andysinclair

10 minutes before US open: Oil down over 10% and GBPUSD at 30 year lows: Powered by https://www.excelpricefeed.com

US Futures closed due to limit down again (-5%). Everything else red, including the USD following another emergency rate cut by the Fed last night. Powered by https://www.excelpricefeed.com

I agree, definitely way too early... Here's a S&P500 chart covering the dotcom and 2008 crashes. Waiting for a few green months before buying seems to be like a simple signal. You miss out on some gains but overall you manage to buy "near" the bottom. Anybody got any other ideas/signals? I don't want to miss this one!

Til when?? Don't forget to post on here when we've reached the bottom... 😁

I've no idea how this is going to play out, just when you think it can't go any lower...it does as the bad news keeps coming out. The big question is when does it turn? When the news changes to countries opening back up, travel restrictions being lifted etc? Like all market crashes we will look back on this in 5/10 years and think what a great time to buy (at the bottom) but when is that?

I'm afraid this can happen if you just use a normal stop-loss and not a "controlled risk" stop loss (which you pay a premium for). Markets can gap right through stop-losses so you can lose more than you expect.

Whenever I need to see the time I just look at the last update time of a liquid market such as Dow or S&P500 futures in my watchlist.

US Futures down whilst European indices are up. Oil heading back down. IG clients long everything except the euro: Powered by https://www.excelpricefeed.com

I think for every incident, especially down-time with the platform where you can't login/trade etc IG should publish a full analysis of what happened and what they will do to prevent it happening in the future. Like I said on another thread, I can understand that systems go down/have issues especially under unexpected/heavy load, however once this has happened there needs to be a full investigation as to what happened and a plan to prevent it happening again. The first time is forgivable; the second time not so much; the third time is really not acceptable. Thanks!

My charts seem to be working fine now. However, I am very concerned with system stability during times of high volatility/volume. It seems that the IG systems can't cope and nothing seems to have been done to address this since the last outage. An explanation of what happened and action being taken is long overdue. Can you help? @CharlotteIG

US futures limits hit this morning: "trading in some of the world’s most popular equity contracts went quiet when declines reached 5%, setting off Chicago Mercantile Exchange limits that keep prices from falling further." More details here from Bloomberg: https://www.bloomberg.com/news/articles/2020-03-08/rout-in-u-s-stock-futures-would-trigger-trading-curbs-at-5 Currently suspended on the IG platform:

Great, thanks for the quick response, I'm looking forward to seeing this improvement.

@CharlotteIG Can I make one suggestion for the Trade Analytics screen? Could option trades be grouped so you could see PL for say "S&P500 Options" rather than the PL for each individual S&P500 option traded? This would make analysis clearer so you could see where you made/lost PL in comparison to other markets traded. Thanks!

All red again this morning, S&P500 already in a 86 point range for the day! IG clients generally optimistic, long most major markets: Built using https://www.excelpricefeed.com

Thanks for that explanation, I was thinking more about holding until expiry. I'm building a spreadsheet to visualise how the premiums move throughout the day and in relation to the market...no revelations so far!

Just looking options on IG for the first time... If you buy the 26680 put at 101 then to make money you need the market to drop 246 points (to the strike at 26680) + 101 to cover your costs, so a net drop of 347 points (to 26579) before you start making a profit?

It must be a problem with the Demo system, I am not seeing any daily Wall Street options on Demo, but I can see them on Live.

Thought I would take a closer look at oil. It's the usual story, here is the oil price (orange) vs client long sentiment (blue). As the price dropped from the start of the year clients have been loading up their long positions:

Not much movement around this morning, IG clients still long cryptos and oil, short indices and the USD: Powered by Excel Price Feed

So TSLA up over 20% today. I've just updated one of my spreadsheets, interesting to see how the "upstart" manufacturer is getting close to Toyota to gain the number 1 spot by market cap!

Stock price vs IG Clients % long positions over last few months. As the stock started moving up less clients went long, with a big drop last week as the stock rose even more. And the last few days as the stock has popped higher clients are now shifting back into long positions. At the moment it's up over 3% in the pre-market. Data provided by Excel Price Feed

Lots of red this afternoon, stock indices and the dollar at day range lows. Only winner today is gold: Built using https://www.excelpricefeed.com

S&P500 breaks through 3,300 and DJIA through 29,000. USD, gold and oil flat with cryptocurrencies weaker: Built using https://www.excelpricefeed.com

Not too shabby, about at 32% return over the year...Donald will be happy.

Yep, me too. I am one of those clients that went short as the market went up...looking back going long (and holding) at any point in the past 6 months would have been profitable. Trying to pick turning points is almost impossible, the trend is your friend...easier said than done though as you start to think "it can't possibly go any higher, must drop soon..."