Indices

[dmedin]

3 minutes ago, AndrewS said:

I make out the 200 day moving average to be around 27315.

Funny how there was a Reuters article just a few days ago saying that people were unhappy that the indices were too far from their 200 day SMA.  ...

Edited February 25, 2020 by dmedin

[HPbrand]

4 minutes ago, dmedin said:

This is full-on panic stations ... ?  Don't see a V bounce off this one this time, will take time to rebuild?

Probably a while.... but very short term retracements are likely though. Maybe I am quite right on this one (after two big losses).

[HPbrand]

5 minutes ago, AndrewS said:

I make out the 200 day moving average to be around 27315.

I think it will go sub 27000, maybe test 26800 this week. Tomorrow will tell us more.

[dmedin]

If the S&P 500 doesn't recover at 3100 then the zombie apocalypse really is nigh!

[dmedin]

100% retrace of the entire move up from October?  That would be insane.

[cheviot]

T Bond getting sold off  ( higher yields )....I think that will bounce the equity markets up.....Been short forever and took it all back too##### early,  now net long as i recon we ve done the full retrace....To the exit of the DJ wedge.....Hit it and is bouncing now....

[dmedin]

8 minutes ago, cheviot said:

T Bond getting sold off  ( higher yields )....I think that will bounce the equity markets up.....Been short forever and took it all back too##### early,  now net long as i recon we ve done the full retrace....To the exit of the DJ wedge.....Hit it and is bouncing now....

 

Are you saying that you've gone long on DJIA?

Now is not the time to do that

Edited February 25, 2020 by dmedin

[dmedin]

It's a bloodbath out there ...

 

[cheviot]

48 minutes ago, dmedin said:

It's a bloodbath out there ...

 

True   very true  .....Yes I mnow a fully fledged bull ....do God help you .... I asked my dogs and they said buy it....And they are much better at this game than me 

Edited February 25, 2020 by cheviot

[dmedin]

14 minutes ago, cheviot said:

True   very true  .....Yes I mnow a fully fledged bull ....do God help you .... I asked my dogs and they said buy it....And they are much better at this game than me 

The markets need time to readjust and adapt to the prospect of a coming Bernie Sanders presidency. 

The rich will throw all their toys out the pram in the beginning but in the long run the majority will be better off

[HPbrand]

I think shorting today is a good bet. I have a target of ~ Dow 26900-26700. Just checked the Sentiment Index - there are too many longs.

[Caseynotes]

Dax, Dow and Ftse all trying to keep in touch with their respective monthly chart (recently beaten) resistance levels (purple). S&P seeking support around 3130.

[Caseynotes]

Dow trips down to tag S1 Dax follows through towards S2 but both now on the bounce.

[dmedin]

17 minutes ago, Caseynotes said:

both now on the bounce.

Or maybe not ...

[Caseynotes]

1 minute ago, dmedin said:

Or maybe not ...

definitely a bounce but to where? Dow held up at yesterday's low 26997 (blue, see chart above).

[dmedin]

5 minutes ago, Caseynotes said:

definitely a bounce

DJIA looks like it'll break the S3 monthly pivot soon 😮

 

[dmedin]

RSI divergence 😮

[dmedin]

Buy the dips!

[Bopperz]

Well this bounce is painful. My fool-proof plan of scaling into a short FTSE trade is....... not fool proof.

[dmedin]

6 minutes ago, Bopperz said:

Well this bounce is painful. My fool-proof plan of scaling into a short FTSE trade is....... not fool proof.

FWIW I've had the same problem, and I suspect many others have - 68% of all clients lose money and all that.

[cheviot]

The markets need to hold  DJ 26600 or so SP 3070  and Dax 12200  . Key Fib levels and original supports.....

In my view they are key supports.  The action this morning is climactic....Final panic etc.   I find myself choice buying DJ  Apple and FTSE .....Think they are worth laying down like fine wines for the summer....

worthy of note......TB ca nt get past 1.8% ...and gold has run out of steam......Yen is weakening...and dollar bid again.  

Buy low and sell high....Question is WHERE is that ???  

[dmedin]

Come on bonnie loon, bounce!  Bouncy-bouncy!  Warren Buffett, I know you're reading - spend your $120 billion!

[cheviot]

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

[cheviot]

Cable still stuck in its channel.....Hit resistance line at 1.3010 , looks like a push lower as it performs this shuffle bounce quick step,,,,,,

[dmedin]

5 minutes ago, cheviot said:

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

 

 

Hahaha 😻👍

[dmedin]

1 minute ago, cheviot said:

Cable still stuck in its channel.....Hit resistance line at 1.3010 , looks like a push lower as it performs this shuffle bounce quick step,,,,,,

 

Dunno about FX ... I seem to lose 9 times out of 10 ... but then I am cr@p

[cheviot]

9 minutes ago, dmedin said:

 

 

Hahaha 😻👍

She just wags her tail.....What good is that ! 

[dmedin]

4 minutes ago, cheviot said:

She just wags her tail.....What good is that ! 

 

Enjoying life.  Good girl

[cheviot]

T Bonds getting pushed lower.....and suddenly bids for equities.....Could be an almighty scramble to get positions back 

 

[cheviot]

20 minutes ago, cheviot said:

T Bonds getting pushed lower.....and suddenly bids for equities.....Could be an almighty scramble to get positions back 

 

T Bonds down 2 big figures,,,,  Does nt like 1.8% yield on the 30 yr....Driving Equities back up....Yen weakness too