Indices

[dmedin]

Right canny, Peregrin Took 🐮

 

[Caseynotes]

Powering upward into the weekend is a sure sign of bullish confidence.

S&P H4;

[AndrewS]

On 27/08/2020 at 04:36, AndrewS said:

Another yearly pivot in sight with the S&P500 at its weekly R3.

Just a clearer chart.

[dmedin]

Off to a good start this week so far 🤓🐮🤑💃

 

[dmedin]

Well, Eileen?

Well, Cassandra?

Well, Samwise Gamgee?

Well, Eyrkah Badu?

[dmedin]

Samantha sweetheart, Japan is back from the brink 😘

 

[dmedin]

Oh Tom, Reuters is being negative

Quote

"Correction Fears Are Mounting" (1156 Gmt)

Here is an interesting feedback from Barclays' equity strategy team, which reported that sentiment is not that bullish among investors.

"As markets have turned decidedly more risk-on, correction fears are mounting among many investors we speak to", the strategists write in their latest note.

So what's troubling these investors?

"A few technicals look stretched, with RSI (Relative Strength Index) outright overbought for S&P500 (but not for SX5E), Put/Call ratio back to the lows and looming negative September seasonality, while U.S. elections, jittery bond market and second virus wave in Europe are potential headwinds", Barclays says.

Anyhow, their strategists remain quite confident even if one can never rule out a sudden change of trend.

"We remain of the view that the unwind of the massive flight to safety seen ytd is likely closer to the beginning than the end, and that the still light positioning as a whole provides positive asymmetry to equities".

Here's the RSI showing how the S&P is arguably overbought and how the EURO STOXX 50 isn't:

(Julien Ponthus)

 

[dmedin]

Enormous uptick in volume and it is indeed 'overbought' according to the RSI.

[dmedin]

Aussie index looking like it's about to fall quite far

 

[phillo]

On ‎27‎/‎08‎/‎2020 at 05:36, elle said:

still a little more to go ?

 

[phillo]

8 hours ago, elle said:

 

 

[dmedin]

Volatility rises from the ashes like the phoenix, Eileen 😮 

 

[dmedin]

Looks like the Footsie has enough momentum to fall to at lest 5800, Eileen 😞

Edited September 1, 2020 by dmedin

[dmedin]

Gearing up for a new upthrust?  Buy the dips canny loons 🤓

 

[dmedin]

S&P 500 is also a buy in the short term if a bullish candle appears and takes us up past R1.

 

Edited September 1, 2020 by dmedin

[dmedin]

20 hours ago, dmedin said:

Aussie index looking like it's about to fall quite far

 

 

Still selling off hard, but AUD/USD is appreciating

 

[Caseynotes]

FTSE and S&P Daily.

Dax and Dow H1 charts;

[dmedin]

Time to go long, Tom! 🤓

 

[Caseynotes]

16 minutes ago, dmedin said:

Time to go long, Tom

Too close to the whipsaw of the London open but keep an eye on 3511.

[dmedin]

Yikes!

 

[dmedin]

Looking right canny Eileen 🤓

 

[Guest caluri.d@gmail.com]

ahahha

[Caseynotes]

FTSE and S&P daily.

Dax and Dow H1 charts;

[dmedin]

Zut alors, Eileen 🤑

[dmedin]

Wrap your chops around that big stonker Jessamine 🤓

 

[dmedin]

💃Well, Eileen?  Well, Tamsin?  Well, Patricia?  Well, Veronica?  Well, Juan Gonzales?  Well, Samwise Gamgee?  Well, Erykah Badu?  

 

[dmedin]

Buy the dips canny loons 🐮

 

[dmedin]

Observe the divergence between a rising price and the positioning of big speculators in the bottom row.  Does this explain why the 'professionals' are so salty about 'millennials' and are desperate for a market crash to wipe out all the retail clients?  So that they can retain their privileged status ...

Edited September 2, 2020 by dmedin

[Caseynotes]

Dax and Dow M15;

[dmedin]

The phoenix continueth apace to rise, Jeremiah.