Just back in the office. I've been out for the last 2.5 hours. Looks like I missed the best move of the day, and possibly week. Sure looks like it was a deliberate attempt to grind it higher all the way up to the major swing high at 5906 ish and then let it fly down. I can't see anything but a move lower to test support at 5830 on monday. Unless there is some fiscalbabble from the yanks, shortly.
Just back in the office. I've been out for the last 2.5 hours. Looks like I missed the best move of the day, and possibly week. Sure looks like it was a deliberate attempt to grind it higher all the way up to the major swing high at 5906 ish and then let it fly down. I can't see anything but a move lower to test support at 5830 on monday. Unless there is some fiscalbabble from the yanks, shortly.
Some numbers from November.
Markets heading south in the first half of the month, before a big turn around in the last 2 weeks. FTSE and DAX have very much outperformed the DOW in November.
Going into December some US floor traders are saying we have seen the high for the US. With the FTSE, ASX and DAX, not so sure if we have seen the high for the year.
Looking for a pull back in early December, before a strong finish into year end.
Have in previous year's seen the ASX surge 5% into the last 2 weeks of the calendar year.
The fiscal cliff will have some say in the outcome.
China PMI over the weekend the lead for Monday.
Big week of Aussie data rate call, GDP and unemployment and US NFP.
Have a good weekend.
Markets heading south in the first half of the month, before a big turn around in the last 2 weeks. FTSE and DAX have very much outperformed the DOW in November.
Going into December some US floor traders are saying we have seen the high for the US. With the FTSE, ASX and DAX, not so sure if we have seen the high for the year.
Looking for a pull back in early December, before a strong finish into year end.
Have in previous year's seen the ASX surge 5% into the last 2 weeks of the calendar year.
The fiscal cliff will have some say in the outcome.
China PMI over the weekend the lead for Monday.
Big week of Aussie data rate call, GDP and unemployment and US NFP.
Have a good weekend.
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rawrschach
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didn't stand back
got shafted. Got a good trade at 80s but didn't take it cuz friends showed up
trading dax next week =o
got shafted. Got a good trade at 80s but didn't take it cuz friends showed up
trading dax next week =o
jungerns
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Not with you......??
rawrschach
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Oh, I traded after I said it didn't look too great, took a 3 point loss. When the futures hit 80s had an entry short but my friends showed up early for lunch (different time zone) so didn't take the trade
Gonna be trading the dax next week, see how I like it...seems more scalable than the ftse
Gonna be trading the dax next week, see how I like it...seems more scalable than the ftse
jungerns
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North Korea flexing its Muscle again between now and Christmas...........
North Korea prepares missile launch - FT.com
North Korea prepares missile launch - FT.com
Morning jungerns and All
BHP +0.32%
RIO -0.36%
Asia starting to give up the gains in mid afternoon.
Good China PMI read helped kick start the morning.
ASX strong and AUD weak.
Asian shares, euro rise after firm China data | Reuters
BHP +0.32%
RIO -0.36%
Asia starting to give up the gains in mid afternoon.
Good China PMI read helped kick start the morning.
ASX strong and AUD weak.
Asian shares, euro rise after firm China data | Reuters
SuddenDeath
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morning jungerns and bustech
Dollar index is below 50% big fib (80.12) sep low - nov highs
Dollar index is below 50% big fib (80.12) sep low - nov highs
Morning SD
Hong Kong now down over 220 points(1%) into the close.
Hitting FTSE and DAX futures.
Was up 0.60% in the morning.
China also down 1% today
http://www.marketwatch.com/story/shanghais-disturbing-stock-slump-2012-12-02?link=MW_latest_news
SuddenDeath
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looks like hk reacting from 22,000 resistance level
SuddenDeath
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EURUSD strong, should support FTSE
5903 approx 61.8 fib on sp500 dec. 1419.2 this has acted as resistance past 2 trading days
872 lot order done at 5893 ftse futures (which are trading at same level as cash, )
.
5903 approx 61.8 fib on sp500 dec. 1419.2 this has acted as resistance past 2 trading days
872 lot order done at 5893 ftse futures (which are trading at same level as cash, )
.
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SuddenDeath
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morning barjon
Dollar index 79.968 mid, below 80.12 fib.
possible cup and saucer on gbpusd during past 25 days
Dollar index 79.968 mid, below 80.12 fib.
possible cup and saucer on gbpusd during past 25 days
barjon
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9:00 might stop it - covered
