Trading the SPX

[Racer]

Hmm, oil is up a bit isn't it!

 

[hornblower]

Hmm yes it is

 

[Racer]

But they only pay 31p a litre in the US, whilst we will be paying over 100p a litre very soon!

Joules what is it like in Australia for petrol?

 

[hornblower]

closed 1237.5

 

[Racer]

Need a break of 10630 on the Dow now

 

[Racer]

A bit of a bounce at 10630, how high? Need the S&P to go through 1232 as well

Nas has gone first.. broke 2174 trendline

 

[Racer]

CSCO hitting the lows of the day now at -6.37%

 

[Racer]

Oil going even higher!

 

[hornblower]

technically the s & p has broken its down trend

 

[hornblower]

I am using aol ,& I seem unable to post a thumbnail, or a chart

 

[hornblower]

edit

 

[Racer]

Lovely and sunny here

 

[Racer]

So they are spending money on discounted cars and more expensive fuel but not a lot else

 

[Racer]

Yesterday the Dax was up 91 points, so far today it is down 49
CAC was up 35, today it is down 32

 

[Racer]

Yes, I am watching to see how far they will fall or if bounce today, but both are looking weak all day despite US futures being up a lot

 

[Racer]

CAC is now down35 and the DAX down 50

 

[Racer]

Look at that big winding up........... wow, this could be setting up for a big move

 

[orky]

Look at that big winding up........... wow, this could be setting up for a big move

Racer

Which way do you think?

Orky

 

[Racer]

Which way? Now that is a question!

I would really think down, but there are too many market forces behind the scenes (like those big futures moves out of hours!) So it depends which way they want to tip the balance.
It has got nothing to do with oil/economics/earnings either...

I am becoming too cynical these days I think!

 

[hornblower]

Hi Orky , its been up,down and sidways so far , and I am waiting for the next move,
I just trade what I see , seems like its time to go short