Oscar Reed
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Bit of volume selling into the banks at the open.
Reason for me to short for the day.
As the brokers say people taking profits.
Or I say people taking losses.
Bit of volume selling into the banks at the open.
Reason for me to short for the day.
As the brokers say people taking profits.
Or I say people taking losses.
joseph1986
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cac moved only 20 points
ftse in the negative
dow in the negative
euro and wti down significantly
dxy is also up somewhat
dow down somewhat
The question now is
Why is the stoxx 50 in the same region as last week?
Either A. It's protecting itself from looming large spike down
B. Non resource stocks were suppressed significantly last week
or C. stocks are showing this is as high as we can go for the next few weeks.
Conclusion = be wary of any rallies for the next few days
joseph1986
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Updated dow levels
18570
18536
18518
18465
18446......inject some of that crack cocaine please...we know you want to
18397
18346
18570
18536
18518
18465
18446......inject some of that crack cocaine please...we know you want to
18397
18346
Oscar Reed
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You can see the weight of the banks.
ASX still holding, consumer sector holding it up.
Couple of big hitters in that sector.
Miners(materials) having a bad day.
ASX correction is painful waiting for it.
Been easier to trade individual stocks today rather than the index.
CBA offers good movement most days.
https://en.wikipedia.org/wiki/Commonwealth_Bank
ASX still holding, consumer sector holding it up.
Couple of big hitters in that sector.
Miners(materials) having a bad day.
ASX correction is painful waiting for it.
Been easier to trade individual stocks today rather than the index.
CBA offers good movement most days.
https://en.wikipedia.org/wiki/Commonwealth_Bank
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joseph1986
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dow 18463 within the next few hours or possibly end day close if buyers want to play games...now or later
joseph1986
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asx 5573?
joseph1986
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if you want oscar I can give you a simple excel model for the asx. Pretty reliable for trend reversals but useless for non eventful days
Oscar Reed
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Will take a look. Thanks.
Webiress platform have a market profile style system which is good for stocks.
Helps to find where the buyers and sellers come in.
With the index markets I just look for short bursts of momentum which can be done on chart, bit boring style of trading but works OK.
joseph1986
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stocks from previous close in US with the 1 being open 2 being high 3 being high 4 being close.
SMMU of 2
PFXF of 2
PSI of 2
SPGH of 2
JHMT of 1
IYW of 1
IBDJ of 2
BIB of 3
BBH of 4
LABD of 2
SPGH of 1
IGN of 2
YMLI of 3
ATMP of 1
IHE of 2
RSP of 4
PSCH of 4
PSCE of 1
DGRW of 4
IBDL 2
The sum of the ones highlighted is what I use but you can play with them to see your best combo. These are Sum differences. When number exceeds 3 point difference from yesterday usually indicates to me that there's high probably it's correct. Anything less than 3 point change is business as usual with other tools. This is for otc not the normal trading day
Addendum: 6790 - 6780 could be bear trap.. careful
P
postman
FTSE inverted head and shoulders.
Long 6811
Long 6811
P
postman
6805 or below on a one minute would negate that.
P
postman
Closed at 6805.
P
postman
Added 6798 (don't try this at home!) still in res zone!
joseph1986
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not going long until ftse break 797...may wait until 779
stoxx 50 2969 and asx 5522
stoxx 50 2969 and asx 5522
P
postman
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P
postman
Getting ready for the dow rip.
