XAO 0.57% 8,754.7 all ordinaries

Apple reporting earnings after the US markets closes tonight. If...

  1. 1,211 Posts.
    lightbulb Created with Sketch. 319
    Apple reporting earnings after the US markets closes tonight.
    If positive the markets should continue to rally.
    If negative then we can probably expect a drop on open tomorrow.


    Nasdaq Daily
    The Nasdaq may be in the process of creating an "Evening Star" pattern.
    This could be on anticipation of tonight's earnings results...?

    Screen Shot 2018-11-01 at 10.16.30 am.png


    ASX 200 Daily
    There seems to be some profit taking, taking place after the recent bounce.
    Today is showing a bit of a bearish candle.
    I've noticed a few stocks that have rallied hard with the bounce are also looking a little overextended now and have a similar pattern..

    Screen Shot 2018-11-01 at 10.23.49 am.png



    ASX Gold Daily index
    The index is showing a bullish pin bar candle today.
    I've noticed most ASX Gold stocks have turned up today.
    Gold stocks seem to be running inverse to the rest of the market.

    Screen Shot 2018-11-01 at 10.25.03 am.png

    Tonight may see an important turning point going into the US mid-term elections.
    Strength tonight may offset some of volatility for the elections, weakness may contribute.


    Like @Malaga mentioned, day-trading and short-term holds in the direction of the market seem to be the right trading strategy at the moment.
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
(20min delay)
Last
8,754.7
Change
49.700(0.57%)
Mkt cap ! n/a
Open High Low
8,705.0 8,771.3 8,705.0
XAO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.