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International Index Trading

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wayneL said:
Santa dropped in?
Click to expand...

Could say that Wayne. It's been one of those nights. 2 losers in 20 trades tonight. Was hoping on a late run like this. Not sure if I'll be game to fade any break down into close though...
 
If that dow chart was a golf shot, I think it would be classed as a total shank.

Looks on the virge of capitulating, but apart from the first 45 minutes, it's been hard to get good entries (well for me anyway), because there just isnt enough strength off the counter rallies to swing off. Which I guess, tells you something.

This is all with good volume too. We'll see if it can get sub 13480 tonight. What a dog of a chart though, there is going to be a bit more pain for people to come I think....
 
Pity I'm too tired to be trading this...

What's interesting to see is the DOW just following the S&P, because the DOW is trading outside of any framework I can see to trade it...

Later on tonight the DOW might test that gap as low as 13350, but I'd say that might be tomorrow's action. Which I think correlates to the SPI gap as low as 6190, which is going to get a good shake I would say within the next few days trading. Of course that means the market has failed to take out the gap down off the highs, so a market wide break down is well and truly now confirmed.
 
Anyone else been getting a good chunk of these break downs?

I'm not sure how much further this has left in it (the dow at least), but the downside target is at 13135. Will see what happens when it gets there.

Whoops... off we go again!!!
 
Well... just as I said all the best r/r trades are done for the day, we get another series of breakdowns. Shorting the DOW on confirmation of a break of daily lows has been the order. I no longer have any downside targets left for this contract. So... well... I guess that says how bad it is.

I'm guessing the dow will finish down about 270 points. Purely based on the S&P 500. It aint going to be pretty at home tomorrow I don't think...
 
Was it just me or did the dow futures just move down about 120-130 points? Wow.
 
i played the short, made a nice sum of $$$, trade news can be very effective.
 
Gents
The reason is a terrible NFP report........

Data Snap: Weak Jobs Report To Fuel Rate Cut Expectations
US Nov Payrolls Revised To +115K From +94K
US Dec Overall Workweek 0.0 Hour To 33.8 Hours
US Dec Manufacturing Payrolls -31K; Svc-Producing +93K
US Dec Average Hourly Earnings +$0.07 To $17.71
US Dec Unemployment Rate 5.0%; Consensus 4.8%
US Dec Nonfarm Payrolls +18K; Consensus +50K

***

Cheers
Reece
 
WOH!!

What was that!!!! 50+ dow points and 7 S&P points lost in a second.

Should have kept my shorts on...

Countrywide Bankruptcy ann?
 
chops_a_must said:
Got a big chunk of that...

Lets see what the PPT can do...
Click to expand...

PPT are overpaid and underworked

If the S&P500 continues to close down on its low and below 1400 we'll have the lowest daily close in about 10 months or so. IMO, technically damaging. A weekly close at this level would be even stronger sign of real technical damage.
 

ROFL. Well... they had their work cut out for them there. I think we'll close on the lows of yesterday. I'm not game to trade that anymore today. Should give me food for the next few weeks/ months/ whatever.

Hmmm... maybe that pivot about 1399 on the S&P.

I kept spruiking earlier that the rejections of the december lows were not good. Did it again tonight. Looks like I was right.

wayneL said:
daytrading is fun
Click to expand...

Ahh mate... earning 20+% on your account value, the majority on one trade, is a bit of an experience. Pity trades like that don't come around too often. Just like stealing candy from a baby tonight... or winning an argument on HC. Had to put my splint in though, felt like I was going to break teeth at one stage.

Going to run a lil into close I think...

P.S. H&S pattern on the SPI will see 600 tested today I think.
 
Nup... continuing to tank into close. Glad I didn't trade it. The intuition was on fire tonight. Lol!
 
a 10min es chart as of now..
enjoy your day
ac
 

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potentially good news for uranium altho no doubt priced in already...?

LONDON (Reuters) - The (British) government gave the go-ahead to a new generation of nuclear power stations on Thursday, setting no limits on nuclear expansion and adding momentum for a worldwide renaissance of atomic energy.
 
Managed to bet on the third place getter in the WA Pacing Cup. But that is the last time I back a Franco, even if it is just the name of a horse.

And then the next race, off the standing start, my horse chucked a Satinova and was left flat footed and refused to move. I hope it's not an omen for tonight's trading for me.

ROFL.
 
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