Indices

[dmedin]

Tom, what is your directional bias apropos of the charts 🤔

[Caseynotes]

3 minutes ago, dmedin said:

Tom, what is your directional bias apropos of the charts 🤔

intraday always look to the Daily Pivot, if above expect continuation up and if below then down but Dow and S&P are on opp sides at the mo, would expect Dow to follow S&P and Dax to follow Dow.

 

[dmedin]

We're in a new bull market

[dmedin]

1 hour ago, Caseynotes said:

intraday always look to the Daily Pivot, if above expect continuation up and if below then down but Dow and S&P are on opp sides at the mo, would expect Dow to follow S&P and Dax to follow Dow.

 

 

This is a difficult one to backtest 100 times, as the pivots don't usually go far back enough on a single instrument.  I suppose it could be tested 100 times by taking recent data for multiple instruments.  I'll try it and put it in a new thread

[Caseynotes]

31 minutes ago, dmedin said:

 

This is a difficult one to backtest 100 times, as the pivots don't usually go far back enough on a single instrument.  I suppose it could be tested 100 times by taking recent data for multiple instruments.  I'll try it and put it in a new thread

I wouldn't trade the pivots themselves but rather use them as recognisable and respected boundaries so am looking to trade pullbacks as price transits between one pivot to the next.

[dmedin]

😻

 

[AndrewS]

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

[phillo]

still a little more to go ?

[Caseynotes]

Daily charts;

[dmedin]

All the indices this morning be like this ahead of Jackson's hole (let's hope something savoury comes out of it!)

 

[dmedin]

Quote

 

What you see is what you'll get: No upside for European stocks - Reuters poll

European stocks are expected to stall for the rest of 2020 and miss out on the bull market which has propelled Wall Street to record highs, a Reuters poll of 27 fund managers, strategists and brokers published on Wednesday showed.

 

https://uk.reuters.com/article/uk-europe-stocks-poll/what-you-see-is-what-youll-get-no-upside-for-european-stocks-reuters-poll-idUKKBN25M13E?il=0

[Caseynotes]

1 hour ago, dmedin said:

All the indices this morning be like this ahead of Jackson's hole (let's hope something savoury comes out of it!)

 

please do not use this thread to sh!tpost unrelated garbage gifs and videos.

[Caseynotes]

Dax and Dow H1;

[dmedin]

3 minutes ago, Caseynotes said:

please do not use this thread to sh!tpost unrelated garbage gifs and videos.

Don't be grumpy Tom.

[Caseynotes]

Just now, dmedin said:

Don't be grumpy Tom.

and you don't be a DH

[dmedin]

3 minutes ago, Caseynotes said:

and you don't be a DH

Dashing and handsome?

Sorry, I can't help it.

[dmedin]

Wall Street is about to thrust higher, canny loon 🤓

 

[phillo]

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

still a little more to go ?

 

[Caseynotes]

US indices surge on Trump speech. Beware month end flows, may see some profit taking.

UK Bank Holiday Monday.

Daily charts;

[Caseynotes]

Dax and Dow H1;

[Caseynotes]

Dax and Dow M15;

[dmedin]

Volatility index?  Doesn't look too concerning - yet 🤔

 

[dmedin]

Plenty more fuel for the rally

Quote

So far, so good. But surely everyone is now loaded up with equity and sitting on one of the biggest ever bets on economies completing the recovery?

Not quite, reckon JPMorgan analysts. They estimate non-bank investors with mixed asset portfolios are currently allocating just 41% to equity.

https://uk.reuters.com/article/uk-global-equity/column-whos-loaded-up-on-stocks-fewer-than-you-may-think-idUKKBN25O13Q

[Caseynotes]

Dax and Dow M15. 

Dow above the pivot, Dax below.

[dmedin]

2 hours ago, Caseynotes said:

Dax and Dow M15. 

Dow above the pivot, Dax below.

 

The Footsie sh4t the bed

 

[dmedin]

Nasdaq looking almost ready for a long trade

 

[dmedin]

Chris Beauchamp posted on Twitter about this yesterday

 

[dmedin]

Is Wall Street picking up a second wind, Josephine?

 

[dmedin]

I'm going to go long on the Nasdaq at 6pm if the candle is bullish

 

[dmedin]

Looking canny going into the weekend Eileen 🤓