Triple Witching
Yep... Freaky Friday
Triple Witching
Good Morning ............what a game last night, Pakistan beat South Africa!!
market will fall initially and then I will look to go long
market has built a support around the 4250 level and we will be trading back above 4300 today
Reason :
1. oil holding steady and remains above $70
2. currencies stable - Euro holding 1.385 and GBp holding 1.625 level
3. VIX is showing weaknes and prducing lower highs & lower lows
4. Nasdaq which is the market leader so S&P is holding 1450-1440 support level really well
5. UK stocks seem to be stabilising and holding suppprt levels .....look at barclays and Legal and genereal for example!!
Chart below is 1 hr month.................downtrend line was broken yesterday!!
I believe we will test the support and then trade back up above 4300
bukowski and raymond carver are my favourite authors. i've never yet found authors that compare in the ability to find beauty and humour in the everyday, sometimes mundane or simplistic raw aspects of human existence.
although john fante comes a very close third.
Hello,
I must admit - Got hammered now. b****d market. Normally it does not go up by 50 points
Triple witching.I have not seen this happen on ftse for more than a year.So i went short at 4350
Down alomost £200 for the day. Bad week for me.
Whoa - carver, fante, bukowski - I sense a trend! read to the tunes of johnny cash, joplin, tom waites...?
hmmm feel sorry for reza he got raped.
short@4355
hmmm feel sorry for reza he got raped.
I was worried about him too ............he was taking a lot of short positions out on the market!!
He hasn't posted today I just hope he is OK?
he is a good trader and he Hedged himself so I don't think he will be worried!!
Thats why i prefer to day trade chaps .............It must be a nightmare at present for swing traders !!
I listened to an interview on Bloomberg the other day and even hedge funds are day trading because they are scared to hold positions long term.........haha!!
read to the tunes of joni mitchell, nick drake and brian eno mainly lapa 😀
Interesting, interesting... I didn't expect nick drake to be in that crowd, then again not overly familiar