Caseynotes
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Posts posted by Caseynotes
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Strong bull yesterday for Dow and a strong start this morning as well, heading back up towards the all time high. Dax still some work to do to reclaim Friday's losses and Ftse also starting the day strongly.
Daily charts;
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US Indices creeping back up to the highs, Bonds, Oil and Gold down.
EU CPI and retail sales at 10am. US ISM services PMI at 3pm 54.5 expected up from 53.9 previous.
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6 minutes ago, CharlotteIG said:
We also have the following coming out at 14:45 GMT:
USD Markit Services PMI (Dec) & USD Markit PMI Composite (Dec)
Something to look out for.
Both a beat on expectations;
Services 52.8 (est 52.2)
Composite 52.7 (est 52.2)
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Interesting video on reviewing your journal and so therefore shows the benefits of journaling in the first place. Demonstrates identifying problems early and taking steps to correct them before they damage your account.
It uses the Edgewonk journal which is a paid for journal, I'm not pushing edgewonk but rather pushing the advantages of using journals and what a time saver they really are.
There are 2 basic free journals linked in this thread if you have a look through, anything is better than nothing.
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no need to guess, the chart will be obvious because 'buy the dip' will have stopped working, but looking at that chart above it would have done you proud up til now and still hasn't actually failed as yet.
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3 hours ago, Caseynotes said:
Just realised I linked back to the same thread, more on HIN and SRN numbers in this thread;
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Just now, cheviot said:
Hi I G graphics are wrong atm.....haha
that's quite possible, often happens before the US open.
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not only not selling but that's what you call 'buying the dip' 🥳🥳🥳
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2 minutes ago, Caseynotes said:
with a chart that looks like that why wouldn't I be going short already? 🤨
ah, you edited your post after I had replied, I would be wary of staying in short for too long during any retracement especially around these levels which is essentially the bottom of a consolidation period in what is still a bull market.
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Just now, dmedin said:
Waiting before going short 😎
with a chart that looks like that why wouldn't I be going short already? 🤨
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4 minutes ago, dmedin said:
Zut alors, Wilfred! 😱 DAX is pulling back a fair bit. Are you waiting for the U.S. open?
Waiting for what?
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15 hours ago, Guest Frank said:
how can i shift the moving avrage?
Hi, click on the MA box to bring up the edit function, see pic
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3 minutes ago, AndrewS said:
Reminiscent of the interview with Mark Douglas.
Cricky, that takes me back a bit.
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1 hour ago, Guest Rika said:
Hi, I am having the same problem. Did you ever find out how to access HIN numbers? thank you
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3 hours ago, dmedin said:
Oh well... heads you lose, tails you also lose, such is the nature of retail trading
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1 hour ago, dmedin said:
David Kurten @davidkurten
14h
Australian firefighters slam climate alarmists and 'green tape' for preventing back-burning which would have prevented the now huge bushfires. I'll believe Australian firefighters over a Swedish NWO puppet-child any day of the week.
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Actually, speaking of AMD this chart popped up a number of times last week with the tag 'is this bubble number 3?'
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9 hours ago, dmedin said:
Ooh I guess there was 'another universe' because all I remember hearing about in 2019 was how bad things looked for AMD, Apple, Intel and all the others 😢
that's coz you keep listening to the er 'wrong' (using a polite word) people.
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Dow and Dax trying to hang onto their respective daily chart support levels (orange). Which way will the big players take this this week now they are all back at their desks could set the tone for the whole first quarter.
Daily charts with weekly pivots;
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Indices down, Bonds, Oil and Gold up.
Markit services PMIs for UK, Ger, EU and US today, the more important ISM US services PMI tomorrow.
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"Trend retracement or reversal? – Can volume be a useful “clue”?"
Short article on volume analysis;
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31 minutes ago, dmedin said:
Now that the Tories are going to make Britain 'Singapore on steroids' hopefully there will be no more need for offshoring ... UK workers can be worked like slaves 24/7 instead
Ha ha, - oops ...
"Singaporeans live longer and healthier lives than Europeans do. They are also much richer."
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The first full trading week of the year can often give an insight as to the thoughts of the big players who are looking at the longer term, will the theme be continued accumulation or reverse to distribution?
The Friday candle on the S&P chart is an interesting one, you might have thought a period of profit taking was due given the unfolding US/Iran drama, and especially on a Friday but after the breaking news and a big reversal down buyers stepped in yet again and bought price back up from the low around 3211 back up to Thursday's open at 3235. Again that is bull strength and confidence, can they keep it going? The direction the market takes tomorrow will be interesting.
S&P daily chart.
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GOLD
in Commodities
Posted
January a strong month for Gold, 7 positive Jans over the last 10 years but the early burst this year means Gold is already at the monthly average.
h/t to Chris Weston.