Jump to content

Indices


Caseynotes

Recommended Posts

FTSE    daily.   Bounced hard off an Andrews median line....Theory is that act as strong resistance as do 1/4 and 3/4 lines.  Most powerful signal is when an instrument gaps though over night....Its very steep as you see, but not to be underestimated as a support line.  

FTSE 100_20200226_12.41.png

  • Like 2
Link to comment
3 minutes ago, dmedin said:

I've lost as much as I've made trying to buy lows/sell highs.  This is so dumb :D

why you trying to guess the highs and lows? Price has spent the whole day travelling between levels, all these levels (except the new H1 support green 12366) have been on the chart since early this morning (check postings above) 👀

image.thumb.png.3883fe14e4f82c3754d64f6f766c878a.png

  • Thought provoking 1
Link to comment
1 hour ago, trade247 said:

so whats the direction you think on this @cheviot ? and same to be applied to Wall St?

FTSE and DJ are not really on the same page...FTSE trapped in this triangle of 18 months duration...Bid to the roof when its up , and looks like **** when its on its toosh ....Typical triangle ....Basically the market wants to follow , but does nt know where to go as there is fundamental conflict.  I think with FTSE , it is heavy weight miners and oil, retailers and banks....and with £ and Brexit , it has nt got the follow through to break out , as there is no real spark. 

Wall St is different....They do nt have as many head winds, and they have a very accommodating Fed....They ve had tax cuts galore and V importantly there has been alot of corporate buy backs.....Also Heavy tech industry...FANG has done really well....we do nt have that in FTSE....So we wo nt follow until there is a few more things clear.    L T I think Ftse/UK could pick up really well...while US goes through election etc.  

I m a buyer of Wall street, here but only to carry/sell.....later,  I think tummy says that its over done....a bit of choice buying....but be prepared to dump it ....quick.  

We ll probably try th e upside in a week as every body talks CV2019 down....But ....watch the TBond.....If it can get through 1.8 % yield , stocks will drop very quickly...  

Link to comment

T Bond getting bought up again....200.00 base  203.25  on th e long bond...Equity rally may fade as bond sellers are running out of steam at 200. 

Watch the T Bond even if you do nt trade it...It ll warn you of what INDX s are going to do next....   203.25 equates to 1.8% yield, so far its never broken it in 50 years...If it does...INDXs will get slammed again....

Link to comment
5 hours ago, cheviot said:

Is that your upside buy signal ...or do you sell there ?  

I d say that was a retrace you sell at ??  

No, not buy signal. 28400 is my estimation for deciding up or down for the medium term.

I day trade so care more about daily direction. As of close tonight, it looks so far away from that level.🤔

Let's see what the overnight reaction has in store for us and hopefully we all make some more money tomorrow.

Link to comment

707222909_US500_20200227_07_25.png.022890d38af3e5ea06f1d38f1c411b86.pngReasons to be cheerful 'Part two'....as the late great Ian Dury would say: 

Dow J  Sp and oil all hit long term wash out targets.   DAily RSI s are all in bounce territory.  

DJ hit and is bouncing off  78.2% correction of the uptrend

SP hit 61.8%  correction of up trend

Oil hit long term support line at $47.70 and is the bottom of Wave B of a complex wave correction  

TB has not broken 203.25 on Futures and 1.8%  

FTSE   bouncing off bottom of triangle and geometric support of 2 median lines.  

 

Edited by cheviot
Link to comment

GRAPHIC – China's top container ports unclog backlog as virus curbs ease

07:43

BEIJING, Feb 27 (Reuters) – China's top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.

  • Like 1
  • Thanks 1
Link to comment
11 minutes ago, Bopperz said:

Chucked in the towel around 3PM yesterday, unwound my FTSE short as the market kept pushing upwards through 7000. I check the charts this morning and everything sold at 4:30PM!

So annoying! 🥵

 

It's better to 'zoom out' and take daily and four-hourly readings at times like these, if you're dealing in short time frames in such a hectic time of upheaval you will just get sh@fted over and over again.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      16,698
    • Total Posts
      79,639
    • Total Members
      65,208
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    PierreDuvall
    Joined 09/12/21 12:58
  • Posts

    • 12/07/21 8 Top Pfizer, Moderna Shareholders $10 Billion Richer After Media Hypes Omicron Fears • Children's Health Defense (childrenshealthdefense.org)   Comprehensive roundup of mask studies and data from around the world. Are Face Masks Effective? The Evidence. – Swiss Policy Research (swprs.org)  
    • FEAR IS PUSHED HIGH! CONFLICTING REPORTS FROM VARIOUS SOURCES. VESTED INTEREST GROUPS (MEDICAL & PHARMA VIA THEIR OTHER SOURCES) ADVICE BOOSTERS. THE NEW VARIANT IS ALARMING, IT WILL REACH A MILLION! HOLD ON, DID WE NOT HAVE HYPE AND FEAR BUILT UP FOR BREXIT? NOW REPLACE BREXIT WITH COVID. YOU SEE WHAT I MEAN. ANSWER: HAVE PROPER PROTOCOLS ENFORCED IF IT IS TRULY A CONCERN, I.E WEAR MASKS, DISTANCING IN AND KEEP THE HOMES, COMPANIES AND PUBLIC PLACES CLEANED DAILY WITH THE MOST EFFECTIVE DISINFECTANTS. AND KEEP THE WORKFORCE WORKING AND THE ECONOMY RUNNING IS SHOULD BE THE HIGHEST PRIORITY. COMPANIES CAN PAY FOR THEIR COSTS OF HANDLING COVID PROTOCOLS, BUT AT LEAST BUSINESS KEEPS RUNNING. LET INDIVIDUALS DECIDE IF THEY LIKE A BOOSTER (NO ENFORCEMENT). IF THEY DO NOT THEN THEY ARE RESPONSIBLE FOR THEIR LIFE. The best type of disinfectants is shown at :     https://www.decon7.com/ HOW COME THE GOVERNMENT IS NOT ADVISED ON THAT. IT IS KNOWN BY THE MILITARY AD THEY HELPED CREATE THE BEST FORM THERE IS TO DEFEAT ANY eliminate the toughest microorganisms? WHO IS SUPPRESSING THE KNOW-HOW OF THIS VITAL TECHNOLOGY?    
    • If its going to work there's not too much faffing, it'll faff if the 50% level is not working - which is happening right now on GOLD On the daily chart a stop of 25 points for the SP500 is fine
×
×
  • Create New...