XAO Banter Thread

[InsvestoBoy]

The Oanda AU200AUD CFD tracks SPI futures so 7521 shown here as a 50% retracement of the recent upmove is not the same as 7521 on the cash XJO, I actually think it's very very close to XJO 7500

View attachment 169968

and there it is

 

[eskys]

It's sitting smack bang at 12 o'clock on my semi circle, on neutral....bravely fighting to stay on course. Recovered some from the morning session, so which way will it be going tomorrow?

Our dollar took a dive last night, trying hard to regain the loss...winning a little so far.

 

[Garpal Gumnut]

Well, nothing but mixed to bad news and this is how the XAO reacted.

Onwards and upwards.

gg

 

[Dona Ferentes]

Well, nothing but mixed to bad news and this is how the XAO reacted.

Onwards and upwards.

gg


View attachment 170951

following the (overnight) leader

 

[Chipp]

AU10Y at 4.2% is this PER good ?

 

[peter2]

Spike in price volatility. 1st qrtly reports are coming in.
Short term traders, be careful out there. med and long termers, there's BTD opportunities.

 

[peter2]

And another BYD opportunity provides us with gifts.

So where's all the XAO banter? Do you know the market is inches away from another ALL TIME HIGH?
It's bullish baby. We're going to the moon!



Surely we're all making new equity highs or are within spitting distance of it. It's been a good year not great but pretty good considering all the drama.

Oh I know all the stocks are too expensive on classic economic valuations. Haven't we throw out the old classical economics textbooks already? Old style economics is based on the assumption that people act rationally when dealing with their finances. What BS!

Behavioural economics is king! Investors are animals behaving in accordance with their overworked amygdalas.

Recent headline: "Loss-making companies surge on ASX, baffling analysts." Ha, the ASX is full of stonks.

 

[brerwallabi]

So far it has been a good year, soon it will be that time of the year where we might rid ourselves of some loss making stocks to claim a tax loss.
Seeing loss making stocks are surging I will wait my time with Rumble Resources for it to “surge”.

 

[Chipp]

3 years of a traders market . ATH its a good headline I suppose . Me i will just keep trading the swings and ranges leaving the buy and hold to those who are made that way . There is a time to buy and hold and for the last several years that buying has not been great at fresh ASX ATH , this time it is different ' apparently ' . Good luck to all and DYOR

 

[peter2]

There is a time to buy and hold and for the last several years that buying has not been great at fresh ASX ATH , this time it is different ' apparently ' .

I agree with you. Now's not the time to be buying heaps. Now's the time to be 80-100% invested and riding the wave.
I expect we'll be thrown off sometime soon.

 

[qldfrog]

I agree with you. Now's not the time to be buying heaps. Now's the time to be 80-100% invested and riding the wave.
I expect we'll be thrown off sometime soon.

not the time to be buying heaps..but you add 80/100% invested..humm, sound very invested IMHO.
Personally I am currently, within the super, roughly 25% cash, and a 20% or more PM..
And waiting waiting for the farm sale

 

[peter2]

Yes, very invested now but most of the buys were days, weeks and months ago.

Buying in the dips and pull-backs with an occasional BO-NH. I'm slowing learning to not waste but profit from the dip buying opportunities.

 

[peter2]

Today is the typical commodity selloff that follows every exuberant rally. It's going to look bad at first glance but it's a normal market ebb and flow. This dip is going to provide another commodity BTD opportunity. That is if you've got any cash. I'm 90% invested and there's not much cash around.

As for the dip we don't know if this is the start of a small one or a larger one. If it stays <5% OK I can handle that. If it's 5 - 10% then I'll probably sell my worse positions. If it gets bigger then I'll sell a bit more but I'll be poised to buy when the eventually rally starts.

 

[divs4ever]

most of the dips are in places i don't want to buy ( or add )

maybe ILU ?

nah without DRR and SRX , i need lower yet

 

[Chipp]

Little perplexing as to why XJO was down 90 points into open this morning but the 40+ point bounce from there very welcome , buy side volume looks solid

 

[peter2]

Little perplexing as to why XJO was down 90 points into open this morning but the 40+ point bounce from there very welcome

Agree, the bounce was a high probability index day trade (+2R ). Time for tennis on this glorious sunny day.

 

[Chipp]

Second day in a row XJO big bearish gap down , down -100 into open range , not such a large bounce of lows . The daily cash range is small compared to overnight ranges atm making daytrading not that rewarding . Looking a bit bearish . Junes in last 2 decades are red more often than not

 

[peter2]

Week end review of ASX charts.

Reviewed the charts of ASX stocks trading more than $3M/d looking for bullish setups and general market sentiment. Sentiment is slightly bearish with only 35% of 205 charts in a bullish trend. Many of these turned bullish weeks and months ago, so not to be bought now (poor R:R). There were only a few with a bullish setup to buy now, but I'm reluctant to do so as the XAO is trading in a narrow range.



I'd like the dip to get a little bigger to improve the odds of earning a profit from the trades.

 

[divs4ever]

Week end review of ASX charts.

Reviewed the charts of ASX stocks trading more than $3M/d looking for bullish setups and general market sentiment. Sentiment is slightly bearish with only 35% of 205 charts in a bullish trend. Many of these turned bullish weeks and months ago, so not to be bought now (poor R:R). There were only a few with a bullish setup to buy now, but I'm reluctant to do so as the XAO is trading in a narrow range.

View attachment 178042

I'd like the dip to get a little bigger to improve the odds of earning a profit from the trades.

please be careful

tonight my two platforms ( Commsec and Bell Direct ) show BIG differences in stock closing prices several dollars for APE , 30 cents diff for HCW as two examples

while Commsec has an alert that that watchlists might incorrectly i believe the ( Commsec ) prices are closer to correct

WHAT TO DO IF THE TURN ON A NARROW ROAD IS BLOCKED_ THIS IS WHAT A SKILLED DRIVER DOES #YTSHORTS​

 

[Chipp]

XJO June since 2007