Australian (ASX) Stock Market Forum

NYSE and the status of world markets

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if Russia was to blow up a pipeline ( it owned ) it would have been the one through Ukraine ( with the turbines awaiting maintenance ) and calling up the insurance company ( blaming Ukraine )

Putin is about profit ( and how to make it ) but some fail to understand that ( even some of the Russian oligarchs )
 
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i am assuming they learned that from the Germans in the middle of the 1940s , but it has been used over several centuries , when trying to escape a reputation .

by the way , many of the Russian oligarchies were created in the Soviet era ( consider that )
 
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i am assuming they learned that from the Germans in the middle of the 1940s , but it has been used over several centuries , when trying to escape a reputation .

by the way , many of the Russian oligarchies were created in the Soviet era ( consider that )
self-preservation, human trait designed to live abit longer....

Kind regards
rcw1
 
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It will be interesting to see what sort of lead local equities get from Wall Street overnight with the US mid-term elections today. Historically speaking, the stocks has tended to benefit from the mid-terms, but is at risk of a highly contested result adding yet another layer of uncertainty to the market and dragging shares lower.

All trading carries risk, but it will be worth keeping an eye on tonight's session in the US as the result and initial reaction could set the tone for near-term direction.
 
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i am expecting an uncertain outcome ( one that will not be accepted by one side or the other )

i also worry something else important will happen while many are distracted by the event ( there are a couple of high level meetings happening this week )

am looking at the Central Banks for unusual events ( interventions , or maybe another bout of Repo antics )

good luck everyone
 
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i am expecting an uncertain outcome ( one that will not be accepted by one side or the other )

i also worry something else important will happen while many are distracted by the event ( there are a couple of high level meetings happening this week )

am looking at the Central Banks for unusual events ( interventions , or maybe another bout of Repo antics )

good luck everyone
Whatever happens tonight in the mid-terms the markets will most likely move as a result. The thing that I'm less certain about is the direction of that move. If your right about other issues coming into play, then the uncertainty will be magnified.
 
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am expecting a sequence of moves , but have no idea which way , since many big corporations are pro-Biden ( when in previous decades you would think a Republican gain would be a positive )

oil/gas might be the place to watch
 
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Stay with the market, see what is changing;

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November 21, 2022 | Michael Reilly


It looks like the S&P 500 is running on fumes.

One chart has signaled the beginning of the end for the last three rallies of 2022.

The Bullish Percent Index of the S&P 500 offers a consolidated measure of the percentage of S&P 500 members trading on buy signals on their respective individual P&F charts. It’s also a great measure of overbought or oversold market conditions.

You can take a lot of time and energy looking through 500 individual charts and tracking the number of stocks on buy vs. sell signals, or you can do what I do – pull up the BPI.

It’s a single chart of all members trading on the S&P 500.

And here’s what it’s saying right now.

For the fourth time this year the Bullish Percent Index for the S&P 500 pushed above 70%, indicating that more than 70% of all the stocks trading on the S&P 500 are on buy signals on their individual charts.

The 70% level is considered an overbought market. That’s not a bad thing – it signals a lot of buying and that’s bullish. And we’d like to see that strength continue..

The problems arise when the BPI moves from above 70% back below it.

It’s a tell that there isn’t enough strength in the market and buying is waning.

And each time the BPI has moved back below 70 this year, it marked the end of a current stock market rally.
I’ve highlighted this in the chart of the S&P 500 BPI below.

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Take a look at what the S&P 500 index did after its BPI moved from above 70 to below 70. That was the peak. That was it. The S&P sold off as the BPI fell below 70.

And that looks to be what is happening right now. The BPI moved above 70 showing lots of buying.

Unless something changes in the next day or so, the BPI will once again fall below 70. And when it does it will be the end of yet another rally within an ongoing bear market.

I’m keeping a close eye on the BPI and several other key indicators, so check back later, as I’ll have more to share…
But until then, invest wisely.
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It looks like the S&P 500 is running on fumes.

One chart has signaled the beginning of the end for the last three rallies of 2022.
You could be right. Even looking at the fundamentals, the continuing global recession fears point to this post-CPI rebound just being another one of this year’s bear-market rallies.

If the S&P500 closes below last week’s lows and the key 3900 level over the coming days it could open the door to another sharp pullback.

Of course, all trading carries risk, and FOMC Minutes this week will also be worth keeping an eye on. Any sign that the Fed may consider slowing their hiking cycle next month could reignite risk sentiment.

Either way, this is a really interesting analysis, and it’ll be worth watching how it plays out in the market.
 
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