Trading with point and figure

[Dentalfloss]

there ya go

 

[Dentalfloss]

Dow 4 hour data

updated

 

[Dentalfloss]

trend break...and dump

 

[Dentalfloss]

They are both in rez and wont yield

have now

 

[inzimam]

Nice Dow move

 

[Dentalfloss]

DAX
messy
the only clue we had that it was in rez
a messy signal

 

[Dentalfloss]

trend break...and dump

much cleaner and easier to read
break of trend
stayed below and consolidated

 

[Dentalfloss]

Mornin folks

 

[Dentalfloss]

Quiet start to the week, digesting UK snippets, Singapore & Indonesia
Trade, awaiting ECB Coeure speech, EU crops forecast & NY Fed Manufacturing;
but likely totally subordinate to expected imminent US imposition of
further $200 Bln of trade tariffs; keep an eye on expected busy week for
corp bond issuance

- NY Fed: modest dip to still very solid level; focus on prices paid (chart)

..........................................................................

********************
** EVENTS PREVIEW **
********************

The week gets off to a slow start in terms of both scheduled data and events, with the spectre of the imminent US imposition of a further $200 Bln of tariffs likely to overshadow all other items. Statistically there are the Indonesia and Singapore Trade and UK Visa Consumer Spending data to digest, with the US NY Fed Manufacturing survey the only item of significance. On the events side of the equation, ECB's ever thoughtful Coeure speaks, while the EU publishes its latest crop report which will underline just how badly many grain crops have been damaged by the harsh winter and blistering summer, even if some fruit crops have benefitted from this year's weather. Outside of the ongoing EM concerns, credit markets are facing another busy eek for new issuance, with $25 to 30 Bln expected in USD IG issuance to take the month to date volume well over $100 Bln, while a big week is also seen for USD HY sales, according to some estimates as much as $8.0 Bln.

** U.S.A. - Sept NY Fed Manufacturing **
- This week's NY & Philly Fed surveys are seen moving in opposite directions, reversing August's strength and weakness respectively, though in both cases still signalling continued underlying sector strength, which should be keep in mind given the army of doomsters, whose very raison d'etre appears to be to talk the US into a recession post haste. The consensus looks for a dip to 23.0 from August's 25.6, with the survey likely to reprise familiar themes, namely that demand remains strong, but could easily be derailed by Trump's trade 'policies' ('tantrums' would be a more appropriate epithet). Of particular interest will be Prices Paid (last a lofty 45.2 vs. prior 42.7 - see chart).

From Marc Ostwald

 

[Dentalfloss]

A quick look at the Dax

 

[Dentalfloss]

Gives us an indecation of where we are

possibly in some support /pivot area /purple

 

[Dentalfloss]

trend is down...will it get supported or carry on down..??

 

[Dentalfloss]

close up

 

[Dentalfloss]

prev supp area 12080..ish
pivot/purple 12030 area
minor bounce at 12050
12100 horizontal rez/not marked

 

[Dentalfloss]

P/F

 

[Dentalfloss]

should be decent supp around 12020-12035 area
if it gets there

 

[Dentalfloss]

scalp from our red

 

[Dentalfloss]

zip
straight into our 12035 supp area

 

[Dentalfloss]

and bounce

 

[Dentalfloss]

lining up