Caseynotes

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.

the 'up nearly 24% on the year' sounds like everyone is all ready in long but that figure comes after the big drop in Dec so not really the case, open interest is still low so there's still a lot of upside potential and we know sentiment has been low for a while but looks to have turned up recently both in emerging markets and developed markets.

perpetually redrawing TA lines is all part of the fun but with investment and experience you will be able to produce charts like the one below that clearly show so much more information than your current humble efforts 🙂

certainly the London session is showing caution but support looks to be holding so not actually pulling back any further, will be interesting to see if the US want to buy into the highs straight into the weekend.

LiveSquawk @LiveSquawk BAML: European Equities Saw Biggest Inflows In 88 Weeks Surmounting To $1.7Bln - RTRS

John McDonnell on Venezuela: “Here you have the contrast between capitalism... and socialism.” 2 minute infographic vid South American countries 1990 - 2018.

Hi, the chat link can be found on the IG 'Contact Us' page which is linked from the bottom of the IG welcome page but I'm not sure if it is available in every country.

Pullback overnight to the new daily pivot, if supported here will be looking for a retest of yesterday's highs. Not much on the calendar today but always the possibility of breaking trade deal news.

Dax and Dow continue into clear space, The Dax all time high is just ahead at 13596. Ftse and ASX still trapped by key resistance, Ftse with Brexit woes and ASX with China econ strength woes. Not sure today, maybe a cautionary pullback going into the weekend, not much on the calendar, continued gains today would be extremely bullish.

Overnight Indices and Oil down, USD and Bonds up, Gold at key support. Chart Apple continues it's rise. Today Ger trade bal at 7am, Cad employment figures at 1:30pm, US consumer senti at 3pm.

MMT is coming, the US dollar is here to stay, and “value” investing is dead: an interview with Dylan Grice By: John Stepek07/11/2019 https://moneyweek.com/517760/mmt-is-coming-the-us-dollar-is-here-to-stay-and-value-investing-is-dead-an-interview-with-dylan-grice/

Hi, I'm presuming you are meaning for the share dealing platform which is rather old and due for replacement in the new year. A stop loss is just an sell order for an equal amount as the initial buy, see this thread,

wtf, I was wondering why my alarms were going mad > Michael Hewson @mhewson_CMC China Ministry - China and US have agreed to lift tariffs as deal progresses. Amount of tariff relief in phase 1 depends on content.. Equity futures rising. 7:26am · 7 Nov 2019 · TweetDeck

Both remain in a bull flag. Interesting lesson here. Why isn't price going higher? Bulls have driven price up but at the moment see no reason to buy the high until there is new stimulus, price drops down to the bottom of the tight flag range, bulls see that as a buy the low opportunity. Not much of a low you say but as far as the bulls are concerned it's as low as they are going to get as things stand. Bulls are clearly in control and it would need real bad news to make them cover and run. You don't need technical analysis to see this, in fact covering the chart in TA is just going to obscure the picture and mislead, or even worse, cover the chart in TA in an attempt to bolster your bias for a move in the opposite direction. TA is just an indicator and market movers will use it or ignore it as they choose, same as any other indicator.

Dax and Dow still paused at the highs, Ftse and ASX approach near term resistance. Attempts to push higher yesterday stalled on news there would be no signing of the phase 1 trade deal between US and China in November, next possible date is Dec 3rd and 4th. “Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria” - John Templeton

Not too much movement overnight, Indices mixed, USD pause at resistance, Gold up slightly and Oil down. Chart Ftse at near term resistance. All about the BoE rate decision at 12pm and the Carney presser at 12:30 today. EU econ forecast at 10am.

Dax and Dow maintaining the bull flag though Dax pushed up to tag R2 after the check of support following the London open for both Dax and Dow. Now following the US open and another test of support so will be looking for a test of resistance next. H1 charts;

🙂 yes I think you're right but I wasn't sure I fully understood the question so opted for the double barrel solution.

I'm just watching it again (half way through) and forgotten how good it is. It explains a lot as to why so many just keep going round in circles.

This video from the Chartist is doing the rounds again, remember it from a while back, it looks at the difference between qualitative and quantitative aspects of trading and raises some good points such as why most trading courses fail their students. 40 min.

Hi, log on to IG and see https://www.ig.com/uk/learn-to-trade/ig-academy and https://www.youtube.com/channel/UCwvras8SRKKhx_cboj2p1nw

Hi, time zones are broker stamped and can't be changed unless you use a third party platform with a change zone function like the IG RealProTime platform. Your chart layout can be saved to be applied to all charts by right clicking on the chart and selecting Layouts > Save as (se pic).