For me, there's an interplay between mental, technical and fundamental factors.
At the moment, mental factors / sentiment etc dominate. This is why I think as more bad news comes out we'll see more declines.
Fundamentals though put a floor under things at some point. A junior with a need to raise capital at the moment may well see a SP trade all the way down to 0. Someone like BHP has very little chance of trading to nothing. When BHP starts hitting silly p/e ratios then the plummet likely slows (although the E in the p/e is the critical question mark). So although I think it's wise to trade sentiment at the mo, there's still a faint trace of fundamentals affecting the range to which sentiment impacts. So, SP is influenced by variables M T and F - and the relative signal strength of those three variables fluctuates.
I too, as I've said, am trading sentiment at the moment simply because for now it's the noisiest signal.
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Last
$42.30 |
Change
0.760(1.83%) |
Mkt cap ! $214.5B |
Open | High | Low | Value | Volume |
$41.32 | $42.30 | $41.18 | $505.2M | 12.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1220 | $42.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.30 | 12134 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1220 | 42.200 |
1 | 1200 | 42.120 |
1 | 12 | 42.110 |
1 | 200 | 42.100 |
1 | 780 | 42.090 |
Price($) | Vol. | No. |
---|---|---|
42.320 | 11562 | 4 |
42.350 | 17169 | 3 |
42.380 | 120 | 1 |
42.400 | 730 | 2 |
42.420 | 11239 | 6 |
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