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Caseynotes

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Posts posted by Caseynotes

  1. Looking relatively bullish with less than an hour to go in the US session, especially on a day of headlines re; coronavirus, identified in 4 countries outside China including the first case detected in the US reported just a few hours ago. 

    S&P daily;

    image.thumb.png.4b9733d187b50756788779d41241d427.png

  2. 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

    • Great! 1
  3. 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

    • Great! 1
  4. 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. 

    • Thought provoking 1
  5. 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.

    • Like 1
  6. Useful information for when you catch the virus  👀 🛌🥼🚑

    Mr Yen @RealBrianWatt

    thru human history, when you read stories of influenza deaths in the millions, and people playing cards in the afternoon and being dead by nightfall, it is usually a "cytokine storm" in the body that causes it.

    A cytokine storm is an overproduction of immune cells and their activating compounds (cytokines), which, in a flu infection, is often associated with a surge of activated immune cells into the lungs. And then you basically drown

    • Thought provoking 1
  7. 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.

    image.thumb.png.ebf1a6adba0be6b96e8705a0a17c0524.png

    • Like 1
  8. 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.

  9. Frankfurt open looking at an attempt to recover, the second news report on IG as in the daily dashboard post below on Japan seeing receding global risk. The battle of 2 opposing headlines.

    UPDATE 4 – BOJ holds fire, nudges up growth f'cast on receding global risks

    07:30
    • BOJ keeps interest rate targets, guidance unchanged
    • Board nudges up economic growth forecasts
    • Report says global risks receding somewhat

    H1 charts;

    image.thumb.png.8611e0acd44ee7c5bc089c81bb4d88ef.png

  10. WRAPUP 1-China virus outbreak spooks global markets as fourth death reported

    04:46
        * Fourth person dies from pneumonia in city of Wuhan 
        * More than 220 cases confirmed, mostly in China
        * Asian shares fall amid fears of outbreak's spread
        * Australia, Singapore strengthen screening measures

    image.thumb.png.4a6a22e3cd0c9f3d16ab7b9049a77cfd.png

    image.thumb.png.4f8ce296fc7b81b1c8b5f1b4663de900.png

    image.thumb.png.60ada073e189c65de4baeee543fc8645.pngimage.thumb.png.60ada073e189c65de4baeee543fc8645.png

    • Like 1
  11. 9 minutes ago, cheviot said:

    To (miss) quote Bill McLaren  (RIP)  Stocks are trading...'like a wet haggis'..

    They all followed Dow when it dropped on the 1am hourly bar, the only thing I can find that it's attributed to is news SARs type virus outbreak in China has reportedly spread to other countries.

    image.thumb.png.f80e6f95c873a0b8069d24366fdb7f65.png

     

  12. 3 hours ago, dmedin said:

    Slow day today 😑

    it was slow especially the afternoon with no US session but the market held up well enough and still looks in reasonable shape to test recent highs on the proper week start up tomorrow.

    image.thumb.png.eb1274b5442736039f83126cec84eef2.png

    • Like 1
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