Jump to content

Indices


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

Quote

Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House say, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

https://uk.reuters.com/article/uk-usa-trade-china-timing/phase-one-u-s-china-trade-deal-may-not-be-completed-this-year-trade-sources-idUKKBN1XU2C9

 

Trump is too busy dealing with scandals at home ...

Link to post
15 minutes ago, dmedin said:

Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House say, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

yes well spotted, it was down to the Reuters report on no chance of a trade deal being signed this year that caused the sudden drop and nothing to do with Trump at all as there isn't actually any evidence against him at all, never mind.

Link to post

Latest 'star witness' Trump impeachment 'evidence' bombshell.

Sondland Bombshell - "There was a quid pro quo!!!"

Did Trump tell you? "No."

Did Pompeo tell you? "No."

Did Zelensky tell you? "No."

Then how do you know? ... "I just presumed."

 

Link to post

Since the Reuters report yesterday claiming no deal possible this year US have stated negotiations for phase one completion continue. Looking at the charts you can see why Trump is in no hurry as the China 50 looks more like the Ftse than Dow.

image.thumb.png.cb7ab3662a83bd0540d394716f16a863.png

  • Great! 1
Link to post
2 minutes ago, dmedin said:

🤔

dax.thumb.jpg.cc428f4fba4bfe9512526889585d411d.jpg

We've got the whole bundle of EU and Ger PMIs coming out tomorrow morning should be interesting, all are forecast to come in higher than last month's data and also all last month's data has since been revised higher.

  • Like 1
Link to post
Quote

Strong German exports to the United States helped Europe’s largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefited from a weaker euro and trade diversion linked to the U.S.-China tariff dispute.

 

https://uk.reuters.com/article/us-germany-economy-trade-exclusive/exclusive-german-exports-to-united-states-jump-despite-trade-tensions-idUKKBN1XV0VG

Link to post

Dow put in a pause candle yesterday which may set up for a reversal back up but up or down will probably be determined by the US PMI data at 2:45pm.

China moving down today despite China reasserting wishes for completion of trade deal phase 1 as soon as possible. 

image.thumb.png.ea1aeb695453245c3563fb6977ba0a40.png

Link to post
3 minutes ago, dmedin said:

Basically ... trading sideways for now.

Stay away.

Looks like there was a speculative rise pre PMIs hoping for good numbers but the data came in mixed so bets came straight off and now back where started so see where goes from here.

image.png.6ac247afa89a279892c61c9cdd3426a8.png

image.png.858344df81055980b8cfdc0d7d9196b4.png

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

Dow closing the week setting up to go higher on Monday. Next week US traders leave work early on Thursday for Thanksgiving, call in sick for Friday and then turn up blurry eyed on Monday 🥳

oops, got the days mixed up, half day Wednesday, Thanksgiving Thursday and call in sick Friday.

  • Great! 1
Link to post

Dow bouncing back, Dax following, looks like the top pickers are wrong again, yawn.

Interesting chart from Bloomberg suggesting we could be at the start of a new mini-cycle.

And from Calum Thomas global equities look to be leading global PMIs back up. 

 

image.thumb.png.1c2d24875f6f5337f961285c75f759f6.png

image.png.4718bec326f978afbe2fb70354011430.png

image.thumb.png.e9d88c126401ad10f63e10aab149dda9.png

  • Like 2
Link to post

So as usual expect continuation but keep an eye out for US GDP at 1:30.

Below is this morning's SSI data and as usual retail clients are heavy short the S&P during this 2 month straight bull run. Keep hitting that Sell button guys, you never know one day you might be right though probability says that's unlikely, still, what's probability compared to hopes, dreams, fantasies and derangements.

Some might suggest that rather than using well buttered TA to decide what you think the market SHOULD be doing and acting on it perhaps just wait and see what the market IS doing and act on that instead.

image.thumb.png.b5df82cbe3009339d17515ed98b7b2ca.png

image.thumb.png.e0c120e2d204d0680713f03b40ada75a.png

image.png.afb0a0baee354484229605ae657b32a6.png

  • Like 2
Link to post

Should be interesting today and what happens to indices, no major news expected but US traders back from holiday and how they leave the S&P poised for the weekend should hint to the week ahead. So far a red candle so the top pickers will be back out from undercover because they know they're never wrong, just not right yet 🙃

image.thumb.png.16c75327fae5431f0ac7206b70ba2055.png

image.thumb.png.743532d24eb1f09b50a0f497ea3c7d4d.png

  • Great! 1
Link to post

China better than expected manu PMI data Saturday showing expansion for the first time in 6 months encourages the other indices. US large caps are up over 25% on the year (see asset list below). No doubt the top picking crowd have all steamed in short again following Friday's red candle, I'm not sure these poor souls can actually be helped as it's clearly a derangement syndrome. Some even try to use TA to justify the false reality of imminent total collapse but when the chart is into clear space there is nothing to hang TA on, it's all just wishful thinking.

image.thumb.png.bd7d951bd149873939d675627bfa00b5.png

image.thumb.png.cdfc1d949fcaaf5868c7252f5ce04778.png

image.thumb.png.b9029ac52e908166a0a9701deb7dec3b.png

  • Like 2
Link to post

Looking for a little pullback before buying back in this week :D

In reality I should have let my positions run from a couple weeks back instead of ducking in and out.  Always learning.

Edited by dmedin
  • Like 1
Link to post
1 minute ago, dmedin said:

Looking for a little pullback before buying back in this week :D

In reality I should have let my positions run from a couple weeks back instead of ducking in and out.  Always learning.

true enough, pullbacks are a natural part of the cycle and we are probably overdue one but that's not what 'the crowd' are looking for, they are calling a major reversal and piling in short every time they see a single daily red candle. S&P shorts are at 81%. 

  • Like 2
Link to post
2 hours ago, Caseynotes said:

China better than expected manu PMI data Saturday showing expansion for the first time in 6 months encourages the other indices. US large caps are up over 25% on the year (see asset list below). No doubt the top picking crowd have all steamed in short again following Friday's red candle, I'm not sure these poor souls can actually be helped as it's clearly a derangement syndrome. Some even try to use TA to justify the false reality of imminent total collapse but when the chart is into clear space there is nothing to hang TA on, it's all just wishful thinking.

image.thumb.png.bd7d951bd149873939d675627bfa00b5.png

image.thumb.png.cdfc1d949fcaaf5868c7252f5ce04778.png

image.thumb.png.b9029ac52e908166a0a9701deb7dec3b.png

One of our Analysts have written a piece on this event but I love the visuals you've provided here! Thank you 

Asia's major indices up on the back of upbeat China PMI

  • Thanks 1
Link to post

Solid drop for the Dow yesterday for the first time in over 2 months though hasn't breached the daily chart support level. Dax followed and did breach prior support but now attacking that level attempting to get back above. S&P same as Dow and hoping for support here.

China's recent talk of upping the stakes rather than signing phase 1 plus the disappointing US PMI data has shaken confidence that the talks were proceeding well, no major news today so could be a pause day or an attempt to reclaim lost ground.

image.thumb.png.7beccae39cf9f8399379e7e85c9b2e4f.png

image.thumb.png.f5227c1b9712b15ff151ae5e408ff296.png

http://www.globaltimes.cn/content/1172027.shtml

image.png.3c9035cb0769274a07190db48a7a5993.png

 

  • Like 1
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.

Guest
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
      15,431
    • Total Posts
      73,990
    • Total Members
      62,359
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    patto_
    Joined 18/06/21 14:34
  • Posts

    • 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  
    • ''The front page of tomorrow's Daily Telegraph: 'Scrap school Covid tests, says Oxford jab pioneer'.''   The constant testing of asymptomatic people is a complete waste of time and money and with almost all positives being false cause nothing but chaos. Weapons grade stupidity right from the start.   Meanwhile don't forget SAGE predicted 1200 deaths a day for the June summer surge (try 7). I posted the SAGE prediction back in March in the Wuflu thread, called it total garbage even then.   datatosee.com  @dontbetyet 2h ''Where we are at against Fergusons 1,200 deaths a day in a summer wave. With no real vaccinations in January and it peaked at 1,285 how can 1,200 be realistic in anyway shape or form. Even if we had 0 vaccines still, it is summer and more people with prior infections.''     .
×
×
  • Create New...