P
postman
Stop at 6147
Stop at 6147
psaTrading
Experienced member
- Messages
- 1,063
- Likes
- 53
The US stock market yesterday made a pause after the recent valuations. The selling pressure was mainly driven by the drop in oil prices. An indicator of the labor market was published, but it did not have a very significant effect on the stock markets. The number of weekly claims for unemployment benefits fell by 4,000 to 264,000 in the week ended June 4, compared to 270 000 estimated. The data from the previous week were revised up registered another 1,000 weekly claims for unemployment benefits than previously indicated. The dollar depreciated, reaching the minimum in over a month against the Yen. The main exporting companies were favored by this movement of the US currency. Prices of Treasury bonds to 10 years were up, putting their yields to the minimum levels since 11 February (1.673%).
P
postman
FTSE still struggling to make +20 points.
P
postman
ftse 6150 is holding.
Get ready.
Get ready.
P
postman
-9
I can live with that.
Looks like London traders have gone on holiday early. Maybe they're off to watch the footy.
joseph1986
Experienced member
- Messages
- 1,899
- Likes
- 90
damn it this is getting worse
P
postman
😱
Dinos
Veteren member
- Messages
- 4,113
- Likes
- 714
Only one place this heading at the minute, longs suicide at the moment IMHO
Attachments
P
postman
Yes we should remember Keynes.
"Markets can remain irrational a lot longer than you and I can remain solvent."
Longer term bear trap 6050 then boom.
P
postman
FTSE still cant make a 20 point up move.
Went long @ 6130 but will close @6149 if it makes it. Stop BE, lets see. Short term atm.
Closed 6142, not enough buyers to push to 6150 atm.
Back on the fence as well. Trend is short, looking for where buyers will get involved but rallies will be sold off pending direction from US.
P
postman
I've just checked outside and the sky does NOT appear to be falling. What is going on?
