Indices

[FT5E]

That's the piece of the puzzle im trying to figure out next. If you close that put at profit. do you close the future too or hope to god that the index recovers and leave it open lol

[dmedin]

6 minutes ago, cheviot said:

US stocks. 

On 12 October the Fed announced...not QE...an expansion of the Fed s balance sheet pumping $60 billion into the short end.  On that day stocks started to move higher and have nt looked back since,,,,,Last night the Fed announced that they will be reducing  'not QE'  funding op's .  Dow drops 100 points into the close....

The Fed is effectively funding the surge in US stocks....that is why there is a disconnect between INDexes levels and fundamentals.  

The Great Depression was caused by tight monetary policy.  Workers and machinery stood idle doing nothing because there was apparently no money.  A complete contradiction that almost led to the death of capitalism.  Is that a better situation?

Edited February 14, 2020 by dmedin

[dmedin]

Quote

But some investors said they were dialling down bets on equities amid the uncertainty over what economic toll the coronavirus would take.

“We have actually taken some money out of equities this week,” said Rory McPherson, head of investment strategy at Psigma Investment Management, adding that it was temporarily holding cash instead.

https://uk.reuters.com/article/uk-global-markets/european-shares-hit-record-even-as-coronavirus-shows-no-signs-of-peaking-idUKKBN20804D

 

And the longer they keep 'cash' the longer they will get below-inflation or negative returns ...

Stop hoarding cash is the message ...  it causes unemployment and social unrest ... spend it or lose it 😉

 

Edited February 14, 2020 by dmedin

[dmedin]

13 minutes ago, cheviot said:

If one balances out the other in profit Great....😄

If one can net out inevitable massive losses from trading, one can get rich on commissions, fees and services instead.  😄

[Caseynotes]

don't worry MMT is coming so fear not, in the meantime I've got the Dow covered, what could possibly go wrong?

[Kodiak]

44 minutes ago, Kodiak said:

One thing i miss and would be a big improvement 

Limit orders on options (take profit)

Say if you buy at 30 and would like to sell half or all at 60

But i think i know why😉

In theory😁

 

[dmedin]

So if I closed this position right now I would get £2.85 plus my deposit back.  I've paid a spread and that's it.  But if there were huge overnight swings, and I held a longer-term option, I still be in the game and not waking up to losses and the prospect of having to open a new trade.

 

 

Edited February 14, 2020 by dmedin

[cheviot]

26 minutes ago, dmedin said:

So if I closed this position right now I would get £2.85 plus my deposit back.  I've paid a spread and that's it.  But if there were huge overnight swings, and I held a longer-term option, I still be in the game and not waking up to losses and the prospect of having to open a new trade.

 

 

If you hold an option that still has time left you are still in the game..

[dmedin]

Brewing up for a big dump!

Edited February 14, 2020 by dmedin

[dmedin]

More big fat juicy losses.  What a CF this year has been so far 😄

[Caseynotes]

or just checking where the buyers are hanging out?

[dmedin]

2 minutes ago, Caseynotes said:

or just checking where the buyers are hanging out?

 

😎👍

[HPbrand]

The drop of Nasdaq (maybe Dow also) is unlikely today. I still think it will close higher near closing time leaving the potential drop early next week if it happens. The volatility is expected to increase.

 

Probably not wise for those to leave open positions going long.

Edited February 14, 2020 by HPbrand

[dmedin]

3 minutes ago, HPbrand said:

Probably not wise for those to leave open positions going long.

Unless they got an option, maybe. 😛

[dmedin]

The EMAs are not in proper alignment to go short yet (price < 5 EMA < 20 EMA < 50 EMA), plus no RSI divergences, and a seeming break of a trend of higher lows.

[dmedin]

A hammer is forming - Hammer time!

 

 

Edited February 14, 2020 by dmedin

[dmedin]

Wow 😱

[FT5E]

7430 key zone daily ftse today. big volume moves in the morning up there and now down

[dmedin]

The bull is immune to coronavirus! 🐮

[FT5E]

That picture is open to some serious level of innuendo

[dmedin]

FTSE 100 meets the checklist for a short!  Curvature of the EMAs is also important

 

[dmedin]

Still not time to sell.  🧐

[dmedin]

Well, the 20 EMA looks poised to drop beneath the 50 EMA and if it does, it would justify a short .  😾

[FT5E]

key pivot here in the FTSE. Needs to hold 7400 for bulls to stay in charge

[dmedin]

Is the tide turning at the eleventh hour?  🤠

[dmedin]

Will need to decide whether to close at 7pm 🙂

[FT5E]

dmedin do you swing trade the ftse or daily?

[dmedin]

This now meets my conditions for going short.  But under the conditions (Friday, closing soon and Monday holiday) I may hold off.  As for FTSE I am going to let it run for another hour to see if it will slip below S1.

[Caseynotes]

5 minutes ago, dmedin said:

This now meets my conditions for going short.  But under the conditions (Friday, closing soon and Monday holiday) I may hold off.  As for FTSE I am going to let it run for another hour to see if it will slip below S1.

Might be a little too late even for a scalp on Dow especially as it's got a couple of serious support levels just below and there certainly is no headlong rush for the door pre long weekend.

[Caseynotes]

Bespoke @bespokeinvest

1m

Fridays have been a terrible day for equities this year, but at least we have Monday.