International Index Trading
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wayneL
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Massive decrease in pay-rolls...Dow puts on a 100
LOL
LOL
Massive decrease in pay-rolls...Dow puts on a 100
LOL
well futs 40 up pre-open - could even do 13,500 on cash tonight - only 220 away now and has been range-bound the last two days. Microsoft, Yahoo, Reuters, RIO, BHP all in corporate action rumours pre-open
wayneL
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Yahoo up 16% in after hours
BHP up 2.5%
wayneL
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Reuters up 23% pre market.
crap number on a reduced target... 88k v's 100k
I see UBS had to close a US entity (hedge fund) due to mortgage loses - only opened a couple of years ago, if that, -$300m. at least they're cutting the loser quickly I guess
so 200 pt rise then? or 300?
I see UBS had to close a US entity (hedge fund) due to mortgage loses - only opened a couple of years ago, if that, -$300m. at least they're cutting the loser quickly I guess
so 200 pt rise then? or 300?
CanOz
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This going to be another "no brainer" fade off the opening spike down? Still just watching this, not game to par take.
Cheers,
Cheers,
long term but probably worth keeping an eye on - haven't bothered trying to put a count on it, could be an extended 5 on the last rise, not too fused to be honest. good enough to put a short on tho imo
short worked out OK - gapped filled too. guess we're just waiting for the FOMC now....
wayneL
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zzzzzzzzzzzzzzzzzzzz
% held, more upage.
Give us 500 points down just to wake us all up again.
% held, more upage.
Give us 500 points down just to wake us all up again.
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Wake up Jeff! (Wayne) or you will miss the 'correction'. Only 500 points?
The interesting feature of the DJIA chart above is the slope or angle of the advance. Before the correction in March the market was predictable to the point of rounding over, then come the correction it takes off at an even greater rate yet the fundamentals have been slowly getting more worse than the period before the correction eg GDP, housing, auto's recessions etc.
The current advance angle is on track for an anualised return approaching 90%. Maybe this is the blow-off top formation? Sure looks like a head & shoulders forming to me.
or you will miss the 'correction'. Only 500 points?The interesting feature of the DJIA chart above is the slope or angle of the advance. Before the correction in March the market was predictable to the point of rounding over, then come the correction it takes off at an even greater rate yet the fundamentals have been slowly getting more worse than the period before the correction eg GDP, housing, auto's recessions etc.
The current advance angle is on track for an anualised return approaching 90%. Maybe this is the blow-off top formation? Sure looks like a head & shoulders forming to me.
wayneL
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5000 would certainly be more interesting (and fun
) but 500 would at least relieve the monotony ...and remind us what volatility is again. (I've forgotten, what is it?)lol Wayne - its getting a bit like that eh!
this guy has had impressive results the last year or so and is now looking to trim his longs... all Dow again I'm afraid but hey ho
"Before we continue with our commentary, let us do an update on the two most recent signals in our DJIA Timing System: 1st signal entered: 50% long position on September 7th at 11,385, giving us a gain of 1,879.62 points
2nd signal entered: Additional 50% long position on September 25th at 11,505 giving us a gain of 1,759.62 points
As discussed earlier, the Dow Industrials has now risen during 23 out of the last 26 trading sessions - extending a winning streak that had been unprecedented since the May 31, 1955 to July 6, 1955 winning streak. From the March 28, 2007 close to last Friday's close, the Dow has risen 7.8%. While this is short of the 10% rise during the streak in the summer of 1955, this is still impressive nonetheless. More impressively, however, is the fact that the latest streak has now surpassed the streak in the summer of 1955 in terms of up closes - and is now in fact the longest winning streak since the July 1, 1927 to August 2, 1927 streak - when the Dow rose for 24 trading sessions out of the last 27 sessions. In terms of magnitude, the Dow also managed to rise 11.6% during the summer 1927 streak. Following is a daily chart of the Dow Industrials during the last such "winning streak" in the summer of 1927:
Because of the current overbought condition, it makes plenty of sense to trim down our 100% long position in our DJIA Timing System as a tactical measure - even though in the longer-run (over the next three to four months), the bull market in U.S. stocks still remains intact. As we discussed in our latest mid-week commentary, this author will most likely trim our position if either of the following occurs:
this guy has had impressive results the last year or so and is now looking to trim his longs... all Dow again I'm afraid but hey ho
"Before we continue with our commentary, let us do an update on the two most recent signals in our DJIA Timing System: 1st signal entered: 50% long position on September 7th at 11,385, giving us a gain of 1,879.62 points
2nd signal entered: Additional 50% long position on September 25th at 11,505 giving us a gain of 1,759.62 points
As discussed earlier, the Dow Industrials has now risen during 23 out of the last 26 trading sessions - extending a winning streak that had been unprecedented since the May 31, 1955 to July 6, 1955 winning streak. From the March 28, 2007 close to last Friday's close, the Dow has risen 7.8%. While this is short of the 10% rise during the streak in the summer of 1955, this is still impressive nonetheless. More impressively, however, is the fact that the latest streak has now surpassed the streak in the summer of 1955 in terms of up closes - and is now in fact the longest winning streak since the July 1, 1927 to August 2, 1927 streak - when the Dow rose for 24 trading sessions out of the last 27 sessions. In terms of magnitude, the Dow also managed to rise 11.6% during the summer 1927 streak. Following is a daily chart of the Dow Industrials during the last such "winning streak" in the summer of 1927:
- A one-day rally of over 200 points in the Dow Industrials either today or this Friday;
- A one-day reading of over 200 in the ISE Sentiment Index either today, this Friday, or anytime over the next week or so.
professor_frink
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CanOz
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Bounced off your S1 like clockwork...was that yesterdays Pivots and do you use a standard calc for them?
Cheers,
Cheers,
professor_frink
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That's just the standard daily pivot calc. For the Hang Seng, I don't really take that many trades solely based off pivots, but have them there as a general guide anyway. Always got to be careful the you don't jump in and buy what looks to be support too quickly on this thing- If it starts another leg down, then money can be lost very, very quickly
CanOz
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That's just the standard daily pivot calc. For the Hang Seng, I don't really take that many trades solely based off pivots, but have them there as a general guide anyway. Always got to be careful the you don't jump in and buy what looks to be support too quickly on this thing- If it starts another leg down, then money can be lost very, very quickly
Would dream of even attempting the HS. Do you trade it EOD or just ID? I'm sure you've said this before somewhere.
Cheers,
