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Germany 30 poised with its breeches down too.  I am using a laptop screen so my charts look cramped.

 

 

Germany 30_20200804_03.23.png

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17 hours ago, dmedin said:

Germany 30 poised with its breeches down too.  I am using a laptop screen so my charts look cramped.

 

 

Germany 30_20200804_03.23.png

I was awake at the time because I had an appointment, but I didn’t have any comment to make about it. It was just a small move down by the European indices unsupported elsewhere. Often during those hours there is a contraction in volatility, but occasionally there is an easy low risk entry. The Dax made its high for the week at that time last week.     

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ADP Non-Farm Employment Change  and ISM PMI today, are you excited Tom 🤓

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Posted (edited)

ADP Non-Farm actual vs expected

167K 1200K

 

:(

Wall Street hoists down its britches and prepares to squeeze one out

 

Wall Street_20200805_13.17.png

Edited by dmedin

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Onwards and upwards Tabitha 🤓 After all, where else can the rich put their money but in U.S. equities?

 

Wall Street_20200805_14.49.png

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🤑

ISM Non-Manufacturing PMI
  58.1 55.0

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The DAX is looking a bit constipated :(

 

Germany 30_20200805_15.20.png

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Big USD and CAD related data today 🤓

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Once the U.S. passes its stimulus package perhaps this impasse will be resolved 🤔

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Posted (edited)

Dax and Dow M15;

image.thumb.png.03a11a6784aea07e1ef15b7e7e26673d.png

 

Edited by Caseynotes

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Volatility is such fun. If you are on the right side of it , of course.

Dow@ 27239, will go higher expect 27550+/- 1%. Then hang on to your shorts as it's big swinging cahones time. If there is no more stimulus, saving the Fed largesse then watch the Dow sink 3-5% as retrenchment may be the order of the day. With stimulus expect a gain, then retrenchment, then exuberance, then retrenchment, then a small nervous breakdown....... It's as if the Dow has become the schizophrenic naughty cousin of the S&P. Today is the last day before the delayed August break for Congress so it's pooh or bust for legislators, who will naturally blame each other if they fail to agree.  Ahh the competence of governments.......

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NFP a beat but indices pulling back from early gains;

image.thumb.png.f79a21ce059d045f6316aa5efe21396d.png

 

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4 hours ago, 786Trader said:

Volatility is such fun. If you are on the right side of it , of course.

Dow@ 27239, will go higher expect 27550+/- 1%. Then hang on to your shorts as it's big swinging cahones time. If there is no more stimulus, saving the Fed largesse then watch the Dow sink 3-5% as retrenchment may be the order of the day. With stimulus expect a gain, then retrenchment, then exuberance, then retrenchment, then a small nervous breakdown....... It's as if the Dow has become the schizophrenic naughty cousin of the S&P. Today is the last day before the delayed August break for Congress so it's pooh or bust for legislators, who will naturally blame each other if they fail to agree.  Ahh the competence of governments.......

But isnt it August break is cancelled till there is an agreement on the bill?

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Indices have been money-losers all week on the hourly chart.  A lot of FX pairs have been losers too, unless you like counter-trend trading.  Commodities have all sold off like MFers.

Not been a good week.  Oh well, there's always next.

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Nasdaq makes a big dookie and forgets to flush afterwards.

 

US Tech 100_20200807_19.45.png

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Actually the week for the U.S. 30 doesn't look so bad, I was doing something wrong  :D

 

Wall Street_20200807_19.59.png

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Will we have a nice wee late night rally Peregrin Took 🤓

 

Wall Street_20200807_20.44.png

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A strong charge going into the weekend, a sure sign of bullish confidence.

S&P H4 chart;

image.thumb.png.a79f514e44717cae49d79e72f7c83a3e.png

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Looking forward to next week 🤑🤓

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Posted (edited)
9 hours ago, 786Trader said:

Then hang on to your shorts as it's big swinging cahones time.

If folks did a staggered entry and exit with amounts they are comfortable with they would be dancing to the Hokey Pokey instead.

 

 

Everybody form a circle
Put your left foot in
Your left foot out
Your left foot in
And shake it all about
You do the hokey pokey
And turn yourself around

Now put your right foot in
Your right foot out
Right foot in
Then you shake it all about
And then you do the hokey pokey
Turn yourself around
That's what it's all about

Edited by AndrewS
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The indices have morning glory, Peregrin Took! 🤓

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