Caseynotes

Ha, the reaction was within seconds. Trump's twitter account is watched intently for any hint or clue, it's his main form of communications as he rarely does interviews or press conferences. The Dow regularly flutters on a Trump tweet and this one was on the most important topic of all. Trump is the main cause of this downturn, he is using a period of US economic strength to realign trade relations with China, he could end the dispute anytime he wanted but clearly feels he's in a position of strength and is happy waiting for China to make the move.

In case you were wondering what's going on - Trump tweeting on China;

Interesting S&P data on returns in subsequent months following a negative one (-6% or more).

Frustrating day for the Dax yesterday, has retested recent resistance overnight and currently testing recent support. Dow in a similar situation. Looking at either a break below 11400 or a retest of 11500 in Dax.

I prefer to see what the bars are telling me, that was a hard grind up and a sudden dump. Should have been a strong and steady move higher and a weak retrace, not a complete negation of the whole day's move. Also interesting was how Dow was unable to drag Ftse and Dax with it, that was unusual. Fortunately I don't need to worry about the bigger picture and tomorrow is another day.

Savage 1 hour bear bar on US market close in the Dow, others following suit. Coming on the back of a steady grind upward the last hour of the US session and month end slaps price back to close to the US opening level.

Good beat on the ADP nfp today as well @Mercury, 227k vs 188k expected.

Now that the US is open and Dow just tested support we may get a lift on all three (Ftse and Dax).

Ftse doesn't like going it alone unless it has to and is being held up by the Dax which has been out of sorts all morning. >>

Elon just can't keep out of trouble. Despite agreeing to have an overseer to vet his social media communications as part of his settlement with SEC Musk continues to bait, ridicule and show contempt on twitter and has again drawn the attention of SEC lawyers. https://www.foxbusiness.com/business-leaders/is-teslas-elon-musk-violating-the-sec-settlement-with-his-tweets

These 4 hour charts look itching to go higher, they are all chaffing at their daily chart resistance levels (yellow unbroken line) except Nikkei which is back up to it's old weekly support level. The Dax 15 min is again attacking the 11447 on the Euro open, FTSE in similar set up.

Quite a strong day for indices as it turns out, certainly the strongest for Dow for over 2 weeks but progression upward for indices will need to work through multiple resistance levels not least @elle's S&P 150 ema which has clearly captured the recent decline so well. All to play for with ADP nfp tomorrow, BoE interest rate decision Thursday and the big NFP on Friday.

A catch up on the 15 min Dax. Having tried the upside this morning and turning at resistance is now looking to test support after mulling about the 11300 for a couple of hours

Markets held firm overnight with tentative reaching to the upside. As mentioned in the APAC report this is all Trump. He is using US economic strength to realign the trade relationship with China who for decades have taken advantage of free trade while keeping their own markets closed and blatantly stealing intellectual property. They may want to 'save face' but at some point they will have to shift position, the Chinese economy is being impacted on all fronts now. 15 min Dax looks like using 11300 as support so will be looking for a break of 11364 for a test on 11447. A downside break of 11300 should lead to a test of 11238 and 11153.

A strong morning up then a strong push lower. On the US close Dow may have found support at the late June lows. Markets upset again by US warning shots across the bows ahead of new trade talks that if no new efforts by China US is ready with a new round of added tariffs, China of course ran out of ammunition ages ago. Dax, FTSE and Nikkei relying on prior support but much will depend on this APAC session.

Meant to post this earlier in relation to @PandaFace's query. From Ole Hansen's commodities update yesterday. Leveraged funds have been exiting oil longs for 4 straight weeks now, so starting around when Trump was signalling his displeasure at the continuing high price of oil.

Just a quick reply @PandaFace, the reports continue that the Saudis are pumping for dear life following Trump's warning about high oil prices some weeks ago. Saudi output at maximum and looking to remain so for the near term.

On the 1 hour the charts are showing a lazy drift down but the Euro open looks to have found support with a strong initial push upward so the morning's session direction not yet clear. The 15 min Dax puts us mid range with a current target at 11300. >>

Lost count of how many SEC and FBI investigations are ongoing but they seem to be digging deeper, this one on production figures. https://www.wsj.com/articles/tesla-faces-deepening-criminal-probe-over-whether-it-misstated-production-figures-1540576636?mod=e2tw

Like this B of AML bear bull chart, arrow is so bearish it's about to go into the 'Buy' zone.

Only a relay messenger but glad to be of some service.

Interesting 'cut out and keep' chart of S&P monthly returns going back to 1982. >>

Earnings calendar for this week, more big names going through >>

Should be an interesting Monday, on the weekly chart ftse bounced off clear monthly chart support while dow, dax and nikkei are flapping about in the wind here. A closer look at the dow on the 4 hour we have recent support at 24443 and resistance 24895 the later of which is a significant level mentioned numerous time in last weeks posts above. So Monday will be a test on one of these two levels. Let the games begin. O.O

Hi @Duna, you mentioned in the first post ' minimum wealth requirements', I have only heard that term used in relation to professional account applications. It might be worth checking which type of account you are applying for, either a professional account or a standard retail account and check the requirements for both.