Jump to content

Recommended Posts

Confluence of factors here suggesting there will be a pullback soon - get ready to buy the dip 🐮:D

riceanpea.thumb.png.ed8cca02891f68a3596fa2712951685e.png

Share this post


Link to post

Looking like open interest is starting to take off on the US indices (green line bottom pic). The big guns have stayed on the sidelines til now but look to be coming to the party. 

image.thumb.png.3854626eaaa59fa1b4f442e797223e2d.png

image.png.fac47c8efa82c938010b29bc0f954559.png

  • Great! 1

Share this post


Link to post

And continuing on from the recent big move up in open interest in S&P (see last post above) further evidence hedge funds are finally moving in on US equities in a big way after staying on the sidelines for most of the year.

image.png.4a38b98d582120cfc3194a96abcadc70.png

 

 

Edited by Caseynotes

Share this post


Link to post

Nice looking monthly charts all round, US indices in clear breakout mode, Dax and Ftse after having stalled for a considerable time are in a position to be drawn along with them. The US economy pushes the US indices which in turn pulls the other first world indices along with it. Most of the Dax and Ftse constituents are international companies and so are not tied solely to the countries economy in which they are based (see equally weighted top 10 countries chart below also in breakout mode).  

image.thumb.png.6ddb3d568cfbab4dcb5fb9d67f04e9aa.png

image.thumb.png.80f71cf756bdf621bf263af913b02f80.png

Share this post


Link to post

Nope, went straight on for another test support, currently resting on the weekly S1.

H1 chart;

image.thumb.png.b23e44988432cc3144e53b3e729387de.png

 

 

  • Like 1

Share this post


Link to post

A wee sell off had to arrive at some point, buy the dips bonnie loons 🐮

Edited by dmedin
  • Like 1

Share this post


Link to post

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

Share this post


Link to post

Dax looking to push up off 13107 and try to clear overnight resistance 13137 then target the PP.

The next support level below 13107 is the daily pivot S1 at 13054.

H1 chart;

image.thumb.png.14130ca093de99b6ccff17478fc0d4b2.png

  • Like 1

Share this post


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

Share this post


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”?"

Share this post


Link to post

The bulls wait for the last hour of the last session before the end of year bank holiday to storm it.

Happy New Year!

image.thumb.png.d9eb34ea80b5b082e12aafb598afdfe4.png

image.thumb.png.c654004a5ebd17cce6d2278d75bf1ea5.png

  • Like 1
  • Great! 1

Share this post


Link to post

Dax and Dow continue to push up after the dip down on Mon and Tues. Ftse looking to follow back up to the monthly chart resistance (purple). Daily chart support levels in orange.

image.thumb.png.cf2574c0101fbd20acb0a56bf2367c9b.png

image.thumb.png.081bbeaaf9a7e4020c8575a69702740f.png

Share this post


Link to post

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

H1 charts;

image.thumb.png.689cb3989dfa03fa630c657f9f5099e1.png

  • Like 3

Share this post


Link to post
Posted (edited)

😎

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

Share this post


Link to post

 

I am too much of a chicken to be a permachicken so I sold something else where the resistance was more clearly defined.

 

 

801195785_IGMetaTrader4Terminal.thumb.jpg.36a0bd3d4bf4d5d1133fba395dc7c84e.jpg

Share this post


Link to post

Nice round of bloodletting last night.  If you were up late and on the ball you could have put in a cheeky wee short after that evening star appeared and made some money on the way back down.686234187_WallStreet_20200103_02_33.thumb.png.d6bef9a652d8041af1305dce15821416.png

 

Share this post


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

Share this post


Link to post

Both Dax and Dow trying to bottom out here after another push lower on the London open.

H1 charts;

image.thumb.png.b5a351c47b9c828c426b4e003c466511.png

  • Like 1

Share this post


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
You are posting as a guest. If you have an account, please sign in.
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.


  • Member Statistics

    • Total Topics
      8,862
    • Total Posts
      48,576
    • Total Members
      61,500
    Newest Member
    haks22
    Joined 31/03/20 07:51
  • Posts

    • @dangibharat, ISA is a tax free wrapper where any gains in your ISA account are free UK 'Income Tax' and UK 'Capital Gains Tax'.  Before opening any account may I suggest you spend some quality time conducting research as this information is available online. Also reading and research is a must for any successful investor. It will help you build up a good level of knowledge.  All you had to do is 'Google' it. You would have found out the answer. The fact that you did not and then spent the time asking this on IG Community is slightly worrying. Always try and find out the answer yourself using the 'Internet'. If you cannot then I am sure someone here on IG Community will be able to assist.  Please do not take my post the wrong way. I am trying to get you into the right mindset for becoming a self sufficient investor who relies less on other people and can obtain basic and simple information themselves.   
    • FTSE and S&P daily. Dow and Dax H4 charts;  
    • S&P drives up to Thursday's high. US Oil bounces up off support. Gold continues to consolidate.
×
×