Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

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FTSE100 has been in closing auction for 25mins+, anyone know why the auction is taking more than the noral 6mins??
 
FTSE100 has been in closing auction for 25mins+, anyone know why the auction is taking more than the noral 6mins??

Technical problems on the exchange - the order book has gone squirly for certain shares. My understanding is that there won't be a closing auction for the affected shares today.
 
dollar index
uup.the etf
10 mins data points
support broken

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Could be 100% are right!.. I think looking at the crowds position on paddy is very useful but only in conjunction with other indicators (whatever T.A method you feel works best for you)... also we dont know how many people are actually trading through paddy.. could be just 1!!... would love to find a reliable way to have a look at market consensus though.. looking at the short interest in some u.s markets can help http://bit.ly/xlk24 shows short interest in power shares (power shares replicate the nasdaq).. you can see that the shorts increased by only 0.40% (this is not high).. if you see the short interest jump high (50-100%) then you know the market is short.. again this is not a 100% reliable indicator.. would love to find one.. i bet goldmans know everyones positions!!

you need the Commitment of Traders data. this data shows what the big commercial futures traders are doing, as compared to the speculators.

the idea is that the hedge traders usually get it right, so knowing which way they are going could give you an idea of what the smart money is doing.

the put/call ratio is another sentiment indicator i think too.
 
update on uup/dollar index chart i posted yesterday
the bulls got rejected.we are now in a critical zone.a test of the latest uptrend.
lets see what happens

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same chart with na few more lines on.the latest downtrend has had o real breach.price has not stayed above this.so still in a downtrend.but,there is a minor uptrend/blue being retested.so we are in a neutral zone.lots of volatility until the direction gets certain.great for day traders and short term traders...i think

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SINGAPORE (MarketWatch) -- Asian stock markets were mostly higher Tuesday after the Dow Jones Industrial Average rose to a new closing high for the year Monday. In Sydney, AXA Asia Pacific was trading higher a day after the firm rejected a combined multibillion dollar takeover bid from AXA SA and AMP.

Investors in the U.S. were cheered by the absence of signals from the meeting of Group of 20 finance ministers on exiting loose monetary policies. That in turn boosted risk appetite, dented the U.S. dollar and buoyed commodity prices.

"Just when risky assets started to look vulnerable, policymakers have come out to reassure investors that the world is safe for risk," Barclays Capital analysts said in a note to clients.

Japan's Nikkei 225 was up 1.6% with Australia's S&P/ASX 200 1.0% higher and South Korea's Kospi Composite up 0.6%. Hong Kong's Hang Seng Index advanced 0.8%. DJIA futures were 9 points lower in screen trade. Stock markets were getting a lift as "concerns about an immediate exit from economic stimulus programs seemed to have eased somewhat after the poor U.S. employment data," said Hwang Bin-ah at Kyobo Securities in Seoul.

China shares were up slightly with the Shanghai Composite Index gaining 0.3%. Elsewhere, Singapore's Straits Times Index was 0.6% higher while Malaysia's Kuala Lumpur Composite Index was up 0.6%, and Taiwan shares rose 0.6%. Philippine stocks were up 2.0%, Indonesia shares added 0.6% while Thailand shares tacked on 0.5%. New Zealand's NZX-50 was 0.1% higher.

Financials across the region were mostly higher after their U.S. counterparts helped pace the rise on Wall Street Monday.

National Australia Bank was up 1.2%, Commonwealth Bank rose 0.5%, and in Seoul, Shinhan Financial advanced 2.0% while Woori Finance tacked on 1.6%. In Tokyo, Sumitomo Mitsui Financial Group was up 3.6%, Nomura Holdings 3.6% higher and Mizuho Financial was up 2.8%.

Energy stocks were gaining after crude oil futures rebounded Monday as the U.S. dollar weakened amid rising equities and as Tropical Storm Ida disrupted production in the Gulf of Mexico.

Light sweet crude for December delivery settled $2.00, or 2.6%, higher at $79.43 per barrel on Nymex, and was recently down 35 cents at $79.08 on Globex.

Woodside Petroleum was 2.0% higher in Australia, SK Energy pushed up 1.8% in Seoul and Inpex was 0.5% higher in Tokyo. Chinese oil companies were also up as the country raised gasoline and diesel prices with Petrochina climbing 0.2%.

Metals stocks were enjoying good gains in Asia as the upward march for commodities prices continued in tandem with the U.S. dollar's weak run against the euro.

Rio Tinto was up 2.1%, BHP Billiton was 2.1% higher and Oz Minerals gained 2.1% in Australia. In China, Shanghai-listed Baosteel was up 0.5% while in the Philippines, Philex Mining surged 12.7% and Century Peak Metals added 8.3%.

In Sydney, AXA Asia Pacific was trading 2.1% higher at A$5.82, a day after the firm rejected a combined cash and equity $11.0 billion takeover bid from AXA SA and AMP which valued the firm around A$5.34 per share. Both Citigroup and Merrill Lynch analysts said a revised offer of around A$6 per share was needed to get shareholder support.

"We would be surprised if this is the end of the matter, rather we expect at some stage to see a revised offer which should find greater favor with the independent AXA APH directors," said an analyst at Citigroup.

In Seoul, banks were leading the market higher, with Hana Financial standing out, up 5.0%, partly due to a drop in Korean banks' ratio of non-performing loans.

Samsung Electronics was up 0.7% after the company said it expects no impact on its business from a ruling in the U.S. ordering it to stop selling some of its liquid crystal display devices in the U.S. The U.S. International Trade Commission Monday ruled that Samsung infringed four patents of Sharp Corp. (6753.TO) relating to LCDs and said the Korean company should cease selling devices in the U.S. that infringed the patents.

In foreign exchange markets the U.S. dollar was steady against riskier units after falls Monday.

The euro was buying $1.4982 compared with $1.4990 late in New York Monday and Y134.75 compared with Y134.90. The U.S. dollar was at Y89.92 compared with Y89.99 while the Australian dollar was at US$0.9279.

"The (U.S.) dollar is likely to remain under pressure due to interest rate differentials, momentum, and lack of official concern (about dollar weakness from the G-20 meeting over the weekend)," said Brown Brothers Harriman in a report.

Spot gold was trading higher at $1,102.60 per troy ounce, up $1.20 from the New York close Monday.

The London Mercantile Exchange copper contract was down $32 at $6,570 per ton from the PM kerb.

Lead December Japanese government bond futures were 0.04 point higher at 137.38 but analysts expect the upside to be capped as traders await the 40-year JGB tender results, due later in the day, as well as on oversupply concerns.

"Even if the U.S. Treasury market shows its solidness, JGBs are expected to remain top-heavy," said Deutsche Securities strategist Makoto Yama****a in Tokyo. "In the long run, uncertainty over JGB issuance plans regarding the supplementary budget and next fiscal year's government spending will likely" remain as the main theme for the bond market.

The 10-year cash JGB yield was flat at 1.470% after hitting a nearly 5-month high at 1.485%.


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Contrarian01 1 hour ago+4 Votes (4 Up / 0 Dn) Request sentFitch sends risk appetite packing as it mentions the UK is at risk of losing AAA rating.

Er..Well now I see this news is 2 weeks old..but why did the GBP/USD drop 120 pips in 2 minutes?Reply Link Track Replies Report Abuse mynfurrs 1 hour ago+4 Votes (4 Up / 0 Dn) Request sentEl carry trades, of course.Reply Link Track Replies Report Abuse AmericanPatriot 2 minutes ago0 Votes Request sentThey're just now realizing that all along AAA has meant:

Awful Atrocious Appalling

So, they're be keeping the AAA ratings fully in effect.
Reply Link Track Replies Report Abuse flintooffm 1 hour ago+2 Votes (2 Up / 0 Dn) Request sentRating of USA is also into consideration, being warned for the time beingReply Link Track Replies Report Abuse doubledutch 1 hour ago+4 Votes (4 Up / 0 Dn) Request sentOne of the earliest well-documented financial crashes occurred in Holland in about the year 1637. Many people lost their shirts over, of all things, tulip bulbs.

In 1593 Dutch traders imported the first tulip bulbs from Turkey. The flowers were sought-after and rare, which made them expensive. The tulips grown in Holland developed a benign disease known as mosaic which caused color variations or,flame,on the petals. These flames increased the rarity of Dutch tulips and, as a result, the bulbs became even more prized.

Tulip growers could not keep up with the demand for more and more bulbs. As a result, people began to speculate in a blossoming tulip market. Speculators were not necessarily buying the actual bulbs, but could buy contracts for future delivery of bulbs. This aspect made speculation on a large scale very easy and was one of the first true ?markets? for commodities investing. Further, buyers could margin their tulip purchases thereby leveraging the amount invested into larger and larger profits. By buying on margin, of course, speculators were also taking larger and larger risks.

Prices rose so quickly and to such heights that people were trading their savings and even their homes for bulbs. The Dutch believed there was no limit to the prices that could be realized for tulip bulbs. In a single month period, bulbs increased in value by a factor of 2,000 percent. At one point, a single tulip bulb could be worth more than a person?s entire estate. As people saw their neighbors making as much as $100,000 profit from a $1,000 investment, everyone wanted in on the action.

It was also commonly believed among Dutch investors that bulbs could be sold to foreigners for almost any price. No matter what happened to the price of tulips domestically, the thinking went, there would always be a strong foreign market that could be controlled by the Dutch. This may very well have been the first major example of the greater fool theory: no matter how much I pay, there will always be someone willing to pay more.

There is a story from this period when bulbs were selling for as much as $60,000 each that is supposedly true. A drunken patron at a bar began to peel and eat what he thought was an onion. It turned out to be a tulip bulb the owner had on display. The man was arrested and spent several months in jail for his crime.

As with all things overpriced, a few prudent investors began to sell in order to realize their profits. The early sales began to slowly drive prices down and before long a panic set in. Investors were soon selling regardless of loss in order to not be the last ones holding worthless tulip bulbs. At this point, dealers began to refuse to honor their contracts. The Dutch government attempted to stop the panic by offering to buy contracts for 10% of face value. This action made the panic worse.

It may seem amusing to think of a crash being caused by tulip bulbs. However, the financial loss was so severe that the Netherlands suffered a depression that lasted for years. Even many who were wise enough to stay away from tulip bulb speculating lost their savings.

This time it's the GS copper,crude,China bubble and will also pop.

Reply Link Track Replies Report Abuse mynfurrs 1 hour ago+2 Votes (2 Up / 0 Dn) Request sentDD, you use the Yen as your base currency?Reply Link Track Replies Report Abuse doubledutch 1 hour ago+3 Votes (3 Up / 0 Dn) Request sentYes.Link Report Abuse fishhook 1 hour ago+3 Votes (3 Up / 0 Dn) Request sentAsian stocks mostly higher.............

No..........never heard that before on here!!!Reply Link Track Replies Report Abuse mynfurrs 1 hour ago+2 Votes (2 Up / 0 Dn) Request sentFish, you crack me up.Reply Link Track Replies Report Abuse fishhook 1 hour ago+3 Votes (3 Up / 0 Dn) Request sentlol....................Thanks, myn..........I take my work seriously!Link Report Abuse doubledutch 1 hour ago+3 Votes (3 Up / 0 Dn) Request sentUpdate from wonderland(more to come)The mortgage market contracted in October after buyers were spooked by the first increase in interest rates in 19 months, according to a survey.

Mortgage broker AFG’s monthly Mortgage Index showed that the mortgage market contracted 11.5 per cent.

It said the total volume of mortgages arranged by AFG fell to $2.6 billion in October, from $2.9 billion in September.

AFG said also that the total volume of home loans taken up by first home buyers fell to $357 million in October, from $489 million in September.

‘‘Most people were expecting a fall in first home buyer activity, so the decline, in itself, comes as no surprise,’’ AFG general manager of sales and operations Mark Hewitt said in a statement on Tuesday.

‘‘But the fact that the rate rise cycle kicked in at the same time delivers something of a double-whammy.

‘‘With the second rate rise announced last week, we’re expecting that there will be continued caution on the part of buyers.’’

AFG said the sharp fall in first home buyer activity was expected.

‘‘At their peak in March, when first home buyers were rushing to beat what they believed could be an end of financial year deadline, first home buyers comprised 28 per cent of the total mortgages arranged by AFG a volume of $732 million.

‘‘By October that figure had halved to $357 million.’’

The Reserve Bank of Australia has raised the cash rate to 3.5 per cent after two rate hikes of 25 basis point each in October and November.

The October rate rise was the RBA’s first rate rise in 19 months and took the cash rate off a 49-year low.

On October 1 the Federal Government’ home buyer’s grant was scaled back to $10,500 for existing homes and $14,000 new homes.

The hike stinks and was only good for the(mainly GS) carry...

Reply Link Track Replies Report Abuse mynfurrs 1 hour ago+2 Votes (3 Up / 1 Dn) Request sentI call market bottom!Reply Link Track Replies Report Abuse fishhook 1 hour ago+4 Votes (4 Up / 0 Dn) Request sentAnd the bottom never looked so appealing!Reply Link Track Replies Report Abuse mynfurrs 1 hour ago+2 Votes (2 Up / 0 Dn) Request sentI better crash. Bet me this avatar isn't pulled by morning.

Always was with Integral....Link Report Abuse mynfurrs 1 hour ago+2 Votes (2 Up / 0 Dn) Request sentNite all!

Thanks, DD, figured you were a Yen kinda guy.

Leaving this up for your viewing enjoyment.Reply Link Track Replies Report Abuse zipzippygc 1 hour ago-1 Vote (2 Up / 3 Dn) Request sentTired, poor bears with sore thumbs.

Don't forget, dead wrong for 52 weeks.Reply Link Track Replies Report Abuse doubledutch 22 minutes ago+2 Votes (2 Up / 0 Dn) Request sentYup,52 two weeks of criminal market manipulation,but he who laughs last, laughs loudest.Reply Link Track Replies Report Abuse digi123 16 minutes ago+3 Votes (3 Up / 0 Dn) Request sentBulls exhaust, we can short sell more than you think.

Ready for more bailouts, punks.Reply Link Track Replies Report Abuse digi123 18 minutes ago+1 Vote (1 Up / 0 Dn) Request sentPress the button, PLUNGE.Reply Link Track Replies Report Abuse doubledutch 9 minutes ago+1 Vote (1 Up / 0 Dn) Request sentChinese equities open higher Tuesday, with the benchmark Shanghai Composite Index surpassing the psychologically important 3,200 mark,but is flat on 3.178.Reply Link Track Replies Report Abuse AmericanPatriot 3 minutes ago0 Votes Request sentWhat we now have going on in the equities markets is the BIGGEST DISCONNECT FROM FUNDAMENTAL FINANCIAL REALITIES IN THE HISTORY OF THE EQUITIES MARKETS.
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there is a macd divergence on the eurusd /hourly
what are the major s/r levels for this chart..??
please
 
See, I reckon we have pretty strong resistance at 5250/5275 on the FTSE P&F wise, both 50 and 25 point with 3 and 1 box reversals
 
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