dmedin

Two perspectives on the indices from two charts. The daily chart indicates a top (with the benefit of hindsight), where you could have tried your hand at a short with a stop just above 29405, thus limited risk. Then the gap low with two tests of the window. But sometimes price will test the window and the resume the uptrend. In this case it was tested twice before dropping back down. The ideal action then would have been to wait and not trade until price decisively closed beneath or above the window. 15 minute chart is absolutely ideal, but you rarely see something as perfect as this.

Very interesting and I would agree with never shorting any individual big-cap U.S. shares. Just too crazy. Boeing though, would have been a great short from January 2019 with a stop at or around $440, but that's with hindsight.

Seems to have gone? I still don't use Twitter. Just realized that the first time I saw someone using Facebook was 12 years ago and I still don't use it. I'm getting old and useless.

Apropos: https://uk.reuters.com/article/us-britain-sterling-boe/british-regulators-scrutiny-to-fall-on-futures-order-after-mystery-spike-in-sterling-idUKKBN1ZU2QX

I can't find the option to show swap rates, and I'm usually fairly good with tech stuff

Looks like all January gains will be given up and maybe some of December's.

Selling like hot cakes now. Get ready for bargain-basement buying at the bottom!

I think Ramki will do EWP analysis of a specific market for you if you pay him. Similar service available from EWI.

'Sinking like a stone, mate.' Think this will lead to another wave of job cuts in the oil industry.

Can't get my head around wave counts, maybe after another 2 - 5 years' practice.

That's not mainstream, that's what fraudsters and charlatans say.

So basically our future 'relationship' will be based on how much the mob boss of America likes the prime minister. Sounds really optimistic and empowering.

lol

Hope nobody here relies on any medication from the NHS. https://www.theguardian.com/politics/2020/jan/31/trump-will-put-us-interests-first-in-trade-talks-says-kim-darroch-ambassador

Apple still has the 'magic'. It hasn't turned into BlackBerry, pretending that problems don't exist and refusing to listen. For example they are releasing a new, cheaper and smaller iPhone. There is still a big market for reasonably-sized phones. The new iPads are luscious. https://www.theregister.co.uk/2020/01/30/apples_iphone_laptops/

Why would anyone want to open a new long position at this moment in time?

The day chart is more significant

Five minute chart?

Dax and Dow are taking a huge dump, but U.S. Tech 100 isn't. What to make of this divergence?

What's not immediately obvious is that you pay overnight long interest on DFB indices, which can mean you end up paying more in charges than you get in dividends. I don't know if you even get dividends on futures.

Ah I do like a bit of Stevie Wonder 😁🥳

J&J is as safe and sound an investment as ever - buy the dips!

Not denying the mid- to long-term outlook is positive, but if anyone tried to trade in the last week or so they would have been stopped out by the enormous whipsaws up and down. Buy and hold, if you have a perma-bullish outlook? (Or even just if you understand the nature of capitalism and stock markets with their permanent REQUIREMENT for continuous growth to survive) As per Daniel Kahneman in 'Thinking Fast/Slow', stop looking at charts every day and only readjust your 'portfolio' every few months? Stop getting whipsawed by this 'volatility' that 'day traders' talk about, but for most people just results in being stopped out?

Barely even a correction ... Fibs, Pivots, candles ... none of the tools of TA can help to trade this. It just has a mind of its own.

Until it looks like something else ... Getting so tired of this game now.