XAO Banter Thread

[Joules MM1]

Anyone knows if the rba is purchasing stocks, the XAO makes no sense today except if the RBA was involved.
One would have to be deranged to gamble on a local market rise before this night's action in the US imho

mutual funds monday, first of the month
managers mixed tape ........

rba ? ......wut ?

 

[gartley]

No , it's just that the Australian economy has bounced back (unlike many other economies which are covid ravaged) and there is a lot of interest in our economy internationally as a safe place, hence the rising currency.

Also it is risk on for Super investors who will be switching out of cash.
Also it is a Monday, the ASX often rises Monday.

There is a lot of money about, hence inflation risk. Once we bring back the students and immigration the economy is going to be running hot.
Look at the latest sharp rises in the property sector for evidence.

The AUDUSD is just following the SPX (sometimes feels like It's all the same market) and also rising on the back of USD weakness not because our economy is so great.....
The markets just do their own thing and we just gotta stay in tune with them.

 

[over9k]

Yeah, the exchange rate run has really slaughtered my returns

 

[qldfrog]

mutual funds monday, first of the month
managers mixed tape ........

rba ? ......wut ?

In that case, this should have happened last friday in oz, us market was not good friday, if it falls tonight asx is down tomorrow.
And no real neews that matter so if you are a gambler, gamble last friday, not today
Obviously us can jump back tonight and people say, told you so.but in term of odds, buying higher today on the asx than friday made no sense.anyway why do i want for it to make sense
Very seriously, has the reserve bank of Australia started buying stocks?
BOJ, US Feds are doing it and maybe EU reserve bank.not sure on the later.

 

[Joules MM1]

In that case, this should have happened last friday in oz, us market was not good friday, if it falls tonight asx is down tomorrow.
And no real neews that matter so if you are a gambler, gamble last friday, not today
Obviously us can jump back tonight and people say, told you so.but in term of odds, buying higher today on the asx than friday made no sense.anyway why do i want for it to make sense
Very seriously, has the reserve bank of Australia started buying stocks?
BOJ, US Feds are doing it and maybe EU reserve bank.not sure on the later.

always a challenge when your "reasoning" doesnt match what's transacting in the auction(s)

 

[qldfrog]

always a challenge when your "reasoning" doesnt match what's transacting in the auction(s)

Not really , the people who bought yesterday lost 2pc vs buying last friday
If you change your mind in 3 days without any fact change, that's not reasoning but gambling.
Anyone can gamble.
And statistically you will get screwed if you behave that way in the long term ?

 

[Garpal Gumnut]

XAO is down today quite a bit, last time I looked 1.9%. My SMSF ASX portfolio did better, should say didn't lose significantly as much.

It's the only reason I look at the XAO, for a comparo.

gg

 

[peter2]

I'm having a tough time identifying good risk/reward opportunities in the XAO at the moment. If you don't already have a stack of lithium stocks then you're too late now. Otherwise, pickings are slim.

This is normally a bullish time for stocks leading into Christmas. I'm bullish but there's not many setting up for me. I'm not going to gamble on third rate stocks and risk the good start I've made in the current FY.

Hells, bells, looks like I might have to do some gardening and get some sunshine.

 

[Garpal Gumnut]

I'm having a tough time identifying good risk/reward opportunities in the XAO at the moment. If you don't already have a stack of lithium stocks then you're too late now. Otherwise, pickings are slim.

This is normally a bullish time for stocks leading into Christmas. I'm bullish but there's not many setting up for me. I'm not going to gamble on third rate stocks and risk the good start I've made in the current FY.

Hells, bells, looks like I might have to do some gardening and get some sunshine.

Thanks @peter2 .

Today as I was following the markets, I was thinking as you were back in November 2021.

The XAO may continue to climb. I am set in it, and will continue to review. I will not be a buyer though as I see no value nor profit at present prices.

gg

 

[Garpal Gumnut]

Just a quick squizz at my SMSF portfolio.

It looks as if it will be in the immortal words taught on the first day at the Police Academy.

"Nothing to see here ladies and gents, move on."

Oilers and Gold up.

Others flat or down.

It looks as if it will be a 12.30am alarm wakeup for me tomorrow am to follow New Yawk.

gg

 

[Dona Ferentes]

Oilers and Gold up.

Others flat or down.

gg

You will know that global food prices are soaring.
You will also know that we have shortages of everything.

In fact veteran Goldman Sachs commodities analyst, Jeff Currie, made this statement this week.

“I’ve been doing this 30 years and I’ve never seen markets like this. This is a molecule crisis. We’re out of everything, I don’t care if its oil, gas, coal, copper, aluminium, you name it we’re out of it.”

 

[Sean K]

You will know that global food prices are soaring.
You will also know that we have shortages of everything.

In fact veteran Goldman Sachs commodities analyst, Jeff Currie, made this statement this week.

Commodities super cycle may have just begun.

 

[Garpal Gumnut]

I am always suspicious when I see a sea of green in the XAO.

Who am I to argue though.

gg

 

[peter2]

What's going on in this crazy market. All my favourite trading stocks are going down. I tried buying a couple of dips but have swallowed losses. There's nothing much on my radar at the moment. The XAO would be much weaker but the banks are holding it up.

It seems patience is required now. Prices will eventually get to a level that will induce more demand. Waiting is hard.

Edit: Prices in our fav commodities are falling, gold, silver, copper, zinc, nickel has settled. Even the huge prices paid for the recent PLS lithium auction didn't illicit any demand.

 

[eskys]

Only one night to wait and we will know the decision on interest rates tomorrow morning, Peter. Appears that everyone is waiting for this ......... lost my way few weeks ago, finding it difficult to trade, so did nothing. Two that seems to be holding on my watchlist are BXB and GNC, hold neither. Sold the latter yesterday, a quick pickup and dump, got away with some peanuts........trading is difficult these days, thought I'm the only one........I need patience now

 

[peter2]

Today's arvo scan only had one result. One! I've never seen so few. The one was OML, and SSM again but triggered yesterday.

Looking through the lower value scan (EMA (Value traded , 10day) <1.5M: Only six results.
MTC: Bonanza gold intersection
AR1 (mthly comp selection from @Dona Ferentes ), HCD, ICT, NET (too late now), VTG (interesting)

Edit: Micro volume scan (EMA (value traded 10d) 25K - 100K : No results, none!

The market has gone deathly quiet.

 

[Dona Ferentes]

Today's arvo scan only had one result. One! I've never seen so few. The one was OML, and SSM again but triggered yesterday.

Looking through the lower value scan (EMA (Value traded , 10day) <1.5M: Only six results.
MTC: Bonanza gold intersection
AR1 (mthly comp selection from @Dona Ferentes ), HCD, ICT, NET (too late now), VTG (interesting)

OMG is featuring frequently, in the current market!

 

[eskys]

Omg is when I shait my pants, haha

 

[over9k]

What's going on in this crazy market. All my favourite trading stocks are going down. I tried buying a couple of dips but have swallowed losses. There's nothing much on my radar at the moment. The XAO would be much weaker but the banks are holding it up.

It seems patience is required now. Prices will eventually get to a level that will induce more demand. Waiting is hard.

Edit: Prices in our fav commodities are falling, gold, silver, copper, zinc, nickel has settled. Even the huge prices paid for the recent PLS lithium auction didn't illicit any demand.

Coal miners that supply china are a good play for when their lockdowns lift. I have WHC, BHP, YAL on the watchlist.

 

[peter2]

Even OMG on the LSE has lost 33% recently. Times are tough.
Watching Aussie Gold Hunters and Opal Hunters shows me that we're so lucky to be traders. We don't have to go digging underground or prospect in 40 degree heat while finding nothing.