Caseynotes

probably true, the real news these days is in the presser and it's hints for immediate future expectations. But what about Carney and the BoE tomorrow, talk of a possible rate cut there?

was reading this morning that Apple is now worth more than all the companies on the Dax 30 put together 😳

Hi, the answer is no, the min requirement for accessing PRT is trades placed with IG no matter on which platform, at least that's how it always used to be.

Hi, because Flash will be discontinued soon browsers keep turning Flash off on site permissions. Click on the padlock icon in the address bar, go to site settings and set Flash to 'allow' (not ask), close settings and click on the 'reload page' banner.

Dax and Dow starting the London session between the daily pivot and R1 having tested R1 earlier. Doesn't look like a test of support to start rather a retest of resistance. M5 charts;

Nice bullish reversal candle on the Dow and S&P yesterday and a strong start already this morning.

Overnight Indices Bonds Gold Oil and USD all up, nice trick. Today is of course FOMC day, rate decision at 7pm, presser at 7:30.

once again you deliberately miss the point and that is that the plan must make a whole and complete system, each component is worthless on it's own, refusal to make a plan is something you've steadfastly held onto all this time instead preferring to complain that nothing works. you must be getting bored by now.

This is pretty much 'on point'. "When someone states that moving averages or TA "don't work" they show their limitations, because the signal alone is not the system. Position sizing, trade management & money management are what determine the success of the system, not the signal. Random entry test confirms." Larry Tentarelli @LMT978

After an initial push down on the London open not much happening with Dow just below the daily pivot and Dax midway between the pivot and S1. M5 charts;

Dow and S&P have reversed yesterday's losses overnight, 3 daily red candles in a row though wow, haven't seen that since Feb, May, July, Aug, Oct. Amazing.

Overnight Indices up. Bonds, Oil and Gold down. Today at 1:30pm US durable goods and at 3pm US consumer conf.

Dow revisit to R2 then back up to R1 on the US open. Another comparison chart of the SARS impact, this time on China retail trade and indy prod, short lived dip.

Dow looking to retake R1 after finding support and bouncing up off R2. M5 charts;

that's useful and I didn't know we could post links direct to .mq4 files, brilliant.

Dow looking to have another go at R2 after R1 failed as support.

A gap fill could still happen but need to secure support first.

Dow early test of support at R1, see if this holds, Dax followed down to it's own R2.

Dax and Dow moving sideways trapped just below the daily pivot. M15 charts;

Some very big names reporting this week, likely to be more market moving than coronavirus updates.

Recent outbreaks SARS and Zika; Their news story count and indices reactions.

The gold chart is not showing signs of panic either;

The indices are certainly not showing panic selling and in fact looks more like a normal monthly correction, today will be telling as to whether the slide will be contained or not. The top pickers are back out with their usual predictions, one red candle = coming recession, two red candles clearly indicates the end of the world is nigh. Over the weekend there was lots of scrambling about for historic comparisons and the SARS outbreak was the go to data pile which didn't actually cause world wide economic meltdown (see bottom chart).

Over the weekend Indices and Oil down, Bonds and Gold up. Today Ger business climate and expectations at 9am. US housing data at 3pm.

I don't think many retail clients with their on average £1000 accounts have hedged that by taking out S&P shorts tbh. Looking at the COT data for the S&P open interest is still relatively low so not really 'massively' long (see chart). The bond market has been falling for years as I've discussed in the Modern Monetary Theory thread and is a sign of long term changes in global economics rather than near term pessimism. The 2s and 10s spread and yields in general have actually pulled back from recession mode lately (see chart). And looking at the weekend S&P there doesn't seem to be any panic selling but rather a normal correction on the back of new news regarding a spreading virus which may have an affect on near term economics, very reasonable I would have thought.