Anyone scalping the FTSE Futures??

Dick Lexic said:
well they must be expecting big things if they are to fill that lot!
Click to expand...

With the GFC.
In 2008 GDP dropped from 14% to about 9% in China.
China done a stimulus package of about 580 billion in 2008/2009.
Otherwise GDP would have fallen more.
The communist government is responsible for feeding and employing its people.
About 8 million new people come into the workforce each year.
They spent the money on building new road, rails and towns.
Problem is that in the last 2 to 3 years and now have towns/cities for the next 15/20 years. That caused the boom in commodity prices(BHP and RIO) in the last 3years. They now have moved away from a infrastructure building to a more consumption based economy.
Next part of the GDP story is still to play out, will still grow a lot faster than the west.
One thing in their favour is that the communist government can move a lot faster with policy and stimulus packages than a democracy government.
 
SuddenDeath said:
watch the VIX on daily, it is saying upside is limited and potentially a top around 5876 (today's current high )
Click to expand...

typed the above at 8.47am on 14th aug.

VIX is indicating a possible top in indices, not 100% but something to watch out for.

was triggered yesterday at 14.50 uk time
 
bustech said:
With the GFC.
In 2008 GDP dropped from 14% to about 9% in China.
China done a stimulus package of about 580 billion in 2008/2009.
Otherwise GDP would have fallen more.
The communist government is responsible for feeding and employing its people.
About 8 million new people come into the workforce each year.
They spent the money on building new road, rails and towns.
Problem is that in the last 2 to 3 years and now have towns/cities for the next 15/20 years. That caused the boom in commodity prices(BHP and RIO) in the last 3years. They now have moved away from a infrastructure building to a more consumption based economy.
Next part of the GDP story is still to play out, will still grow a lot faster than the west.
One thing in their favour is that the communist government can move a lot faster with policy and stimulus packages than a democracy government.
Click to expand...

thanks bus
 
Dow pivots for Thurs

Buy 13,175
Sell 13,160

Yesterdays pivot 13,180 acted as support for large part of cash session
 
Rio ex div today
Hong Kong weak into close.
9am reversal upto Dicks 850 area, not sure if we have the legs for that far.
 
Money leaving US treasury 10yr.

short term cash movement may harm indices but longer term higher trez yields bullish for indices
 
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