Anyone scalping the FTSE Futures??

[SuddenDeath]

FTSE seems direction-less without some data or US open

 

[SuddenDeath]

Don Coxe - Get Ready, Banks to Collapse In Europe,
Don Coxe audio interview
My Blog

 

[klw]

FTSE seems direction-less without some data or US open

Morning all -- Yes they all are atm , CL , EU , GU . Hopefully we'll get some direction soon.

 

[SuddenDeath]

someone should invent a "slide rule" for trading, save having to tap numbers into a calculator

 

[SuddenDeath]

Morning all -- Yes they all are atm , CL , EU , GU . Hopefully we'll get some direction soon.

morning,

we get UK data mortgage approvals at 9.30 not high priority,

1.30 us durable goods, that will be big number since the weak pmi came out causing 250drop in dow,

 

[SuddenDeath]

looking at crude continuous contract the crude is on a very major trendline,

 

[SuddenDeath]

GBPUSD is very strong, should in theory pressure markets unless it reverses

 

[klw]

Dow has tested the overnight highs , now she's testing this morning's lows , she should have a very good idea which way she wants to go now , it's decision time for the MM's

 

[SuddenDeath]

Don Coxe:

“So Italy’s situation is truly serious because they also have a short duration on their debt. If you were holding a three-year Italian bond, but it’s only got three months to maturity, you are probably not going to sell it now because you want to get your money out. But you are not likely to roll it over, unless you are an Italian bank.

So what’s happened is we’ve gradually narrowed down the range of those who, even when the bonds are maturing, want to buy more. We’ve converted the entire European banking system into a funding for the government deficits.

Therefore, we have this situation of two drunks, at night, leaning up against each other, bad governments and bad banks, but the amounts involved are at mind-boggling levels....

 

[klw]

morning,

we get UK data mortgage approvals at 9.30 not high priority,

1.30 us durable goods, that will be big number since the weak pmi came out causing 250drop in dow,

I'm not convinced by this dow bounce , there was a huge h4 down bar on the 21st ,very bearish signal for me , I see more downside medium term , but I have been known to get it wrong before.

 

[enemybury]

morning bustech

FTSE should be 5477 +31 to catch up with sp500 close

Good call!

 

[SuddenDeath]

Terry Smith of Fundsmith explains how the fund/pension industry rips its clients off.
Terry Smith MI 2012_3.mp4 - YouTube

 

[SuddenDeath]

I'm not convinced by this dow bounce , there was a huge h4 down bar on the 21st ,very bearish signal for me , I see more downside medium term , but I have been known to get it wrong before.

Once 1342 on spx was broken on 21st then the markets became bearish

Dow/SP500/FTSE all bearish,

 

[SuddenDeath]

BLT/RIO both down 0.5% defensives doing well

 

[SuddenDeath]

when do we get news from this EU summit?

 

[bustech]

when do we get news from this EU summit?

UEFA European Championship

Portugal V Spain
Wed 27 Jun
19:45


Germany V Italy
Thu 28 Jun
19:45

 

[hereward the wake]

 

[bustech]

Check the DAX its breaking down.
Might drag the FTSE with it.

 

[SuddenDeath]

I'm not convinced by this dow bounce , there was a huge h4 down bar on the 21st ,very bearish signal for me , I see more downside medium term , but I have been known to get it wrong before.

just saw this brent contango article in ft

 

[hereward the wake]

Check the DAX its breaking down.
Might drag the FTSE with it.

Still very slow over there though... sitting on my hands