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11 minutes ago, cheviot said:

The big issues for US500 and Dow is FANG begins its reports with Netflix and Apple over the next week....If earnings are nt showing expansion or they miss ...The market will drop hard ....

That reminds me; see Earnings thread.

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8 minutes ago, Caseynotes said:

That reminds me; see Earnings thread.

include here for reference;

image.thumb.png.44a3a8ffdcde08dd4416c08e845e3b89.png

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Finally!  An excuse for the herd to change direction...

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3 minutes ago, dmedin said:

Finally!  An excuse for the herd to change direction...

I've still not got involved here. the move to catch was overnight, now on the dax price is mulling around S2 and the weekly chart resistance level (red) so recently broken and the next direction is not clear. need to see a break in either direction.

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Agreed.  Doesn't look like there's a good chance to trade yet, in either direction :(

 

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Wait for the earnings... wait for the earnings... wait for the earnings :P

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A good beat on the Ger and EU econ senti data could help things along. A strong positive after a long run of negatives. Chart.

image.png.f9b4a2b06eea0c31315761da42deff38.png

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Back to our FTSE triangle.  Bear case is that its a B wave to 7670 failed then must test bottom of triangle.  Watch for the the most aggressive moves....are all down within Triangle.  C leg will be a test of 7450 region and lower.  Sorry I said the Bear word....I ll try not to in future....784092267_FTSE100_20200121_10_43.png.3526318c52931f84a27c8bbf9174ec67.png

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no need to worry, people have been telling us for years on end we were about to enter the big bear market, still waiting.

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1 minute ago, Caseynotes said:

no need to worry, people have been telling us for years on end we were about to enter the big bear market, still waiting.

No its too early for big bear super cycle as there are too many bears out there..For the market to collapse the whole market must be the wrong way round..i.e There are too many trying to pick tops or who are uninvested in the market When the market believes it can t loose, then it ll loose....Great turns have been silver in 1980 and cable in 1986..I think we re-test SP 3000 ,  In a C leg that ive been spouting on about...There could be an aggressive sell off down to test 2600 ,   That might be the end of C with a move back up from there, that gets euphoric etc etc....Hits the top of big trend lines again , then market will be ready to sell off big style....a years time maybe ????  2 nd Trump win ...

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4 minutes ago, Caseynotes said:

dax trying to punch it's way up out of the box now;

image.thumb.png.16a7432c1f3dde20e0c54266d0c01880.png

Yanks will try and close the o/night gap  at around 3322, pick up their abandoned baby , also reasonable channel support on the hrly came in at 3309 ....

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I think there was a "second entry" setup for a sell just before the largest bear candle on the 5 min Dax chart.

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2 minutes ago, AndrewS said:

I think there was a "second entry" setup for a sell just before the largest bear candle on the 5 min Dax chart.

back at 7:30 and the rejection of S1 for a retest of S2?

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3 minutes ago, Caseynotes said:

back at 7:30 and the rejection of S1 for a retest of S2?

Yes, and it was more likely to fall 50 points than rise 50 points there. Edited the first test was at  7.30 and the more reliable second test was at 8.00

Edited by AndrewS
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Bouncy-bouncy Aileen, bouncy bouncy 😻

591353293_USTech100_20200121_12_32.thumb.png.7c5b8225e098af1888d9b1db4fbad7c7.png

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11 minutes ago, dmedin said:

Benefit of hindsight? 🤔

market open is nearly always a problem especially when there are 2 (Frank and Lon), often they will counter each other but today they rather complimented each other.

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early talk from US traders is of fading the panic move which has so far been the case in the London session and usually not a bad idea, especially as after the initial market moving headline there has been little follow up news. 

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3 hours ago, dmedin said:

Wait for the earnings... wait for the earnings... wait for the earnings :P

Tbh...Earning s are important but if these markets were pricing in expected earnings growth, they d 10-20% lower.   Even Apple /FANG stox will only yield marginally higher y on y......The rest is all about enthusiasm , capital growth tax cuts etc etc.....Nowhere else to put hot money.....The really smart money is leaving the stock market every time it goes up.....

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21 minutes ago, cheviot said:

Tbh...Earning s are important but if these markets were pricing in expected earnings growth, they d 10-20% lower.   Even Apple /FANG stox will only yield marginally higher y on y......The rest is all about enthusiasm , capital growth tax cuts etc etc.....Nowhere else to put hot money.....The really smart money is leaving the stock market every time it goes up.....

 

If the money came out of the stock market and was crystallized as expenditure in the real economy then we could solve world poverty, revolutionize energy and transportation ... but it could also be inflationary.

The only reason it's not is because the rich hoard all their money and never spend it on anything worthwhile :)

Edited by dmedin
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14 minutes ago, dmedin said:

 

If the money came out of the stock market and was crystallized as expenditure in the real economy then we could solve world poverty, revolutionize energy and transportation ... but it could also be inflationary.

The only reason it's not is because the rich hoard all their money and never spend it on anything worthwhile :)

world poverty is all ready being solved, by capitalism funnily enough, down 50% in the last 2 decades 🥳🥳

https://humanprogress.org/article.php?p=1287

Edited by Caseynotes
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1 hour ago, Caseynotes said:

early talk from US traders is of fading the panic move which has so far been the case in the London session and usually not a bad idea, especially as after the initial market moving headline there has been little follow up news. 

and they did , Dow M15 chart;

image.thumb.png.f3a9a8cc8b7cd62b13648c7240d47df3.png

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