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Indices stalled and direction unclear.

FTSE and S&P daily charts.

Dax and Dow H1 charts;

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3 minutes ago, Caseynotes said:

Indices stalled and direction unclear

That's right, Tom Bombadil.

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Nasdaq might be on to something¬†ūüėĹ

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Quote

Main Street investors who have reaped windfall gains from the steepest stock market rebound on record now seem to be making for safety, brokers say, just as Wall Street experts are advising clients to dip their toes into riskier assets again.

https://uk.reuters.com/article/uk-health-coronavirus-retail-trading/main-street-investors-bank-profits-on-rally-that-wall-street-doubted-idUKKBN23Q0RJ

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Both FTSE 100 and Nasdaq 100 have completely pooped out.

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All the indices have got their breeks down around their ankles, PARP!¬† PARP!¬† PARP!¬† Phew what a stink in here¬†‚ė†ÔłŹ

 

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Pick-up in activity in the VIX:

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Buy the dip?

With all countries now 'getting back to business' it seems terribly unlikely that we'll get another lockdown.

 

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19 minutes ago, dmedin said:

Buy the dip?

With all countries now 'getting back to business' it seems terribly unlikely that we'll get another lockdown.

 

are they? I just read you will be able to get a haircut from July the 4th, not really going to send the markets to the moon. so long as we are stuck with the nonsense made up on the spot 2 metre safe distance rule nothing can change. 

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2 hours ago, Caseynotes said:

are they? I just read you will be able to get a haircut from July the 4th, not really going to send the markets to the moon. so long as we are stuck with the nonsense made up on the spot 2 metre safe distance rule nothing can change. 

I'm in desperate need of a haircut ...

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17 minutes ago, dmedin said:

I'm in desperate need of a haircut ...

so desperate that you'd go to a barber who has the clippers taped to the end of a 2 foot pole? I'm organizing a family get together but it can't be held in anyone's home, it has to be either at a garden center or a car seller's showroom.

 

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Morning glory for the Nikkei?¬†ūü§Ē

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FTSE and S&P daily sits below the monthly R1.

Dax and Dow H1, Dax waits at the daily pivot, Dow looks at it from below and is not too sure.

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Posted (edited)

Tom Bombadil, the DAX has just sprouted a big erection!  (Yes, I was late to enter.)

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Edited by dmedin

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was about to say Dax was looking for an excuse to break through the PP and then it did.

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There she goes, Irene¬†ūüźģ

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About to drop, Eileen?¬†¬†ūüėü

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Come on now bonnie loon, sustain the momentum¬†ūüėĽ

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A nice, bullish day, Eileen¬†ūüźģ

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I believe the Dow is disconnected from reality. Any thoughts on if you believe Dow will go down to 22k or below over the coming month or two?

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Good economic data came out of Eurozone today¬†ūüźģ

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1 hour ago, razz said:

I believe the Dow is disconnected from reality. Any thoughts on if you believe Dow will go down to 22k or below over the coming month or two?

not if the country continues it's slow awakening after the virus shutdown and Seattle protesters realising that if you shut out the police you shut out all services.

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Dax taking a closer look at R2 while Dow considers R1;

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S&P poised to break up through 3167.

S&P daily.

Dax and Dow H1 charts;

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Posted (edited)

Buying on the dips isn't working, at least not for me.  Short time frames aren't helpful either.  All the stocks mixed and volatile too.  Lost a lot of money and looking, again, at the end.

IG has 180,000+ clients and maybe five or six post on here regularly ... just hopeless.

Edited by dmedin

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Guest Just Me
14 minutes ago, dmedin said:

Buying on the dips isn't working, at least not for me.  Short time frames aren't helpful either.  All the stocks mixed and volatile too.  Lost a lot of money and looking, again, at the end.

IG has 180,000+ clients and maybe five or six post on here regularly ... just hopeless.

I suspect many trading possibly look a bit more in depth than how 'big a dump' a stock may be taking on a candle or how big it's 'erection' is.

But hey, that's just me and perhaps that's what traders do and perhaps I need to study 'dumps' and 'erections' far more to become a successful trader. 

 

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