Today's trading on the ASX

[Sean K]

Gunna be ugly start.

 

[Dona Ferentes]

sell first, think through implications after

 

[basilio]

Trump has jumped over the cliff and tied every other country to him.

See what is left when we hit bottom.

 

[eskys]

Hope is good but when blind hope and faith is intertwined, it's a recipe for disaster (more so about personality than a reference to the market)

 

[Dona Ferentes]

 

[Dona Ferentes]

DELIBERATION DAY​

Evening Wrap: ASX 200 halves loss, but broker downgrades stoke mining stocks wipeout, MIN, PLS, LTR, WHC hit... S&P/ASX 200 closed 74.8 points lower, down 0.94%​

.

Evening Wrap: ASX 200 halves loss, but broker downgrades stoke mining stocks wipeout, MIN, PLS, LTR, WHC hit

Stocks like Cettire (CTT) (-14.5%), Ansell (ANN) (-14.3%), and Breville Group (BRG) (-4.97%) are assumed to be big Trump tariff losers, while James Hardie Industries (JHX) (+2.75%), with its substantial operations and production base inside the US is assumed to be a winner. There were also some...

www.marketindex.com.au

 

[Sean K]

DELIBERATION DAY​

Evening Wrap: ASX 200 halves loss, but broker downgrades stoke mining stocks wipeout, MIN, PLS, LTR, WHC hit... S&P/ASX 200 closed 74.8 points lower, down 0.94%​

.

Evening Wrap: ASX 200 halves loss, but broker downgrades stoke mining stocks wipeout, MIN, PLS, LTR, WHC hit

Stocks like Cettire (CTT) (-14.5%), Ansell (ANN) (-14.3%), and Breville Group (BRG) (-4.97%) are assumed to be big Trump tariff losers, while James Hardie Industries (JHX) (+2.75%), with its substantial operations and production base inside the US is assumed to be a winner. There were also some...

www.marketindex.com.au

There's some blood letting worldwide.

Will be interesting to see if there's follow through during the open trading in the US.

If so, hold on to your hat Monday am.

 

[Dona Ferentes]

ASX futures are pointing down 93 points or 1.2 per cent to 7786.

• AUD : +0.4% to US63.22¢
• Bitcoin : -4.7% to $US82,018
• Wall St : Dow -4%, S&P -4.8%, Nasdaq -6%
• VIX : +8.26 to 29.77
• Gold : -0.9% to $US3108.38 an ounce
• Brent oil : -6.7% to $US69.91 a barrel
• Iron ore : -1.5% to $US101.25 a tonne
• 10-year yield :US 4.04%, Australia 4.26%

 

[Dona Ferentes]

worse, far worse. what will Monday bring, eh Sean?

Evening Wrap: ASX 200 gripped by panic as STO, WDS dumped, supermarkets only place to hide .. The S&P/ASX 200 closed 191.9 points lower, down 2.44%​

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Evening Wrap: ASX 200 gripped by panic as STO, WDS dumped, supermarkets only place to hide

No doubt by now, you've all heard the headlines: Aussie stocks got absolutely pasted today. As in, the Energy sector fell 8% (Santos (STO) (-9.4%) and Woodside Energy (WDS) (-9.1%) among the many big casualties). But it wasn't all red ink. Consider supermarkets – we all still have to go to those...

www.marketindex.com.au

 

[qldfrog]

Blood in NY..outch on Monday

 

[Dona Ferentes]

Blood in NY..outch on Monday

And closing for a week

• AUD : -4.5% to US60.42¢
• Bitcoin : +2.3% to $US83,866
• Dow -5.5%, S&P -5.97%, Nasdaq -5.82%
• VIX : +13.14 to 43.16
• Gold : -2.5% to $US3038.64 an ounce
• Brent oil : -5.5% to $US66.30 a barrel
• Iron ore : -2.4% to $US99.45 a tonne
• 10-year yield : US 4.01%, Australia 4.21%

ASX futures are pointing down 331 points or 4.29 per cent to 7388.

All US prices near 4pm New York time.

 

[debtfree]

And closing for a week

• AUD : -4.5% to US60.42¢
• Bitcoin : +2.3% to $US83,866
• Dow -5.5%, S&P -5.97%, Nasdaq -5.82%
• VIX : +13.14 to 43.16
• Gold : -2.5% to $US3038.64 an ounce
• Brent oil : -5.5% to $US66.30 a barrel
• Iron ore : -2.4% to $US99.45 a tonne
• 10-year yield : US 4.01%, Australia 4.21%

ASX futures are pointing down 331 points or 4.29 per cent to 7388.

All US prices near 4pm New York time.

Yeah not good at all DF.

A quick look around the world yesterday/last night and an early look at Monday morning's Market Index USA Industry ETFs table.

 

[Dona Ferentes]

Markets in the United States closed out a brutal week with a deepening sell-off on Friday, triggered by growing fears that President Donald Trump’s new tariffs could ignite a global recession.

The Dow Jones Industrial Average fell 2,231 points, or 5.5%, to 38,315, marking its worst single-day decline since June 2020. Combined with Thursday’s losses, the Dow has dropped nearly 4,000 points in two days.

The broader S&P 500 lost nearly 6% on Friday, now down over 17% from its recent high, while the Nasdaq Composite slid 5.8%, officially entering bear market territory—down more than 22% from its December peak.

Technology stocks led the rout. Apple shares fell 7%, while Nvidia and Tesla lost 7% and 10% respectively, all hit hard by concerns over their China exposure. Boeing and Caterpillar, both major exporters, also suffered heavy losses.

Markets were spooked by China’s response to Trump’s sweeping 10% tariffs, with Beijing imposing a 34% tax on all US imports and targeting major American firms. China also launched an antitrust investigation into DuPont and added multiple US companies to its “unreliable entities list.”

Treasury yields tumbled as investors fled to safer assets, and the volatility index surged past 40—a level associated with extreme market stress.

ASX set for heavy losses

The fallout from Wall Street’s $9 trillion wipeout is expected to reverberate through local portfolios. Australian markets are poised for steep declines when trading resumes on Monday, with futures pointing to a 331 point or 4.29% drop at the open—its biggest one-day fall since May 2020.

Fund managers are warning of systemic pressure as investors pull out of risky assets. Some Australian funds are already nursing heavy losses for the year, and margin calls are mounting globally. Hedge funds have been forced to liquidate positions, and retail investors who bought the dip last week were caught in a sharp reversal on Friday.

The three months to March marked the ASX’s worst quarter since the pandemic.

Commodities are lower, and one Australian dollar is buying 59.99 US cents

 

[qldfrog]

Ok i summarise :
Let the show begin!
Wishing everyone a good outcome today

 

[Dona Ferentes]

And one last bit, for people who like information as graphics.

last Friday :

.
and today .....

time for the scapular posterior depression or the costoclavicular maneuver.

 

[wayneL]

I'm holding off on any bottom picking for now, in deference to Confucius' sage trading advice.

Futs looking fugly.

(Wishing I could brag about having shorted the crap out of everything. Alas, no )

 

[eskys]

Most of us have time to fix a pain, but an organ abruptio can lead to death of one or more

 

[basilio]

Markets in the United States closed out a brutal week with a deepening sell-off on Friday, triggered by growing fears that President Donald Trump’s new tariffs could ignite a global recession.

The Dow Jones Industrial Average fell 2,231 points, or 5.5%, to 38,315, marking its worst single-day decline since June 2020. Combined with Thursday’s losses, the Dow has dropped nearly 4,000 points in two days.

The broader S&P 500 lost nearly 6% on Friday, now down over 17% from its recent high, while the Nasdaq Composite slid 5.8%, officially entering bear market territory—down more than 22% from its December peak.

Technology stocks led the rout. Apple shares fell 7%, while Nvidia and Tesla lost 7% and 10% respectively, all hit hard by concerns over their China exposure. Boeing and Caterpillar, both major exporters, also suffered heavy losses.

Markets were spooked by China’s response to Trump’s sweeping 10% tariffs, with Beijing imposing a 34% tax on all US imports and targeting major American firms. China also launched an antitrust investigation into DuPont and added multiple US companies to its “unreliable entities list.”

Treasury yields tumbled as investors fled to safer assets, and the volatility index surged past 40—a level associated with extreme market stress.

ASX set for heavy losses

The fallout from Wall Street’s $9 trillion wipeout is expected to reverberate through local portfolios. Australian markets are poised for steep declines when trading resumes on Monday, with futures pointing to a 331 point or 4.29% drop at the open—its biggest one-day fall since May 2020.

Fund managers are warning of systemic pressure as investors pull out of risky assets. Some Australian funds are already nursing heavy losses for the year, and margin calls are mounting globally. Hedge funds have been forced to liquidate positions, and retail investors who bought the dip last week were caught in a sharp reversal on Friday.

The three months to March marked the ASX’s worst quarter since the pandemic.

Commodities are lower, and one Australian dollar is buying 59.99 US cents

So it seems that a number of big players have already been burnt "buying into the dips"

Hedge funds who play the stock market casino game are flashing amber. I wonder who will be on the other side of the sell calls ? And will there be enough to prevent a disorderly market ?

I don't believe it is feasible for Super funds to make big exit calls. Last year when big players exited from FMG for example the price dropped precipitously. And that was in an overall reasonably good market situation. Today and tomorrow ?

I wonder if Warren Buffet is still on the sidelines waiting to pick up the pieces ?

 

[qldfrog]

I'm holding off on any bottom picking for now, in deference to Confucius' sage trading advice.

Futs looking fugly.

(Wishing I could brag about having shorted the crap out of everything. Alas, no )

Only one short and that's not even on index..we will see

 

[Dona Ferentes]

I'm holding off on any bottom picking for now, in deference to Confucius' sage trading advice.

Futs looking fugly.

(Wishing I could brag about having shorted the crap out of everything. Alas, no )

when they come, the sharp and swift short covering rallies make it hard to nail.