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20/01/24
16:20
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Originally posted by cha:
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spx up. volume reported on before and spx still following through last year strong job numbers meant inflation up still and market fell. now it is the opposite last weeks decent job number now somehow means us economy doing well and we see the market rise load of codswallop in a twisted financial world but seems to happen i experienced this painful stop start recovery period in 2016 to 2018 and saw the same thing. during the falls good reports got hammered. then it changed and it was the opposite. i know it is confusing. better to stick to the charts technically spx now through that 4800 level. no surprises there but very tepid and hesitant so again care is needed. i am feeling happier with it all USD, gold spx all painfully balanced. which ones win this leg here and now? we get a few more asx stock reports this week last week saw evn hammered on a decent report which was slightly subpar lot of upside once market more stable. evn report highlights a decent 2024 is expected internally and just needs macros a bit clearer we will see what other opportunities arise. 2023 was a difficult year with costs up for all companies. now the ones who survive should see some growth opportunities the volume i have seen remains in the spx and to a less extent copper buy the dips for mine
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A chart I'm intrigued with at present is CSI 300 code 000300 the daily bar left some optimism for reversal, tight, I think we resource lovers need to see China turn. CSI 300 is possibly a good index to track atm. Enjoy this thread immensely when I get the time to squiz, best on HC IMO