International markets traders banter

[Joules MM1]

Having a go and holding over the weekend by the looks!

I like the S&P trade, if you were going to have a go at holding anything over the weekend I think that one shaped up quite well.

The question is what SIZE J?

Final #SPX #MOC Imbalance is $1907 Mil to BUY

, ex BarCap

amongst many....they were giving "it" a go ...i was merely tagging along

 

[CanOz]

Now that we've got the gap firmly in place, we've got a nice reference area. A break back below 2900 that is persistent says the short covering is over...Will we just drift until the vote though? We're smack in the value area though, any move up and through 3100 would be very bullish. Frankly, I'm just not feeling that bullish!

 

[kid hustlr]

Nice charts Can.

Feels like the market has run it's race and its now just going to flop around until the vote. I view recent action as bullish but my underlying view for the past several months has been US/Euro markets are going higher.

Trading plan for tonight I'm still unsure.

 

[CanOz]

Nice charts Can.

Feels like the market has run it's race and its now just going to flop around until the vote. I view recent action as bullish but my underlying view for the past several months has been US/Euro markets are going higher.

Trading plan for tonight I'm still unsure.

My guess is something like this...

I reckon we might grind higher and then lots of volitility while the vote is being counted (our Friday late morning until late afternoon) and every little rumor sparks a flurry of sweeps as the lack of liquidity plays with the market makers heads....

Then, the vote is announced, its majority to stay in the EU, we spike higher and then resume the sell off....

 

[Joules MM1]

brexit ......no one cares .....they just dont.......the media and retail, on the other hand, well, let's get busy, huh!

due to watching CanOz top repost of a top strike i missed the entry .....was worth it!

https://twitter.com/i/videos/tweet/745433607297208320 thanks, S

 

[CanOz]

brexit ......no one cares .....they just dont.......the media and retail, on the other hand, well, let's get busy, huh!

due to watching CanOz top repost of a top strike i missed the entry .....was worth it!

https://twitter.com/i/videos/tweet/745433607297208320 thanks, S

View attachment 67172

Go Argentina!

 

[rvm]

Agree - nobody cares about brexit. Charts are indicating downside for USD and markets look they would go parabolic in couple weeks. SPX shorts are toast. If Britain chooses to stay, I expect a short-term relief rally which will squeeze out the shorts, though Europe's problems remain.

From my commsec one report yesterday -
For the UK, the vote will have a raft of consequences. Businesses and consumers in the UK will have to adjust to the decision whichever way it goes. The UK Treasury warns a vote to exit would cause a year-long recession, but private sector economists doubt this. For consumers and businesses here in Australia and in other parts of the world, life will go on, they will continue to spend, invest, travel, trade and hire new workers, and no doubt they will start focussing on the next ‘event’ such as the US election in November.

-- Just watch for some 'red october' headline in few months. I predicted this here first

 

[kid hustlr]

Market Profile Pic below.

Is this profile common for a market which is shifting higher or can this be viewed as 'divergence' (for lack of a better term) as the market moves higher with value areas having less trade?

My gut feel is its just a function of a natural bullish market (how can there be volume there if it hasn't traded there) but figured I'd ask the question.

 

[kid hustlr]

All things considered I think the FTSE chart fought back pretty well compared to most.

Weak GBP assists exporters I guess?

 

[cynic]

All things considered I think the FTSE chart fought back pretty well compared to most.

Weak GBP assists exporters I guess?

My guess is central bank interventions.

 

[CanOz]

My guess is central bank interventions.

Nah, a weak GBP has to drive some interest in exporters....plus Carney hasn't allot left to be spending on equity market saves....

There are some interesting scenarios now....wish I had time to write and discuss....the GBP might not end up looking to bad as a reflection of choices in the eu region....

 

[skc]

All things considered I think the FTSE chart fought back pretty well compared to most.

Weak GBP assists exporters I guess?

Yes it was a remarkable come back.... it came back to the point that it was not even a 3 day low. It felt like a no brainer short at ~6200 (I was asleep by then).

I think the UK market is in denial and still doesn't know what's hit it.

A LOT of trade and investments will freeze in the face of uncertainty. Who's going to put money into UK when the currency can have a 10-15% range in months, while accessible markets can potentially change from the whole EU to just UK (or even just England).

The numbers will start to show in the next quarter or two, and the market will price in a recession in good time.

 

[kid hustlr]

Yes it was a remarkable come back.... it came back to the point that it was not even a 3 day low. It felt like a no brainer short at ~6200 (I was asleep by then).

I think the UK market is in denial and still doesn't know what's hit it.

A LOT of trade and investments will freeze in the face of uncertainty. Who's going to put money into UK when the currency can have a 10-15% range in months, while accessible markets can potentially change from the whole EU to just UK (or even just England).

The numbers will start to show in the next quarter or two, and the market will price in a recession in good time.

Yep - Agreed we've still go to sell rallies but the turn around was quite significant. That being said with GBP -10% and FTSE -8%, overseas fund managers are getting stock a heck of a lot cheaper than they were 24 hours earlier. If they liked them then they must love them now!

 

[Joules MM1]

mondays

Of the 17 times the S&P futures or SPY gapped down 3%, the best results were from the open to 4 days later, up 14 times avg 6.5%.

 

[kid hustlr]

mondays

What's the definition of a gap? is it simply an opening price different to the closing price or is it an opening price outside of yesterdays range??

 

[notting]

FTSE futures down over 4%!

 

[notting]

Yes it was a remarkable come back.... it came back to the point that it was not even a 3 day low. It felt like a no brainer short at ~6200 (I was asleep by then).

I think the UK market is in denial and still doesn't know what's hit it.

A LOT of trade and investments will freeze in the face of uncertainty. Who's going to put money into UK when the currency can have a 10-15% range in months, while accessible markets can potentially change from the whole EU to just UK (or even just England).

FTSE headline number can be deceptive.
It is a market that is dominated by defensive nature stocks. If you look at the financials in isoation and other sectors like materials you see plenty of double digit decemation.

 

[cynic]

Nah, a weak GBP has to drive some interest in exporters....plus Carney hasn't allot left to be spending on equity market saves....

There are some interesting scenarios now....wish I had time to write and discuss....the GBP might not end up looking to bad as a reflection of choices in the eu region....

Did you notice the SNB activity on that day?

 

[CanOz]

Did you notice the SNB activity on that day?

Yeah, i figured that and the Yen might attract some attention. The Yen might get some love this week. I don't expect much in the way of the GBP or equity markets tho...

 

[Joules MM1]

What's the definition of a gap? is it simply an opening price different to the closing price or is it an opening price outside of yesterdays range??

yes and yes ......plus all the rest