35854 replies to this topic

[Rulz3]

I don't see anything but down. The market is so weak not even good results from resources and retailers can push it higher. Therefore in my view we are slowly going to drop down down down (over the next few months/year) with a weak bounce here and there.

[BlythZ]

Another opportunity to go short? I have had enough for today, enjoy the ride 

This was going to be another good trade. Oh well we live to trade another day 

[BlythZ]

Another opportunity to go short? I have had enough for today, enjoy the ride 

[BlythZ]

Long 44,353

And out for 100 pips 

[bullsnbears44]

 

Or the third scenario where they just raise the debt ceiling, lower taxes and build more instruments of war. The other scenarios would involve the US admitting they aren't the number 1 power in the world. Don't see that ever happening.

 

The debt ceiling will be raised. The question is how messy will the process be. The House and President put together the last deal with stringent conditions. It won't be a simple case of just raising it.

[Mostlya]

Or the third scenario where they just raise the debt ceiling, lower taxes and build more instruments of war. The other scenarios would involve the US admitting they aren't the number 1 power in the world. Don't see that ever happening.

[Ninja]

Rand strength is reversion to mean... but America has soo many trillions of debt, if they want to pay it off then dollar will have to weaken substantially maybe rand can go to 3 to dollar
Alternatively trump and simply declare America bankrupt and not settle the debt

How far are we from this is the question

[BlythZ]

Long 44,353

[Mostlya]

I find this Rand strength interesting. Any thoughts? General mean reversion playing out perhaps?

[BlythZ]

Fantastic trade well done

Thanks Mostlyabear

[BlythZ]

I am tempted to go long here for a few pips up before we resume going down again 

[Ninja]

Morning boys.... just out of my meeting... glad to see you guys chipping away from early hours... all the way down

[Mostlya]

Closed for 219 pips 

Fantastic trade well done

[BlythZ]

Short 44,627

Closed for 219 pips 

[BlythZ]

Short 44,627

Would be good if we could see 44,250 today 

[BlythZ]

Short 44,627

[Mostlya]

That and tencent is up despite China officials downgrading their growth targets. ES is down nearly 8 points which is pretty much as much as its be down all year as far as I can remember. It's clear the assumption is now the US market will buy each and every dip. A dangerous assumption and clearly a bias.

Weekly MACD crossing over. Historically a sell signal for a couple of weeks to come and usually takes at least 3000 points out of the ALSI. Certainly matches up to the general market narrative. Adding shorts on every bounce here now. Might get burned but such is trading I guess.

[Mostlya]

Premarket up...

 

Coppper production/shortage in China perhaps....

Miners and banks up on the ASX..

That and tencent is up despite China officials downgrading their growth targets. ES is down nearly 8 points which is pretty much as much as its be down all year as far as I can remember. It's clear the assumption is now the US market will buy each and every dip. A dangerous assumption and clearly a bias.