A compelling picture is emerging on the$S&P/ASX 200 (.XJO.AU)$chart. The index is approaching a crucial chart point at 8,060 just as Australian voters prepare to go the polls on Saturday. The positioning of the index indicates a potentially huge market reaction to the election result – in contrast to polls that show a Labor victory is increasingly likely. The chart point would draw traders’ attention even without the backdrop of a federal electi...
TWIMO (151403908)
:
Wow! Fascinating chart… I always wondered if decision maker’s reacts to the charts or the charts depicts their actions. I hope it is the latter because we need confident leaders. Anyways, I reckon neither party’s able to influence the market. Just don’t be as reckless as Morrison government damaging the wine and seafood industry…
Michael McCarthy CEO
OPTWIMO (151403908)
:
it's a fascinating question, and it's amazing the number of times that technical analysis has forecast a market surprise. A colleague once wrote an article called "Is Fibonacci a member of the FOMC?" (The Fed's decision-making group) after the USD/JPY charts predicted a surprise Fed move. Chicken and egg?
TWIMO (151403908)
Michael McCarthy CEO
OP
:
Please tell us which is the more likely one trader that I follow decided to Call on SPY and a few mag 7 stocks at that extreme oversell 2 weeks ago…. She got some real pleading and criticism for challenging markets seemingly searching for the bottom… boy did she call it correct…. all based on reading the technicals…. amazing…
Michael McCarthy CEO
OPTWIMO (151403908)
:
It's an important principle - those seeking better than average returns must go against the crowd, at least some of the time.
G'day, mooers! Check out the latest news on today's stock market! • Major U.S. stock indexes all fell slightly • Australian stocks open lower on global economic worries • Stocks to watch: SGR, ZIP and etc. Wall Street Summary On Tuesday, the White House made few major tariff announcements, saying only that Washington was making progress in bilateral trade discussions with some countries, but not with its main trading partner, Chi...
G'day, mooers! Check out the latest news on today's stock market! • Trump authorized a 90-day suspension of tariffs on more than 75 countries, but raised China's tariffs to 125%. • Australian stocks rally strongly as Trump suspends tariffs for 90 days. • Stocks to watch: QUB, WBC and etc. Wall Street Summary U.S. President Donald Trump authorized a 90-day pause on tariffs and reduced reciprocal tariffs to 10% for over ...
G'day, mooers! Check out the latest news on today's stock market! • U.S. stocks suffer biggest one-week drop in five years. • A sharp escalation in the global trade war and recession fears led to a fall in Australian stock market. • Stocks to watch: ASK, JHX and etc. Wall Street Summary The Nasdaq Composite Index fell into a bear market and the Dow Jones Industrial Average lost over 2,000 po...
G'day, mooers! Check out the latest news on today's stock market! • All major U.S. stock indexes close higher Wednesday, Trump unveils tariffs after hours • Australian stocks take a big hit on tariff policy • Stocks to watch: ANZ, TWE and etc. Wall Street Summary The Nasdaq Composite, S&P 500 and Dow Jones closed higher Wednesday as Wall Street waits for after-hours tariff policy. The$Nasdaq Composite Index (.IXIC.US)$rose 0.9% to 17,511.51, the$S&P 500 Index (.SPX.US)$added 0.7...
G'day, mooers! Check out the latest news on today's stock market! • Consumer confidence falls but major stock indexes still rise • Australian markets extend yesterday's gains, await February CPI data • Stocks to watch: PDN, HM1 and etc. Wall Street Summary The Conference Board reported on Tuesday morning that its consumer confidence index fell 7.2 points to 92.9 in March. Worse still, the index of expectations for the indicato...
G'day, mooers! Check out the latest news on today's stock market! • Stock market indexes soar after Trump says he may offer tariff relief to multiple countries • Australian stocks rise for fourth straight day • Stocks to watch: GOR, NHC and etc. Wall Street Summary Stock market indexes surged following reports that upcoming tariffs might exclude certain industries and countries. The Wall Street ...
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151453268 witso
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out of the blue surge must have sorted whos boss and got plant running smooth again.
TWIMO (151403908) : Wow! Fascinating chart… I always wondered if decision maker’s reacts to the charts or the charts depicts their actions. I hope it is the latter because we need confident leaders.
Anyways, I reckon neither party’s able to influence the market. Just don’t be as reckless as Morrison government damaging the wine and seafood industry…
Michael McCarthy CEO OP TWIMO (151403908) : it's a fascinating question, and it's amazing the number of times that technical analysis has forecast a market surprise. A colleague once wrote an article called "Is Fibonacci a member of the FOMC?" (The Fed's decision-making group) after the USD/JPY charts predicted a surprise Fed move. Chicken and egg?
TWIMO (151403908) Michael McCarthy CEO OP : Please tell us which is the more likely
one trader that I follow decided to Call on SPY and a few mag 7 stocks at that extreme oversell 2 weeks ago…. She got some real pleading and criticism for challenging markets seemingly searching for the bottom… boy did she call it correct…. all based on reading the technicals…. amazing…
Michael McCarthy CEO OP TWIMO (151403908) : It's an important principle - those seeking better than average returns must go against the crowd, at least some of the time.