XJO 0.81% 7,971.6 s&p/asx 200

Did you guys notice Oz's Thu's unemployment stats release went...

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    Did you guys notice  Oz's Thu's unemployment stats release went from 4.0 to 4.1%?  When it went to 5%+ in 2008, that when the market started heading south.

    The Nasdaq has been going up 3 months, then 3 months down to touch the 100SMA every 6 months. So we've just gone up 3 months, just remains to be seen whether this is a casual slide down to touch the 100SMA in Oct,  or develops into a full blown crash. Ive started accumulating SNAS again.

    upload_2024-7-19_8-44-9.png

    A Curious anomaly  on Tuesdays data in my daily ASX checks.  Despite the XAO going negative, the 1 year high to one year low stock ratio shot up to 1060%. Havent seen these ratios since the euphoric buying in April 2020.Also stocks making 5%+ losses on the day excceded those making 5%+ gains by almost 50%. That is very unusual too, because most of the time the gainers have always exceeded the losers.

    So Perhaps the Ozzie market makers decided at that point , in tandem with US market ructions  "Yep, the Blinkered Bull Brigade cant get any more silly than this", and decided now is a good time to get out of the market.

    upload_2024-7-19_8-46-10.png

    Also @Ewebute, did you notive the volume dropoff on BRK-A?  Tightarse Wazza has given up on th markets, remember, and is parking $189B cash.  Looking shortable?

    upload_2024-7-19_8-51-16.png
    Last edited by Load: Today, 08:58
 
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