FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

Every stock market crash over the past 30 years had a Hindenburg Omen on the clock when they occurred.

We got an official Hindenburg Omen Thursday, June 11th, as we got the required second H.O. observation Thursday within a 30 day period. On Thursday, New NYSE Highs were 108, and New Lows were 92, the lower of the two coming in at 2.82 percent of total issues traded, above the 2.20 percent threshold. The McClellan Oscillator was negative and the 50 day moving average was higher than 10 weeks earlier. The first H.O. observation came Wednesday, June 10th. This H.O. is now on the clock through October 11th, 2015.

One necessary condition for a stock market crash this year is now in place. As you know, we believe there will be a stock market crash in the August to October time period, most likely in September, kicking off the next great Bear market and a likely economic depression.
from Robert Mchugh

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

dax turned a bit nasty
activated downward count
res 11350 area
supp 11250 area as per chronics levels

 

[Dentalfloss]

trend is down on 1 minute
11307 and 11346 areas

 

[Dentalfloss]

spx went negative this morning
sold off after the close

 

[Atilla]

fwiw

Oil is dropping; indicating either increased supply and/or drop in demand. Stating the obvious. However, I feel we will get both - haha. Short bias on oil continues.

Gold is back into its routine of drops and rises maintaining 1180 area. Doesn't look afraid of rate rises just yet.

Asia had a bounce same as US and EU markets. No surprises there.

Yields all over the place. Head scratching. Risk is on imo. Inflation seems to be getting a look in too.

US news out @ 1:30 & 3:00 pm. Should get some flutters one way or another.

 

[Atilla]

spx went negative this morning
sold off after the close

That's good to know.

I have a number of short limit orders below 2100 waiting to get filled.

Preferably I would like a 30 point drop today :cheesy:

 

[Dentalfloss]

scalps in and out of 11300 area so far
11300 area from the 1 min chart posted
2110 res on spx from 1 mmin

 

[NickBk]

^ I have sold 4 times at 98 so far but that's it as it could pop up through to 25/30

 

[Dentalfloss]

market does not like 11307 as we said

 

[Dentalfloss]

nice moves off that pivot this morning

 

[Atilla]

Looking at 11300 - 11240 narrow short range bound moves.

10:00 EU Industrial prod figs coming out.

Minor news but market looking for info outside of Grexit to give it something to chew on.

 

[Dentalfloss]

UK construction output figures due at 9.30
figures being released from Legoland

 

[Dentalfloss]

11250 might be res for this minor bounce..lets see

 

[Dentalfloss]

decent moves on dow and spx this morning since we said it had negative overnight

 

[Atilla]

Markets feeling tired and quiet. Is it the weekend or just a respite for US news.

Thinking we'll move sideways to see what comes out of the ether. :whistling

 

[NickBk]

calm before the storm
expect a swingy afternoon for sure

 

[NickBk]

^ I have sold 4 times at 98 so far but that's it as it could pop up through to 25/30

Let's make that 60 nice, fast move!

 

[Dentalfloss]

areas worked well this morning

together with chronics 11250 supp

trend is down on 1 minute
11307 and 11346 areas

 

[Dentalfloss]

retest 11350 and then a tank