Your day in the Market - Market Commentary

[>Apocalypto<]

I am happy to know that everybody doing very well here. I hope only the best for all of you.
I used to be a stockbroker specialising emerging markets and have ride many boom and bust in my life, but it looks the ball is rolling bigger n bigger. There are alot of money out there hungry to be invested, but alot of people don't know what to do/ invest.
You can say the mining boom this time is for real (Uranium). it looks to me no different like during tech boom or whatever boom we have before. By the end of the day you have to come down to reality that what is real or what is not.
During tech boom I made $7 figures on papers but lost $200k when it bust. The lesson is get out when you are on high. This uranium cylce will end this year if not very very soon. I am not comfortable with the look of AUD$ and PEAK commodity prices. Inflation is on the rise.
China sharemarket has double the past 4 months but the chinese gov know it is not sustainable, because so much money try to invest in china (speculation). I will see big correction this year in china for sure, the last minor correction is nothing. I hope before that time you guys have your money parked in the bank.
cheer


invest smartly

Do you have any technical evidence on your charts to back up any of your calls?

If you don't use tech analysis will have to see if it happens.

Cheers
Joseph

 

[Ken]

I believe for every stock we see doubling, and tripling, on the new ipo's there are stocks out there slowly etching there way down into insignifance.

The money will come and go from the markets.

Do what you do best.

 

[erictjie]

Do you have any technical evidence on your charts to back up any of your calls?

If you don't use tech analysis will have to see if it happens.

Cheers
Joseph

I don't have any technical chart knowledge, but thru my previous experiences, I feel we are walking on a thin line at the moment. Market crash come suddenly, how do tech chart know?

 

[>Apocalypto<]

I don't have any technical chart knowledge, but thru my previous experiences, I feel we are walking on a thin line at the moment. Market crash come suddenly, how do tech chart know?

I respect and enjoyed your posts, just hoped to see some charts.

You can see signs of major weakness emerging in a chart, but it is up to the chart reader to be able to listen to what it's telling him/her and not just look for what they want to hear. I am very guilty of this sometimes!

Currently I have no index trades on,

Few top 50 stocks are looking good depending on todays action.

Dow still looks like it just pushing with out any strength. But it can bust out at these situations.

IGXJO drop looked like getting back to its trend line but with another recored posted on Wall street it came around last night with a lot of bargain hunters / short coverings, looks like a normal correction retracement right now. Still looking for confirmation to enter long.

AUS/USD placed another 2 x long last night after i saw it bounce of the trend on a 4 hour 3 month, that trend is very strong now with entry on the 9 touch. Stop under the trend line. Come on Aussie!

 

[ta2693]

I am happy to know that everybody doing very well here. I hope only the best for all of you.
I used to be a stockbroker specialising emerging markets and have ride many boom and bust in my life, but it looks the ball is rolling bigger n bigger. There are alot of money out there hungry to be invested, but alot of people don't know what to do/ invest.
You can say the mining boom this time is for real (Uranium). it looks to me no different like during tech boom or whatever boom we have before. By the end of the day you have to come down to reality that what is real or what is not.
During tech boom I made $7 figures on papers but lost $200k when it bust. The lesson is get out when you are on high. This uranium cylce will end this year if not very very soon. I am not comfortable with the look of AUD$ and PEAK commodity prices. Inflation is on the rise.
China sharemarket has double the past 4 months but the chinese gov know it is not sustainable, because so much money try to invest in china (speculation). I will see big correction this year in china for sure, the last minor correction is nothing. I hope before that time you guys have your money parked in the bank.
cheer
invest smartly

I have the same feeling. the market is a little bit hot. But i think it would be crazy in this year. Not many people in my community(Chinese) are trading or even holding a share in asx. Some of them are wealthy people or have some spare money to invest. I want to know the situation in other community. Are they involved in?
If the answer is yes. I am going to run away. Please let me know the situation around you.
If the answer is no, i believe one day they will be involved, because of the fantastic story of making easy money. They will come to make the final push of market. I am waiting for that day and sell my holding to the people who love uranium story but come late and give them the chance of being absolutely wealthy. I may be wrong, if there is a lot of people like you who have wisdom in investing.

 

[>Apocalypto<]

I have the same feeling. the market is a little bit hot. But i think it would be crazy in this year. Not many people in my community(Chinese) are trading or even holding a share in asx. Some of them are wealthy people or have some spare money to invest. I want to know the situation in other community. Are they involved in?
If the answer is yes. I am going to run away. Please let me know the situation around you.
If the answer is no, i believe one day they will be involved, because of the fantastic story of making easy money. They will come to make the final push of market. I am waiting for that day and sell my holding to the people who love uranium story but come late and give them the chance of being absolutely wealthy. I may be wrong, if there is a lot of people like you who have wisdom in investing.

What makes it hot or over valued?

Please explain yourself!

Its all good to call crash no probs there at all, but you need some reasons to back it up!

My mother bought in before the All Ords hit 4000 and when they hit 4000 she told me that no one thought it would hold. Same things you say, to hot over valued

but as we speak it's over 6000. So I say again, why? What makes it unable to reach 7000?

Cheers
Joseph

 

[Kimosabi]

What makes it hot or over valued?

Please explain yourself!

Its all good to call crash no probs there at all, but you need some reasons to back it up!

My mother bought in before the All Ords hit 4000 and when they hit 4000 she told me that no one thought it would hold. Same things you say, to hot over valued

but as we speak it's over 6000. So I say again, why? What makes it unable to reach 7000?

Cheers
Joseph

I can't see any imminent reason why the market should start heading south, yet...

 

[>Apocalypto<]

I can't see any imminent reason why the market should start heading south, yet...

I am with you,

But I am a little weary now on our market some short term weakness creeping in.

DOW is really going to be interesting it looks like its running out of pace but I have seen it blow out, at times like this before.

I can't see a major crash coming. A very solid correction or consolidation yes, but when, don't know.

But that's my opinion.

 

[chops_a_must]

Waaaaaaaaaaaaa!!!! Panic panic panic!!! The sky is falling!!! Sell! sell!!! Sell!!!!!

 

[Kimosabi]

Luckily I'm color blind, so down days don't look so bad...

 

[BIG BWACULL]

Waaaaaaaaaaaaa!!!! Panic panic panic!!! The sky is falling!!! Sell! sell!!! Sell!!!!!

You can say that Again

Luckily I'm color blind, so down days don't look so bad...

Me too but when the graphs start sloping down from left to right AAARRRGGGGHHH. Might have to turn my screen upside down AH thats better PHEW

 

[Kimosabi]

Might have to turn my screen upside down AH thats better PHEW

I have found it is always best to turn your screen on it's side, then your graphs look great, always blue sky...

 

[rub92me]

Looks like a low volume trading day for most of the stocks I hold. Down today, but still a good week. Still 30 minutes to go though. Stop losses firmly in place.

 

[chops_a_must]

Was a rather frustrating day today. Looked to be rather indiscriminate selling, with stocks with a strong recent performance the worst hit on my watchlists. Looks to be people locking in and taking profits, so it could have been worse. Might be a pretty flat and boring rest of the week on the markets I reckon.

 

[Kimosabi]

Was a rather frustrating day today. Looked to be rather indiscriminate selling, with stocks with a strong recent performance the worst hit on my watchlists. Looks to be people locking in and taking profits, so it could have been worse. Might be a pretty flat and boring rest of the week on the markets I reckon.

I suspect it may have been a pre-budget sell-off.

The current market is making me so nervous at the moment.

I'm tempted to forget about long-term investing for the majority of stocks and focus on short term trading on a couple of stocks that until the seemingly inevitable blow-off/up happens.

It doesn't help when just about everything I'm reading say's it's all going to go pop...

 

[nizar]

Was a rather frustrating day today. Looked to be rather indiscriminate selling, with stocks with a strong recent performance the worst hit on my watchlists. Looks to be people locking in and taking profits, so it could have been worse. Might be a pretty flat and boring rest of the week on the markets I reckon.

Pre-budget nerves.

Also the US FED will make an interest rate decision 2mrw.
So DOW will be nervous most likely down tonight.

But some sweet words from Ben and a super-incentive budget and we are still all systems go.

Im up for the day 1.12% in main portfolio - Thanks MPO

 

[constable]

Actually had a good trading day came out approx 1k on the following trades
nxs +3 ticks
ady +1 tick o/nite
esg +1 tick
tas - 1 tick
nxs -2 ticks
far +1 tick
inl o tick
Holding far o/nite.

 

[nizar]

Actually had a good trading day came out approx 1k on the following trades
nxs +3 ticks
ady +1 tick o/nite
esg +1 tick
tas - 1 tick
nxs -2 ticks
far +1 tick
inl o tick
Holding far o/nite.

My ESG is unchanged. Pity though. Looks bullish yesterday.

 

[constable]

Came out swinging with good vol but certainy died in the ****! I tried to upload the intraday of westpac but the file was too big. Basically sp came out swinging hit 47c twice ,tanked to 45c then spent most of the morning ranging between 455c and 46c then down to 45c to 455c after lunch, before dropping off after 3pm.

 

[chops_a_must]

Wasn't a bad day in the end. Most of my stocks showing great strength. Some were even up... AOE, QGC, VRE and VREO namely. On volume as well.

I said about a month ago somewhere... that I thought retail and bank stocks would find it hard as there has been no fundamental reason for them to join in the bull run since the end of last year. To me, a lot of resource stocks are quite undervalued, and so far they haven't been hit as hard as other stocks (the ones I have on my watchlists anyway). I for one will be targetting dividend yield over the next few weeks.