Jump to content

Indices


Recommended Posts

  • Replies 5.1k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Was interesting @PandaFace, even more so now as people realised Trump was only discounting the most severe response  to China (for the moment), not actually halting the 'trade war'. Bounce off th

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

Dax pausing at the weekly R1 and Dow within striking distance of it's all time high. H1 charts;

Posted Images

A dip down to check last weeks lows for Dow and S&P, will it be enough?

China PMI's overnight look stable at just above the 50 mark (slight expansion). Graph below shows how effective Trump's trade war has been in stifling China's exports to the US and why China must get a move on to resolve the dispute. Talk is that the hard work has been done, China officials have been invited to Washington for deal signing and that phase 2 is not expected to take so long as phase 1 to complete.

image.thumb.png.411d0ef84ad0ee31779d0dd3c3b33fce.png

image.png.4346f0c65e88581dd68599b1bd85f558.png

 

  • Thanks 1
Link to post

Good chance gold is rising because it's being bought up as a hedge for the increase in positioning of institutional traders in US equities (see repeated chart below from a previous post above)

Also, people are talking about USD scarcity (in spite of printing) in the face of up coming emerging markets debt maturity which will need to be serviced in USD.  

image.png.b3fce87bb96487c8b058764b4487c734.png

  • Like 2
Link to post

image.thumb.png.4271d5e364e5453190fbc8043abf36aa.png

Tiho Brkan @TihoBrkan

4h

"I think this chart by @MacroOps is THE most simple yet most useful. These gurus who go on a “Recession Watch” every year are trying to randomly pick one of those black candles. Seriously? This is what you’re going to do with your money? And they charge for this “research”?"

Link to post

😎

I prematurely went short on the big indices pre-New Year,  but they aren't finished rising yet (so I went long again, and recouped). 

It will happen at some point though.  (A correction of 5 - 10% apparently.)  Would be nice to be able to catch the correction, AND then buy the dip at the bottom.  That's my goal.  I'm not at all greedy :D 

Edited by dmedin
  • Like 1
Link to post

Dow looking for support at 28636 giving up it's 300 point gain from yesterday after US assassination of Iranian military commander in Baghdad overnight. London open should be interesting, will traders decide to get out before the weekend and possible Iranian retaliation or decide to sit tight. 

image.thumb.png.0190ddb85a7973b1d4d720418abcc299.png

image.thumb.png.cd2fbd3016d49860dbef7a7ed0767ed7.png

image.thumb.png.d40934f8f93cd5faed6a39e4d5b72537.png

  • Sad 2
Link to post

Markets clearly not expecting WWIII is imminent or even the long awaited financial crash in spite of it being 'predicted' every year since 2016. Oh well, just have to keep playing the bull then, boring.

H1 charts;

image.thumb.png.36fd5782f2734c3bd6cdc58337568d33.png

  • Great! 1
Link to post

The first full trading week of the year can often give an insight as to the thoughts of the big players who are looking at the longer term, will the theme be continued accumulation or reverse to distribution? 

The Friday candle on the S&P chart is an interesting one, you might have thought a period of profit taking was due given the unfolding US/Iran drama, and especially on a Friday but after the breaking news and a big reversal down buyers stepped in yet again and bought price back up from the low around 3211 back up to Thursday's open at 3235. Again that is bull strength and confidence, can they keep it going? The direction the market takes tomorrow will be interesting.

S&P daily chart.

image.thumb.png.8c537f10822b59ad634b603d63a75b90.png

  • Like 1
Link to post

This gapping lower open helps confirm the idea that the pullback has begun.  Nice little bull trap set over the New Year period by the media etc, and a perfect little 'incident' in the Middle East as precisely the right time - all just coincidence of course :P

DJI-Daily.thumb.png.d3c52045606a96a6fea6dbad7d7ee572.png 

 

Edited by dmedin
  • Like 1
Link to post

Dow and Dax trying to hang onto their respective daily chart support levels (orange). Which way will the big players take this this week now they are all back at their desks could set the tone for the whole first quarter.

Daily charts with weekly pivots;

image.thumb.png.a11118490f07092b523093aff1dc2e59.png

image.thumb.png.97a6508a650379dc9f09538691fe706a.png

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
      13,694
    • Total Posts
      68,372
    • Total Members
      57,266
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    les638
    Joined 20/01/21 19:12
  • Posts

    • hahaha, and now ... Dylan Davidson @dyl_davidson Holy ****, on the day Biden is sworn in, WHO advises laboratories around the world to reduce the cycle count in PCR Covid testing, which will result in fewer positives!!  WHO Information Notice for IVD Users 2020/05   If you have been reading the thread you will know the high cycle threshold in use for the PCR was a major cause of the very high ratio of false positives (50 - 80%) (if you haven't already have a listen to the 16 min podcast (linked in quoted post) where Harvard Prof explains the different uses for the PCR and the Lateral Flow tests and why we should be using the quick and cheap LFT).
    • I seem to remember reading somewhere that over a certain limit the buying and selling fees are no longer a flat fee and become a percentage of the sale/purchase. Is this true and if so what are the limits and how does one buy or sell above a certain value? I'm talking specifically about equities.  Couldn't find any information on this so any guidance would be welcome. Thanks!
    • I really trade! Here is a trade from this week - The Market is an ETF of the Nasdaq100 Index provided by ishares - CNX1 This was a 2 day Swing trade If you've read the above posts then this is a clear DOUBLE BOTTOM following all the rules mentioned in the posts above ENTRY - Entry was actually set for the high of the Inside bar but the market gapped up and opened at the GREEN horizontal line! which was fine As you can see the DB caused a classic W shape if fulfilled - 2RSI in the <25% Oversold zone = 1 high probability trade potential with target of the swing high of the long leg of the W - as you can see price hit that level this afternoon for a healthy return - This provided a 2R return, "IF" (and we have no control over this) I'd of been triggered in at the high of the Inside bar as planned rather than the gapped entry, the R:R was 4R if stop placed at the swing low or 11R if entry was high of the narrow range IB and stop was at the low of it! - Now in this trade - the intention was the 11R trade but the Gap caused a change of plan THIS IS WHY I TRADE BECAUSE OFTEN THESE TRADES COME OFF INTENDED AS PLANNED - this one didn't but it was still a half decent trade To prove the position - I won't be doing this ever again - very NEARLY got the high! You can SCAN the market EVERY DAY for NARROW RANGE bars - and then when they conform to trading method you employ they offer an ultra high probability trading opportunity with ultra high returns   
×
×
  • Create New...