November 2014

[cimac]

The month of mists and the gunpowder plot begins.

Never give up, never surrender.

[cimac]

I have the first half of November as bearish and the second half as bullish.

Due to monday being the first trading day of the month and tuesday the
mid term US elections, it is really only afterwards that my data shows
a higher risk of market falls.

I am short the Ftse and would be quick to move stops to lock in any
profits as it’s not possible for me to know how low or even how
high we go this month. Caution needed for both bulls and bears.

Never give up, never surrender.

[cimac]

I posted about a potential megaphone top in US markets and
this rally has increased the odds for this scenario.

Never give up, never surrender.

[cimac]

There has been talk of share buy backs by companies who
had cash but no idea what to do with it. Well this is a way
to boost share prices as the buying and then the
cancellation of shares boosts value.

Yes the number of shares goes down but so does the
cash pile. So per share you have a larger slice of
something smaller.

Hmmm … well to me this sounds like the next move
for these companies is down as the business model
is about to stagnate through poor directors and
reduced cash( a companies life blood ).

Never give up, never surrender.

[MAURITIUS]

http://www.hiddensecretsofmoney.com/blog/massive-market-divergence-mike-maloney

spoos sub 600…

actually reckon that’s what happens….

 

 

[cimac]

If your a bear then you can take a very small short position
which would still be worth good money on those size of
falls, whilst you do your normal day trading 😉

Could also throw in a very small gold or silver long.

Remember you have to plan you margin incase this
pile of do-do maybe hangs up well into 2015.

Never give up, never surrender.

[cimac]

BBC reports suggest that many of the 58 nuke plants in France
have been flown over by unknown drones last month.

This could give some evil doers an idea and hence sounds
like a very serious accident waiting to happen, imho.

Never give up, never surrender.

[cimac]

Ftse has been a nice play with a gap down, close gap
and then down some more.

With US clocks having changed we should know if the
markets over the pond will do the same in the first
30mins after the 14:30 open.

Never give up, never surrender.

[cimac]

I have taken my Ftse short profits because I am not sure
about tuesday / US mid term elections. At the risk of
missing a decent drop I will aim to be back in if it
looks right to do so on wednesday, fwiw.

Never give up, never surrender.

[MAURITIUS]

Bought more silver today….

[cimac]

I must admit I am tempted but will wait and see if after
a pullback we get another push higher for stocks and a
drop below 15 for silver.

Should be an up day for the Ftse after we shuffle the
deck early doors.

Never give up, never surrender.

[cimac]

Small short on Ftse at 6502 just to cover any surprise drop.

I think it would be possible, maybe not desireable to ride this
through the upwards storm and then cash it in when we take
the big drop, which may wait for a higher high in 2015.

I have the margin to do this but that does depend on my most
bullish outcome of 7000-7200 not being exceeded by too much.

Just one of many scenarios I could play.

Never give up, never surrender.

[cimac]

Ftse’s time in +ve was limited and so far the US is also
finding it hard to tempt buyers. I would have liked a
push higher to get a better short entry but we may
yet see a rallyette for no particular reason 🙂

Never give up, never surrender.

[cimac]

Cashed in my Ftse short and will not trade again
until we get the US mid term election reaction.

So I get the evening off.

Never give up, never surrender.

[gekko]

dan larry is in agreement with u

[Author]

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