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

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Do you guys think its going to be a down day today?
Some say the rally in dow might run till 10600 before we see some resistance.
That is possible .. thats where the real resistance kicks in- sometimes the market gets a little "frothy" and I'm not sure holding equities because the USD is weaker is a good strategy- I'll sit on the side and wait for another sell signal!
 
What was this sudden drop in FTSE for? it was long after the negative news though.

I think there may have been some confusion when Fed's Bullard said rates not going up til 2012.. then there was talk that his comments were misinterpreted and there was no mention of rates on hold until 2012 .. only reason i can see for the spike up then dip... or it could be moving with the USD .. not really sure about much today but am short S&P now.
 
Dow recovered very well. Looks like death of dollar is pushing everything up.
Not sure for how long this bubble will remain.
 
SINGAPORE (MarketWatch) -- Asian stock markets were mixed in quiet trade Thursday with no strong lead from the U.S. to help affirm a clear direction. In Malaysia, lead mobile operator Maxis rose on debut after Southeast Asia's biggest ever initial public offering of $3.3 billion.

Markets were consolidating without a clear offshore lead, said Shaw Stockbroking senior dealer Jamie Spiteri in Sydney. He added that there was no sign of a catalyst to drive the markets; "We have opened solidly but there is not a lot of conviction out there."

"It looks as though the market is going to consolidate for a little bit until we start to get some firmer positive direction out of the U.S." said Wilson HTM client advisor Joseph Pagliaro.

Japan's Nikkei 225 was down 1.0% with Australia's S&P/ASX 200 flat and South Korea's Kospi Composite up 1.0%. Hong Kong's Hang Seng Index lost 0.6% while the Shanghai Composite was down 0.4% and Taiwan's main index up 0.1%. Dow Jones Industrial Average futures were 14 points lower in screen trade.

Japanese investors were fretting about a recent spate of capital raisings in a weak market, said Shinichiro Matsu****a, market analyst at Daiwa Securities.

Mitsubishi UFJ Financial Group was down 3.3%. It announced after Wednesday's market close that it planned to bolster its capital base by issuing Y1 trillion in new shares but the impact was limited as the plans were widely expected.

Japanese technology stocks were weighed by the Nasdaq's weakness Wednesday with Olympus down 0.9% and Kyocera down 2.0%.

In Australia, gold stocks rose after the precious metal hit another record high
 
Asia/Pacific Last Trade Change Related Information
^AORD All Ordinaries (Australia) 4,767.80 5:47am 8.20 (+0.17%) Chart, Components, more...
^BSESN BSE 30 (India) 16,912.58 6:52am -86.20 (-0.51%) Chart, more...
^HSI Hang Seng (Hong Kong) 22,742.02 6:47am -98.31 (-0.43%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,484.20 7:02am -0.03 (-0.00%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,176.90 27 Aug 4.34 (+0.37%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,141.18 4:31am 12.77 (+0.41%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 9,549.47 6:00am -127.33 (-1.32%) Chart, more...
^NSEI S&P CNX NIFTY (India) 5,029.25 7:02am -25.45 (-0.50%) Chart, more...
^KS11 Seoul Composite (South Korea) 1,620.54 6:02am 16.57 (+1.03%) Chart, Components, more...
000001.SS Shanghai Composite (China) 3,317.69 6:47am 14.45 (+0.44%) Chart, Components, more...
^STI Strait Times (Singapore) 2,782.23 6:47am 37.19 (+1.35%) Chart, Components, more...
 
spx500

spx500 is highly positive and trading in a uptrend channel. looking for 1120 or more !! major support is 1040. This level should hold for bull to hit more upside
 
spx500 is highly positive and trading in a uptrend channel. looking for 1120 or more !! major support is 1040. This level should hold for bull to hit more upside

Hi Sujith,

I thought 1090, 1060 & then 1040 as the next support levels with 1133 being the next resistance.
But I know little about trading .. so will keep exploring.
Thanks.
 
Sujith is correct ..............

keep an eye on support at 1100 level today

we have a gap at 1100-1094
 

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udn..dollar index bear etf
update to the chart i posted a couple of days ago.we got the first warning sign of a bearish signal /purple line.this was the only othere bearish signal so far for november.a break to 28.34 will give us a vertical count/target.whichis in 27.9 area.28.34 makes this chart more bearish

1 min close data


30rtw90.png
 
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