Here's TSLA after it recently went way up on earnings. Are you saying there's something after the jump that is explained by technicals?
How can you even claim that technicals matter?
- Thread starter farmerjohn1324
- Start date
Here's TSLA after it recently went way up on earnings. Are you saying there's something after the jump that is explained by technicals?
I think in these instances, Trump tweets are affecting futures temporarily, as we know, this is a speculative instrument, not actually the real deal market. Futures jump at Trump's sneezes, probably also they jump when a platypus sneezes.It is interesting how many posts we read complaining that news reports of Trump's tweets make markets harder to trade.
Yet news doesn't affect markets?
It's not just the futures. It's the index itself.
Zoom out, the market is in an uptrend, get long. What is there to explain ?
Do you want to be right or do you want to make $$ ?
Really??!!
Yea really. Here's an example...
https://www.google.com/amp/s/amp.ft.com/content/3f4a3fc8-1c89-11ea-97df-cc63de1d73f4
In that case, we're always in an uptrend.
Then buy, what’s the point of this thread ?
Coronavirus outbreak
Australian sharemarket set to dive as virus fears sink global markets
The Australian sharemarket is poised to drop more than 100 points at the open, while China's sharemarket is set to resume trading.
Australian sharemarket set to dive as virus fears sink global markets
The Australian sharemarket is poised to drop more than 100 points at the open, while China's sharemarket is set to resume trading.
- 2 hours ago
- by Alex Veiga
Government Intervention Won’t Save China’s Stock Market
Chinese authorities know their citizens are panicking over the coronavirus, and the last thing they need is a stock market collapse to make the situation worse. To prevent a crash, the government is intervening in the economy through capital injections and other strategies.
The Chinese government will pump 1.2 trillion yuan ($174 billion) [PBoC] into financial markets to try and control volatility in equity prices. The capital will come in the form of reverse repo operations – a way of buying securities. The authorities will also employ less direct measures like subsidies and loans for business in the hard-hit Hubei region. [Chinese Ministry of Finance]
But according to Bloomberg, this will only be a net increase of 150 billion yuan ($21.7 billion) because over 1 trillion yuan in short-term funds will expire on Monday [Bloomberg].
That’s a drop in a bucket compared to the 40 trillion yuan in total market cap estimated for Chinese equities in 2018 [Statista].
Expect Panic Selling on Monday
https://www.ccn.com/beijing-cant-save-chinas-stock-market-from-a-coronavirus-reckoning/
Chinese authorities know their citizens are panicking over the coronavirus, and the last thing they need is a stock market collapse to make the situation worse. To prevent a crash, the government is intervening in the economy through capital injections and other strategies.
The Chinese government will pump 1.2 trillion yuan ($174 billion) [PBoC] into financial markets to try and control volatility in equity prices. The capital will come in the form of reverse repo operations – a way of buying securities. The authorities will also employ less direct measures like subsidies and loans for business in the hard-hit Hubei region. [Chinese Ministry of Finance]
But according to Bloomberg, this will only be a net increase of 150 billion yuan ($21.7 billion) because over 1 trillion yuan in short-term funds will expire on Monday [Bloomberg].
That’s a drop in a bucket compared to the 40 trillion yuan in total market cap estimated for Chinese equities in 2018 [Statista].
Expect Panic Selling on Monday
https://www.ccn.com/beijing-cant-save-chinas-stock-market-from-a-coronavirus-reckoning/