Tags » Australia & NZ

ASX 200 strong rally

The ASX 200 is rallying strongly, led by US and Chinese markets. Breakout above 5650 would indicate an advance to 5750. Completion of another 13-week Twiggs Money Flow trough above zero would strengthen the signal. 33 more words

Stock Markets

S&P 500 recovers but Europe remains weak

  • Europe continues to test support.
  • S&P 500 recovers.
  • VIX continues to indicate a bull market.
  • China bullish.
  • ASX 200 recovers.

Dow Jones Europe Index continues to test its primary trendline and support at 315/325. 127 more words

US & Canada

ASX rallies

The ASX 200 rallied after a strong showing in US and Chinese markets. Recovery above 5550 would suggest an advance to 5750. Completion of another 13-week Twiggs Money Flow trough above zero would strengthen the signal. 34 more words

Stock Markets

Australia's Major Banks Say The Murray Enquiry Used The Wrong Numbers... | Business Insider

From Greg McKenna:

The AFR reports ….the Australian Bankers Association CEO Steven Munchenberg said the banks are “concerned that if some of the statements in the interim report – that Australia’s capital is middle of the road, that housing is a ­systemic risk – are allowed to remain unchallenged and are then taken out of context that is going to cause us a lot of future grief”.

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Australia & NZ

Europe tests primary support

Summary:

  • Europe threatens reversal to a down-trend.
  • S&P 500 finds support.
  • VIX continues to indicate a bull market.
  • China’s Shanghai Composite encounters selling pressure.
  • ASX 200 experiences a secondary correction.
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US & Canada

ASX equity shrinking

From Chris Pash:

Credit Suisse’s Equity Strategist Hasan Tevfik says the cost of debt is very low relative to the cost of equity….This means that few equities are being added to the Australian market because companies are using cheap debt, rather than going to their investors or shareholders, to raise cash for expansion or investment.

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Stock Markets

ASX 200 faces 3 major factors

The ASX 200 found short-term support, with a long tail at 5500, but there are no significant volumes to indicate a concentration of buyers. Expect further weakness unless the Dow and S&P 500 reverse direction overnight. 121 more words

Stock Markets