Trading with point and figure

[Dentalfloss]

oil rocketing
any reason ??

 

[Dentalfloss]

oil rocketing
any reason ??

takin ftse with it

 

[Dentalfloss]

Saudi..production cut if Iran freezes output

 

[Dentalfloss]

10662-10670 rez area workin well
excellent
6900 on ftse

still workin well

 

[Dentalfloss]

cable..our supp area failed ..it became rez on test....and plummet
excellent

 

[Dentalfloss]

ftse updated
as we said not really bearish

 

[Dentalfloss]

spx over last 2 days
a tad bearish
no downside count established as yet

 

[MichaelJohnFX]

Only really interested in two areas 10547-10571 and 10634-10670.

if FED do as expected, I'm expecting a pump then dump scenario. Will be watching those areas above to do business in.

Areas did not work yesterday.

Area i'm interested in today/monday: 10579-10552

 

[Dentalfloss]

a s yet ..there is no real bearish momentum
2 weeks ago...it came in about 3pm ..ish
clue...watch for break of support...that became rez...2 weeks ago
2170 area break ..then that becomes rez
then down to 2164 area..if that becomes rez ...watch carefully
dax and ftse should follow

 

[Dentalfloss]

dax
our 10633 supp became rez
excellent

 

[Dentalfloss]

dax
our 10633 supp became rez
excellent

still workin

 

[Dentalfloss]

a s yet ..there is no real bearish momentum
2 weeks ago...it came in about 3pm ..ish
clue...watch for break of support...that became rez...2 weeks ago
2170 area break ..then that becomes rez
then down to 2164 area..if that becomes rez ...watch carefully
dax and ftse should follow

zip..straight into our 2170
will that hold ?

 

[Dentalfloss]

bears rinsed on ftse

 

[Dentalfloss]

2170..poss breakdown

 

[Dentalfloss]

spx

an inkling of bearishness

 

[Dentalfloss]

an inkling of a downside count
now in supp
a bad bounce and bears in for A KILL

 

[Dentalfloss]

FTSE..bounce off 6920

 

[Dentalfloss]

10633 an excellent pivot area today

 

[Dentalfloss]

dax over last 48 hours
supp areas marked

bounce from our 10600 area
excellent

 

[Dentalfloss]

Week Ahead: Data, Events & Earnings Preview / Highlights - 26 to 30 September 2016 - ADM ISI

The Week Ahead - Bullet point highlights: 26 to 30 September 2016

- A busier week for economic data features US Durable Goods, Personal Income/PCE, New & Pending Home Sales, Consumer Confidence & Chicago PMI and final Q2 GDP; the latter also features in the UK, which also uses lending & monetary aggregates and Nationwide House Prices; Inflation data from Germany, France, Spain, Italy & Eurozone is due as are German Retail Sales and Unemployment; Japan sees Industrial Production, CPI, & Retail Sales, China has PMIs (Caixin & NBS and Industrial Profits.

- There are no major central bank meetings, but there are an absolute flood of Fed and ECB speakers, and BoE's Forbes is also on hand. The Fed speak will be particularly interesting after Rosengren's unprecedented statement explaining his dissent so quickly after the FOMC decision (see below)

- IEF forum in Algeria forms the focal point for the oil market, though EIA and API inventories will also be closely be watched.

- Govt bond supply sees the US sell 2, 5 & 7-yr, the UK offers £400 Mln I-L 2052, Netherlands EUR 1.25 Bln 2037, Italy sells up to EUR 3.0 Bln total of 2-yr CTZs and I-L 2032 BTPei, as well as an as yet unspecified volume of conventional BTPs, while Germany sells 2-yr and Japan sells 2 and 40-yr.

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

Marc Ostwald
Strategist
ADM Investor Services International