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Go for a hike Thursday, page-2

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sadj89

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13

14/12/16

17:29

Post #: 21339659
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Originally posted by V* ↑

Thursday 15th December 2016 will be...
"Shall we go for another hike?" day.
View attachment 377825

So much data coming out today, including the big one:
Will the Fed raise interest rates again?
(Get up early for that one. 6am AEST.)

NEWS FOR TODAY:
source: http://www.investing.com/economic-calendar/
---------------------------------------------------------------------------------
View attachment 377828

My eyes will be keenly watching Gold and US dollar.
Also keen to see if the US market likes this idea of a hike and pull back or not.
I've read plenty of arguments, charts and articles of late about the US market being too lofty, but potentially just quick out of the starting gate and beginning another major upswing under the Trump(et).

Onto the XJO chart.
Following on from yesterday, when it seemed we were uncertain about moving above the previous high, today the XJO put in a fairly decent push to get up over that high from 23rd of August. We continue the uptrend, along with the Dow J and FTSE, both doing pretty well recently.
Personally I am still keen to short the markets but with the bullishness on the Dow, and recently bullish performance of both the DAX and FTSE, it seems the markets only want to continue further. Probably wise to 'hold' for the time being, as @h00ts so eloquently put it earlier with this image.

Santa rally????
View attachment 377855

and just one more cartoon for yas, in true Jacko fashion.

View attachment 377861

Hope you are enjoying the break @Jako64.
V* out...

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Thanks V*, doing a great job mate

XJO Value at posting: 5,584.6
3 Upvote

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Last 7,767.5		Change 7.900(0.10%)		Mkt cap ! n/a

Open	High	Low
7,759.6	7,819.0	7,754.9

Go for a hike Thursday, page-2

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Go for a hike Thursday, page-2

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