A note from a very conservative trend trader.
A week that is pretty full of economic data releases - in US, GER, EU, mainly, and a little with HK/CH, and AU.
For some reason, 10Y yield decreased again, and VIX spiked up a little. Additionally, China and HK have some bearish sentiments - with their TECH listings overseas.
Regarding US indices (SPX) and XJO; based on sentiment they could be a little bearish in the beginning of the week, being readied to be pumped up post cash rate decision (Thursday morning 04.00) or even post those, because job numbers are going to be released end of week.
I will trade cautiously this week with regard to US because of the announcements @ end of week. I will be ready to buy dips @ support levels, only to be released at HH. With XJO, I am eyeing to buy at support, to be released at HH - depending on chart and/or news (earnings start in August).
I am instead concentrating on DAX & Hong Kong this week.
- Forums
- ASX - By Stock
- XJO
- 19/07 Week
19/07 Week, page-653
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,091.9 |
Change
46.800(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
8,045.1 | 8,091.9 | 8,045.1 |
Featured News
XJO (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online