Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; European stocks may be vulnerable to a reversal of this positive initial trend. One of the standards that has emerged ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 20, 2018, 12:16pm   #84505
Joined Apr 2014
European stocks may be vulnerable to a reversal of this positive initial trend. One of the standards that has emerged in 2018 is the underperformance of European markets vis-ŗ-vis the Americans. Since the beginning of the year, the Eurostoxx50 lost 3.12% while the S&P500 appreciated 1.47% (and the Nasdaq100 7.32%). As a consequence of this trend and to reinforce it, the position of hedge funds has been in place. According to Reuters, the amount of short sales on European stocks amounts to 188,000 M.USD, one of the highest levels since the sovereign debt crisis in Europe.
psaTrading is offline   Reply With Quote
Old Mar 22, 2018, 1:19am   #84506
Joined Apr 2014
After an uncertain start, the indices of the Old Continent began a slight downward trend that lasted until the last hour of trading, when a brief rally led them back to the opening levels. One of the vulnerabilities of European markets today was the banking sector. The epicenter of the weakness of this sector was the Italian banks. On the positive side, the oil sector stood out, reflecting the rise in oil prices. Crude was picking up on rumors that President Trump and Saudi Hereditary Crown Prince were studying a way to counter Iranís expansion into the Middle East.
psaTrading is offline   Reply With Quote
Old Mar 23, 2018, 1:56am   #84507
Joined Apr 2014
Two of the factors that conditioned the European session, including the specter of a world-wide trade war and the effects of the FED meeting, were also putting pressure on US stocks. Another factor that was causing some nervousness among American markets was the weakness of the so-called FAANG (Facebook, Apple, Amazon, Netflix and Google) that was spreading to the rest of the market.
psaTrading is offline   Reply With Quote
Old Mar 23, 2018, 10:34am   #84508
 
cbrads's Avatar
Joined Mar 2014
My latest best guess...
Attached Thumbnails
23-03-18dow.jpg  
cbrads is online now   Reply With Quote
Thanks! The following members like this post: wallstreetwarrior87
Old Mar 23, 2018, 6:49pm   #84509
Joined Apr 2014
European markets again ended the session with significant losses. President Trump's decision to impose customs duties on Chinese imports has revived fears about a global trade war. These fears have translated into a strong aversion to risk that has affected not only stocks (especially the more cyclical and the more export oriented) but also oil and industrial commodities. On the other hand, assets refuge such as state bonds, Swiss franc and gold appreciated.
psaTrading is offline   Reply With Quote
Old Mar 23, 2018, 7:39pm   #84510
Joined Oct 2009
Quote:
Originally Posted by cbrads View Post
My latest best guess...
Looks good to me cbrads, maybe not a 50% retrace, as the big boys are controlling the order flow currently; they have the short positions in place, and basically have retail where they want them. Currently has been capped at 24100, so this area may prove to be difficult to overcome. Having said that 24500 is smack bang upside resistance and would be a short from there, but it makes more sense to use this current volatility to drive price down from here.

Looking at S&P as the main market - 2600 looks like a tough zone to crack, but the Dow normally expands a tad out off line with the S&P at the extreme points in the market, hence a quick dive below 23000 should clear out the deadwood, and shake everyone's nerves a little. The market should then work its way back into the range for a few months, then ultimately attack the highs for record prints once again, by year end.
wallstreetwarrior87 is offline   Reply With Quote
Old Mar 23, 2018, 9:36pm   #84511
Joined Oct 2009
Quote:
Originally Posted by wallstreetwarrior87 View Post
Looks good to me cbrads, maybe not a 50% retrace, as the big boys are controlling the order flow currently; they have the short positions in place, and basically have retail where they want them. Currently has been capped at 24100, so this area may prove to be difficult to overcome. Having said that 24500 is smack bang upside resistance and would be a short from there, but it makes more sense to use this current volatility to drive price down from here.

Looking at S&P as the main market - 2600 looks like a tough zone to crack, but the Dow normally expands a tad out off line with the S&P at the extreme points in the market, hence a quick dive below 23000 should clear out the deadwood, and shake everyone's nerves a little. The market should then work its way back into the range for a few months, then ultimately attack the highs for record prints once again, by year end.

Going by the close - could happen Monday/Tuesday
Attached Thumbnails
dow.jpg  
wallstreetwarrior87 is offline   Reply With Quote
Thanks! The following members like this post: cbrads
Old Mar 26, 2018, 5:35pm   #84512
Joined Apr 2014
Mitigating concerns about a possible trade war favored the US market earlier this week. Microsoft was up about 6 percent after Morgan Stanley raised its target price for the company, noting that the software company's market capitalization reach $ 1 billion with the growing adoption by cloud customers, as well as improved margins.
psaTrading is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ftse Professional Scalping 2George Indices 223 Aug 23, 2017 8:57am
Scalping the FTSE nick_uk First Steps 14 Mar 23, 2017 7:40pm
FTSE future for day trading and scalping bennie83 Indices 18 Nov 28, 2016 3:14pm
Scalping Futures nutella First Steps 5 May 9, 2014 5:45pm
What DMA for FTSE scalping is cheapest? Need to learn first maxima Indices 1 Apr 9, 2008 12:17pm

Currently Active Users Viewing This Thread: 13 (0 members and 13 guests)