Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.27%

8,036.5 s&p/asx 200

I agree with most of that The only part I disagree on is if the...

First 91 Last

Share
Profile

Follow
TheFadz

6,447 Posts.

1059

04/10/22

15:09

Post #: 64020868
Share
Originally posted by Neo888: ↑

Although i think these could be mistakes, im here to make a profit and right now my greatest profit will come if we keep moving higher. The next few things that could cause a sustained ripper rally are:

Next CPI comes in under est
Fed does 50bp (25 would be even better) at the next meeting and hints at only 25 for the one after
Earnings come in better than expected

If all 3 happen we'll get a huge rally into xmas. Obviously there are other risks and variables as well.

All that being said, i dont think we've seen the bottom in the mid-long term.

Expand

I agree with most of that
The only part I disagree on is if the 10yr bond yields have peaked, we've already seen the market bottom

It can get close again to make sure nobody holds long positions but I'll be keeping an eye on the AUD & 10yr bond yields over the next few sessions

Still expecting some volatility
A 200 point drop from 6700 back to 6500 (or higher) is a lot more comfortable than from 6600 to 6400
XJO Value at posting: 6,687.2
2 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

CC9

Wyoming could be America's next hard rock battery metal province – and Chariot Corporation can help

NRX

Noronex joins forces with South32 to look for copper in Namibia

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

Talking Australia's very competitive property landscape: Realty Talks

There are more pages in this discussion • 207 more messages in this thread...

First 91 Last

Add XJO (ASX) to my watchlist