At an interesting point which will need a gap down and then a fall below 2320 on SandP to give it the boost...the problem is it could all be over by 10am Monday. This index needs careful watching on open as per comment. Also mentioned is a sensible way to trade the Vix for future reference. If you want to trade it 5 times a year put a buy order in at 10.9, or 10.7...
S and P closed on iits lows. Global Dow in tailspin...gap coming on Tuesday...stay short of all markets and get ready to buy back as Sand P hits 2323. Close down all shorts on Nasdaq, FTSE and Dax at positions at same time. Enjoy the weekend. Or you can stay short and watch the gap on Tuesday which will have opened up by then due to Asian markets tanking on Friday...
Twitter has been one series of unfortunate events followed by another and then another. Does anyone have any hope left for this stock? In which case it's getting close to a speculative buy point
Don't expect this stock to make you rich unless it can break up above that clearly lethal trend line coming down from the top. Whilst trapped within the downtrend this has a look of Twitter, not Facebook
Facebook remains the key to market movements world-wide whilst awake and trading. Only when it goes to sleep do markets move naturally. It has a maximum 50c upside to 140.80 before it falls away again, taking all markets with it.
The Dax index is consolidating recent losses prior to another fall. Still waiting to kill this.
FTSE and Sand P just beginning a counter rally. Get ready to short again from higher levels
Amazon's Trump inspired rally is beginning to unravel. A full-on downtrend is not fully confirmed yet but it's getting there
S and P is trying to hold up at 2336 but the pattern is still bearish and a test of 2322 looks on the cards at some point today. I only have 4 posts today before I hit the limit of 10 downloads per day... So cannot cover all the shorts we have playing out across multiple markets. Dax is going well and should come off back to 12043 but I suggest lowering the stop...
Netflix is one stock that has shown no sign of wavering and whilst it remains within the channel shown on the chart it will remain positive
Nice falling wedge developing today on SandP - much better on 1 minute chart as usual. Looks ok to stay short of this market as downside target has not been met yet at 2337-6. Tokyo isn't going to ride to the rescue, that's for sure
Damn website won't allow anything less than 15 minute charts. Try the 1 minute chart on Facebook if not already doing so...this is far and away the best lead indicator for all markets at present. Note a mini head and shoulders being hammered out here today so far...should try to rally from here again but pattern not good. Once it breaks 139.45 it will flip back...
How low can such a great stock go? Fairly obviously it can still fall back as far as $123 over the next couple of months and still be in a long tem uptrend. It could also travel sideways and keep picking up support from yesterday's lows at 138.8, which would over time eventually clear those overhanging lines of defense/resistance which currently sit from 140.80,...
Bloody Facebook. Unbelievable that this stock should still be holding the world's markets to a weird kind of ransom . But look at the chart. Markets are dancing to Facebook tune. Still.
Dow Global This index won't quit right now and all indexes are temporarily off the danger list as a result. But the break is coming. Once 2664 is broken unleash the bears on all markets and take cover. But not until...
FTSE 100 index is teetering on support at 7354 as this is written. Any break below 7350 should be shorted, as per comment.
Yesterday's price action, despite the rally by dip-buyers, has finally tipped this index into full-on Bear mode for the forseeable future. No panic. We can deal with this.
The Dax index is looking very vulnerable now. Stumbling around like a wounded Bull. The bears can smell blood now and they're coming out to play. It's a great short for this afternoon. Kill it. Dead