Dentalfloss
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42.30 hit...our marked rez areamore detail
41.24 excellent supp as we marked
excellent stuff
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Trading with point and figure
- Thread starter Dentalfloss
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41.24 excellent supp as we marked
excellent stuff
Dentalfloss
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our 1.3150 supp area marked...hummer
Dentalfloss
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posted at 8.27 am yesterday
10283 ..ya hummer
Dentalfloss
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there we are...excellent stuffa better chart
posted yesterday morning
Dentalfloss
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dow getting near our 18480 dog zone..lol
Dentalfloss
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10283 supported dax and bulls in..excellent
scalps in and out of that area
scalps in and out of that area
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Dentalfloss
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our 18370-18400 pivot supp area worked well today
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Dentalfloss
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scalp short off oil/wti..our 42.30 rez
stops tightened
stops tightened
Dentalfloss
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The Week Ahead - Bullet point highlights - 1 to 5 August, 2016
- Focal points for the week are clearly Tuesday's expected announcement of the Japan fiscal package, Thursday's Bank of England policy decision and Q3 Inflation Report and Friday's US labour data. China and other final PMIs, US Personal Income/PCE, Auto Sales & Construction Spending', German Factory Orders, a smattering of Fed speak and yet more US & other Corporate Earnings also feature.
- Japan - Fiscal package - said to total JPY 28.0 Trln over three years, though 'only' JPY 7.0 Trln in new fiscal spending, but the question is direct at what? A long history of political 'pork barrel' projects casts a long shadow. Ultimately without changes to Japan's immigration policy (very unlikely), the attritional impact of its very negative demographic trends will continue to undermine any short-/medium-term measures.
- BoE rate decision - Weale's volte face following the PMIs (doubtless exacerbated by the GfK Consumer Confidence) has markets fully discounting a 25 bps rate cut this week, though the benefits to the real economy are likely to be minimal. However with the move fully discounted, no rate cut would be a severe jolt to the UK rate curve. It is unclear what might accompany this in any 'easing package' with a targeted FLS scheme likely to be far more effective than more QE, which would be poison for the Gilt market, and above all pension funds. But again there is clearly insufficient evidence as to where any FLS scheme should be targeted.
- US labour data - after an outsized bounce in June (in part a Verizon strike 'unwind'), Payrolls are seen reverting to their recent average, the Unemployment Rate is expected to drop to 4.8% and as ever Average Earnings to post the usual 0.2% m/m for an unchanged 2.6% y/y. Per se, nothing that should deter the FOMC from hiking rates in September, but there will be another labour report before that meeting.
- Earnings: Aviva, Heineken, HSBC, LinkedIn, Procter & Gamble, Siemens and Tesla are among those due to report quarterly result this week. See also attached US Corporate Earnings schedule.
..........................................................................
Marc Ostwald
Strategist
ADM Investor Services International
- Focal points for the week are clearly Tuesday's expected announcement of the Japan fiscal package, Thursday's Bank of England policy decision and Q3 Inflation Report and Friday's US labour data. China and other final PMIs, US Personal Income/PCE, Auto Sales & Construction Spending', German Factory Orders, a smattering of Fed speak and yet more US & other Corporate Earnings also feature.
- Japan - Fiscal package - said to total JPY 28.0 Trln over three years, though 'only' JPY 7.0 Trln in new fiscal spending, but the question is direct at what? A long history of political 'pork barrel' projects casts a long shadow. Ultimately without changes to Japan's immigration policy (very unlikely), the attritional impact of its very negative demographic trends will continue to undermine any short-/medium-term measures.
- BoE rate decision - Weale's volte face following the PMIs (doubtless exacerbated by the GfK Consumer Confidence) has markets fully discounting a 25 bps rate cut this week, though the benefits to the real economy are likely to be minimal. However with the move fully discounted, no rate cut would be a severe jolt to the UK rate curve. It is unclear what might accompany this in any 'easing package' with a targeted FLS scheme likely to be far more effective than more QE, which would be poison for the Gilt market, and above all pension funds. But again there is clearly insufficient evidence as to where any FLS scheme should be targeted.
- US labour data - after an outsized bounce in June (in part a Verizon strike 'unwind'), Payrolls are seen reverting to their recent average, the Unemployment Rate is expected to drop to 4.8% and as ever Average Earnings to post the usual 0.2% m/m for an unchanged 2.6% y/y. Per se, nothing that should deter the FOMC from hiking rates in September, but there will be another labour report before that meeting.
- Earnings: Aviva, Heineken, HSBC, LinkedIn, Procter & Gamble, Siemens and Tesla are among those due to report quarterly result this week. See also attached US Corporate Earnings schedule.
..........................................................................
Marc Ostwald
Strategist
ADM Investor Services International
Dentalfloss
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start on my first Peroni..
excellent..
excellent..
Moneylender
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Dentalfloss
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bulls got a thump near our 18480..lol
Moneylender
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Aye I was one of the thumpers!:cheesy:
Dentalfloss
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18467...we was ready for ya ..lol
Dentalfloss
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Dentalfloss
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CHAV....yu gotta a ton of rez betwwen 1350 and 15 quid
Dentalfloss
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Looks like its retracing...needs to hold 1220 to 1250 as supp on pullback
If you want to see the relative strength against...say Amazon
That is in a decent uptrend
Look back 2 weeks.
Can be done on stockcharts.com
Better to compare relative strength to a stock in an uptrend ..cos the index/ ftse 100 is a messy chart
If rel strength keeping pace with amzn...then a real hummer
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Dentalfloss
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Dentalfloss
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Dentalfloss
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DOW into the open
bulls need to hold 18390-18416 as supp/green trendline..if that area becomes rez...then bulls losing and a plummet
any decent move upwards needs to have 18455 area
as supp
price in a downtrend but bulls still active
could pp either way
should control DAX and SPX...imho
higher rez is 18480-18500
bulls need to hold 18390-18416 as supp/green trendline..if that area becomes rez...then bulls losing and a plummet
any decent move upwards needs to have 18455 area
as supp
price in a downtrend but bulls still active
could pp either way
should control DAX and SPX...imho
higher rez is 18480-18500
