International markets traders banter

CanOz · 16 November 2015

Interesting gap down today. We have a Monday gap, that in my experience usually gets filled the same day if not the next, if not by the end of the week. Then we have a global geopolitical event, the Paris attacks. We know from the past that, as horrible and despicable these attacks are, the effect they have on financial markets is not sustained. With this context in the background, we can then look for longs above the session low, in my view.

Actually i wouldn't be surprised if the finance arm if ISIL/IS or whatever is covering their shorts as the markets open....:frown:

Valued · 16 November 2015

CanOz said:
Interesting gap down today. We have a Monday gap, that in my experience usually gets filled the same day if not the next, if not by the end of the week. Then we have a global geopolitical event, the Paris attacks. We know from the past that, as horrible and despicable these attacks are, the effect they have on financial markets is not sustained. With this context in the background, we can then look for longs above the session low, in my view.

Actually i wouldn't be surprised if the finance arm if ISIL/IS or whatever is covering their shorts as the markets open....:frown:

The thing at the back of my mind though is that the markets were already going down prior to the attacks, for a whole week. If the conditions that were causing that are still going to continue, any filling of the gap is also likely to be short lived. I think the assessment you have to make is whether you think the sell off would continue if the Paris attacks did not happen. There are arguments either way.

CanOz · 16 November 2015

Valued said:
The thing at the back of my mind though is that the markets were already going down prior to the attacks, for a whole week. If the conditions that were causing that are still going to continue, any filling of the gap is also likely to be short lived. I think the assessment you have to make is whether you think the sell off would continue if the Paris attacks did not happen. There are arguments either way.

Yeah, too right. There is still a technical argument for shorts that needs to be proved. I'll leave that up to my profiles...

shouldaindex · 16 November 2015

U.S Markets have been pretty much range bound for the past 24 months (Dow Jones 16000 to 18000).

I think technical people would say expect a breakout of similar range.

So if the Fed rise in December, that could give it clear air to pick in a direction (14000 or 20000).

Logique · 17 November 2015

Certainly not easy to predict market action lately. The scenario this guy presents is one possible interpretation.

Why the global market is surprisingly resilient after Paris attacks
http://www.marketwatch.com/story/wh...after-paris-attacks-2015-11-16?dist=countdown
By Joseph Adinolfi Published: Nov 16, 2015

Financial markets have been surprisingly resilient despite Friday’s attacks in Paris. And market strategists think they have an explanation.

Markets have been resilient, several strategists said, because low interest rates and loose monetary conditions in Europe have already depressed investors’ appetite for risk to a surprising degree.

And investors’ increased optimism that the Federal Reserve will raise interest rates at its December policy meeting, has only widened the gulf between the eurozone’s policy outlook and the that in the U.S.

Because of this, risk assets like U.S. and eurozone stocks have sold off so far this month as investors brace for a coming interest rate increase from the Fed, a move many believe will rattle markets.

This has left little room for a further decline, the strategists said...........

CanOz · 19 November 2015

NYSE to eliminate "stop orders" from February

Held at the broker now?

CanOz · 19 November 2015

Lots of bearish wedges around still, i wonder if we'll trap longs on a break of the consolidation just above the current prices...?

cynic · 19 November 2015

CanOz said:
NYSE to eliminate "stop orders" from February

Held at the broker now?

Presumably that would be at the discretion of the broker. I'd expect that some may facilitate the translation of contingent orders into market orders when the stipulated price level is touched.

Valued · 19 November 2015

CanOz said:
NYSE to eliminate "stop orders" from February

Held at the broker now?

I bet the brokers will advertise stop orders as some special feature with new and extra fees...

kid hustlr · 20 November 2015

Really surprised by the stop loss news.

CanOz · 20 November 2015

Divergence between the DAX and Eurostoxx again, we're due for a pullback.

cynic · 20 November 2015

CanOz said:
Divergence between the DAX and Eurostoxx again, we're due for a pullback.

That'd be right! The day after I dump a truckload of short exposure right near the qtr high!

CanOz · 20 November 2015

cynic said:
That'd be right! The day after I dump a truckload of short exposure right near the qtr high!

Might only be a session or two, some pretty good resistance has been crushed lately...i guess it should be good support now.

cynic · 20 November 2015

CanOz said:
Might only be a session or two, some pretty good resistance has been crushed lately...i guess it should be good support now.

I'm actually hoping that you're right and that the market subsequently validates my decision to bail. It would make for a nice change from the usual experience of seeing the market go exactly where I needed it to shortly after conceding defeat.

Trembling Hand · 20 November 2015

CanOz said:
Divergence between the DAX and Eurostoxx again, we're due for a pullback.

There often is because of the different sector weightings. Especially lately with the Yuan, VW, EURO$ & Rates stories effecting different stuff.

CanOz · 20 November 2015

Yes i understand TH, my evidence is only from observations. The CAC and FTSE are also heavily divergent. In my experience continuation is better if they all agree.

cynic · 20 November 2015

Correct me if I am mistaken on this, but I was of the understanding that the DAX is a bit unusual on account of being a price weighted accumulation index.

Trembling Hand · 20 November 2015

cynic said:
Correct me if I am mistaken on this, but I was of the understanding that the DAX is a bit unusual on account of being a price weighted accumulation index.

Thats the DOW

CanOz · 20 November 2015

Trembling Hand said:
There often is because of the different sector weightings. Especially lately with the Yuan, VW, EURO$ & Rates stories effecting different stuff.

View attachment 65056 View attachment 65057

I suppose if I'm going to post the divergences i should test to see if statistically there is any merit to the DAX making a higher high and the others lagging....

I'll put this on the list for my statistician....

cynic · 20 November 2015

Trembling Hand said:
Thats the DOW

Does that mean that the DAX isn't PWI or isn't an accumulation index or both?

International markets traders banter

CanOz

Home runs feel good, but base hits pay bills!

Valued

CanOz

Home runs feel good, but base hits pay bills!

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Logique

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CanOz

Home runs feel good, but base hits pay bills!

CanOz

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CanOz

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Trembling Hand

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cynic

Trembling Hand

Can be found on the bid

CanOz

Home runs feel good, but base hits pay bills!

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