Caseynotes
-
Posts
13,207 -
Joined
-
Last visited
-
Days Won
556
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by Caseynotes
-
-
Overnight Indices mixed, Bonds, Oil and Gold up. Chart BTC down 1%.
US oil and USD still trapped by resistance, Gold trying to push up off recent lows.
Ger prelim GDP beat expectations this morning +0.1%, -0.1% forecast. UK retail sales at 9:30am, EU GDP at 10am and US PPIs at 1:30pm. Fed's Powell testifies to congress at 3pm.
-
18 minutes ago, CharlotteIG said:
We can already see the affect the inflation announcement had on the FTSE today at 9:30, but it's recovered slightly.
Also today is the start of the Trump impeachment hearings which might also affect the markets. Starting at 10am (I think EST which is 3pm gmt).
How to watch Wednesday's impeachment hearing
-
1
-
-
Dax and Dow looking to bounce up off S2 meanwhile more good news as EU industrial production m/m stays positive in spite of forecast to decrease 0.2%.
-
1
-
-
12 hours ago, dmedin said:
Interesting! Big speculators considerably long on one, but quite short on the other!
Different grades different markets.
-
A tag on the highs just before London cash close yesterday and then a pullback to mid range. Both below the daily pivot this morning so would expect to see an attempt on the pivot on the London open, success or failure will determine either R1 or S1 as the next target.
-
1
-
-
Dax and Dow consolidating around the highs, Ftse contemplating the up coming UK election and S&P made it's 8th new all time high in the last 14 trading days yesterday.
-
Overnight Indices, Bonds and Oil down. Gold up, Crypto mixed. Chart Gold.
UK CPI at 9:30am. US CPI at 1:30pm. Japan GDP at 11:50pm.
-
New educational video from CryptoCred on Multi Time Frame analysis.
(120 min)
-
Huge beat in ZEW figures:
EUR German ZEW Survey Expectations (NOV),
Actual: -2.1
Expected: -13.0
Previous: -22.8
-
1
-
-
14 minutes ago, AndrewS said:
Indicator showing the correlations between the SPX500 and a number of currency pairs and indexes across several time frames.
ex4 file download here, see 4th post down;
https://www.cryptocraft.com/printthread.php?t=453930&pp=40&page=4
-
Early push through up to R1 for Dow, Dax follows. Ger econ sentiment today though still negative is expected to show signs of recovery and Trump speaks on the economy at 5pm may impact the markets today.
-
Dax and Dow looking set to push higher, Ftse and ASX still trapped by resistance.
BAML global fund managers survey of asset allocation shows push into equities and sentiment for global economy for the next 12 months turns positive.
-
1
-
-
Trump speaks and the market duly responds, back to risk on. Indices, Oil and USD up, Bonds and Gold down.
UK average earnings, EU and Ger econ sentiment at 10am, Trump and Fed speak this afternoon.
-
46 minutes ago, dmedin said:
Checked my trusty 'Technical analysis of the Financial Markets' by John J. Murphy and he says that the commercials (hedgers) are usually right.
not the case, the commercials are the product producers, users and hedgers working through investment banks and institutions, large speculators are registered traders working for investment banks and institutions, note that the net positions of the two are a near mirror image.
During trends large speculators are usually on the right side of the market but tend to get over extended and when there is no one else to sell/ buy to/from the market stops working for them, commercials are better at seeing these signs of coming tops and bottoms.
Your graph shows the long bull trend in Dow in which the large speculators are net long for the duration while the commercials are net short. But you need not worry about the commercials they do just fine providing the other side of the market for the large speculators, as you point out, many of the commercial contracts are hedging for the producers/users and are expected to expire worthless.
-
1
-
-
2 hours ago, JSS said:
Thanks for the replies.
I had no idea that an index/indice is an actual market on its own and that it mimics a "basket of stocks".
Another question in regards to this then, why buying an asset as an indice? I understand why I buy a cfd contract using an indice as an underlying asset as I'm speculating on the market going up or down and by doing so hopefully making some money.. But if you then, as I understand you can, why buy the indice directly? As I can buy a stock directly.. I don't see any direct value in owning the "rights" to an indice..
Starting to understand that one might not want to seek to much logic in this "industry" but interesting to understand why people buy what they do.
Thanks again for the replies..
that's right, you can't actually buy the index, you can only buy the leveraged derivative such as a cfd, spread bet or option on futures which is based on the underlying index.
-
32 minutes ago, JSS said:
Hello everyone!
I am fairly new to trading but am starting to pick up a thing or two. Have focused a lot of time on learning TA which has proven to workout pretty well.
One thing that I do not understand about TA and when it comes to trading an Index is: How can an index follow the "patterns" (if you so may) of TA since as I understand it an Index such as the "OMXS30" for instance is just a collection of a bunch of different stocks that are not bought or sold. It makes perfect sense when it comes to currencies as then there are actual trades going on and I understand how market psychology will affect.. But then again, how can an Index follow the "patterns" of TA when it is not dependent on people buying or selling an underlying asset but rather dependent on stocks that are "out of the index control", if that makes any sense.
Very much looking forward to an answer!
Thanks,
J
An index is a market that sets out to track or mimic the performance of a basket of constituents stocks but is not tied to them directly. The index is a market in it's own right and behaves as directed by the market participants, the buyers and sellers of the index, not the constituent stocks.
-
16 minutes ago, dmedin said:
Wall Street’s main indexes were set to retreat at the open on Monday as comments by President Donald Trump dampened expectations around a U.S.-China trade deal,
H4 Dax and Dow on the US market open look to have found support after pulling back on news Trump had never agreed to a roll back of the tariffs late on Friday.
-
1
-
-
Over 70% of countries making up the MSCI World Index (23 developed markets and 24 emerging markets) now have a rising 200 dma.
"Following up on last week's report – on the importance of the big picture: Most global Stock markets are in uptrends (rising 200dmas). This condition defined *nearly all* global Bull markets in history, AND weakness correctly anticipated every Bear market. Currently Bullish."
-
1
-
-
On 09/11/2019 at 14:47, ForecastBA said:
I want know how the IG platform works, i need technical information based on how to utilize the platform as a new user. I need to know about Tabs and buttons what they mean and how to use them.
Hi , best to start with the IG Academy, you will need to login first.
-
1
-
-
16 hours ago, underestimateme said:
Hi
I trade shares within my ISA. I also use spreadbetting to short shares. It's all part of the same trading strategy.
I've tried Yahoo Money, Stockopedia and the like - but none of them can manage shorts held within my spreadbetting accounts.
Any recommendations for accessible and reasonably priced portfolio tracker software which can include both traditional share trading and spread betting?
Many thanks
u_e
Hi, it might be worth taking a look at the Edgewonk journaling package which covers spread betting, cfd, FX, stocks and Futures.
-
1
-
-
Indices losing some of their risk on enthusiasm and pulling back a touch. Ftse and ASX still at resistance while Dax and Dow are clear above their monthly chart resistance levels (purple) but currently looking for support.
-
Overnight Indices, Oil and USD down. Gold and Bonds up.
US Veterans day, UK GDP.
-
Very impressive S&P weekly and Monthly charts;
-
Bespoke @bespokeinvest
There haven't been many times in the last decade where the yield curve steepened this much this fast.
Indices
in Indices and Macro Events
Posted
Dax just pulling back on the London open as is Dow which pushed through it's all time high overnight. Ftse and ASX still trapped by resistance. China announced more poor manu data as the trade dispute drags on.