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

[Mr. G]

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

S&P now at break even - trailing at 5 points with a 1 point step

S&P stopped out at 1102 by my trailing stop. Perhaps the stop was too tight....

Also now long VOD and Cisco, opened with limit orders at 139.4 and 23.599 respectively, both Dec. Have moved stop on Cisco to break even this morning.

Still in my FTSE long, 10 pts under be now with a 45 pt trailing stop in 5pt increments

 

[Dentalfloss]

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

TOKYO (MarketWatch) -- Gold miners enjoyed a sizable rally Wednesday, particularly in Australia and China, with prices for the precious metal climbing to a fresh record high and growing speculation that Beijing will boost its gold purchases to offset the U.S. dollar's decline.

"Everything is working in gold's favor," said Cameron Peacock, a market analyst at IG Markets in Melbourne. It's "almost a perfect storm for gold."

Prices for the front-month December gold futures contract climbed as high as $1,208.80 an ounce in electronic trading on Globex -- a new record level. It was at $1,207.40, up $8.30 in early afternoon trading in Asia.

Gold miners outpaced the gains in most of Asia. In Sydney, shares of Lihir Gold Ltd. /quotes/comstock/22x!e:lgl (AU:LGL 3.73, +0.15, +4.19%) /quotes/comstock/11i!lihrf (LIHRF 3.23, -0.15, -4.44%) climbed 3.9%, and Newcrest Mining Ltd. /quotes/comstock/22x!e:ncm (AU:NCM 39.26, +1.86, +4.97%) /quotes/comstock/11i!ncmgf (NCMGF 33.25, -1.20, -3.48%) jumped 4.6%.


What's driving gold higher?Frank Holmes, CEO of U.S. Global Investors, tells MarketWatch's Laura Mandaro that it's possible for gold to top $2,300 an ounce.
In Tokyo, Sumitomo Metal Mining Co. Ltd. /quotes/comstock/!5713 (JP:5713 1,442, +24.00, +1.69%) /quotes/comstock/11i!stmnf (STMNF 16.89, -0.23, -1.32%) gained 1.1%. Similarly, Zijin Mining Group Co. /quotes/comstock/22h!e:2899 (HK:2899 9.00, +0.35, +4.05%) /quotes/comstock/11i!zijmf (ZIJMF 1.14, +0.07, +6.54%) added 3.9% and Sino Gold Mining Ltd. /quotes/comstock/22h!e:1862 (HK:1862 59.50, +4.00, +7.21%) /quotes/comstock/11i!siogf (SIOGF 7.50, +0.40, +5.63%) jumped 8.1% in Hong Kong. In Shanghai, Shandong Gold-Mining Co. Ltd. /quotes/comstock/28c!e:600547 (CN:600547 92.98, +8.04, +9.47%) climbed 4.1%.

"All gold miners were rocking today, up more than the gold price on short covering, I would venture," said Christopher Ecclestone, a mining strategist at Global Hunter Securities.

Benchmark indexes were higher as well in China and Australia, though they were losing modest ground in Japan. The Nikkei 225 fell 0.2% in Tokyo. The Shanghai Composite was up 0.8%, the Hang Seng China Enterprises Index climbed by 1.5%, and the Hang Seng Index added 1.2%. The S&P/ASX 200 was up 1.1% in Sydney, and South Korea's Kospi added 1.5%.

"We're starting to see more central banks and sovereign wealth funds buying out of the dollar and into gold," said Peacock.

 

[Dentalfloss]

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

asia overnight

Asia/Pacific Last Trade Change Related Information
^AORD All Ordinaries (Australia) 4,776.70 5:47am 43.60 (+0.92%) Chart, Components, more...
^BSESN BSE 30 (India) 17,204.50 6:56am 6.23 (+0.04%) Chart, more...
^HSI Hang Seng (Hong Kong) 22,408.78 6:51am 295.63 (+1.34%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,471.90 7:06am 19.40 (+0.79%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,269.79 7:06am 3.08 (+0.24%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,149.45 4:00am 2.85 (+0.09%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 9,608.94 6:00am 36.74 (+0.38%) Chart, more...
^NSEI S&P CNX NIFTY (India) 5,134.05 7:06am 12.05 (+0.24%) Chart, more...
^KS11 Seoul Composite (South Korea) 1,591.63 6:01am 21.91 (+1.40%) Chart, Components, more...
000001.SS Shanghai Composite (China) 3,267.11 6:51am 31.75 (+0.98%) Chart, Components, more...
^STI Strait Times (Singapore) 2,793.27 7:06am 22.32 (+0.81%) Chart, Components, more...

 

[Mr. G]

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

S&P stopped out at 1102 by my trailing stop. Perhaps the stop was too tight....

Also now long VOD and Cisco, opened with limit orders at 139.4 and 23.599 respectively, both Dec. Have moved stop on Cisco to break even this morning.

Still in my FTSE long, 10 pts under be now with a 45 pt trailing stop in 5pt increments

VOD and FTSE now in the money with trailing stops.

Am I here on my own? I'll get my coat....

 

[sujithsstorock]

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

dec2
sell dow jones at 10465 sl 10499 tgt 10420-10390
buy ftse100 at 5255 sl 5215 tgt 5293-5347
sell dax at 5800 sl 5830 tgt 5740-5712

 

[tonyfonda]

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

dec2
sell dow jones at 10465 sl 10499 tgt 10420-10390
buy ftse100 at 5255 sl 5215 tgt 5293-5347
sell dax at 5800 sl 5830 tgt 5740-5712

Are these live calls on the FTSE daily cash index or Dec09 futures?

 

[kaciara]

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

good still on

exit long...

 

[Dentalfloss]

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

Asia/Pacific Last Trade Change Related Information
^AORD All Ordinaries (Australia) 4,789.30 5:47am 12.60 (+0.26%) Chart, Components, more...
^BSESN BSE 30 (India) 17,290.06 7:03am 120.15 (+0.70%) Chart, more...
^HSI Hang Seng (Hong Kong) 22,518.25 6:58am 228.68 (+1.03%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,493.57 7:13am 22.00 (+0.89%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,271.31 7:12am 0.16 (+0.01%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,153.93 4:31am 4.48 (+0.14%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 9,977.67 6:00am 368.73 (+3.84%) Chart, more...
^NSEI S&P CNX NIFTY (India) 5,157.85 7:13am 34.60 (+0.68%) Chart, Components, more...
^KS11 Seoul Composite (South Korea) 1,615.00 6:02am 23.37 (+1.47%) Chart, Components, more...
000001.SS Shanghai Composite (China) 3,262.27 6:58am -7.48 (-0.23%) Chart, Components, more...
^STI Strait Times (Singapore) 2,801.00 7:12am 4.66 (+0.17%) Chart, Components, more...

 

[Dentalfloss]

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

Dec. 3 (Bloomberg) -- Shares of Japanese exporters soared, driving Asian stocks toward the biggest weekly gain since May, after the yen slid for the third day against the dollar and euro, and consumer spending lifted most regional economies in the U.S.

The yen weakened against all 16 of its major counterparts and traded as low as 87.92 against the dollar today, the lowest since Nov. 25. The MSCI Asia Pacific Index rose 1.6 percent to 121.78 as of 3:45 p.m. in Tokyo, where Japan’s Nikkei 225 Stock Average jumped 3.3 percent to 9,950, the most since May 7.

The Federal Reserve yesterday said the world’s largest economy improved “modestly” across the U.S. from October to mid-November as consumer spending increased. The Fed said eight regions “indicated some pickup in activity or improvement in conditions,” in its Beige Book report.

“We’re positive on Asia as the U.S.’s improving economy bodes well for Asian exporters,” said Khiem Do, Hong Kong-based head of multi-asset strategy at Baring Asset Management (Asia) Ltd. in Hong Kong, which oversees $10 billion.

“The U.S. recovery might be more subdued than elsewhere, but it’s still a recovery,” said Prasad Patkar, who helps manage $1.7 billion at Platypus Asset Management in Sydney. ”As long as there are no systemic shocks, there is no underlying, fundamental reason for things to start going backwards.”

The yen’s decline against the dollar helps boost the value of overseas earnings at Japanese companies when converted into their home currency.

Automakers, Electronics

Toyota Motor Corp., the world’s largest automaker, rose 5.6 percent in Tokyo. Sony Corp., which gets almost 25 percent of its sales from the U.S., climbed 6 percent. Honda Motor Co., which derives almost 60 percent of its sales abroad, gained 4.19 percent. Sharp Corp. increased 4.98 percent as the stock was lifted to “neutral” from “sell” at UBS AG.

The yen climbed to a 14-year high against the dollar last week and has averaged 93.89 this year, the strongest since currencies began trading freely in 1971. That has weighed on the Topix, making its 2.7 percent gain in 2009 the lowest return among the world’s 40 largest stock markets.

The euro climbed against 10 of its 16 most-traded counter parts amid speculation the European Central Bank will unveil plans to scale back emergency lending while keeping borrowing costs low at today’s meeting in Frankfurt.

ECB President Jean-Claude Trichet will today say the bank’s third offer of 12-month loans to banks on Dec. 15 will be the last and may signal a reduction in other lending operations. The bank will also leave the benchmark interest rate at 1 percent, according to all 54 economists in a Bloomberg News survey.

ECB May Take Lead

“There is a strong belief the ECB will lead the exit of credit-easing among the developed countries,” said Kazumasa Yamaoka, senior currency analyst in Tokyo at GCI Capital Co., a foreign-exchange margin service company. “This perception will support the euro against the dollar and the yen.”

 

[Dentalfloss]

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

Market news & views
· The FTSE is seen up around 11 points higher today
· The FT writes that UK banks are seen having around a £3bn exposure to Dubai with RBS seen as the most
exposed
· The likes of Rightmove stay in the news as Google is seen launching its own UK property portal as early as
next year, which allows property listings to be posted for free, also potentially affecting local newspaper
revenue streams
· Go-Ahead Group states that it is to sell the majority of its aviation and group handling and cargo operations
· Stanelco announces that it has noted its recent share price falls and states that it knows of no reason for the
fall and stays confident on its full year outlook
Time Country Indicator Median Previous figure
09:00
09:30
10:00
10:00
12:45
13:30
15:00
Eurozone
UK
Eurozone
Eurozone
Eurozone
US
US
November services PMI
November services PMI
Q3 GDP r
October retail sales
December ECB rate announcement
Weekly jobless claims
November non manufacturing ISM
53.2
57.0
0.4%
0.2%
1.0%
480k
55.5
52.6
56.9
-0.2%
-0.7%
1.0%
466k
45.2

 

[Mr. G]

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

VOD and FTSE now in the money with trailing stops.

Am I here on my own? I'll get my coat....

FTSE stop now at 5349 (opened at 5272). Trailing this at 15 points.
VOD stop at 141.39 (opened at 139.4)

Opened two new FTSE positions at 5347 earlier this morning - one with stop at 45 points trailing, the other with 22 points trailing

Cisco stop at b/e

 

[Mr. G]

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

FTSE stop now at 5349 (opened at 5272). Trailing this at 15 points.
VOD stop at 141.39 (opened at 139.4)

Opened two new FTSE positions at 5347 earlier this morning - one with stop at 45 points trailing, the other with 22 points trailing

Cisco stop at b/e

Stopped out of first FTSE position at 5349. Hate it when the b*ggers spike you out of a trade 'cos they think you've made enough.....

 

[Dentalfloss]

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

mr g ..what signals are you taking..??

 

[Mr. G]

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

mr g ..what signals are you taking..??

I'm working in a daily t/f and using Rivalland swing method.

And a bit of P&F in the case of Vodafone

 

[Da.DesiTrader]

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

I am short on FTSE.

 

[Mr. G]

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

I am short on FTSE.

DDT - on what basis?

 

[madoff]

Ascending wedge on FTSE?

.

 

[Da.DesiTrader]

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

madoff just showed the reason. Good risk reward with my stop about 20 points above 5400.

 

[Da.DesiTrader]

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

Timberrrrrrrrr (not really) but yeah. Pattern broke slightly.

 

[Dentalfloss]

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

a minor breakdown on udn...forming
dollar getting stronger /stocks down
1 min data plot