Anyone scalping the FTSE Futures??

[Jessi_trader]

Stoped out DOW

 

[postman]

Now that financial pundits are claiming the current stock market rally is good to go until 2016, it’s appropriate to see where the market will be in 2016 if current trends hold.

Let’s start with the well-known correlation between the Federal Reserve’s balance sheet and the stock market: stocks rise when the Fed is adding assets and tank when the Fed pauses. (Chart courtesy of STA Wealth Management)

http://wallstreetexaminer.com/2013/...d-stock-rally-sustainable-charles-hugh-smith/

"Dow 40,000, SPX 4,000: Is this Fed-Fueled Stock Rally Sustainable? Charles Hugh Smith"

Hell yeah!
Buy the dip. :clap:

 

[Maddog79er]

Long DOW 15900

 

[SuddenDeath]

15,990 was pivot sell with target at 15,897

pivot target hit last 15,896

this is minimum target not a reversal point

 

[Jessi_trader]

I think DOW is going to 15860

 

[postman]

Mr T predicting the end of the world.
http://mrtopstep.com/2013/12/es_f-dangerous-territory/

 

[Jessi_trader]

FTSE nearly in coffin @ 6520

 

[SuddenDeath]

assuming dow minor supp is gone 966, next level is 877, approx 6530 ftse

posted at 11:03 this morning

almost at 877, within 5pts

 

[Jessi_trader]

SHORT DOW
---------------------------
Detroit eligible for bankruptcy protection: Judge

http://www.cnbc.com/id/101242616

 

[Jessi_trader]

Short DOw 15905

 

[Maddog79er]

SHORT DOW
---------------------------
Detroit eligible for bankruptcy protection: Judge

http://www.cnbc.com/id/101242616

JT - this news broke over an hour ago and there wasn't a reaction in the markets. In fact they've gone up a bit.

What was your reasoning for shorting the DOW on this news?

 

[Jessi_trader]

JT - this news broke over an hour ago and there wasn't a reaction in the markets. In fact they've gone up a bit.

What was your reasoning for shorting the DOW on this news?

Well, it was more kind of sentimental and gut. Dow was near resistance, only place to go short or long... market is bearish going long is no good.

That news will definitely have some impact and make VIX spike...

 

[Jessi_trader]

In the current mood, this news can make people nervous and send stock indices in grave

 

[Jessi_trader]

Stocks spiraled lower to near session lows, with the Dow seeing a triple-digit decline, following the decision. - CNBC

 

[postman]

Stocks spiraled lower to near session lows, with the Dow seeing a triple-digit decline, following the decision. - CNBC

You REALLY dont want to be basing trading decisions on CNBC news bulletins.

 

[Jessi_trader]

You REALLY dont want to be basing trading decisions on CNBC news bulletins.

I completely Agree, you can be Chopped off...


On the other side FTSE is reluctant to go below 6514, it seem she is saving 14 points for tomorrow, just in case. She has not got much point left...

 

[postman]

 

[Jessi_trader]

Short DOw 15905

closed @ 15867 thats 38 points.

 

[postman]

closed @ 15867 thats 38 points.

 

[postman]

Those nice people at ig are telling us its time to sell the Dow.
http://www.ig.com/uk/technical-analysis/2013/12/03/dow-looks-set-for-correction-12663
14,827 is "not an unusual event"
a fall of 16.66% would not surprise either ... 13,480
Arent they kind people with their free advice.
Wait a minute - they lose money if we make a profit! Hmmmm.