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XAO Banter Thread

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This is one of the more interesting reporting season I've experienced. Share prices just don't move coherently, even for big caps.

BLD reported crap numbers but was a slight beat - today's range was first down 3% and went almost 1% up.

AMC reported yesterday which was ever so slightly disappointing. It fell 2% before fighting back to be in the green, but today it is sold off over 4% at one stage. Same thing happened to BXB, and looks like happening to AIO as well.

MND up 8% yesterday, down 5% today. ARI up 13% yesterday, down 8% today. QBE went for a 8% range in 3 days.

Suncorp went for large payout with a headline profit that's short of consensus - it first went down 1% but now printing new highs +3.5%. Judging by the track record, it should fall a few % tomorrow.

This all suggest to me that we are at some sort of cross-road. Analysts are adjusting their models and different camps are having pretty different views of the macro future and so are moving stocks accordingly - causing all sorts of funny ripples. But the overall tone still appear to be buy the dips.
 
skc said:
This all suggest to me that we are at some sort of cross-road. Analysts are adjusting their models and different camps are having pretty different views of the macro future and so are moving stocks accordingly - causing all sorts of funny ripples. But the overall tone still appear to be buy the dips.
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Yes agree. A lot think we are going nowhere because people are not playing. I don't think thats the reason within Aus based funds, its just that they don't yet agree about which way to play.
 
Gringotts Bank said:
I think like the top will be rounded and irregular, rather than sudden and clearly defined.
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got shorts on xjo....small roll-on with US futes slumping and general sell on back of fed-speak......

edit; looking for 4355 first target, poss buys 4260 only if traffic gets heavy o/s, if xjo falls through there then hohum days for a few weeks
 
Joules MM1 said:
got shorts on xjo....small roll-on with US futes slumping and general sell on back of fed-speak......

edit; looking for 4355 first target, poss buys 4260 only if traffic gets heavy o/s, if xjo falls through there then hohum days for a few weeks
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I have 4357 as support. Not sure after that. Can't get a feel for it. Back to the 60's to find my trading mojo.... it's disappeared.
 
Gringotts Bank said:
Kloppers is giving foreign investors a bad impression - or maybe a true impression - but either way, this is poor form. I think the **** is going to hit the fan.

http://www.smh.com.au/business/taxes-a-drag-on-coal-kloppers-warns-investors-20120823-24oyp.html
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the recently amalgamted Alans-Billy Hydes music empires just went into receivership.......and i just bought a Cole Clarke Limited Ed with Solid Ceder top......might go fishing for some bargains...... :xyxthumbs

and that's the state of the music industry, retail anyways

photo.jpg

oh my.....

http://www.tonedeaf.com.au/news/loc...520c88d7-Tucker_Bag8_20_2012&utm_medium=email

Allans & Billy Hyde Go Into Receivership, Vouchers & Deposits Won’t Be Honoured Written by Al Newstead on 23 August 2012
 
Joules MM1 said:
xjo looks more like your gentle roll over is en mode......will do if spx cash can't hold 1398 or the hsi leads lower.....
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This reporting season seems to be more about the individual winners and losers than the overall stock market. My prediction is that, on the XAO weekly chart, the standard MACD (26,12,9) will remain above the signal line through until the end of the calendar year. A good time to adjust portfolios. Caveat: let's see what comes out of the ECB (and to a lesser degree the fed) over the next week or so.
 
Nice call Julian.

I'm thinking the yellow line will be the new trend line. Fairly gentle gradient.
 

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Gringotts Bank said:
I'm thinking the yellow line will be the new trend line. Fairly gentle gradient.
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i've written a long-winded technical reply....seems such ideas are prone to :cry: or even :mad: by anyone not that inclined......so.....a quick summary; a truck load of ratios on the xjo cluster at 4404-4422 ......i suspect we'll revisit the high of last week while the US sorts itself out and managers here decide to pile in (finally) or sell for cheap(er) yields below the june 4 level
 
No idea where that early morning burst came from :confused:

Well gave me a relatively graceful exit on some so so trades...
 
skc said:
No idea where that early morning burst came from :confused:

Well gave me a relatively graceful exit on some so so trades...
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Yesterday XAO broke back down through a support trend line (old resistance) that goes all the way back to Apr 2011. [the yellow line]. Today's high was just to re-test the legitimacy of that downside break. Touched on it almost exactly. To me that means the break isn't too drastic.
 

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skc said:
No idea where that early morning burst came from :confused:

Well gave me a relatively graceful exit on some so so trades...
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Standard futures trade for the locals come Friday morning. Have a look at all the futs in Asia, Korea, SPI, Tiawan, Honkers (Japas data messed them up). Easy money on a Friday of a down week - Buy the gap down and hold till the punters start pulling up charts to explain it.
 

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