Anyone scalping the FTSE Futures??

medallion way

Active member
108 16
Fri saw something that hasn't been seen for a while... US markets down over 1% in a session and now 2% off their highs. They are approaching levels that entering longs needs to be considered. My view is that further lows will be seen but some smalls long positions around current levels (DOW support 28,840) might be warranted. EU did not participate in the sell-off but France just announced 2 confirmed cases of the snake flue so expect a gap down on Monday.
 
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postman

Legendary member
22,612 2,555
Fri saw something that hasn't been seen for a while... US markets down over 1% in a session and now 2% off their highs. They are approaching levels that entering longs needs to be considered. My view is that further lows will be seen but some smalls long positions around current levels (DOW 28,840) might be warranted. EU did not participate in the sell-off but France just announced 2 confirmed cases of the snake flue so expect a gap down on Monday.
I dont like the look of the chart either, I'm expecting more downside, its that time of year.
 

medallion way

Active member
108 16
A bit of a tug-a-war between the Perma bulls and the realists going on here, Supports have held but I think the realists will eventually win and new lows will be seen. Market's persistence resilience in the face of no good news is getting ridiculous.
 

medallion way

Active member
108 16
Tesla reached a market cap of over $200b making it the most valuable car company in the US, surpassing GM and Ford. Not bad for a company with just 2 manufacturing plants and who has yet to make a profit, not to mention that Tesla counts production in x,000's while Ford & GM count it in x,000,000's. Market euphoria is serving Musk well but the short-sellers haven't given up on Tesla saying that the Co has zero future after Musk.
 
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postman

Legendary member
22,612 2,555
Tesla reached a market cap of over $200b making it the most valuable car company in the US, surpassing GM and Ford. Not bad for a company with just 2 manufacturing plants and who has yet to make a profit, not to mention that Tesla counts production in x,000's while Ford & GM count it in x,000,000's. Market euphoria is serving Musk well but the short-sellers haven't given up on Tesla saying that the Co has zero future after Musk.
So Tesla is basically a tech company.
 
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