What a strange open to the market this morning. BBOZ didn't know what it wanted, went all over the place. The second half of the market didn't come on for ages. Option expiry day added to the chaos perhaps, and no site had the right spi, except for Westpac who's been stuck on homepage.
XAO Banter Thread
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Dona Ferentes
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So far, looks like Jack and Jill....let's hope not
Jack and Jill went up the hill to fetch a pail of water Jack fell down and broke his crown And Jill came tumbling after. Up got Jack, and home did trot As fast as he could caper He went to bed and bound his head With vinegar and brown paper.
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Sell the banks, buy dirt. That's some rotation.
Sean K
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I'm not sure what index UBS is using but it can't be either the XAO or ASX200.
A "melt up" from 8400 would be a bit better than 8500. Maybe it's a melt up and then crash they're predicting.
A "melt up" from 8400 would be a bit better than 8500. Maybe it's a melt up and then crash they're predicting.
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I've dipped my toe in the VGS pool. Markets will crash now.
Good, I would like another dip to buy. I've sold more than half of my copper miners after this rally. Sold oil at $77 that I bought at $66.
Need another dip <$70 before buying oil again.
Think we may get a dip as the China stimulus details were very underwhelming. Copper and iron ore should dip. Not seeing many acceptable reward/risk opportunities at the moment.
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My, my, I'm so poor at following threads, it's impossible. Just saw Peter's post from mid September. (asking for forgiveness as I'll be absent for another week after today)
Appears the bandaid fell off yesterday, oil and iron ore taken a dive...will go with Peter on that sentiment as per his last post. Good luck everyone.
Appears the bandaid fell off yesterday, oil and iron ore taken a dive...will go with Peter on that sentiment as per his last post. Good luck everyone.
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On investing.com, @Smurf1976
Have your cursor over 'markets'. 'Commodities' will drop down under it. Next, have your cursor over 'commodities'. To the far right, click on crude oil and scroll down. A semi circle will show up, the needle is on strong buy still (hasn't changed since this morning) Not sure if this is to be relied on. Having said that, oil is up a tad today. From the same site as shown below:
Crude Oil WTI Futures - Nov 24 (CLX4)
Real-time derivedCurrency in USD
Disclaimer
73.75
+0.18(+0.24%)
Real-time Data00:16:00
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@eskys Most indicators lag the price action. They have to, as they're calculated on known (past) prices. The other parameter to consider is the time period of the indicator. Over what time period is it calculated? It's possible that an indicator can show up on the hourly, down on the daily while up on the weekly.
It's important that traders know the time period that we're trading. Currently on the oil market I'm trading the daily timeframe but I can only trade it long, so I have to wait for the next dip below $70/bbl before looking for my next buy setup.
It's important that traders know the time period that we're trading. Currently on the oil market I'm trading the daily timeframe but I can only trade it long, so I have to wait for the next dip below $70/bbl before looking for my next buy setup.
Thanks, Peter.
I was looking at that real time, and to me that read as 16 minutes past midnight, New York time, I thought.
12 midnight is 00 hundred hours, so 1am is 0100hrs.
PS Not sure if others were trained in hundred hours. For legal matters, we were taught to document in hundred hours in my days.
I was looking at that real time, and to me that read as 16 minutes past midnight, New York time, I thought.
12 midnight is 00 hundred hours, so 1am is 0100hrs.
PS Not sure if others were trained in hundred hours. For legal matters, we were taught to document in hundred hours in my days.
For those who aren't familiar with the 24 hour clock, there's an Autralian version on investing.com.au. I chose the US version so times shown will be reflected as such. (I am assuming that the Australian version won't be in the 24 hour clock)
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IMHO the clock indicators are next to useless. They show the current value only. They don't show the prior movement like a chart. You can't see if the current value is higher or lower than earlier. Useless.
Dona Ferentes
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Our sharemarket trimmed gains after strong employment data prompted traders to pare back the chance of an early interest rate cut.
The S&P/ASX 200 Index is trading 73 points, or 0.7 per cent, higher at 8363.5 near 12pm after earlier rallying as much as 1.2 per cent to a fresh intraday record.
Investors took some money off the table after the data showed the Australian economy jumped 64,100 jobs seasonally adjusted in September, more than double the market expectation for 25,200. The unemployment rate held steady at a revised 4.1 per cent...
The S&P/ASX 200 Index is trading 73 points, or 0.7 per cent, higher at 8363.5 near 12pm after earlier rallying as much as 1.2 per cent to a fresh intraday record.
Investors took some money off the table after the data showed the Australian economy jumped 64,100 jobs seasonally adjusted in September, more than double the market expectation for 25,200. The unemployment rate held steady at a revised 4.1 per cent...
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