- This topic has 96 replies, 6 voices, and was last updated 8 years, 9 months ago by
.
-
Posts
-
Welcome to the merry month of May 😉
Never give up, never surrender.
Bradley has three main dates in 2014, one each
in January, July and November.It would not be too much of a surprise if we
see ‘sell in May’ take hold and July a low
with a rise into a November high.Just a thought really as day trading is my
game and therefore my focus.Never give up, never surrender.
Ukraine continues to be mired in potential small scale war
but even if this is avoided there will be damage to both
Russia and Euroland economies.I will monitor the Dax as Germany being the biggest, is
bound to be hurt the most in euroland, imho.The elections are on the 25th always assuming that it
is possible to hold them. It would seem there is not
a result which would patchup whats been broken.Never give up, never surrender.
NFP beats expectations.
Good for the greenback as QE taper will continue and
market expects interest rate rise by June 2015.As stocks have been fueled by QE this NFP data maybe
a negative going forward.Never give up, never surrender.
Dax has an outside daily candle, although this is
slightly questionable with the May day holiday.If the US stocks did this it would be of greater
interest because they traded on 1st May.Never give up, never surrender.
Ftse hit 6800 so I am short, still waiting to see
if we get Cable 1.70 and Euro 1.40 to short as
per my plan.Never give up, never surrender.
All this QE / low interest rates have caused some
rather strange situations which will have to be
undone at some cost.I can’t see any route for the Euro but down as
we readjust from QE to something more normal.I would like a test of 1.40 for a short but
its unclear how far we go above 1.39Never give up, never surrender.
Hard to say exactly Cim, but I feel there maybe 1 more leg up left.
We are close to a multi month correction imo or atleast another 70-130 point fall, but the possibility of another one last thrust up seems plausible.
A test of the 200 DMA on SPX is whisltling imo
Plan your trade, trade your plan!
Thanks ‘K’
Small short Cable 1.6950 which like the Ftse short 6800
will be held through any upward move as I think 100’s
of pips / pts profit are possible later this year.Never give up, never surrender.
I am so tempted to just cancel all 10 point limits on my shorts here.
Infact I have.
It looks like all the asc wedges are failing.
As always it could whipsaw back into them, break the tops falsely and then totally tank. (thats the alternative)
Either way its terminal and either down from here or down from a rally back up.
Target is bottom of wedge (sub 1820 SPX)
The above is for you Cimac and any others who still are on this side but just let Cimac do all the talking
Plan your trade, trade your plan!
🙂 🙂 🙂
Well I think the bulls have to turn up today ( wednesday )
else risk something of a slide into this weekend.Never give up, never surrender.
Well the bulls made a save yesterday and now we wait
for BoE & EcB today.Still just the two small short entries ( Ftse & Cable ) for
me as it keeps me on the right side of risk / reward.Fishing can be quiet sometimes but not forever 😉
Never give up, never surrender.
Moving from near zero interest rates to the rate
hikes expected next year will be a lot of pain.
You only have to look at households who have
a variable rate loan.For stock markets it is also the QE tap being
turned off.A tricky transition ahead for sure.
Never give up, never surrender.
Euro rejects 1.4 but you knew that 😉
Now the ECB does not like a high euro or low inflation
but they made both those problems themselves.I wonder if investors may just think there is no way
to get out of this QE mess without sharp movements
in most world markets and or assets.Never give up, never surrender.
- You must be logged in to reply to this topic.