SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
P
postman
80 points up and 50 points down on Dax and its only 10:10 ...
P
postman
Shaken out at 97...
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
VOD +5% and ftse still down 40pts
this index in severe weakness.
this index in severe weakness.
P
postman
Gold going up again.
Jessi_trader
Veteren member
- Messages
- 4,110
- Likes
- 172
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
Dom today
Headed higher
DAX 30
FTSE 100
S&P 500
BRITISH POUND/US DOLLAR
EURO/US DOLLAR
GOLD
Judging by the state of the charts, I’d say the rally in equities that began in early February was still only in its middle stages. Daily momentum readings have not yet reached stretched levels, which leaves plenty of room for the upside to continue. In an odd reversal of fortunes, the FTSE still has a better looking technical set-up for now than either the DAX or the S&P. The real star of the show, though, is gold. I fancy the yellow metal’s run upwards to keep going, despite my bigger-picture concerns surrounding the withdrawal of Quantitative Easing in the US.
The DAX is pushing up against the top of its recent range once more. My call remains that breakout is likely coming. The highs at 9794 are my target.
DAY: Stay long or buy a further bounce off the rising 55-hourly EMA.
POSITION: Stay long or buy a further bounce off the rising 55-hourly EMA.
FTSE 100
The FTSE’s latest pullback is yet another mild affair. This says to me the larger uptrend is still in force. The index has already made it to my target at 6822, and I am now eyeing up a move to 6875.
DAY: I’d buy another bounce from here.
POSITION: Stay long or buy a further bounce from here.
S&P 500
The S&P is essentially going sideways right now. This is consolidation ahead of a break to and through 1851, as I see it. That it has not pulled back harder ahead of this key level is bullish, as far as I am concerned.
DAY: I’d buy a rally from the 55-tenminute EMA
POSITION: I’d stay long or I’d buy a rally from the 55-tenminute EMA
BRITISH POUND/US DOLLAR
GBPUSD’s ongoing slide has taken it to its 55-fourhourly, the key line I use for defining the intraday trend. While the decline has been longlasting, it has been a fairly gentle affair. I therefore expect gains back to the highs at $1.6823, and then more.
DAY: I’m happy buying a rally from here.
POSITION: Nothing for now.
EURO/US DOLLAR
Friday: “That said, I still see the current period of sideways action giving way to a burst up towards $1.3751 and beyond.” The move I forecast is coming to pass, and there is plenty of room for further upside here, going by the unstretched state of the fourhourly chart.
DAY: Stay long or buy bounces off the rising 21-hourly EMA.
POSITION: Nothing for now.
GOLD
Friday: “I am looking for $1329.22.” The yellow metal has surged to and through my target in some style. With the fourhourly RSI not even in overbought territory, there is scope for this upside to continue.
DAY: Stay long or buy another rally off the 21-hourly EMA.
POSITION: None.
Headed higher
DAX 30
FTSE 100
S&P 500
BRITISH POUND/US DOLLAR
EURO/US DOLLAR
GOLD
Judging by the state of the charts, I’d say the rally in equities that began in early February was still only in its middle stages. Daily momentum readings have not yet reached stretched levels, which leaves plenty of room for the upside to continue. In an odd reversal of fortunes, the FTSE still has a better looking technical set-up for now than either the DAX or the S&P. The real star of the show, though, is gold. I fancy the yellow metal’s run upwards to keep going, despite my bigger-picture concerns surrounding the withdrawal of Quantitative Easing in the US.
The DAX is pushing up against the top of its recent range once more. My call remains that breakout is likely coming. The highs at 9794 are my target.
DAY: Stay long or buy a further bounce off the rising 55-hourly EMA.
POSITION: Stay long or buy a further bounce off the rising 55-hourly EMA.
FTSE 100
The FTSE’s latest pullback is yet another mild affair. This says to me the larger uptrend is still in force. The index has already made it to my target at 6822, and I am now eyeing up a move to 6875.
DAY: I’d buy another bounce from here.
POSITION: Stay long or buy a further bounce from here.
S&P 500
The S&P is essentially going sideways right now. This is consolidation ahead of a break to and through 1851, as I see it. That it has not pulled back harder ahead of this key level is bullish, as far as I am concerned.
DAY: I’d buy a rally from the 55-tenminute EMA
POSITION: I’d stay long or I’d buy a rally from the 55-tenminute EMA
BRITISH POUND/US DOLLAR
GBPUSD’s ongoing slide has taken it to its 55-fourhourly, the key line I use for defining the intraday trend. While the decline has been longlasting, it has been a fairly gentle affair. I therefore expect gains back to the highs at $1.6823, and then more.
DAY: I’m happy buying a rally from here.
POSITION: Nothing for now.
EURO/US DOLLAR
Friday: “That said, I still see the current period of sideways action giving way to a burst up towards $1.3751 and beyond.” The move I forecast is coming to pass, and there is plenty of room for further upside here, going by the unstretched state of the fourhourly chart.
DAY: Stay long or buy bounces off the rising 21-hourly EMA.
POSITION: Nothing for now.
GOLD
Friday: “I am looking for $1329.22.” The yellow metal has surged to and through my target in some style. With the fourhourly RSI not even in overbought territory, there is scope for this upside to continue.
DAY: Stay long or buy another rally off the 21-hourly EMA.
POSITION: None.
Last edited:
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
@DominicPicarda Feb 20
#FTSE 100's intrinsic valuation is clse to 7740, according to ShareMaestro model. I am staying bullish.
7740 !
P
postman
Just goes to show you have to do your own research...
2 'facts' from the same article.
"In Asia, 10 out of 11 markets closed higher..."
"In Asia, 7 of 11 markets closed lower..."
http://mrtopstep.com/sp-uncertain-stops-short-new-highs-heres-trade/
2 'facts' from the same article.
"In Asia, 10 out of 11 markets closed higher..."
"In Asia, 7 of 11 markets closed lower..."
http://mrtopstep.com/sp-uncertain-stops-short-new-highs-heres-trade/
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
me too!
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
what do you reckon the dow Postman
P
postman
Having big problems posting - no gap trade today Dog goes hungry.
I say markets on hold for a few days then up.
I say markets on hold for a few days then up.
P
postman
Having big problems posting - no gap trade today Dog goes hungry.
I say markets on hold for a few days then up.
I say markets on hold for a few days then up.
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
me posting issue too .. takes ages .. with you on the view
P
postman
This is NOT a good rally.
P
postman
S&P 1850 cash. Now a fall.
SuddenDeath
Legendary member
- Messages
- 14,063
- Likes
- 143
march 1835 worked well, now 1848
Dow 16,120 buy pivot today.
Dow 16,120 buy pivot today.
Last edited:
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
short dax 67
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
problems posting ... see you tomorrow
