S&P 500 & other indexes - intraday. Plus chat

The Queen has tipped her hat, seems she is risk on.....
 

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Today may well be a bit of a bounce day imho after the recent falls.
 
Pat, unless you are using large stakes (and I'm not fishing, I don't want to know) there can't be much in SP, so far. I am short UStech, which is traded by Fins, and have decided to use the day's high plus one for a stop and walk away. I have chores to do and the Missus will be after me if I don't get crackin'. That has a 3 point spread OOH, but I have used it before, profitably, and am just in profit at the moment. I find SP to be a bit too slow for my taste.
 
I have just been having a look at Velocity Futures.
It has a 95% ranking on ET but to my mind seems expensive
1. $5,000 deposit
2. $300 pa maintenance fee
3. $3.95 turnaround.

The US brokers have stitched up the markets in legal laws to exclude SBers from the US. A bit like the Casino owners stitched up the market for themselves by excluding on line betting ! That's money muscle talking.
 
Pat, unless you are using large stakes (and I'm not fishing, I don't want to know) there can't be much in SP, so far. I am short UStech, which is traded by Fins, and have decided to use the day's high plus one for a stop and walk away. I have chores to do and the Missus will be after me if I don't get crackin'. That has a 3 point spread OOH, but I have used it before, profitably, and am just in profit at the moment. I find SP to be a bit too slow for my taste.

I don't know the average range of the S&P but it must be about 20 points, which isn't too bad. Just needs a bit of patience imho. Hope you made your punt ok.
 
I have just been having a look at Velocity Futures.
It has a 95% ranking on ET but to my mind seems expensive
1. $5,000 deposit
2. $300 pa maintenance fee
3. $3.95 turnaround.

The US brokers have stitched up the markets in legal laws to exclude SBers from the US. A bit like the Casino owners stitched up the market for themselves by excluding on line betting ! That's money muscle talking.

Horses for courses Pat.

1. SB spread would make a profound difference to me. The commission + spread is still less than what I would pay for SB. SB would adversely affect my expectancy.

2. I suspect all of my trades would go to dealer referral thus losing me the immediacy I require to maintain my expectancy. To be fair I have never tried to trade that size on a SB account so don't really know.

3. I take comfort in the fact that I am trading at prices governed directly through the auction process on the exchange and not through prices determined by an intermediary.
 
7:00am EUR German PPI m/m 0.2% 0.4% 0.6%
1:30pm CAD Core CPI m/m 0.2% 0.3%
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Day 1 ALL G8 Meetings
Tentative USD Treasury Currency Report



Not much in the diary today
 
Horses for courses Pat.

1. SB spread would make a profound difference to me. The commission + spread is still less than what I would pay for SB. SB would adversely affect my expectancy.

2. I suspect all of my trades would go to dealer referral thus losing me the immediacy I require to maintain my expectancy. To be fair I have never tried to trade that size on a SB account so don't really know.

3. I take comfort in the fact that I am trading at prices governed directly through the auction process on the exchange and not through prices determined by an intermediary.

As long as you are happy !
 
what a circus over Face Book.
I really wonder just how long it will be around when others try to cash in.
It may open at about $38 a share but will probably rise quickly and to where ?
 
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