Economy crash =/= stock market crash?

Type_45

sevenhills said:

Type_45 said:

Did you sell before or after the 50% rise?

After the rise. I also sold my Morrisons shares after their rise, but they have now accepted another buyout, so may go up some more.

I'd be surprised if Morrison's shares never go any higher than what you sold them for.

wmb194

Type_45 said:

sevenhills said:

Type_45 said:

Did you sell before or after the 50% rise?

After the rise. I also sold my Morrisons shares after their rise, but they have now accepted another buyout, so may go up some more.

I'd be surprised if Morrison's shares never go any higher than what you sold them for.

Well, prepare yourself. Bloomberg's reporting today that there's another bid, c.£6.3bn, from a consortium led by Fortress Investment Group. The LSE reports that at Friday's close Morrisons' market cap was £5.8bn. 

https://www.bloomberg.com/news/articles/2021-07-03/fortress-agrees-to-buy-morrison-for-about-8-7-billion-in-cash

coastline

Type_45 said:

Another strong day on the stock markets yesterday. 0.6% rise on my funds.

How are the 'heads and shoulders' and 'candles' looking? 

For those following the idea of a head and shoulders pattern its still there on the Bitcoin chart. 

E5Xv80mXwAMtUhJ (900×562) (twimg.com)

On the daily chart of the SP 500 the indicators are now on the top so you could say short term overbought. ? The distances between price and 100 and 200 day moving averages are extreme in the grand scheme of things.

$SPX | SharpChart | StockCharts.com

Averages highlighted here similar in the weekly charts.

E5W_be9X0AE9w_W (900×537) (twimg.com)

E5W8P5KWYAEXXvG (900×796) (twimg.com)

A bit of yield curve stuff . Who knows ?

E5WtyYNXEAAq60u (866×900) (twimg.com)

Take your pick and happy hunting.

EDIT. The distance between price and the 200 day average is at its highest since 1999. Around 40% higher on the weekly chart above. 3,000 and Price at 4350.
Warning lights for those who are concerned about locking in profits.

Type_45

coastline said:

Type_45 said:

Another strong day on the stock markets yesterday. 0.6% rise on my funds.

How are the 'heads and shoulders' and 'candles' looking? 

For those following the idea of a head and shoulders pattern its still there on the Bitcoin chart. 

E5Xv80mXwAMtUhJ (900×562) (twimg.com)

On the daily chart of the SP 500 the indicators are now on the top so you could say short term overbought. ? The distances between price and 100 and 200 day moving averages are extreme in the grand scheme of things.

$SPX | SharpChart | StockCharts.com

Averages highlighted here similar in the weekly charts.

E5W_be9X0AE9w_W (900×537) (twimg.com)

E5W8P5KWYAEXXvG (900×796) (twimg.com)

A bit of yield curve stuff . Who knows ?

E5WtyYNXEAAq60u (866×900) (twimg.com)

Take your pick and happy hunting.

Translation: the stocks 'head & shoulders' and 'candles' prediction of a few weeks ago on this thread has been proven wrong.

Quelle surprise.

Alistair31

Type_45 said:

coastline said:

Type_45 said:

Another strong day on the stock markets yesterday. 0.6% rise on my funds.

How are the 'heads and shoulders' and 'candles' looking? 

For those following the idea of a head and shoulders pattern its still there on the Bitcoin chart. 

E5Xv80mXwAMtUhJ (900×562) (twimg.com)

On the daily chart of the SP 500 the indicators are now on the top so you could say short term overbought. ? The distances between price and 100 and 200 day moving averages are extreme in the grand scheme of things.

$SPX | SharpChart | StockCharts.com

Averages highlighted here similar in the weekly charts.

E5W_be9X0AE9w_W (900×537) (twimg.com)

E5W8P5KWYAEXXvG (900×796) (twimg.com)

A bit of yield curve stuff . Who knows ?

E5WtyYNXEAAq60u (866×900) (twimg.com)

Take your pick and happy hunting.

Translation: the stocks 'head & shoulders' and 'candles' prediction of a few weeks ago on this thread has been proven wrong.

Quelle surprise.

Where’s the OP?

Type_45

Alistair31 said:

Type_45 said:

coastline said:

Type_45 said:

Another strong day on the stock markets yesterday. 0.6% rise on my funds.

How are the 'heads and shoulders' and 'candles' looking? 

For those following the idea of a head and shoulders pattern its still there on the Bitcoin chart. 

E5Xv80mXwAMtUhJ (900×562) (twimg.com)

On the daily chart of the SP 500 the indicators are now on the top so you could say short term overbought. ? The distances between price and 100 and 200 day moving averages are extreme in the grand scheme of things.

$SPX | SharpChart | StockCharts.com

Averages highlighted here similar in the weekly charts.

E5W_be9X0AE9w_W (900×537) (twimg.com)

E5W8P5KWYAEXXvG (900×796) (twimg.com)

A bit of yield curve stuff . Who knows ?

E5WtyYNXEAAq60u (866×900) (twimg.com)

Take your pick and happy hunting.

Translation: the stocks 'head & shoulders' and 'candles' prediction of a few weeks ago on this thread has been proven wrong.

Quelle surprise.

Where’s the OP?

He's moved country, changed his name and grown a beard.

Type_45

Any updates from the candles/heads & shoulders folk?

Black Tuesday tomorrow?

beavere38

"Translation: the stocks 'head & shoulders' and 'candles' prediction of a few weeks ago on this thread has been proven wrong."

The head and shoulders pattern is still valid. Another 2 weeks and still neither the DOW, FTSE or DAX have made a new high.

sevenhills

At the moment we have a worker shortage, low unemployment. That could change when Dishy Rishy shops giving the unemployed 80% of their previous wages.

Inflation is also becoming more and more likely. The1987 crash started in October, perhaps a crash in summer, when the England football team are riding high, is an unlikely start to a crash?

FTSE is down 1.3% at the moment, the Hang Seng is down 2.8% 

beavere38

The world is in a mess that's for sure. People getting "Pinged" and having to take time off. Kids being kept off school (my daughter's school is shut again for 2 weeks) so you have to take time off work. The government stopping paying everyone's wages. Businesses crippled by staff shortages and restrictions. Against this backdrop the world's stock markets are booming? 

You can only blow a balloon up for so long before it goes bang.

The all time high and end of the bull run in 1987 on the Dow Jones was 16th August. The flash crash came a few weeks later. 16th and 17th August 1987 were significant days for another reason: 

"The very first worldwide weekend of world prayers known as the "Harmonic Convergence" of August 16 and 17, 1987, was set as to the ending of "Nine Hell Cycles" each 52-years long."

All coincidence of course?