They will be a lot of thing the Chinese will want from their investment but I am not sure if retail punters there will be able to participate or the method of that punt. This is just one of many opportunities for the Chinese and as you can see the first day of crude oil future trading in Shanghai new crude futures deliverable attracted Yuan 10Billion on the first hour according to Zerohedge. Bloomberg also has an interview commentary suggesting that 70% of registered new crude future contract accounts were retail sector!
DOW/SP500 sets the sentiment for the day in Oz. It is a psychology thing and you can see each time there is a massive sell off overnight in NY, there is likely sell off here or no rise for the better ones. I hope the US markets settle down or else people will sell then ask question.
Today could be a dead cat bounce since the SPI futures did not have a follow through buying. With this type of volatility, it is difficult for our market to get any traction because sometimes being sucked in by false confidence (relief rally) could get a big haircut gap down tomorrow if US also is a dead cat bounce. However from a longer term positional investor, any big sell off are great buying opportunities provided the talk isn't about market top crash but dip buying correction. Not easy to distinguish so using FA is probably the only way sometimes.
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Last
50.5¢ |
Change
-0.075(12.9%) |
Mkt cap ! $45.56M |
Open | High | Low | Value | Volume |
54.0¢ | 55.0¢ | 50.5¢ | $29.13K | 55.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 943 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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54.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 943 | 0.505 |
3 | 22000 | 0.500 |
1 | 20000 | 0.480 |
1 | 500 | 0.470 |
1 | 1300 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 10000 | 1 |
0.550 | 20000 | 1 |
0.595 | 1000 | 1 |
0.600 | 12000 | 1 |
0.610 | 20000 | 1 |
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