Nice profits booked, time for the downside

Good morning readers

Twitters results came through and it's typical the American investors are all excited that they beat expectations! Big deal reader more into the numbers there is no growth.
Sure most people accidentally click on the advertisement by mistakes but are real sales coming through to the advertiser, I think not.
So there going to look abroad ? Guess what China !!!
For users and marketing!
At least now I know how the U.S. is going to get tangled in the downdraft.

Got out of my position as stated yesterday, with great profits.
Also shorted NFLX on close.

Please note what I stated earlier in the week use the dead day for potential position building.
I've taken mine early because going out and about.

Australian ASX200 is pushing up a lot more that what we got out which is wonderful.

For those who asked the question?

I trade on astrological aspects only, not technical analysis.
Sure I could get better prices but then again I might not.
Not into the what if or hopes..
I'm either right or wrong.
It's that simple, trading is ment  to be simple.
Technical analysis complicates it at times. 90% of the time in my view.

Just went short
S&P 2085
NAS 4550
ASX200 5585.
NFLX 107.42
Don't see why we can't drop a good 1.5% on all markets
That's just my humble opinion ..

Excuses are for those who wish to hear them and quiet frankly US companies are performing very averagely, compared to there German counterparts.
As we have witnessed with Volkswagen.
Showing how anyone can be beaten even the Japanese with quality.

The competion is seriously ready to start taking business away from American firms in the technology space.
Going forward margins will be cut to keep business I feel.
Which comes back to how much are you prepared to pay for a companies share.
A lot of disasters should be expected in the next 6-12 months with earnings.


As always enjoy your day/ night


 7.40am Rhodes time

Government need to let go and let it be.

Hi readers
10am Rhodes time

Well as you can see the government backs off the buying and the market plunges.
Yet the whole market isn't open either.
There are still thousands of stocks suspended from trading.
I had to make a call out to a friend I couldn't resist.
Get this for every 1 share to buy there are 8 to sell.
That's just from one broking house.
Other houses have a worse ratio 1 to 11
So just imagine when the market does open fully and is allowed to trade what will occur.
Money for jam!!!!
You still want to buy banks and property?
Be smart people cash is king

We have already seen what's happening in Australia where all of a sudden rates went up on investment loans!

What for?
Because the regulator recommend it!
Bullshit!!!
I didn't see the regulators comments taken seriously when the mortgage originators where loaning 95-97% of loans to the public or investors.
All the banks followed so they wouldn't loose business.

Google it for yourself.

Anyway closest out of my ASX200 positions on the close 5540
In the last hour will close out of the U.S. Indexes, not the close.

Got a fascinating email from an Australian reader.
Just asking permission to post it.
As it left me speechless.

Enjoy your day/night reader.

Here we go again.. LOL

Hi readers

2.30am Tuesday Rhodes time
Up to see if China continues sliding.

Just when you thought the waters had carm down, Bang comes a 8% decline in China and 3.5% fall in Hong Kong.
As stated previously it's not over people there is another 9 months of this so don't get upset over it.
No matter what the government does this fall has to happen.
Can't live on credit forever, someone has to pay.
This only gets better!
Today I read in a Reuters article that there is UK funds lining up to tap into Asian hedgefunds.

Can't believe the stupidity and arrogance of the western world, thinking they know better.

Anyway my positions for today

ASX200 5475 bought Monday on open
S&P 2061
NAS 4512.

Just finished Netflix chart, this stock is going for a ride people.
I am shorting todays close. For a trade.
Bigger is not necessary better, remember that.

In regards to mining companies in Australia, most asked question.

Your wasting you time with them.
China will forgo all future contracts or talk, the revenue the government collects will also dry up.
Stay in domestic stocks that produce something.
Pie in the sky stocks will bleed you?
Sure you might get one or two right but the majority you will loose your money.
Keep away from banks also.

We are in a time of consolidation, most tech companies don't seem to realise it, but they will.
APPL watch was a dude and others also, but the Americans investors want to keep evolving thinking people will too.
There is some huge technological advancement out there for the good of all man kind, but it's not allowed to be promoted because government revenue will be lost.

So for now just watch and be humble, there are difficult times ahead.

next weeks expected moves

Afternoon all
Writing this up on the Friday afternoon Rhodes time.
Markets might drift down on Monday but use the move down as a buy opportunity for a trade.

Tuesday :- my astrological work is showing positive aspects, so markets will trade higher.

Thursday and Friday :- once again some powerful negatives will hit the market.

I think it's best to use the dead days to set yourself up maybe 50% of your positions if you so choose.
Or trade as you best feel fit.

Comments

To the astrologers out there.

I'm not out to take business away from you.
This is more about giving back knowledge to those who care to read it than trying to lure clients.
I'm totally not interested! THAT A FACT

The Internet has become so much about porn or gambling that without these 2 sectors most data providers will go broke.
The Internet was designed to educate people, and those who give there time to read deserve to benefit.
Sorry if this is affecting your business but it's about time you became better and offered more to your clients, than blaming the blog.
The blog is staying..
Also it's about time that the small traders start making money instead of always donating to investment banks and Hedge funds because of there unfair practises, believe me I know.

Cheers