Anyone scalping the FTSE Futures??

Interesting discussion. It's tricky to find the sweet spot in terms of a fake against market sentiment. Because you need to nail down who "the market" is. What level of traders are they? Are they the noobs who go with the wind, or are they a level up, full time traders who are predicting a fall, and the people with the power subvert them?
 
myattitude said:
Interesting discussion. It's tricky to find the sweet spot in terms of a fake against market sentiment. Because you need to nail down who "the market" is. What level of traders are they? Are they the noobs who go with the wind, or are they a level up, full time traders who are predicting a fall, and the people with the power subvert them?
Click to expand...

Whilst money is pouring into the funds they’ve got to spend it even if they think buying is the worst idea in the world. S’all about money flow in the end.

PS: actually a bit of a change after record inflows in jan/Feb http://www.lipperusfundflows.com/#create:home:Home:/php/signup_trial.php
 
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barjon said:
S’all about money flow in the end.
Click to expand...

Most certainly is! The big institutions know it too well, even though they may understand we are treading on thin ice up here, and the recent price action shows the attitude to adverse price movement. They still have not done all they need, hence the old market reassurances such as " this is just a correction in a bull market" blah blah on the likes of CNBC. But guess what: it doesnt take a genius to work out who are going to be the major sellers as we pump into 3000 S&P ;)
 
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One of my favorite Quotes from Paul Tudor Jones:
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
 

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Shares of Tesla's fell as much as 6% after its founder, Elon Musk, said that the company had gone bankrupt (making light of the car maker's troubles in April 1 Twitter prank).
 
S&P still can't conquer 2600.

The last 3 visits down here looks like major business being done; real net shorts being met on the bid by those that can.

3 goes should be enough, but 4 is not out of the question.

Then the conundrum becomes how far we rise while still believing the short side is on????
 
China has announced additional tariffs on more than 106 products imported from the US, less than twenty-four hours after President Trump presented a list of Chinese products to which he proposes to apply aggravated customs duties (about 1300 products from different sectors such as aeronautics, information and communication technologies or even robotics and machines). The number of products is lower than the list of 1300 goods presented by the US, but its value is intended to be identical, that is, 50,000 M.USD. Recalling that China had already promised to retaliate with the “same force” to the announced intention of the US to increase its customs duties on Chinese products. These news had a negative impact on several sectors of activity, but more strongly on technology companies.
 
Next level

S&P looking for 2680/85 as the next resistance bounce point. This should only be short lived, then we break further upside with all the recent shorters rapidly forgetting why they wanted to short in the 1st place. Ie - they were well late to the party:cheesy:
 
I'd like to see the DOW close above 24450 before I can say the bulls are in control
 
The reversal of the trend of the New York session should support European stocks. European shares are more likely to reverse the underperformance phase compared to their US counterparts, a trend that has marked the last few months. The evolution of the Euro is one of the variables that can accelerate this inversion. The exchange rate issue is gaining momentum at the present stage. At a time when there is a fear of a trade war, the competitiveness of the various economies becomes crucial.
 
Markets are increasingly beginning to interpret the actions of the President not as a final goal, but as a means of reaching an agreement with China in favor of the US. It is important to remember that Donald Trump was an author of a bestseller entitled “The Art of Negotiating” where he advocates strategies very similar to those adopted as President. In this context of tension between the US and China, the best market barometer is the DAX index. The German index is the one with a greater weight of exporting companies and Germany is the European country with the largest exposure to the Chinese economy.
 
In European opening, stocks are trading lower, influenced by the reversal of the US market trend in yesterday's session. The technology sector should be the focus of attention, since in Wall Street it was the main reason for the downward behavior of the market.
 
US Markets are gapping lower - this is due to the opening price being lower than the close of yesterday.

We could test the low of this open gap, or we could just squeeze. We will know at the end of the session what happened and will be able to give a fundamental/news reason in hindsight.

This thread ain't what it used to be - shame but that's evolution for ya!
 
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