SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
Tapering has been overblown (ft video)
P
postman
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
Brilliant call. Hope you took a few points from that.
yep recently we have not been getting pivot targets hit. hope we are returning to normal trading
sp500 mar 1834.1 has also been hit, sp500 is now technically strong.
P
postman
Still another 10 points to go on the S&P....
P
postman
Should be able to get at least another 2 tonight.
P
postman
Ive closed my short on the Dow and gone long. - There is this irrational need for the S&P to close the gap and this is dragging the Dow higher.
Will short from a better position tomorrow...
Will short from a better position tomorrow...
P
postman
Jessi_trader
Veteren member
- Messages
- 4,110
- Likes
- 172
This is like taking candy from a baby - there's no downside.
There is a need to touch 17000 and 6949 this week because next week down turn "MAY" start.
Job data and alcoa this week may give a rollercoaster ride, so fasten your belt.
Last edited:
P
postman
There is no way the Dow is touching 17000 this week.
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
morning everyone
dow 16,508 can act as a pivot level today
currently 515/517
dow 16,508 can act as a pivot level today
currently 515/517
Last edited:
P
postman
Morning SD.
Looks like we've had our action for the AM session, we'll be waiting for Wall Street now.
S&P to reach for the gap close and then tank IMO.
Poor old Oscar....
In his own words "My appologies for such a crappy Omni call yesterday".
http://www.youtube.com/watch?featur...t=UUez8uA1o_fDYsrSf4auWSjg&v=_MqsXUUUwm4#t=37
2 Videos this year - both completely wrong.
Looks like we've had our action for the AM session, we'll be waiting for Wall Street now.
S&P to reach for the gap close and then tank IMO.
Poor old Oscar....
In his own words "My appologies for such a crappy Omni call yesterday".
http://www.youtube.com/watch?featur...t=UUez8uA1o_fDYsrSf4auWSjg&v=_MqsXUUUwm4#t=37
2 Videos this year - both completely wrong.
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
Morning SD.
Looks like we've had our action for the AM session, we'll be waiting for Wall Street now.
S&P to reach for the gap close and then tank IMO.
Poor old Oscar....
In his own words "My appologies for such a crappy Omni call yesterday".
http://www.youtube.com/watch?featur...t=UUez8uA1o_fDYsrSf4auWSjg&v=_MqsXUUUwm4#t=37
2 Videos this year - both completely wrong.
yep he is very honest about his bad calls
us markets seem to be filling yesterdays opening cash gap
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
morning all short 6745 on ftse off the 5o% retrace ... down day?
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
cnbc hosts are so annoying they have an excellent guest Michael Browne , they keep interrupting him and think they know better than he does.
morning htw
morning htw
Last edited:
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
Dax very spikey and no clear direction
P
postman
Waiting for Wall Street.
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
Dom today
From The Trader
Daily market outlook
08 January 2014
EUROPEAN OVERVIEW
The case for seeking longs in the indices looks compelling to me right now.
1) It’s January, a seasonally strong time of the year for equities.
2) The main indices covered here all remain in robust technical uptrends.
3) UK retail trader opinion is leaning in a bearish direction – which is bullish.
4) The US and German markets are right around their all-time highs.
5) The markets are not overstretched on their daily or intraday charts.
6) Liquidity conditions remain benign for now.
7) The economic and micro-fundamental newsflow is still bullish.
8) The bull market in US stocks is approaching a bullish 6th year.
9) Breadth on the NYSE is confirming the positive price action.
10) Mid-caps are leading the charge higher in the UK.
In these conditions, I only really want to be playing the indices as a bull. The action yesterday triggered some of my buying criteria, while gold has backed up also in line with my call.
Today's Market Focus
Gold melts once more
Gold melts once more
As I have been predicting, gold reversed hard yesterday. I never thought its rally was the real deal and I still do not. The yellow metal is heading back to $1200 in the near-term, I reckon. I await a breach of the 55-fourhourly EMA to confirm my view.
DAY: I’d short a hard drop back through the 55-fourhourly EMA.
POSITION: None.
SUPPORT RESISTANCE
$1224.47 $1285.35
$1211.52 $1276.24
$1206.66 $1252.11
$1199.11 $1239.11
From The Trader
Daily market outlook
08 January 2014
EUROPEAN OVERVIEW
The case for seeking longs in the indices looks compelling to me right now.
1) It’s January, a seasonally strong time of the year for equities.
2) The main indices covered here all remain in robust technical uptrends.
3) UK retail trader opinion is leaning in a bearish direction – which is bullish.
4) The US and German markets are right around their all-time highs.
5) The markets are not overstretched on their daily or intraday charts.
6) Liquidity conditions remain benign for now.
7) The economic and micro-fundamental newsflow is still bullish.
8) The bull market in US stocks is approaching a bullish 6th year.
9) Breadth on the NYSE is confirming the positive price action.
10) Mid-caps are leading the charge higher in the UK.
In these conditions, I only really want to be playing the indices as a bull. The action yesterday triggered some of my buying criteria, while gold has backed up also in line with my call.
Today's Market Focus
Gold melts once more
Gold melts once more
As I have been predicting, gold reversed hard yesterday. I never thought its rally was the real deal and I still do not. The yellow metal is heading back to $1200 in the near-term, I reckon. I await a breach of the 55-fourhourly EMA to confirm my view.
DAY: I’d short a hard drop back through the 55-fourhourly EMA.
POSITION: None.
SUPPORT RESISTANCE
$1224.47 $1285.35
$1211.52 $1276.24
$1206.66 $1252.11
$1199.11 $1239.11
P
postman
Ok Oscar's saying Up, Dom is saying Up, I'm saying short rally then sell off and close down.
Just my opinion, based on a weak close on Friday and a weak Monday followed by turnaround Tuesday, it my mind it all adds up to a down week.
I have been wrong before.
Just my opinion, based on a weak close on Friday and a weak Monday followed by turnaround Tuesday, it my mind it all adds up to a down week.
I have been wrong before.
Last edited by a moderator:
Jessi_trader
Veteren member
- Messages
- 4,110
- Likes
- 172
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
Ok Oscar's saying Up, Dom is saying Up, I'm saying short rally then sell off and close down.
Just my opinion, based on a weak close on Friday and a weak Monday followed by turnaround Tuesday, it my mind it all adds up to a down week.
I have been wrong before.
Want a job on Investors Chronicle?
