Australian (ASX) Stock Market Forum

XAO Banter Thread

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sinner said:
What I'm hearing is lots of instos are very unwilling to exit in the money cash longs and actively hedging their positions to flat in the futs and ETF markets.
Click to expand...

Could you decipher this for me Sinner?

Is it that institutional investors are happy with their valuations and portfolios so aren't shifting, but are hedging against any short-term corrections?
Would I be correct in saying that's a vote of confidence in the market by the instos, looking towards end of year?
 
Zedd said:
Could you decipher this for me Sinner?

Is it that institutional investors are happy with their valuations and portfolios so aren't shifting, but are hedging against any short-term corrections?
Would I be correct in saying that's a vote of confidence in the market by the instos, looking towards end of year?
Click to expand...

Tomorrow is option exp., there are lots of longs or institutions that are long the cash index options. So instead of selling the positions, or unwinding them, they're hedging to flat, or taking the opposite position in the futures and ETFs. That means shorting the futures and ETFs.

How'd i Do?:)

I'm not sure i understand why they want to do this so close to Exp day though??:confused:So now i'm guessing i'm missing something.

CanOz
 
I would have thought that it would have been a good thing long term for the US to be in a position to ease up on the quantitative easing. Bearing in mind the market gains since 2009 there, is there any real problem with a bit of froth coming off the top ?

Then there's China. :dunno:

We are so dependent on China.
 
SPI is showing some good strength. Lets see if it can get a leg up from China. Looks to be another gap down but I'd its just gotta bounce......... doesn't it? :rolleyes:
 
Trembling Hand said:
SPI is showing some good strength. Lets see if it can get a leg up from China. Looks to be another gap down but I'd its just gotta bounce......... doesn't it? :rolleyes:
Click to expand...

I expect the return to 4735. Then head back down. The next leg down may take a bit longer to form...Still have to see a break and close of 4690 before moving down properly again. There has been a surprising rejection of that level this morning.
 
I suspect....:cautious: ............when Gillard gets the boot today the market will rally, after Sept 14 the market will rally, when the US confirms it will not stop printing money the market will rally, when it becomes apparent that lowering interest rates has led to inflation the market will rally.

I suspect......;)
 
mr. jeff said:
I expect the return to 4735. Then head back down. The next leg down may take a bit longer to form...Still have to see a break and close of 4690 before moving down properly again. There has been a surprising rejection of that level this morning.
Click to expand...

If only I traded it this way... Still watching.

Looking at the daily chart, downtrend is healthy but not convincing.
 
This is really just looking like a bounce, my index filter is still bright red...
 
GB...:banghead:

You ask an intra-day directional trader if he's long or short????:confused:

Then you wonder why you get "lol"

I'm guessing he's been long most of the morning then short most of the arvo...You get it?

Can't imagine how many trades that must be though...

CanOz
 
CanOz said:
GB...:banghead:

You ask an intra-day directional trader if he's long or short????:confused:

Then you wonder why you get "lol"

I'm guessing he's been long most of the morning then short most of the arvo...You get it?

Can't imagine how many trades that must be though...

CanOz
Click to expand...

Geeez sorry canoz. I don't have TH's resume sitting infront of me like you obviously do. Some people trade multiple instruments over multiple time frames. F-wit.
 
Gringotts Bank said:
Geeez sorry canoz. I don't have TH's resume sitting infront of me like you obviously do. Some people trade multiple instruments over multiple time frames. F-wit.
Click to expand...

ROTF
lol...

Edit: My apologies GB, i should not have come across so sarcastic.

My point is, almost everyone that is a technical or short term trader knows that TH is a Prop Trader, outright directional intra-day. So most also understand that it means he's flat at the end of the day, after having taken multiple trades in both directions through out the session.

Most of us know because we've done it at some point or another....

Position traders though, might have a long or short position overnight for a few days....

Please forgive my terse behavior.

CanOz
 
mr. jeff said:
If only I traded it this way... Still watching.

Looking at the daily chart, downtrend is healthy but not convincing.
Click to expand...

A resumption of the selling so far - as long as it stays below that line of resistance I am staying on the short side
looking for 4650 to start
 

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