XAO Banter Thread
- Thread starter clayton4115
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Have ASX tech stocks finally run out of steam?
PME, XRO, 360, HUB, WTC all showing huge down day.
Data-centre stocks down - GMG, MAQ, NXT, IFT,
PME, XRO, 360, HUB, WTC all showing huge down day.
Data-centre stocks down - GMG, MAQ, NXT, IFT,
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The big boys and girls are playing with the market.
Money seems to jumping from banks and a few other sectors to the already poor-performing mining and Gold stocks.
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well PME management sold 2 million shares 'to aid liquidity ' i guess they were rewarded for that ( sarcasm )
but the rest , most had high valuations already so a pull-back was always possible
and remember no over-eager buyers leave the sellers little choice ( hold onto a loser , or sell for the best price they can get )
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1. Profit taking in the tech's,
2. Bank stocks may dip as their NIMs would be expected to narrow when rates fall, bank rally should stall
3. Current resource stock rally may falter as China is only talking about stimulating their economy while not doing anything.
Leads me to anticipate a market dip (~5% only), considering buying BBOZ or BEAR for a short time. Although I'm not a fan of these two.
It'll be more prudent to reduce exposure now and buy the dip once it's ended.
Sold GEAR, SEMI (will re-buy them at lower prices) and tech stocks. Raising exit stops on the few industrials I own, holding gold, copper, VBTC.
2. Bank stocks may dip as their NIMs would be expected to narrow when rates fall, bank rally should stall
3. Current resource stock rally may falter as China is only talking about stimulating their economy while not doing anything.
Leads me to anticipate a market dip (~5% only), considering buying BBOZ or BEAR for a short time. Although I'm not a fan of these two.
It'll be more prudent to reduce exposure now and buy the dip once it's ended.
Sold GEAR, SEMI (will re-buy them at lower prices) and tech stocks. Raising exit stops on the few industrials I own, holding gold, copper, VBTC.
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I went out of paper gold silver a while back to switch to geared etf and index asx/us looking for a Christmas rally.
Got out today.
I do not doubt tomorrow the rally will start but i am now back to gold silver bear and cash.
Even a 6m td at 5.1% in the super.not a bad way to space share entries and decent return while waiting, i also use isec and bill on the asx for cash returns
Market not happy..........red across all sectors at time of posting
US stocks reverse gains after Fed halves rate-cut forecast for next year By Investing.com
US stocks reverse gains after Fed halves rate-cut forecast for next year
www.investing.com
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Santa's either incredibly late or not coming this year so far as the market's concerned.
That said, yesterday was somewhat more positive for me personally. So maybe......
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Yes so it was for me until the US market crashed this morning
Dona Ferentes
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slow openings today ...
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It seems that the US market didn't like the warning that future rate cuts would be minimised because of the continual inflation and that has taken its toll here.
81 point drop on the All Ords isn't that bad at the moment.
81 point drop on the All Ords isn't that bad at the moment.
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People are chasing the knife down, average daily volumes of some stocks almost hit in the first hour of the markets being opened.
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although i have only been interested in the market for about 12 years , Santa often seemed to be a little tardy
but given recent market record highs , some profit-taking was likely
now i would think a 10% retrace ( from the record highs ) would be unlikely before Xmas .. but we we must be getting close to a 5% decline , which might trigger some stop-loss activity
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Took the opportunity to buy some index ETFs, GEAR, GGUS. Half positions only and prepared to buy again at lower prices.
I'm buying this dip as I think the selloff is irrational. The Fed rate cut was very likely and it's very likely to hold for quite some time as inflation stays at this level. US tech and semi-cons still have promising outlooks. US economy in good shape if you ignore the huge gov't debt (
).
Meanwhile in Aust inflation is at a higher level and likely to stay at this level for longer. Inflation must remain high if we pay workers 20% more every six months. No rate cuts for Aust. This'll help the banks but resource prices remain low due to poor economic growth in China. Bar-bell market, banks OK, resources down. Will likely look to US markets for income and capital growth next year.
I'm buying this dip as I think the selloff is irrational. The Fed rate cut was very likely and it's very likely to hold for quite some time as inflation stays at this level. US tech and semi-cons still have promising outlooks. US economy in good shape if you ignore the huge gov't debt (
).Meanwhile in Aust inflation is at a higher level and likely to stay at this level for longer. Inflation must remain high if we pay workers 20% more every six months. No rate cuts for Aust. This'll help the banks but resource prices remain low due to poor economic growth in China. Bar-bell market, banks OK, resources down. Will likely look to US markets for income and capital growth next year.
Dona Ferentes
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The Fed cut was predicted fairly well, what got people was not to expect 4 rate cuts next year, possibly only 2.Took the opportunity to buy some index ETFs, GEAR, GGUS. Half positions only and prepared to buy again at lower prices.
I'm buying this dip as I think the selloff is irrational. The Fed rate cut was very likely and it's very likely to hold for quite some time as inflation stays at this level. US tech and semi-cons still have promising outlooks. US economy in good shape if you ignore the huge gov't debt (
Meanwhile in Aust inflation is at a higher level and likely to stay at this level for longer. Inflation must remain high if we pay workers 20% more every six months. No rate cuts for Aust. This'll help the banks but resource prices remain low due to poor economic growth in China. Bar-bell market, banks OK, resources down. Will likely look to US markets for income and capital growth next year.
It was a large pull back on the US markets, which makes me wonder what else is coming.
The markets were trading at highs, we have some excitement with AI in the mix. Am surprised that the live screen isn't blinking away crazily. Volumes not that bad, or am I dreaming? (for those with Commsec, there's a new watchscreen which is live) Came back after 3 hours absence, hardly anything has changed. ??? can't be that bad? Won't it be nice when, if we can ask tomorrow ' what was that all about yesterday?
Asian markets aren't that fussed, down slightly
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