XJO 0.35% 6,530.9 s&p/asx 200

Tuesday April 23 - Fake news day

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    The Thursday night session before Easter, SPI Futures traded in a 41 point range, with a high of 6273, low of 6232 and a close of 6270, up 26 points on very low volume of 4,133 contracts. Based on that range, my pivot point and R and S levels are below. Trading stopped at midnight, so we have a bit of catching up to do, as SPi were closed last night but other markets were open. DOW down .18 pct, SNP up .10 pct and Canada (resource driven) down .22 pct. VIX up 2.73 pct to 12.43, bucking the inverse correlation. SNP apparently up due to Energy and Oil, so won't be long before we pay for it at the Servo.

    One Gap above at 6272, and a long list below, starting with 6263, 6256, 6253, 6251, 6243, 6241, 6238, 6231 and 6201 and a few more below that but that will probably surfice for today.


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    Today in 2013, a 1% flash crash hit the US stock market after a news agency was hacked and claimed injury to President Obama after two explosions at the White House. News linked trading algorithms were blamed for the 139 billion dollar temporary loss of Index value. Now known as the "Hack Crash" it was found to be a computer-based event, initiated by sophisticated algorithms designed to identify and evaluate Internet content that could influence markets. Humm. Fake news hey ? I bet a few folks were stopped out that day. If it was fake news that President Trump was injured, the market may have gone up - you never know. Have a nice day.

    hc1.jpg hc2.jpg
    Column 1 Column 2
    0 H 6273
    1 L 6232
    2 C 6270
    3 R 41
    4 R6 6299
    5 R5 6289
    6 R4 6284
    7 R3 6279
    8 R2 6274
    9 R1 6269
    10 PP 6258
    11 S1 6248
    12 S2 6243
    13 S3 6238
    14 S4 6233
    15 S5 6228
    16 S6 6217
 
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