Trading with point and figure

[swissy]

goin back to bed.....gotta stinking cold
catch yu all later

Must be contagious.. also man down... nursing a whisky Mac currently.. cough medicine...cough cough.. this weather.. need to get down under again. lol.

 

[Dentalfloss]

our 20070 rez from yesterday working as supp today

Workin really well

 

[Dentalfloss]

Moneylender....good news for you
london is getting its first Prosecco festival
Friday May 12 for 3 days

 

[Atilla]

Must be contagious.. also man down... nursing a whisky Mac currently.. cough medicine...cough cough.. this weather.. need to get down under again. lol.

Not many people ill down here by the South Coast. It's soooo cold I don't think viruses are able to survive. I don't usually feel the cold and rain's no matter but must confess I felt it today.

It's public transport and mixed crowded areas to avoid I reckon.

 

[swissy]

Not many people ill down here by the South Coast. It's soooo cold I don't think viruses are able to survive. I don't usually feel the cold and rain's no matter but must confess I felt it today.

It's public transport and mixed crowded areas to avoid I reckon.

My kids are living petri dishes...manage to catch everything from school and pass it to me.

Late start today. Ftse... very dull...range bound between 7150 - 80. Cable seems to be unwinding (slowly) to settle at 1.25 sp area. WTI Oil bouncing around 5350 - 54. All in all fairly uninspiring....like the UK weather.

 

[Dentalfloss]

FTSE

 

[Dentalfloss]

DOW over the last week...still a tad bullish
supp goes down to 20050 area

 

[Dentalfloss]

CABLE over the last week
we nailed the top yesterday morning

 

[Dentalfloss]

DAX over the last week
Chronics rez worked a treat

 

[Moneylender]

Morning all, out and about for a few hours today but should be here for Trump time this pm!

 

[Moneylender]

Little light hearted fun as its Friday, Watch the Mexicans train to get over the wall!

 

[Dentalfloss]

oil over the last month

 

[Dentalfloss]

eurusd

 

[Dentalfloss]

a) Q4 GDP - key aspects:

- solid Personal Consumption 2.5% as expected,
- Final Domestic Sales to Domestic Buyers 2.5% follows 2.1% in Q3
- Housing Investment bounces back 10.5% after 2 soft qtrs.
- Business Investment in equipment 1.3% q/q first rise for some time (fits with solid core Durable Goods Orders - see below),

other large contributing factors,
Inventories add 1.0 ppt to Q4 GDP,
Net Exports deduct a whopping 1.7 ppts, more than wiping out 0.9 ppt contribution to Q3 GDP

Eminently some folk may talk of USD drag on exports, even if it is in fact the first quarter since Q4 2015 that Trade deducted from GDP.
Also need to remember that Q4 GDP 1.9% SAAR is at the Fed's trend potential rate, even if some may call it weak
As ever, revisions will probably tell a different story

b) Durable Goods - the headline weakness (-0.4% m/m vs. exp +2.5%) was all down to aircraft as is often the case,
- core orders: ex-Transport 0.5% /m/m as expected, but Nov revised up to 1.0% from 0.6%;
- Non-defence Cap Goods ex-Aircraft was a 'big beat' 0.8% m/m vs. exp. 0.2%, Nov revised up to 1.5% m/m from 0.9%
- Inventories flat m/m, while Shipments were very solid at 1.4% m/m

all in all appears to show that improved Manufacturing and Services surveys have not just been sentiment driven, but backed up by actual orders
from Marc Ostwald

 

[Dentalfloss]

we could get some dollar buying...lets see

 

[Moneylender]

20140 are to 20075 nice run down today!

Where to now??

 

[Dentalfloss]

20140 are to 20075 nice run down today!

Where to now??

bounced off our 20070 area

 

[Moneylender]

bounced off our 20070 area

now in hor res @ 00

 

[Dentalfloss]

now in hor res @ 00

20085 seems to be a minor pivot
needs to stay above 20090..ish

 

[Dentalfloss]

we could get some dollar buying...lets see

we did
eurusd
cable
usdjpy
excellent