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XAO Banter Thread
- Thread starter clayton4115
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It's December....santas claus rally time. I'll ride this trend until the first sign of weakness then close my positions and enjoy xmas.
nulla nulla
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There is a lot of money moving out of yield ("Safe") shares such as telstra and financials back into resources today. Looks like the market is shifting to an apetite for risk, which could be indicative that the all ords is expected to continue climbing...for now.
tinhat
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I think there is some anticipation that the fed is going to announce QE4 (is that what we are up to now). Yay risk on! Psst... what to buy some iron ore? Copper is at a pivot point IMHO. Check out the pennant formation on either the weekly or monthly chart.
I don't think the medium-term uptrend is exhausted for all the defensive yield stocks either. CBA is still yielding 7.7% grossed up for franking credits.
Everyone is expecting a bad year for earnings outlooks globally next year. In terms of balancing probabilities, I think there is room to surprise to the upside.
I don't think the medium-term uptrend is exhausted for all the defensive yield stocks either. CBA is still yielding 7.7% grossed up for franking credits.
Everyone is expecting a bad year for earnings outlooks globally next year. In terms of balancing probabilities, I think there is room to surprise to the upside.
nulla nulla
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We broke through 4600 (interday) but failed to hold it. This achievement is supposed to represent the highest level of the xao for 16-17 months (?). The chart shows that every time we have hit the upper channel bar, since August 2011, we have experienced a correction and dropped 300 - 400 points. I can't see that much has improved in the world economy that would propel the xao up to 5000+ in the short term.
Personally I expect another correction loosely attributed to the failure of the U.S to address thier debt ceiling in a fiscaly responsible manner and some media blow up over the Spanish Economy. (Any excuse will do for the hedge funds to go short). Expect more sideways and down and trade the volitility. Good luck
Personally I expect another correction loosely attributed to the failure of the U.S to address thier debt ceiling in a fiscaly responsible manner and some media blow up over the Spanish Economy. (Any excuse will do for the hedge funds to go short). Expect more sideways and down and trade the volitility. Good luck
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Continued divergence on the ASX200 as less and less stocks participate in the rally. Chart above is the advance/decline updated.
Also note the XFJ failing to make higher highs. It's been the driver of this market so if that goes I guess we rollover?
Weird price action today looked as if a few blokes were happy to pull the pin on the rally and take the early Xmas break but then someone came in and said not yet!
A strong finish today and we might get another small leg up.
Longer term still think there is some chaos to come
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Commsec must be tapping my interwebs! About a week after I posted this, Commsec removed the ticker off their front page that contained what I suspected to be a live SPI price.
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That's the one, I haven't crossed referenced it with live data yet, but I had suspicions it was live SPI data.
To confirm, that table is only visible when logged into Commsec? They use to (2-3 weeks ago) have a ticker scroll across on their front page that amongst some world indices included the SPI.
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there's usually a spi price on the logon page....my guess it's 1 min package and only if youre refreshing the page...that scrolling thing is too funny....
have a great holiday and safe driving, Razza
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XUJ a 1.6% hit today..down 85ish.....anyone got a clue on that ?
skc
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Garpal Gumnut
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thanks, skc
xjo about to print a daily outside down bar.....we dont see a lot of these, topical news aside...
santa mistaken the chimney for a dunny
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"I said the Schmitt house"
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Better go lie down
I think I feel a turn coming on.
I think I feel a turn coming on.
nulla nulla
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Upturn or downturn?
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I'm speculating he was referring to a downturn.
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