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2 hours ago, Caseynotes said:

The question is 'how much more bad news can there be?' with regards to the virus, the western world has locked down for the next 2 weeks with the unemployment and drop in GDP that will cause should already be priced in. Previously on a Fed stimulus announcements was followed by news of escalation on the virus front which promptly swallowed up the stimulus and the selling continued but the virus can't do any more than it's already done can it?, it's enveloped the world and shut every thing down. This may well be the bottom.

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There will be rolling extensions past the two weeks, but nobody has any idea how long this thing will go on for.

China imposed lockdown ~20th Jan and by 20th March appeared to have contained the virus. But the European lockdowns arnt working and who knows what will happen as life returns to normal in China. A second wave seems likely.

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But this is bullish, Gandalf! 🧐

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FTSE 100 hits eight-year closing low

Newsflash: Britain’s blue-chip stock index has hit its lowest closing level since 2011.

The FTSE 100 has ended the day down 196 points, or 3.79%, at 4993.89 points.

That’s its lowest close since October 2011 (although it was lower during ‘intraday’ trading last week).

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It's building up now Patricia 😻

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FTSE and S&P day charts.

Dow and Dax H1 (note I've swapped dax and dow around).

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Trading Floor Audio

@TradeFloorAudio

NO ... You are NOT imagining things !!! We have indeed got a RISK ON opening for European stock markets this morning

IGSquawk  @IGSquawk

European Opening Calls: #FTSE 5166 +3.45% #DAX 9101 +4.12% #CAC 4056 +3.61% #AEX 441 +4.16% #MIB 16315 +4.85% #IBEX 6499 +4.32% #OMX 1340 +3.72% #STOXX 2575 +3.59% #IGOpeningCall

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We will see what the European PMI data says about that.....

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1 minute ago, Bopperz said:

We will see what the European PMI data says about that.....

Purchasing managers are not going to be buying this month, GER expected 43, down from 52 last month.

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How far below expectations will we be? France just printed 30 vs 38 (pred) for composite PMI!

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Just now, Bopperz said:

How far below expectations will we be? France just printed 30 vs 38 (pred) for composite PMI!

yes, the services is the one to watch at the mo and similar to ger france was previous 50, expecting 40 and just came in at 29. ger could well be the same, see in 5 min.

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11 minutes ago, Caseynotes said:

ger services pmi falls to 24.

the initial figure was wrong, looks now to be 34 not 24 for ger sevices pmi.

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Not looking great for the UK data release at 9:30.

UK Services PMI 45? Sounds far to optimistic to me.

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3 minutes ago, Bopperz said:

Not looking great for the UK data release at 9:30.

UK Services PMI 45? Sounds far to optimistic to me.

the data must be pretty meaningless now that all non-essential service businesses are in enforced closure for the foreseeable future but the market did know this was coming. 

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David Jones @JonesTheMarkets

2m

This is interesting - SPY is the ETF that tracks the broad US S&P index.

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The Marketear;

Did retail capitulation just happen?

Merrill Lynch, Pierce, Fenner & Smith saying this is their largest retail sell day of the entire move down

No bottom without retail capitulation...Time for a significant rally attempt

2 hours ago at 07:09

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Cripes alors, Peregrin Gamgee! 🐮

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It's gone limit up, Captain Mainwaring 🤖

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52 minutes ago, dmedin said:

It's gone limit up, Captain Mainwaring 🤖

Got caught in the "lockdown"🥶

Any reason why we cant move a limitorder on IG when this happens?

Well i hope i get positive slippage if reopen with a gap up?

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2 minutes ago, Kodiak said:

Well i hope i get positive slippage if reopen with a gap up

Haha yes, I'm long and hope to get 'locked in' to a much higher price :P:D

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32 minutes ago, Kodiak said:

Got caught in the "lockdown"🥶

Any reason why we cant move a limitorder on IG when this happens?

Well i hope i get positive slippage if reopen with a gap up?

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If a market is limit up/ down then the underlying is suspended. 

We will give clients any positive slippage if the market opens past their limit level 🙂 

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Well, big job losses on the way - hope I can make some money from trading 🤣

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FTSE, 2nd biggest up-day in its history. Bit of optimism about the US package trying to make its way through congress? Or standard dead-cat-bounce?

Thoughts?

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Posted (edited)
19 minutes ago, Bopperz said:

FTSE, 2nd biggest up-day in its history. Bit of optimism about the US package trying to make its way through congress? Or standard dead-cat-bounce?

Thoughts?

I'm closed out as indices are taking a bearish turn but I'm keen to buy if they bounce off the pivot.  The catalyst is probably going to be the U.S. stimulus package getting passed.

Edited by dmedin

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Investing.com

@Investingcom

DOW SOARS 10%, ON TRACK FOR BIGGEST ONE-DAY GAIN SINCE 2008

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Guest Robert66
3 hours ago, dmedin said:

I'm closed out as indices are taking a bearish turn but I'm keen to buy if they bounce off the pivot.  The catalyst is probably going to be the U.S. stimulus package getting passed.

Massive dead cat bounce in my opinion..major manipulation to take out all the shorts .. the thing is going to crash soon 

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