tsptalk's Market Talk

[tsptalk]

The Shanghai Composite Index was down 13% last week. It seems that it was closed today (does anyone know why?). Our market has been affected before by problems with the Chinese market. In February 2007 our market dropped about 5% nearly overnight after the Shanghai Composite dumped.

It has been soaring over the last year and perhaps a 13% decline isn't a deal breaker, but it was the worst week in years for them. This is something to keep an eye on.

 

[tsptalk]

Holy Europe!

I had my doubts but it's like the definition of insanity... doing the same thing over and over again and expected a different result. Greece is saved yet again?

 

[wavecoder]

Holy Europe!

It's like the definition of insanity... doing the same thing over and over again and expected a different result. Greece is saved yet again?

kicking the can down the road. there will be another greek 'crisis' in 6 months, buy the dip when it happens :laugh:

 

[exnavyew]

I dimly recall a time when stocks/companies were judged on their merits and qualities and not their 'image' or what the Fed may or may not do, etc. etc. Was I dreaming then or am I dreaming now? :thinking:

 

[tsptalk]

The Shanghai Composite Index was down 13% last week. It seems that it was closed today (does anyone know why?). Our market has been affected before by problems with the Chinese market. In February 2007 our market dropped about 5% nearly overnight after the Shanghai Composite dumped.

It has been soaring over the last year and perhaps a 13% decline isn't a deal breaker, but it was the worst week in years for them. This is something to keep an eye on.

China's Shanghai Composite is down another 2.44% tonight. Meanwhile, Japan's Nikkei doesn't blink - up 1.6%.

 

[exnavyew]

China's Shanghai Composite is down another 2.44% tonight. Meanwhile, Japan's Nikkei doesn't blink - up 1.6%.

 

[weatherweenie]

China's Shanghai Composite is down another 2.44% tonight. Meanwhile, Japan's Nikkei doesn't blink - up 1.6%.

DAX and CAC were up almost 4% on Monday. Up another 1+% today.

 

[tsptalk]

DAX and CAC were up almost 4% on Monday. Up another 1+% today.

Yeah, saw that. The dollar's up 1.24% right now so it will be interesting to see what the I-fund does today.

Holy Europe!

I had my doubts but it's like the definition of insanity... doing the same thing over and over again and expected a different result. Greece is saved yet again?

 

[tsptalk]

China's Shanghai Composite is down another 2.44% tonight. Meanwhile, Japan's Nikkei doesn't blink - up 1.6%.

It ended up rallying in the 2nd trading session: It closed UP 2.19%. How'd you like to day trade that index? :1244:

 

[userque]

... How'd you like to day trade that index? :1244:

If it moves; I can trade it. :cheesy:

 

[tsptalk]

Have you ever traded DAX futures? Wow, that's a widow maker. The intraday swings are crazy. I've seen a lot of casualties. I won't touch it.

 

[userque]

Have you ever traded DAX futures? Wow, that's a widow maker. The intraday swings are crazy. I've seen a lot of casualties. I won't touch it.

LOL No, but because of your post, it's on my bucket list.

I've only traded stocks (etf's etc.) and options. No futures or forex yet.

 

[exnavyew]

[h=1]What matters most for markets' next move[/h]
https://finance.yahoo.com/news/fitting-the-pieces-for-the-markets--next-move-114735388.html

 

[tsptalk]

What matters most for markets' next move


https://finance.yahoo.com/news/fitting-the-pieces-for-the-markets--next-move-114735388.html

Finally... someone talking about China.

It’s unclear whether it’s impressive or alarming the way the Chinese market’s gyrations fail to nudge U.S. stocks one way or the other.

The Shanghai (000001.ss) stock market soared higher and faster into its springtime high than the Nasdaq (^IXIC) did heading into its climactic peak in 1999 and 2000. Since then, the market has grown unstable and treacherous.

Last night, the market there dropped nearly 5%, before reversing higher to end with a 2% gain.

 

[exnavyew]

Finally... someone talking about China.

There's more than a few 'China' stories Tom. I went to Yahoo finance and 'googled' 'China'
and there's a lot of hits.
For example:

[h=1]China's Stocks Pare Losses After Steepest Slump in Seven Years[/h]
http://finance.yahoo.com/news/china...jMTJpBGNvbG8DYmYxBHBvcwMxMAR2dGlkAwRzZWMDc2M-

 

[FogSailing]

Thanks for posting. I haven't been following China as closely the last few days but this statement raises a few eyebrows:

Margin Debt
Most of this year’s biggest declines in the Shanghai Composite, including a 6.5 percent slump on May 28, were sparked by investor concerns over margin-trading restrictions. There’s at least $364 billion of borrowed money riding on stocks in Shanghai and Shenzhen. The securities regulator announced plans June 12 to limit the amount brokerages can lend for stock trading, while banning firms from helping investors to get access to margin debt through off-exchange deals.

“The A-share market correction is likely to continue in the short term as the leverage- or liquidity-driven beta rally could be over,” HSBC Holdings Plc analyst Stephen Sun wrote in a report today.

If Greece implodes and has a major negative influence in EU and China has a market meltdown to address this equity debt...hmmmmm. Let's hope the Chinese issue is managed better than the Greek issue. At least the scale of the problem seems less because of China's size and because the Chinese have boo-koo bucks.

FS

 

[exnavyew]

Ok FS, even hinting at the POSSIBILITY that China could become the new 'Greece' is NOT funny...it's REALLY... NOT...FUNNY!
Now if you'll excuse me I'm off to learn about Gold, Silver etc. and check out some survivalist websites while I'm at it to boot. :cheesy:

 

[tsptalk]

As we talked about in today's Commentary, the Transports hit a bit of a brick wall where resistance was gathering.

 

[tsptalk]

The gap in the Russell has been filled. It was also filled on the Dow Completion / Wilshire (S-fund) but that gap was very small so it was easier to show it on the RUT. Next level of support here if the bottom of the gap doesn't hold is about 1277 - 1279.

 

[tsptalk]

The Shanghai resumed its volatility last night falling 3.5%.

Before last night's action...