NZSX50 - Good News!

[Hoop]

John Key suggesting that the economy is still in good shape despite the steep collapse in the dairy price...Yeah right, hand me another Tui...oh wait, even Tui are laying off workers.
http://103.14.3.1/news/election-2008...o-cut-24-staff

He may still believe in Self fulfilling prophecies..Roger...so let us all spread the word..all's good....... did that work?... Ah ha..Did you see that rockstar..I did I saw a Rock Star lets spread the word ...good times are here again.....

hmmm ......I think I've forgotten to take my pills

[Beagle]

Yeah mate. Shares hit seven month low on Friday speaks for itself. If the economy is a rock star it has missing teeth and this cycle is older than Mick Jagger !! But John would have us taking happy pills and turn up the music regardless lol

Rather telling that the total for all stocks for the year in the ST competition is -3% for the year to date isn't it !! I presume that includes dividends, ouch !! Be careful out there folks, this could be a bear with claws

[noodles]

Of the 50 stocks on the NZX50 (funny that), 25 are above the 200D EMA. 25 are below.

Things seems to be in the balance.

It also appears to have diverged (to the downside) when compared to the S&P500.

[bull....]

back to the bottom of the trading range again 5700 - 5900 approx. been in this range since march, reminds me of some overseas markets sometimes be interesting what happens next week.

actually all markets have been hammered this mth apart from china and us utilities and treasurys - is this trying to tell us something

[Baa_Baa]

NZX50 Capital daily chart log scale, Friday open and close below the 200EMA. The upper candle shadow shows the morning rally on Friday followed by the sell down. I think the last break and close below the 200EMA was July 2012. The NZX50 Gross is still above the 200EMA

Anyone care to verify? I'm not sure if this dataset is valid.
Attachment 7519

[winner69]

some would say looking very much like late 2007

https://au.finance.yahoo.com/q/ta?s=...c&p=e200&a=&c=

The 2010 and the 2012 breach baabaa mentioned didn't do much damage - it still kept going up

[BlackPeter]

I am no chartist ... but so far it does not look like the end of the world to me. Still in the upward channel - bounce and nice upturn ahead?

NZX50trend.JPG

As well - wasn't 2007 a Global Financial Crisis? The rest of the world doesn't look that bleak to me ...

But hey - I guess soon we will know ...

[Baa_Baa]

Anyone know what happened at 3pm Friday that might have set off this sell down into the close? Surely not just the breakdown of the NZX50 Capital 200EMA?
Attachment 7523

[couta1]

Anyone know what happened at 3pm Friday that might have set off this sell down into the close? Surely not just the breakdown of the NZX50 Capital 200EMA?
Attachment 7523

Index rebalancing by the big boys apparently.

[Hoop]

Index rebalancing by the big boys apparently.

Thx Couta....I was wondering about that...

I see all bids and asks are gone from all NZX depth data ...So I guess that prevents automatic triggers firing off first thing Monday morning ...Am I correct in saying that???