Read the news,headlines, then analyse and go with what make sense to you.
Apple posted positive quarter report after the close of the Dow yesterday plus the Chinese GDP was better than analysts estimates----------yet, the DOW future was in the red 71 points yesterday,Aussie day time-------did not make sense.
Sales of US. existing home sales was expected to be good, mentioned in the market calender on bloomberg ( it did make sense with BLD in green yesterday).
http://www.bloomberg.com/news/2014-...homes-rose-in-september-to-one-year-high.html
Yesterday, Lynas opened in the black, then red and closed in the green.
Yesterday, Dow future nearly flat near the open of ASX, then went in the red 71 points and changed in the green that night, right now DOW 185.82 points in the green.
World Stock Indexes AMERICAS Index Name Value Change % Change Time Dow Jones Industrial Average 16,585.49 +185.82 +1.13% 13:48:23 S&P 500 Index 1,933.95 +29.94 +1.57% 13:33:11 NASDAQ Composite Index 4,393.79 +77.72 +1.80% 13:32:50
Stock Futures AMERICAS Index Future Future Date Last Net Change Open High Low Time Dow Jones Indus. Avg Dec 14 16,500.00 +169.00 16,348.00 16,500.00 16,210.00 13:34:56 S&P 500 Dec 14 1,928.50 +28.60 1,902.90 1,929.00 1,886.00 13:38:49 NASDAQ 100 Dec 14 3,944.00 +78.00 3,877.75 3,945.00 3,846.25 13:39:15
Market manipulation: the Chinese GDP figures were better than market expectation, MGX put on 2.5c the day before the news on Monday(IMO, inside trading).
Yesterday, with the release of the Chinese data, MGX was in the red-----------did not make sense today (may be sell on the news).
Today, MGX will put on good gains when ASX opens and if later in the day, there is a sell off, it will be the least affected.
In short:
The pattern of the trade in Lynas was influenced by the pattern DOW future
Chinese data was good as predicted.
US existing home sales data was good as predicted.
DOW future moved from red to green as predicted.
Gold is up and the DOW is up as predicted.
That comes from proper reading, understandig and thinking, rather than sitting in front of the screen looking at the share price moving 0.1c up or down.
Life is not just about trading shares, it is about proper job, being a contributor to the society we live in, reading about economy,politics,practicing sports,travelling around the world, helping poor people, charity work and be respectable to your friends and nice to strangers( obviously if they are nice to you).
These are my opinions and thoughts, not an investment advice.
DYOR
