hereward the wake
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Buy the dips! Dax for me at 9394
hereward the wake
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Yes it's all about the Ruskies
SuddenDeath
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Putin will run rings around Obama,
ftse crosses above 6720
postie is going to be busy this week, might have been sent on a sas mission to Ukraine !
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hereward the wake
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Dax IG punters 50/50 so no clue there, maybe a slow grind back up?
hereward the wake
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long dax 55 tight stop
SuddenDeath
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6720 would work as a level to be long above doing ok so far.
SuddenDeath
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6720 represented the ftse equivalent of the lowest level the dow could reach, sort of seller exhaustion.
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hereward the wake
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SuddenDeath
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ftse nice bounce
hereward the wake
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Dom today
From The Trader
Daily market outlook
03 March 2014
The tension surrounding Ukraine is taking its toll on equities. The DAX has already been hit especially hard, while the FTSE and S&P are also under pressure this morning. I have no particular insight into how long the crisis will take to pass. My gut-feeling, though, is that a positive outcome will be seen, and that the indices will resume their upwards march once this happens. In the meantime, I would definitely close any long positions that have not already been knocked out. The most promising trend for now remains that in gold, which is moving towards my next target thanks to the standoff with Russia.
Click here for a PDF version, also containing support and resistance levels.
Today's Market Focus
Take cover for now
The DAX was well on its way back to my target at 9734.8 halfway through Friday. Its sudden collapse has caused a negative crossover of the 21- and 55-fourhourly EMAs, which turns me neutral for now. If more of a downtrend is established, I’ll have to start shorting. Once this shakeout is over, I foresee new all-time highs.
DAY: Exit any remaining longs.
POSITION: Exit any remaining longs.
The FTSE has also breached its recent lows and could follow the DAX in giving a sell signal today. My instinct would be not to hang around in these conditions. While my big-picture bull-case remains intact, there is scope for downside near-term, perhaps into the 6660 zone to start with.
DAY: Exit any remaining longs.
POSITION: Exit any remaining longs.
S&P has made it most of the way to my target at 1873. The subsequent sell-off has taken it back to its 55-fourhourly, where two of its recent rallies began. I wouldn’t count on it bouncing from here again necessarily, though. After this correction, I am looking for new highs towards 1900.DAY: Exit any remaining longs for now.POSITION: Exit any remaining longs for now
Friday: “My call remains for a return back to the highs at $1.6823.” GBPUSD has made erratic progress towards my target following that call, and I reckon there is likely more to come here. I restate my target from Friday.
DAY: Stay long or buy bounces off the 13-fourhourly EMA.
POSITION: Nothing for now.
EURO/US DOLLARIG I didn’t see EURUSD’s Friday thrust higher coming, although some of the ground has now been given up amidst the turmoil over Ukraine. Normally, my instinct would be to buy the sort of bounce we are presently seeing, but on this occasion I am a bit more wary. DAY: Stay neutral for now.POSITION: Nothing for now.GOLDIG Index chart
Friday: “…so I would expect it to head to fresh highs above $1352 before too long.” Gold loves a crisis, and its price is blasting towards my objective as the standoff over Ukraine intensifies. I fancy a move to $1361 before long.
DAY: Stay long or buy bounces off the rising 21-TENMINUTE EMA.
POSITION: None.
From The Trader
Daily market outlook
03 March 2014
The tension surrounding Ukraine is taking its toll on equities. The DAX has already been hit especially hard, while the FTSE and S&P are also under pressure this morning. I have no particular insight into how long the crisis will take to pass. My gut-feeling, though, is that a positive outcome will be seen, and that the indices will resume their upwards march once this happens. In the meantime, I would definitely close any long positions that have not already been knocked out. The most promising trend for now remains that in gold, which is moving towards my next target thanks to the standoff with Russia.
Click here for a PDF version, also containing support and resistance levels.
Today's Market Focus
Take cover for now
The DAX was well on its way back to my target at 9734.8 halfway through Friday. Its sudden collapse has caused a negative crossover of the 21- and 55-fourhourly EMAs, which turns me neutral for now. If more of a downtrend is established, I’ll have to start shorting. Once this shakeout is over, I foresee new all-time highs.
DAY: Exit any remaining longs.
POSITION: Exit any remaining longs.
The FTSE has also breached its recent lows and could follow the DAX in giving a sell signal today. My instinct would be not to hang around in these conditions. While my big-picture bull-case remains intact, there is scope for downside near-term, perhaps into the 6660 zone to start with.
DAY: Exit any remaining longs.
POSITION: Exit any remaining longs.
S&P has made it most of the way to my target at 1873. The subsequent sell-off has taken it back to its 55-fourhourly, where two of its recent rallies began. I wouldn’t count on it bouncing from here again necessarily, though. After this correction, I am looking for new highs towards 1900.DAY: Exit any remaining longs for now.POSITION: Exit any remaining longs for now
Friday: “My call remains for a return back to the highs at $1.6823.” GBPUSD has made erratic progress towards my target following that call, and I reckon there is likely more to come here. I restate my target from Friday.
DAY: Stay long or buy bounces off the 13-fourhourly EMA.
POSITION: Nothing for now.
EURO/US DOLLARIG I didn’t see EURUSD’s Friday thrust higher coming, although some of the ground has now been given up amidst the turmoil over Ukraine. Normally, my instinct would be to buy the sort of bounce we are presently seeing, but on this occasion I am a bit more wary. DAY: Stay neutral for now.POSITION: Nothing for now.GOLDIG Index chart
Friday: “…so I would expect it to head to fresh highs above $1352 before too long.” Gold loves a crisis, and its price is blasting towards my objective as the standoff over Ukraine intensifies. I fancy a move to $1361 before long.
DAY: Stay long or buy bounces off the rising 21-TENMINUTE EMA.
POSITION: None.
hereward the wake
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SuddenDeath
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closed 92
excellent htw
hereward the wake
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dax day low gone
SuddenDeath
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htw. its all newsflow.
someone trips over in Ukraine and indices tank 1%
dow is in bad shape also
SuddenDeath
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CNBC establishments shills, roll out buffett , trying to re-assure investors
hereward the wake
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not a day for bottom picking
hereward the wake
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I have a little long here
SuddenDeath
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Dick Lexic
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ftse havin a beelzebounce
Dick Lexic
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a good january reversal form sp500 and ftse but old putitin seems to have screwed the dow reversal for now
