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Not my type of day. Lacked conviction, yet had a little spurt close to end of the trading day.
Everytime i thought the market was going to break out it seemed to pause to check itself, deterring any trade on my behalf.
Have a sneaking feeing that US could end to-day ok leading to a continuation tomorrow for FTSE. Dangerous to go down the forecasting route....
What is your wave count Bonsai? Have we had a ABC from 4389 to 4313?
Everytime i thought the market was going to break out it seemed to pause to check itself, deterring any trade on my behalf.
Have a sneaking feeing that US could end to-day ok leading to a continuation tomorrow for FTSE. Dangerous to go down the forecasting route....
What is your wave count Bonsai? Have we had a ABC from 4389 to 4313?
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not the best of days for me.
got the direction right but went in too early.
then got the direction right again
and then again but this time after a very long wait came out too soon.
(probably had to wait so long, it gave me time to think)
- a/d never went positive all day -
2 plusses and one minus look all right on paper but I didn't do well.
got the direction right but went in too early.
then got the direction right again
and then again but this time after a very long wait came out too soon.
(probably had to wait so long, it gave me time to think)
- a/d never went positive all day -
2 plusses and one minus look all right on paper but I didn't do well.
hungrybear
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Lost 6 points on a short - Ftse not interested in going down.
Jonnyy, I also had a 300 point down spike. It can be an indication of where the market's going, but there seems to be a lot of support so seems more likely to retest the highs this week. TWT.
Jonnyy, I also had a 300 point down spike. It can be an indication of where the market's going, but there seems to be a lot of support so seems more likely to retest the highs this week. TWT.
barjon
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mmm, by chance had a relaxed day decorating after a long entry
just before 10 - didn't tune in again 'til 4 so didn't sit and suffer.
ftse not a lead indicator today, bonsai? just seemed to sit on
it's hands waiting for US opening - volume was low from opening
and pathetic from 1030 - 1400
just before 10 - didn't tune in again 'til 4 so didn't sit and suffer.
ftse not a lead indicator today, bonsai? just seemed to sit on
it's hands waiting for US opening - volume was low from opening
and pathetic from 1030 - 1400
barjon
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mixed bag from ftse14 today (just testing my new found posting
skills
)
interesting (maybe) that only azn, barc,dge and hsba have made
their highs since the march low point in the last couple of weeks.
tsco apart it is 4 months or so since the others were at their
highs, with some- bp, lloy,rbs having completed double or triple
tops. Any conclusions I leave your trained minds :idea:
good trading
jon
skills
)interesting (maybe) that only azn, barc,dge and hsba have made
their highs since the march low point in the last couple of weeks.
tsco apart it is 4 months or so since the others were at their
highs, with some- bp, lloy,rbs having completed double or triple
tops. Any conclusions I leave your trained minds :idea:
good trading
jon
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Morning all.
Little overnight to sway FTSE 100 this morning.
Bloomberg News carrying nothing of immediate importance
Toyko barely changed (Nikkei +18)
SP500 flat (-0.5). However, I was expecting a better day. Veteran's Day yesterday had bond market closed and saw modest equity volumes. So maybe one should not read too much into yesterday. SP500 appears to have stopped at its 38% Fib of the late October rally (that is a modest retracement=bullish?)
FTSE still appears to be respecting the trendline off the Sept/Oct low of 4081. So I have to remain positive towards market.
Little overnight to sway FTSE 100 this morning.
Bloomberg News carrying nothing of immediate importance
Toyko barely changed (Nikkei +18)
SP500 flat (-0.5). However, I was expecting a better day. Veteran's Day yesterday had bond market closed and saw modest equity volumes. So maybe one should not read too much into yesterday. SP500 appears to have stopped at its 38% Fib of the late October rally (that is a modest retracement=bullish?)
FTSE still appears to be respecting the trendline off the Sept/Oct low of 4081. So I have to remain positive towards market.
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hungrybear
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Hi Bonsai,
Yes, I expected a stronger day on WS yesterday. Today should be stronger but I wonder if we'll see initial weakness. Dax and Ftse look corrective on upmoves but initial weakness sometimes morphs into an impulse.
Yes, I expected a stronger day on WS yesterday. Today should be stronger but I wonder if we'll see initial weakness. Dax and Ftse look corrective on upmoves but initial weakness sometimes morphs into an impulse.
if this market is going to take off, it seems to me we have
a couple of problems to overcome ?
Glaxo is not performing and Oils look very weak.
We have single stair treads much higher up than this, but we cant get there without Oils ?
Because of their weightings Oils seem the major issue ?
This chart of Shell may illustrate .
Now when this bottoms out .........
a couple of problems to overcome ?
Glaxo is not performing and Oils look very weak.
We have single stair treads much higher up than this, but we cant get there without Oils ?
Because of their weightings Oils seem the major issue ?
This chart of Shell may illustrate .
Now when this bottoms out .........
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This is the problem that Barjon, myself and Bonsai discussed in September. Unfortunately, it still remains unresolved. You can also include HBOS, Barclays, LLoydsTSB, RBOS to the list of the top 10 UK companies dragging on the FTSE100.
On a brighter note, I run, every week, an analysis of performers, using the FTSE250, to weed out the real performers. My list, which is far from exhaustive, include:
Inchape, Laird, Rolls Royce, Standard Chartered, HSBC, RMC, MCGR, Big Food, Spirent, ARM, Reuters, Taylor Nelson, UBM, BHP, Celltech, Kewell, Logica, Man, Hays, C&W, Colt, Mn02, BAY.
After a long period of underperformance, Beverages have begun to move.
On a brighter note, I run, every week, an analysis of performers, using the FTSE250, to weed out the real performers. My list, which is far from exhaustive, include:
Inchape, Laird, Rolls Royce, Standard Chartered, HSBC, RMC, MCGR, Big Food, Spirent, ARM, Reuters, Taylor Nelson, UBM, BHP, Celltech, Kewell, Logica, Man, Hays, C&W, Colt, Mn02, BAY.
After a long period of underperformance, Beverages have begun to move.
<marquee scrollamount="3" bgcolor="yellow">Wednesday November 12 Corus Leaps On Fundraising News (Motley Fool) - 10:47 AM European stocks lack early direction (FT Investor) - 10:19 AM Dairy Crest profits up as cheese stocks nibbled (Reuters) - 10:01 AM London shares nudge higher (Reuters) - 09:39 AM FTSE 100 nudges higher (Reuters) - 09:33 AM FTSE nudges higher, Corus leaps on fundraising (Reuters) - 09:32 AM FTSE Recovers To End Flat (Motley Fool) - 09:00 AM FTSE 100 set for flat start (Reuters) - 08:19 AM </marquee>
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