Jump to content


Recommended Posts

  • Replies 5.3k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

fair go, the failure to break through the blue rectangle was crucial for further downside. Now looking for resistance (sellers to step back in) and the most likely area is just before the red 29400 de

That is the 50% retrace for  the Dow and S&P. 

Interesting S&P daily shaping up 👇

Posted Images

8 minutes ago, dmedin said:

And ... back down it goes

What happens on market open?

Overnight orders are processed, many are profit taking, plus new orders are entered onto the system hence there is always a period of whipsawing before real direction is revealed so it pays to wait for to dust to settle before deciding. 

  • Like 1
Link to post
8 hours ago, Caseynotes said:

Trump news conf at 7pm today.

Old doddery-head-man-baby will remind us all how wonderful and strong he is and what a great fking job he's doing 🤣  

Edited by dmedin
Link to post
15 hours ago, Caseynotes said:

Late surge on a Friday afternoon, sure sign of bullish confidence;


Bummer.  I went to bed early on Friday because I was so fking depressed and coudln't stand it any more.

Link to post


Short Covering Can Only Take You This Far, Now Show Me The Money (1500 Gmt)
Call it a "rally of hope" or the normalisation trade, a whopping 35% jump from March trough and more than $15 trillion in market value addition and no inflows into equities does raise a lot of questions.

Citi suspects that the sharp rise in stock markets has been driven by a closing of shorts. Its Risk Positioning Monitor shows that recent moves higher in equities have been accompanied by significant short covering.

Barclays also believes the bulk of the rally was triggered by short covering.

Both banks say most of the short covering is now over and any upside from here will need new longs to be established and/or inflows.

"Continued equity market upside is thus contingent on real money buying going forward, which we believe could happen soon if macro and volatility conditions continue to normalize," Barclays analysts write in a note.


From IG's Reuters news feed

Edited by dmedin
Link to post
11 minutes ago, dmedin said:

The indices are powering on through Tabitha, surely they are going to retest their ATHs soon.  (Listen to me, pretending to know what I talk about 🤠 )

No reason why not if the economy is turned back on. Next major resistance level for S&P is 3138 (monthly R1 and previous high March).

Edited by Caseynotes
  • Great! 1
Link to post
59 minutes ago, Caseynotes said:

No reason why not if the economy is turned back on. Next major resistance level for S&P is 3138 (monthly R1 and previous high March).

The Nikkei is well through that level and I am short with a price alarm at 22,626. Lets see.


  • Thought provoking 1
Link to post
11 minutes ago, dmedin said:

The Nikkei is even further advanced, why short?  Overbought?



I think it is overextended in the last 10 days as it approaches the 31/01/2020 low. Of course I may be forced to hedge some of the position.

  • Like 1
Link to post
4 hours ago, dmedin said:

Nikkei has a window to close, up to the 88.6% 😻



I am still actively managing a short on the Nikkei. I closed out half when it traded below levels I sold at. My plan at the moment is to double up with a tight stop if it approaches the high and hedge if it if goes through the high. Alternatively I will just scalp on the long side for a different index.




  • Like 1
  • Thought provoking 1
Link to post

The S&P 500 - representative of the American economy :D

The five biggest S&P 500 members – Alphabet, Apple, Amazon, Facebook and Microsoft have gained 15 percent so far this year, while the remaining 495 companies have fallen 8 percent.

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.

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.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 18/06/21 15:40
  • Posts

    • This weekend don't forget the rules to SAVE LIVES!!!!!   ... unless of course you happen to be going to Ascot 👍
    • Looks like it's a flat squib affair for the SP500 - I'm away early next week, but I'd give this until Tuesday (max 3 weeks after the physical date) to do something otherwise I'm marking it down as a failure Which is not bad, out of all the TC's this one is the one to be most concerned won't work, especially during an UP Bullish major cycle, which is what we are in, but the expectation was for the market to react as per May 2012 as shown on the Internal cycle harmonic chart in the post directly above So unless we get a 7%+ correction from the highs next week - I'll simply log this as failed - remember we trade the market NOT the Time Cycle  The small correction into the actual date is NOT good enough to say that was it! - We should be able to see these corrections/upswings clearly on a monthly chart, which means they should be of significance I'll hold off publishing the next Time Cycle just in case something happens next week SP500 Index Daily Chart: data to Thursday 17th June 2021
    • and Gold Puked at 10 year resistance line  
  • Create New...