NZSX50 - Good News!

[Hoop]

With the ASX and NZX indices coming closer to each other by a little over 100 points so far today,
dare one wonder if the trend might continue such that the NZ50 grows to exceed the ASX 200.
Might NZ assume the mantle of the lucky country?

At close yesterday NZX50 5260 ASX200 5264 Maybe tomorrow NZ will be the lucky country

[MAC]

And, there it is NZSX50 5226 > ASX200 5192

[Beagle]

WOW a lot has changed in the last few weeks. Massive U.S. volatility, Europe tanking, China slowing, Germany slowing, Ebola spreading, Dairy prices continuing to fall off the edge of a cliff...its scary out there. I reckon it could be a case with the NZX or ASX of picking the least ugly sister, neither looks especially attractive at present. Cash is starting to look very good again.

[bunter]

Cash is starting to look very good again.

So the trend is over?Attachment 6317

[mp52]

Or it isn't. Four weeks ago on this thread opinion favoured the market versus cash/bonds. The point is - no one really knows.

[percy]

Well I looked up the chart and going from both 50day EMA and 200 day EMA the up trend is in tact.The RSI is positive too.

[Hoop]

Well I looked up the chart and going from both 50day EMA and 200 day EMA the up trend is in tact.The RSI is positive too.

Yep ...our index is still trading near our record highs*** while the ASX is in its one month old correction is currently 9% down from its high point (well below its 2007 record high)

*** Hmmm shall we celebrate?? ..Hmmm a couple of storm clouds out there...my favourite DMA indicator have a bearish line crossover today

Ohh what the Hell lets celebrate..and I mentioned on the All Ords thread this below

At Last!!!!!!!!!!!!!!!!!!...

Us Kiwi's celebrate ASX/NZX parity

As I write

NZX50 at 5209...ASX200 at 5195............

[Onion]

And, there it is NZSX50 5226 > ASX200 5192

But as Brian Gaynor point out in the Herald, the NZX50 is a gross index so you cannot compare directly with a capital index such as the ASX.

[MAC]

But as Brian Gaynor point out in the Herald, the NZX50 is a gross index so you cannot compare directly with a capital index such as the ASX.

Yes, it is really merely a point of long awaited idle occurrence, any reason for a beer is a good one, as they say.

[Beagle]

So the trend is over?Attachment 6317

Looks okay in the rear view mirror but the storm clouds on the horizon looking forward, not so good.