- This topic has 25 replies, 4 voices, and was last updated 10 years, 6 months ago by
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Looking at daily chart and the 100 pt move up in recent sessions.
I would just love to see it engulfed in a couple of serious red days lol – like the Jan 24th candle.
Is that just a dream? lol
Right its 6.30 .. it was a high for a bit last night… see if that happens again…just made a new day high at 1833.50.
Right…maybe go and watch Marc Faber to cheer myself up… 🙂
so great news on USmanufacturers ….NOT!
The 0.8 percent decrease at manufacturers followed a revised 0.3 percent gain the prior month that was weaker than initially reported, figures from the Federal Reserve showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 0.1 percent advance. Total industrial production dropped 0.3 percent even as utility output climbed the most in almost a year.
AND Yellen Mustardess says economic growth has strengthened. Won’t be sending her a Valentines Card!
Equities rallied for a second straight week, with the S&P 500 gaining 2.2 percent over the five days, as Fed Chair Janet Yellen said economic growth has strengthened and there is “broad improvement” in the labor market. She repeated the Fed’s outlook for further stimulus reductions in “measured steps,” adding that only a “notable change in the outlook” for the economy would prompt policy makers to slow the pace.
As much as I love the short side, I have had to hedge half my shorts now. So I have 6 shorts to 3 longs. If it makes new highs which could even happen tonight the way its going I make some profits.
If it tanks I am still in the game, but with less profits accruing.
If I did nothing and it zooms up it could margin me out.
I want to keep playing lol
Longing this is difficult as max is 1pt pullback or even 0.5. Still two are in profit now lol.
Dan.
Wow Dan, I suppose the crooks backed you into a corner. No choice then really.
Friday up may mean crooksday up, so it may be wise.
Then again they may find out that Bin Laden is alive and well again
Plan your trade, trade your plan!
wowee high was 1838.75 (bang on the gap above at 1839)
No gaps above now.
MS is a donkey on the edge as it stands.
Plan your trade, trade your plan!
Well two systems said trending so it could have trended to +25 or something.
Safety first.
Was thinking about $vold and playing that better. I should have nibbled long when it triggered, rather than longing 100 later lol. Kept it against shorts that were scaled in later. There again staying long overnight is ruddy hard work for me…goes against my inner pysche.
Can you confirm donkey as I may take a short..lol… I’ll have more positions than the kama sutra soon…lol
Chinese banks bad loans reach highest level since 2008 crisis…
I suppose thats what caused the trip to 1815 overnight last night…? Still, there is an increasing amount of hazards in the market. I do think the next crisis will be linked to China. Even if its not their fault the yanks will blame them.
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