Looks like the buyers didnt care about Nasdaq futures Moosie:)
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Patiently waiting for the Kiwi to lose a bit of ground against the US--(that would make both me and Xro happy)
Dag Nabbit those interest rate rises:(
Another rough day on Monday after fridays Nasdaq
I was thinking XRO didn't track the NASDAQ exactly recently?
The up day was 1/2% Nasdaq and the next (down) was 1.75%--headlines were ''Stock end the week in the red as teck stocks get hammered''-----Time will tell for Xro..---The ''oh no not again'' factor may come into play.
Intuit finished up 1.59% so that's good aye
Yep,they're not All down--there were always gainers even in the last fall--I also think it helps having a weekend in between--The Tecks did better than boitecks-- Xro was funny last time--It didnt fall as bad as some when it was all on,but then kept falling when things turned.(go figure)before turning--Its just a worry in light of the fact that it was looking like things were getting back to normal and then 1 small fall,followed by another more sizable one.
Guess tomorrow will tell -I dont think there will be panic,but SP will probably be moving in the wrong direction--What the Nasdaq does on Monday will be important in terms of setting the stage for the week.--ATM is doesnt appear that the market has gotten the shock of the last fall out of its system.
http://www.fxempire.com/technical/te...ical-analysis/
Watch the low from last week's HAMMER TIME.
We might see some sell off in NASDQ. We have to wait and see. If we see more selling in over stretched tech stocks it could affect XERO too. Next couple of weeks will be very interesting to watch. Some high-momentum overvalued tech stocks should be avoided at this time, despite the correction. Some tech stocks are trading at excessive valuations.
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