Jump to content
Sign in to follow this  

Indices on the rise

Recommended Posts

 I think I put the kiss of death on it by saying that.  Although I'm sure the trend will continue.  Still a long way off the 7000 FTSE and 18000 DOW.  

 

I think oil and other commodities are just holding everything back.  We need to see other central banks raise rates to balance against the US dollar and I think it is at this point we could see a change in commodity prices (hopefully).

Share this post


Link to post

Hi all - interesting times at present on indices. FTSE has been obeying channel lines nicely of late (see chart), so wondering if it'll repeat again and turn back lower? 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,438
    • Total Posts
      63,224
    • Total Members
      83,982
    Newest Member
    rosshaus
    Joined 21/09/20 17:05
  • Posts

    • Dax and Dow daily chart levels;
    • long NDX in the demo account (posting this here to give it some more emotional commitment...), stop 10625.   some NDX rebound would have been due today without the leak, I guess...  not least due to futures stabilizing after Friday cash close, and strength of recent oscillation pattern...   market being surprised that banks profit from money laundering, sure... probably more surprised they got caught again... if anything...   (plus no banks in NDX)   alternative narrative - for everyone bored by China virus conspiracy theories...: facts:  - lenders (incl. JPM) tightened standards during crisis - see e.g. WSJ May 25th  - mainstream lending facility still has only used 0.3% of capacity (recent Powell statement)  - leak of money laundering records came from FinCEN, a US Treasury unit conspiracy theory: Treasury unhappy with banks' lending reluctance plans to take banks under control - explicitly or implicitly - to boost lending activity. more advanced conspiracy theory: Treasury plans to take banks under control to boost lending activity - to an extent that eventually makes MMT/MP3  seem unnecessary, at which point banks get privatized again...  motivator are of course the banks themselves who profit massively from Fed asset purchases, and are scared of losing said profits if the Fed would start lending to Treasury directly under MMT-motivated MP3...   let me know what you think ...   this is not investment advice..        
    • stop hit - now much lower, no signal..
×
×