Caseynotes

That's it @andysinclair, well done, got there.

ok @andysinclair, so the table you posted was just a sample taken from the web page https://www.excelpricefeed.com/tutorials/excel-igindex-client-sentiment-analysis and is not up to date?

We didn't get our continuation bar yesterday but rather a weak attempt to reverse. Will wait for the London open to gauge direction from here. Dow will look to retest 25214 or aim for yesterday's high 25763. Dax in same situ, test of support at 11404 or yesterday's high at 11634. Ftse, well who knows where that's going, looks to be sitting out the brexit game at this stage.

Thanks for this @andysinclair, it's a great idea to collate all the sentiment data and present it on one page. DailyFX have long used this data, as you suspect, as a contrary indicator, firstly data input from FXCM and lately from IG. You are right to wonder how the IG data is determined, (volume/size, number of transactions, number of traders short/long). IG specifies it is simply the number of their retail traders short/long so it is a simple vote ya or na irrespective of size of conviction. Following this over years it is interesting that the percentages don't leap about but rather move more like the tides. You seem to have calculated the data differently though, in the 'indices' thread I've posted DailyFX IG data previously and the latest real time on S&P 500 is the top pic showing currently 76% IG clients short while the second pic is from a post in the thread from 4th March showing 75% short. To be honest your data actually seems more realistic but I couldn't say why there is such a large discrepancy. https://www.dailyfx.com/sentiment?ref=SubNav

Constant chatter on up coming commons vote; "Brexiteer tells me a defeat by over 100 is on the cards. Here's why: - AG says backstop could trap us still - ERG says it cannot support - DUP's Dodds implies they won't back it. "Charles Walker, vice-chairman of the 1922 committee & staunch defender of PM, says she will have to call election if deal is defeated: 'If it doesn't go through as sure as night follows day there will be a General Election within a matter of days or weeks. It is not sustainable'"

GBPUSD "could be a case of buy the rumour sell the news?" Er... yes;

Concise breakdown from Joe Weisenthal on Modern Monetary Theory.

Big daily bull bar Dow and Dax so looking this morning for longs as price continues up through yesterday's close until PA tells us otherwise. Ftse mid range, commons Brexit vote today - gbpusd gained on news the EU had granted concessions to May at yesterday's evening meeting, will get lively today as the actual details of a deal and vote result are known, could be a case of buy the rumour sell the news?

@zala, the spreadsheet only covers stocks that are listed long term as 'no sell to open' but it may also occur suddenly on high one way volatility on any asset for a short duration of say a couple of days right down to just a couple of minutes.

@psycho, if I am understanding you correctly, with regards to which charting package to do analysis on a pc there are a number of choices; The IG web based platform is fine but has a limited number of indicators. MT4 is very good and has an excellent range of indicators but does not cover stocks and shares. Prorealtime is very good and has good indicators but you need to be trading live regularly to avoid the monthly fee. All three make it easy to set a chart as a template and so any new chart can be quickly converted. I suspect given you are running multiple denomination accounts you may well be better off with IG's web based platform, you could then have separate browser pages open for your different 'My IG' accounts information as well as for your 'My Workspace' pages containing all your charts.

The crowd is still heavy short the S&P but bets have been coming off, now 71% short after being 75% short early last week.

I'll add a link to an answer to the same question asked in another thread.

On the daily charts and Dow looking for support at 25214 while Dax does to same at 11404 following a 5 day drop though Friday saw a daily pin bar for both off those respective support levels so today may see the bulls rally. US retail sales data today 12:30 instead of the usual 1:30 due to summer time clock change in the US. Worth remembering that a bear market doesn't start from the high point of a bull market (and visa-versa). You might look at rejection of a test on resistance as a short-term shorting opportunity but don't lose sight of the overall trend which is Daily chart Bull and Weekly and Monthly chart Consolidation.

@zala, in order to sell to open you must first be able to borrow the asset. What the 'you cannot sell this market to open' message means is that IG can't find anyone who will allow you to borrow it in the first place. A similar message you may see is 'this market is unborrowable', meaning there is no liquidity to lend the asset to you for you to open a short (sell) trade.

Hi @psycho, to get an overview of all accounts you would need to go to your 'MyIG' page and select each account in turn. (see pic below) You will need to make one template for each platform to use to create new charts on that platform. The system looks at each account separately, the free cash amount on an account is that which has not already been allocated as margin for any open positions and so is free to use as margin for a new trade. I'm not exactly sure of the answer to your last question but going by previous conversations on the forum I would stab at; there is a conversion cost to trade USD denominated instruments, you could keep some money in a USD account for opening new USD trades and/or if you were going to withdraw USD. But the conversion cost does not appear to be high and most people seem ok with the auto conversion back to GBP once the trade is closed.

@Trevbeats, spread betting is only available in the UK because it takes advantage of specific UK law. Other counties don't have an equivalent law and are unlikely to create one. The sole advantage of an account outside of ESMA regulation is having a lower margin requirement (higher leverage).

Not that much of a reaction to the very low NFP number, just 20k as opposed to the 180k forecast. The reason being the Unemployment Rate actually went down from 3.9% to 3.8% and Average Hourly Earnings increase m/m went up from 0.3% to 0.4%. The mid-week adp result (see posts above) once again signaled the direction of the Bureau of Labor figures. US market open coming up has seen a drop in the Dow every day so far this week (if memory serves). Let's see.

Actually @TrendFollower I'd forgotten you had already mentioned this move in another thread earlier this morning.

Brannigan Barrett @Trader_Bran 2m "How much impact did #ecb QE have?QE created artificial steepening.German 2/10 curve is as flat as it was when QE started in 2015. So central bank inflated its balance sheet to 2.65trl & moment it stop,growth+infla expectations plunge!Europe is a dying patient on a morphine drip."

This was supposed to be just a throwaway thread but Gold just got a big boost from the very poor China exports data. H4 chart;

Yes @TrendFollower, China had expected to be up 6.6% not down 16.6% US NFP today 1:30 pm. 180K expected but the adp nfp on Wednesday was below a similar forecast. Average Hourly Earnings m/m is forecast for an increase of 0.3%.

Another daily bear bar yesterday for Dow and Dax, Dax was caught up in the downward pressure on the Dow on the US market open after initially getting a boost from Draghi's dovish comments. Also a big move down overnight for Nikkei. China reports exports down again for Feb and now down 16% y/y. Already a lot of selling pressure on Dax pre-European open this morning.

ECB decides to pour more fuel onto the fire Dax up 50 points.