looks like nz stocks wont perform until the bottom group rotates back into favour, no xmas rally for NZ?
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looks like nz stocks wont perform until the bottom group rotates back into favour, no xmas rally for NZ?
Hmmm..Ultilities are lagging indicator stocks and termed defensive stocks....They have been out of favour for a while now (NZ incl) ..with that in mind it seems investors are once again enthusiastic ...The Global Bull has grown another set of legs..
Bugger ;contrariwise I've had an invisible instruction/ instinct/ caution to build some cash ;in Aus anyways.
I dont think one can criticize that ,the signs are there,just no ones paying any heed to them(have you noticed how many times headlines have used the words ''shrugged off'' lately)---We cant be right all the time---Im in New Zealand and have Gold--not to flash on that chart posted:p
yeh, about that level - based on the first wave being around 700 points long then the 5th could be similar and would take it to 2500
Attachment 8508
I don't think it's going to come good until just after the first reporting season comes out.
the trump santa rally is still rolling on dow 20k only 400pts to go to meet the target breakout from the 2yr consolidation :t_up: thata be 2500 pts from the initial trump thump hahaha actually funny is that looks like some big money got in early for the trump win only have to look how the dow transports took off even before the election.
Nz struggling around the 6900 level guess the NZX needs some more growth stocks to get a balanced market.