Caseynotes

yes, if you are staying in for the longer term there is no point in fretting over every red bar or even a normal cycle pullback. the key is to have confidence in your trailing stop to keep you in through normal corrections but will get you out when an actual downturn occurs. so best not to listen to the majority who are trying to early pick the top.

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Looking for Dow to break above 29175 or below 29098 and for Dax to follow. H1 charts;

Indices pulled back further on speculation that China had engaged in a covered up of the dates and numbers of cases of the virus which was the reason behind the seemingly very fast spread internationally. China has now imposed a travel lock down on the city of 11 million. The Dow chart looks like a normal type pullback while Dax so far not willing to give up on the earlier break of the red weekly chart resistance line. S&P starting today up with a couple of clear support levels below at 3306 and 3296.

China locks down city to prevent virus spread. Indices, Oil and Gold down. Bonds up. ECB rate decision at 12:45 and presser at 1:30.

lol, are you really sure you're cut out for 'buy and hold'?

true, pullbacks and corrections are part of the natural market cycle but in a strong uptrend they should really be viewed as an opportunity to get long or add on long and keep doing that until it stops working which will be the first sign the trend may well be over.

The question is do you think it's a good idea and why; usdcad shot up on the Cad rate decision and mon pol statement at 3pm and then gave it some more on the presser just after 4pm. The big boys clearly thought the new information meant it was time to readjust their positions, the question is has there been any new news since to make them change their mind or maybe are they going to think they over did the rally and regretting it now so take some off? Because they are the only 2 reasons to presume price might reverse back down. The other side is that price might well just consolidate here before continuing upward, especially given oil's continuing decline. Personally I wouldn't be betting the big boys have got it wrong, and if oil continues down tomorrow usdcad could well continue up. The point is you must come up with a valid reason as to why price might go up or down before taking a trade, currently the upside looks the stronger to me.

imagine spending 3 months trying to short that chart 😭🚑🛌

It makes you weep, it really does. 😭

Oh dear, looks like Bernie is getting stitched up second time in a row, even Trump has noticed it. Clinton to say in interview no one likes him, no one wants to work with him. Warren accuses Bernie of calling her a liar on national tv.

Because vaping is such an effective way to administer a drug, hospitals have been using it for decades to not only deliver drugs but also to treat lung disease. People have started producing class A drugs that have been altered to be used in a vape device but with little understanding or control of dosages. When users turn up in A+E they forget to mention the class A bit for some reason and just report they were vaping. 🚑🤨

Squeeze on Dax at R1, Dow not giving a clue as to which way it might go.

Actually vaping looks set to take off again with the US starting to realise the health issues including some deaths associated with vaping in the US recently stem from it being used ad hoc to administer all types of illegal drugs and not anything to do with the device or the basic sugar water and flavourings that is vape juice. It's effectiveness at aiding people getting off tar filled cigarettes is second to none and given that some 70% of Chinese and south east Asian males still smoke would indicate massive untapped markets for vape devices and associated products world wide.

And you're still using trendlines, sheesh. 🙄

Interesting graphic IG have just used. Looks like a 2 Relative Rotation Graphs of Ftse winner/ losers.

I'm presuming this is on the demo platform?

chart? Both looking keen to retest last weeks low.

Hi, the regulations regarding what is allowed in an ISA is not from IG but the government. See the IG ETF screener for ISA and non-ISA. https://etfscreener.ig.com/?cols=AssetClass,Currency,ExpenseRatio,NetAssets,PrimaryExchange,ReturnM1,ReturnM12&filters=GlobalSector,ISA,LeveragedFund,UCITS&map=null&ISA=Yes&search=FTSE 250&page=1&sortCol=NetAssets&sortDir=-1

Hi, presumably you have just hit a patch of increased volatility and, as stated, price moved before the order could be completed, instead just passing on slippage or requoting the platform is saying to hit the buy/sell button again at the new price on the ticket if you still want to place the order.

May have seen our early morning test of support completed and the search for resistance begin.

Another buy opportunity?

Markets shrugged the forth coming zombie apocalypse (has it already got them?). Dax and S&P into new highs, Dow heading that way and Ftse looking upward to monthly chart resistance (purple). I read a report from China on Monday that said this new virus was not as bad as the SARs of a while back stats wise.