dmedin
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Everything posted by dmedin
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Interesting! Big speculators considerably long on one, but quite short on the other!
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Apropos of which, I've gone against one of the cardinal rules that I meant to set for myself, which is not to trade against the trend. But we'll see what happens with JD Sports - I'd be really surprised if it shoots up past £8 in the near future. 😋
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Do be so defensive.
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All eyes on the idiot-in-chief tonight!
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https://uk.reuters.com/article/uk-usa-trump-trade/markets-hope-for-positive-signs-from-trump-trade-speech-idUKKBN1XM0JR
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IG's Chris Beauchamp advised us all to go long on FTSE 100 the other day. 😺
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Zut alors! I wonder if it will go all the way to 1029? I would bet so, but my modest funds are tied up other things OTOH, it might be a nice buy when it reaches the bottom and starts climbing again later on.
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The big speculators are still considerably net long on gold futures.
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I doubt there's any chance of Boeing dropping below 29000. Like Muilenberg, the slippery little serpent who will retire a billionaire, this stock is not subject to the same rules as the little people are. Heck, I bet that by this time next year the share price is at an all time high.
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Interesting. It seems as if you need to be in hourly mode (or less) to make wave counts because I can't make head or tail of it on daily charts. I just redraw Fibs until they line up.
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@Caseynotes Checked my trusty 'Technical analysis of the Financial Markets' by John J. Murphy and he says that the commercials (hedgers) are usually right. Apropos of which:
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@CharlotteIG It's sporadic and does not usually persist
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I quit my trade while I was still in small profit. Once again, I got in far too late - ending up with the sloppy leftovers. Disgusting fat pig
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The 'uptrend' in momentum has been broken
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No bouncy-bouncy in sight 😮
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You shouldn't be asking 'why'. It either works, or it doesn't. Pure TA doesn't care about 'why'.
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https://uk.reuters.com/article/us-usa-stocks/wall-street-set-for-weak-open-as-trump-hong-kong-sour-mood-idUSKBN1XL1LP Donald Trump is an absolute godsend to the mainstream media!
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https://uk.reuters.com/article/us-investment-summit-protests/investors-wary-as-social-unrest-spreads-from-hong-kong-to-santiago-idUKKBN1XL0J6 It's all bad for the bottom line, baby ...
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Bad news for the construction industry.
dmedin posted a topic in General Trading Strategy Discussion
Insurance requirements to prevent people burning to death is hitting profitability. And we all know that profitability is the most important thing of all. https://uk.reuters.com/article/us-britain-grenfell-insurance/uk-building-sector-hit-by-surge-in-insurance-costs-after-grenfell-fire-idUKKBN1XL1J4 -
It's always been that way, I believe. London is where people come to rustle up money to go and extract resources from other countries.
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The Dax and the Dow seem to be correlated. Yes, America is exceptional.
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Yes, because life in London is a real paradise - the envy of all right-minded human beings. More financial sector scumbags doing what they do best - committing fraud and ripping people off: https://uk.reuters.com/article/us-ubs-hongkong/ubs-fined-51-million-by-hong-kong-regulator-for-overcharging-clients-idUKKBN1XL114
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Clearly, EU membership has been very beneficial to Greece.
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I thought the bullish stories were aimed at America, not the UK. We already know that the UK is in decline, and not just economically. Scotland will be an independent EU nation shortly.
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Nice chart from IG ...
