Anyone scalping the FTSE Futures??

[SuddenDeath]

SPY has remained implying 5600 ftse, was down move stop hunting to take out weak bulls ?

 

[hereward the wake]

short 5582

 

[SuddenDeath]

buy Stop 5583 5579sl

 

[SuddenDeath]

long 83.3 79.3sl

 

[SuddenDeath]

long 83.3 79.3sl

sl break even

 

[SuddenDeath]

sl break even

sl 85.3

 

[SuddenDeath]

closed 88.8

for 5.5pts

 

[hereward the wake]

closed 88.8

for 5.5pts

well done ...I'm still short

 

[KurtCocaine]

better than expected retail sales for the UK

 

[mat belton]

With Global PMIs continuing to weaken are we likely to have concerted Central bank intervention soon ?

 

[hereward the wake]

well done ...I'm still short

closed 5592

 

[SuddenDeath]

better than expected retail sales for the UK

hi Kurt, u have to look under the hood of those figures, how much is inflation?

 

[SuddenDeath]

With Global PMIs continuing to weaken are we likely to have concerted Central bank intervention soon ?

Hi Mat, guessing from market reaction to the "bernank" i am guessing he did not hint at more qe

 

[SuddenDeath]

long 90
86sl

 

[SuddenDeath]

long 90
86sl

closed 90.3

 

[mat belton]

morning SD, more twist no QE for now, he seems very hot and cold re QE.. seems to me most funds have de risked or protected for the downside, hence the afternoon rallies

 

[SuddenDeath]

morning SD, more twist no QE for now, he seems very hot and cold re QE.. seems to me most funds have de risked or protected for the downside, hence the afternoon rallies

no qe implies economy has enough juice to keep rolling and stock market will not get artificial boost, I guess the economy must crawl along

there is a chat showing how much the market rallies after each cent bank action, it shows the qe power to boost indices is waning.

also the political aspect, I think the drop in "gasoline" has given boost to consumers.
quite a large boost.

 

[mat belton]

thanks ... very true Oil / US consumer

 

[SuddenDeath]

thanks ... very true Oil / US consumer

saw a chart of WMT and crude. WMT boosted as crude(gasoline) falls

 

[SuddenDeath]

Commentary :: Chart Presentation: The Wal Mart Tell - TraderPlanet