XAO 0.70% 8,539.0 all ordinaries

Short Term Trading Week Starting: 26 November 2018, page-65

  1. 1,371 Posts.
    lightbulb Created with Sketch. 369
    The Christmas rally is usually only the last week of December.
    So I'm not holding onto stocks for 6 weeks in hope of a 1 week rally near Christmas time...


    Trump and Xi are meeting this weekend at the G20 meeting to discuss "Trade tariffs".
    2 likely outcomes,

    1. A supposed "positive" deal is made for the media.
    - A short-lived 1-3 day bounce in the markets that will likely be sold into, then indexes will go on to make new lows.

    2. A "negative" outcome, no deal is made.
    - Very likely send the indexes straight down to new lows.



    It doesn't really matter whether a trade deal is reached or not because ultimately both of their economies are slowing..
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.