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Caseynotes

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Posts posted by Caseynotes

  1. Nice bit of bouncing around with Dow revisiting our old friend 24895 twice today. Dax got off to a slow start with poor German PMI manu figures this morning plus concerning data from Deutsche Bank. All 4 kept in reasonable step and with only an hour and a half to go before US close suspecting these levels may hold.

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  2. Hi @theshidoshi, I would not be surprised if the DRIP, better dashboard and UI, along with the easier orders placement are all rolled out at the same time when the shares platform is updated to the new HTML5 format.

    All this was planned before the esma new regs bombshell which stopped all other development work. That work is continuing now as shown by the recent migration of Options trading onto the new platform. 

    The development work must  be completed soon as the old platforms use Adobe Flash which will be retired shortly anyway. 

    I can understand the frustration at not being given a time frame but can also understand the problem of supplying one when regulators make sudden changes and give such a short period of time for them to be implemented.

  3. Dow and FTSE leading a late morning charge back up to yesterday's highs after finding support around 10 am.

    Dow 15 min bar the strongest of the day or is it the sellers are waiting just up ahead. Get ready for earnings releases.

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  4. Hi @DSchenk,  the NYSE and Nasdaq have an extended hours quote service but I don't think LSE do.

    You can find them on their respective web sites and that is where brokers and commentators are getting their data from. I think the nas has pre-market and extended hours data while nyse just has extended hours data.

    Yahoo Finance also lists recent out of hours trades and price movements so might be worth checking there?

     

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  5. A new day and new levels after a sharp recovery rally on the US open yesterday finding resistance and then consolidating in unison during the APAC session.

    Once again looking for the European open at 7:00 am to hint at the mornings direction and confirmation on the London open at 8:00 am. Currently they are looking to test the 1 hour chart support levels (green).

    image.thumb.png.c1ab14a960f7faa2a089712dcea4cb5c.png

     

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  6. Yeah, it just ran into that prior low from a couple of weeks ago 24895 pushing through 20 odd tick and now attempting a bounce, currently back up to 24945 which was support earlier today so interesting to see what happens here.

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  7. As expected yesterday the indices went looking for resistance and finding it at the short term highs when price fell back to settle near the starting point. Looking at the charts last night it seemed obvious that the next move would be to retest the lows so was a little annoyed to find this morning that they had already done it with Dax dropping 90 tick in the early hours. The down side may not be over yet though as Dow is still reaching and Nikkei has pushed through it's orange daily support level.  >> 

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  8. Early signs indicating a day for testing resistance following the Nikkei lead upward. FTSE has the least distance to travel with the recent short term high at 7095 while Dax has the 11690 to get through before 11851.

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  9. Week end and a look back over the daily charts the Dow looks corrective rather than bearish after the recent refusal to go through the highs while the trade dispute is unresolved.

    They have all gone into consolidation with strong support while waiting for new news to determine next direction.

    The recently announced new up coming trade talks were put on hold during the week with China refusing to consider making any concessions. Meanwhile reports continue out of China of retail sales being badly hit in large markets such as new car sales and property sales with some new build apartments seeing a 30% price drop. Bloomberg reported during the week on the devastation to retail traders in China's stock market quoting an average loss per trader of 100,000 Yuan (around $15,000). China has run out of ammunition for tariff retaliation and Trump looks happy to continue playing the waiting game.

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  10. The morning session saw a trip down for Dax to retest 11487 while Dow went sideways, Dax now returning to 11623 as Dow attempts to break up through 25500 which was a support level on Wednesday. So the US session again looks poised to go higher but the story this week has been for the US open to push lower.

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  11. Another big sell off inspired by the US session again yesterday with patient recovery during the APAC session. FTSE least affected and nearing the top of range.

    Difficult to call whether this 3 bar rally is just a short term retracement before a move to test the lows or a reversal back towards Wednesday's highs. The Euro open at 7:00 may give a hint but the London open at 8:00 should decide it.

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  12. Dow has worked it's way back up to pause at it's previous weekly support level around 25748 and Dax has done the same resting at it's previous weekly support level around 11862 having broken up through it's previous monthly support level 11700 yesterday (dark red). Nikkei and FTSE showing the same chart pattern as Dax and Dow.

    From these red levels maybe looking at a short retracement but could equally see a solid push through, the London open should decide it either way.

    image.thumb.png.c16d89f7ea2ebe5d5de108a8c7866727.png

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  13. The Dow giving an example of price just dribbling out of a triangle pattern sideways rather than exploding out up or down but is building on successive short term support levels to keep retesting resistance. Currently looking for downside below 25172 or a test up of 25484.

    Dax is positioned well for a test of the old monthly support turned resistance at 11700 while FTSE looks to resistance at 7078. These two are following the recent Nikkei move up.

    The Dow daily is an interesting bear pennant made up of dojis, obviously bearish but these recent moves have been more sentiment based than technical.

    1 hour charts (note I have changed round the positions). 

    Daily Dow.

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