYSE for 80 seconds, and trades opened up on a number of competitors' electronic exchanges.
But the circuit breaker mechanism that was designed to cool traders' heads had the opposite effect: The slowed trading occurred at a time that investors were growing increasingly worried about Greece's debt issues and other economic factors. The Dow, which was already down about 200 points at the time, quickly dropped about another 200 points in the 15 minutes between 2:30 p.m. and 2:45 p.m.
"The problem is that when [the NYSE] slowed down, it effectively took their traders out of the market at a time when everyone else wanted to sell," said James Angel, a professor of finance at Georgetown University.
In other words, when the NYSE paused its trading, the off-exchange computers found no bids, or offers to buy. The computers, which were looking for the best bid, were tripped up to believe the best bid was $0. The high-speed trading computers are designed to add a penny to each trade to make a commission on every deal, so the computers placed bets at a penny higher, or 1 cent.
"Sell orders became desperate and went straight to their competitors' exchanges, which weren't slowed down," said Angel. "Since there were no other buyers, some computers had entered orders at a penny, so some stocks traded all the way down."
Duncan Niederauer, chief executive of NYSE Euronext similarly told CNNMoney on Thursday that stocks are very thinly traded in such situations, which can lead to wild volatility. Even though many of the trades never actually went through, even an unclaimed buy or sell order could have brought the stocks' prices down to a penny.
Seeing stocks at such a low level triggered a momentary panic.
Accenture (ACN) fell from $40.13 at 2:45 p.m. all the way to just 1 cent before quickly rising back to $39.57.
Sam Adams maker Boston Beer Co. (SAM) also fell to a penny before recovering to $55.82.
Oxford Industries (OXM) tanked to $1.34 before soaring back to $19.51 a minute later.
But some other wild trades were not canceled by Nasdaq. For instance, Apple (AAPL, Fortune 500) traded down 22% to $199.25 before recovering, but those trades were upheld.
Most notably, Nasdaq did not cancel trades of Procter & Gamble (PG, Fortune 500) or 3M (MMM, Fortune 500), which momentarily fell 37% and 22%, respectively.
Both are components of the Dow, and their combined drop in price at around 2:45 contributed a loss 315 points to the Dow index. The Dow fell nearly 1,000 points before storming back to finish the day down 348 points.
- Joined
- 11 September 2008
- Posts
- 844
- Reactions
- 0
S&P futures up 4.25% currently. If that holds until the open we could see one really big short squeeze tonight. Volumes have been very large the last few days, there would be a lot of shorters to squeeze.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
XAO up 116, I think it is safe to say that today they got squeezed. If Europe and the USA rebound tonight it would be reasonable to expect that tomorrow they will pop.
- Joined
- 1 May 2007
- Posts
- 2,904
- Reactions
- 52
Already a fair bit of squeezing today and Fri, imo new shorts gonna enter tomorrow. Gap up and fade probably. (assuming the US squeezes up tonite)
Similar threads
