Anyone scalping the FTSE Futures??

The rise in crude on Friday is associated with a recovery of some risky assets (due to a decrease in fears for the Brexit) and a technical reaction to the losses suffered in the previous days. From a fundamental point of view, there is still an imbalance between supply and demand, which although not as pronounced as at the beginning of the year continues to persist.
 
One more big market event this week that no one is talking about

This week is also the annual Russell rebalance event. This is the when FTSE Russell reconstitutes all of the Russell indexes to give the best market cap representation for the next year. It occurs on the last Friday of June and is always a day that produces a lot of volume in the markets, as portfolio managers resize and adjust their holdings to match up against the changes.
in years past, this was a bigger event for Wall Street, as the list of adds and deletes to each of the index was withheld until the day of the trade. As a result, there were a lot of bets made on either side, and the day produced a lot of trading to get it right by the end of the day. A few years ago, however, Russell decided to reveal the overall list a few days early, which eliminated all of the blind betting that took place leading into the trade … and much of the fun around that day.

This change in policy has reduced the volatility that comes along with the trade, but we still will experience greater volumes throughout the day on Friday and especially into the closing auction. The point of interest in the year’s “Russell Rebal” is that it hits one day after the Brexit vote. Depending upon the vote on Thursday, it could make the Russell Rebal interesting again … and fun!
Markets continue to trade in a neutral channel and are waiting for a catalyst to break them out. And despite the Dow Industrials (^DJI) and the S&P 500 (^GSPC) getting the attention today with the nice Brexit-stay related move, the Russell 2000 (^RUT) is the index to watch. It is leading, and it’s back to the 1160-1165 territory. It needs to hold this area for all of the market to move back to record levels.
 
joseph1986 said:
after today you guys may just renounce your british citizenship and become americans! :LOL:

;)
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After this weeks coming drop in the Dow 'we British' will be able to buy the whole index and a pint of beer and still have change from a fiver. ;)
 
The devaluation of the price of the dollar boosted commodities, with the exception of gold that had previously attracted purchases from investors because of their defensive nature. Although in Wall Street, investors continue to monitor developments in Europe, the main event of the day will be the testimony of Janet Yellen on the financial committee of the Senate at 15:00.
 
A XETRA Dax close below 10k would suggest to me a short term top is in. Long way to go. otherwise, it's continue to buy the dips.
 
chronictrader said:
A XETRA Dax close below 10k would suggest to me a short term top is in. Long way to go. otherwise, it's continue to buy the dips.
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Gd-day !!!!!! Happy campers :)

I have the DAX heavily overbought waiting for the US to oblige which as you've guessed it doesn't appear to be happening :LOL:

Gotta love 'em dow boys
 
bought at 2083, every syllable out of yellens mouth will be to devalue the dollar. We'll see if she's successful
 
out of position from 6184 on ftse at 6224...
closed all positions on snp and dow. Ftse may go to 230's but this is danger zone. US markets starting to look way too risky
 
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