Chart Of The Day: Apple Completing a 5-Month Topping Process?
Charts courtesy of StockCharts.com
Another guess the gap day!
“The highlight of the night was China, which after halting half of its stocks, disallowing major stakeholders (5% holding or more) from selling shares for 6 months, and threatening to arrest short sellers, the Shanghai Composite managed to gain nearly 6% on the day. What might be most impressive is that the index was down…
Who Blew Up China’s Stock Bubble
http://www.bloomberg.com/news/articles/2015-07-09/who-blew-up-china-s-stock-bubble-
NYSE, SEC Suspect Software Update Triggered Trading Halt
http://www.bloomberg.com/news/articles/2015-07-09/nyse-sec-said-to-suspect-software-update-triggered-trading-halt
Irrational Exuberance Triggers Chaos as China Watchdog Sidelined
http://www.bloomberg.com/news/articles/2015-07-09/irrational-exuberance-triggers-chaos-as-china-watchdog-sidelined
Oil Rout Seen Ending as Demand Trumps China’s Market Crash
http://www.bloomberg.com/news/articles/2015-07-08/oil-rout-seen-ending-as-demand-trumps-china-s-stock-market-crash
China Stocks Rebound; Biggest Gain in Six Years
http://www.wsj.com/articles/asians-shares-lower-as-chinas-rout-grips-global-markets-1436405225
Required Reading Of The Day
Fear Grows in Greece as Decisive Hour Nears – WSJ Alcoa’s Profits Rise, Helped By Growth In Auto, Aerospace – Fox Business South Carolina House Votes to Remove Confederate Flag – WSJ Robots on Wall Street? Firms Try Out Automated Analyst Reports – WSJ FOMC Minutes Show Caution Toward Rate Hike – Fox Business
Random thoughts by Gary on the NYSE outage!
This is nothing right now…almost a tiptoe through the tulips. Doesn’t resemble flashcrash in any way. Back then, S&P dropped 100 points and came back up. If this is a hacking, then a lot of confidence is lost…but would they tell us if it was a hacking? There was a tweeted warning last night about…
The Utter Stupidity Out Of China!
SOURCE: http://www.bloomberg.com/news/articles/2015-07-08/this-is-why-so-many-chinese-companies-are-suspended