Morris,
You could be right on that issue. There's no mistake about it that the markets are getting increasingly nervous.
I'm not sure whether I should be pleased about my decision to sit on the fence this morning or annoyed that I didn't go a Short!
UK
You could be right on that issue. There's no mistake about it that the markets are getting increasingly nervous.
I'm not sure whether I should be pleased about my decision to sit on the fence this morning or annoyed that I didn't go a Short!
UK
downbytheriver7
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light grey going on black monday...most markets must have given up 7-15% in just under 2 weeks
downbytheriver7
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Have to admit it I added quite abit of capital today at these levels - in the red so far but will see where the near term takes us. Quite a few indicators pointing to extreme bearish views and thats bullish for me.
The FTSE, Tuesday 23rd May 2006
Monday's results:
Close: 5532, down 124pts [2.20%]
Range: 5657 - 5532.
Last 5 TD: down 5.36%.
OTM: -8.36%.
Monday's DOW:
11125, down 18pts [0.17%].
Last 5 TD: down 2.67%.
OTM: -2.10%
Thursday's S&P 500
1262.06 down 4.97 [0.39%].
Last 5 TD: down 2.52%.
OTM: -3.73%.
News items of note:
Metal prices slump further
(Filed: 22/05/2006) Telegraph
Copper, aluminum and silver prices in Asia fell as much as 4pc, and gold slipped 2.2pc, on speculation that a rally in the metals has ended as investors deemed their rise to levels not seen for decades was overdone.
Copper stockpiles rose by almost a fifth last week to a 12 week high and aluminum inventories gained 1.6pc, the Shanghai Futures Exchange said May 19. Commodity prices tracked by the Reuters/Jefferies CRB Futures Price Index tumbled 6.4 percent last week, the biggest drop since 1980.
Nicholas Chung, a general manager at Tong Yang Futures Trading's international business team, said: "The consensus is that the bubble has burst." Chung had expected spot gold to plunge from $657.60 an ounce on May 19 to $650 today. It dropped as low as $642.90.
Charts, and nothing but the charts: Monday's predicted a rise. Tuesday's a rise.
The PoM System: +1.25, interpretation: a rise.
The PoM system is a mathematical formula that determines the markets direction. A plus or minus indicates the likelihood and strength of the market going up or down.
Companies reporting:
British Land & Co
Kazakhmys
Marks and Spencer
Yell
Economic Data:
None.
Areas to watch: Oil copper and miners. As per Monday, all are expected to drop further and again copper the most.
The FTSE tomorrow based on present news and data: well that's this years gains and then some wiped off the board. The big sell off continues. Charts and PoM agree with a small chance of a rise; companies reporting will have little and no effect on the market; the American markets poor attempt to finish the day in positive territory will only add a negative sentiment to the FTSE's early morning behaviour. Expect the FTSE to continue its daily see-saw action, and South rather then North.
Early gut feeling: a rise.
Will I bet? Still sitting on the fence.
If you are betting: make your own decision, watch the markets open and do read the news for clues as to which way the FTSE may go.
Yours
UK
Monday's results:
Close: 5532, down 124pts [2.20%]
Range: 5657 - 5532.
Last 5 TD: down 5.36%.
OTM: -8.36%.
Monday's DOW:
11125, down 18pts [0.17%].
Last 5 TD: down 2.67%.
OTM: -2.10%
Thursday's S&P 500
1262.06 down 4.97 [0.39%].
Last 5 TD: down 2.52%.
OTM: -3.73%.
News items of note:
Metal prices slump further
(Filed: 22/05/2006) Telegraph
Copper, aluminum and silver prices in Asia fell as much as 4pc, and gold slipped 2.2pc, on speculation that a rally in the metals has ended as investors deemed their rise to levels not seen for decades was overdone.
Copper stockpiles rose by almost a fifth last week to a 12 week high and aluminum inventories gained 1.6pc, the Shanghai Futures Exchange said May 19. Commodity prices tracked by the Reuters/Jefferies CRB Futures Price Index tumbled 6.4 percent last week, the biggest drop since 1980.
Nicholas Chung, a general manager at Tong Yang Futures Trading's international business team, said: "The consensus is that the bubble has burst." Chung had expected spot gold to plunge from $657.60 an ounce on May 19 to $650 today. It dropped as low as $642.90.
Charts, and nothing but the charts: Monday's predicted a rise. Tuesday's a rise.
The PoM System: +1.25, interpretation: a rise.
The PoM system is a mathematical formula that determines the markets direction. A plus or minus indicates the likelihood and strength of the market going up or down.
Companies reporting:
British Land & Co
Kazakhmys
Marks and Spencer
Yell
Economic Data:
None.
Areas to watch: Oil copper and miners. As per Monday, all are expected to drop further and again copper the most.
The FTSE tomorrow based on present news and data: well that's this years gains and then some wiped off the board. The big sell off continues. Charts and PoM agree with a small chance of a rise; companies reporting will have little and no effect on the market; the American markets poor attempt to finish the day in positive territory will only add a negative sentiment to the FTSE's early morning behaviour. Expect the FTSE to continue its daily see-saw action, and South rather then North.
Early gut feeling: a rise.
Will I bet? Still sitting on the fence.
If you are betting: make your own decision, watch the markets open and do read the news for clues as to which way the FTSE may go.
Yours
UK
downbytheriver7
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squeeze time....?
downbytheriver7
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will be interesting to see if this first bounce gets sold after the first hour in the US, a decent close will see this last atleast a day or so
downbytheriver7
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downbytheriver7 said:
Doesn't look like a decent close at all!
The FTSE, Wednesday 24th May 2006
Tuesday's results:
Close: 5678, up 146pts [2.64%]
Range: 5705 - 5532.
Last 5 TD: down 2.80%.
OTM: -5.74%.
I'm not fooled by today's giant leap North, it was well overdone and as they say, it aint over until the fat lady sings.
I still perceive a see-saw action until month's end.
Tuesday's DOW:
11098, down 26pts [0.24%].
Last 5 TD: down 2.84%.
OTM: -2.35%
Tuesday's S&P 500
1256.57 down 5.50 [0.44%].
Last 5 TD: down 2.77%.
OTM: -4.17%.
News items of note:
Worth a read:
Traders remain cautious amid strong recovery
http://news.ft.com/cms/s/81ee00be-e...age=350b0bf6-cbf0-11d7-81c6-0820abe49a01.html
Charts, and nothing but the charts: Tuesday's stated a rise. Wednesday an early dip.
The PoM System: -5.50, interpretation: a drop.
The PoM system is a mathematical formula that determines the markets direction. A plus or minus indicates the likelihood and strength of the market going up or down.
Companies reporting:
Kingfisher
Economic Data:
11:00 UK CBI Industrial Trends May.
Areas to watch: copper and miners. Don't be overly confident by today's turnaround. The miners and copper are still well over priced.
The FTSE tomorrow based on present news and data: the FTSE was helped up a few notches today with the aid from the miners and American markets. However, in the final half hour of trading the American markets nose dived. The road south continues; expect the FTSE to open down 12-16pts; charts predict an early dip, but the PoM predicts a strong reversal of today; companies reporting and ED are tame.
Early gut feeling: early morning dip.
Will I bet? Looking at a binary short.
If you are betting: make your own decision, watch the markets open and do read the news for clues as to which way the FTSE may go.
Yours
UK
Tuesday's results:
Close: 5678, up 146pts [2.64%]
Range: 5705 - 5532.
Last 5 TD: down 2.80%.
OTM: -5.74%.
I'm not fooled by today's giant leap North, it was well overdone and as they say, it aint over until the fat lady sings.
I still perceive a see-saw action until month's end.
Tuesday's DOW:
11098, down 26pts [0.24%].
Last 5 TD: down 2.84%.
OTM: -2.35%
Tuesday's S&P 500
1256.57 down 5.50 [0.44%].
Last 5 TD: down 2.77%.
OTM: -4.17%.
News items of note:
Worth a read:
Traders remain cautious amid strong recovery
http://news.ft.com/cms/s/81ee00be-e...age=350b0bf6-cbf0-11d7-81c6-0820abe49a01.html
Charts, and nothing but the charts: Tuesday's stated a rise. Wednesday an early dip.
The PoM System: -5.50, interpretation: a drop.
The PoM system is a mathematical formula that determines the markets direction. A plus or minus indicates the likelihood and strength of the market going up or down.
Companies reporting:
Kingfisher
Economic Data:
11:00 UK CBI Industrial Trends May.
Areas to watch: copper and miners. Don't be overly confident by today's turnaround. The miners and copper are still well over priced.
The FTSE tomorrow based on present news and data: the FTSE was helped up a few notches today with the aid from the miners and American markets. However, in the final half hour of trading the American markets nose dived. The road south continues; expect the FTSE to open down 12-16pts; charts predict an early dip, but the PoM predicts a strong reversal of today; companies reporting and ED are tame.
Early gut feeling: early morning dip.
Will I bet? Looking at a binary short.
If you are betting: make your own decision, watch the markets open and do read the news for clues as to which way the FTSE may go.
Yours
UK
UKHero, thanks for your analysis, as always. I wanted to ask you a couple of questions for some time now about your POM system:
1. Is it a 1 day prediction?
2. Is it based on Open Value of the predicted trading day, or on Close Value of the previous day?
For example, for today it says -5.5, well, if it's based on yesterday's Close Value then it is kind of stating the obvious because FTSE100 was 1.1% down by 10PM yesterday.
Thanks
1. Is it a 1 day prediction?
2. Is it based on Open Value of the predicted trading day, or on Close Value of the previous day?
For example, for today it says -5.5, well, if it's based on yesterday's Close Value then it is kind of stating the obvious because FTSE100 was 1.1% down by 10PM yesterday.
Thanks
