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XAO Technical Analysis

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Re: XAO Analysis

AnDy62 said:
If you are so sure, actions speak louder than words. Place a few shorts etc. Good luck with them :rolleyes:
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There is no certainty in markets but plenty of opinions including my own:D:D
 
Re: XAO Analysis

IFocus said:
There is no certainty in markets but plenty of opinions including my own:D:D
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Very very true.

On that note though, I have 11 positions open, 3 on oil, 1 on gold and 4 shorts.

Definately looking for lower prices on the back of high oil prices, however, just encase, I have 3 'regular' longs as a bit of a hedge (mainly in the NASDAQ) FWIW.
 
Re: XAO Analysis

MRC & Co said:
Very very true.

On that note though, I have 11 positions open, 3 on oil, 1 on gold and 4 shorts.

Definately looking for lower prices on the back of high oil prices, however, just encase, I have 3 'regular' longs as a bit of a hedge (mainly in the NASDAQ) FWIW.
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Amazing how everybody thinks that high oil prices are a disaster for the stockmarket.

Look at DOW and ASX200 against oil for the last 5 years :eek:

I think TH has a chart somewhere which shows this nicely.
 
Re: XAO Analysis

Yes, a period of economic growth, leads to higher oil prices.

However, in a period of economic slowdown or perhaps even recession, and parabolic oil pices, what do you think the result will be?

Any chart is the past, we are now looking at a period of stagflation. Are IRs going to keep falling to stimulate economic growth, or rise to combat inflation? Fiscal policy in a floating exchange rate economy is not nearly as sharp instrument, as the crowding out effect applies.

Amaizing how people think skyrocketing all-time high oil prices will not affect the stockmarket in this kind of economic climate..........
 
Re: XAO Analysis

nizar said:
Amazing how everybody thinks that high oil prices are a disaster for the stockmarket.

Look at DOW and ASX200 against oil for the last 5 years :eek:

I think TH has a chart somewhere which shows this nicely.
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Roll on $500 oil then. That'll stimulate the stock market nicely.

:rolleyes:
 
Re: XAO Analysis

Yeah, but take out the top few oil companies and it will only be 95.

GP
 
Re: XAO Analysis

AnDy62 said:
If you are so sure, actions speak louder than words. Place a few shorts etc. Good luck with them :rolleyes:
Click to expand...

What I'm sure of is that high returns on property and banks are history. I've sold the lot. What I don't know is the timing on this rippling through the market. Months? A year? So no shorts.

I'm happy to sit on cash, gold and energy stocks until things get a lot cheaper, and the next bubble gets going.

Anyone want to take a punt on how the ASX will do tomorrow?
 
Re: XAO Analysis

davo8 said:
What I'm sure of is that high returns on property and banks are history. I've sold the lot. What I don't know is the timing on this rippling through the market. Months? A year? So no shorts.

I'm happy to sit on cash, gold and energy stocks until things get a lot cheaper, and the next bubble gets going.

Anyone want to take a punt on how the ASX will do tomorrow?
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SPI futures up 5 points ATM - I rekon we'll see a fall of less than 1% in the XAO tomorrow.
 
Re: XAO Analysis

SPI futures are not open yet. They cannot be up or down at this point.
 
Re: XAO Analysis

I just use Yahoo Finance for a suggested trend:

08:32 am : S&P futures vs fair value: +2.5. Nasdaq futures vs fair value: +5.2. Stock futures suggest a slightly higher start to the trading day. In deal news, Honeywell (HON) announced that it signed a definitive agreement to sell its Consumables Solutions business to B/E Aerospace (BEAV) for $1.05 billion.
 
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