35854 replies to this topic

[Plasma]

Ai...missing all the action....had a quick glimpse of posts etc. No position....

[Argento]

S&P futures now 1738/9 would that not take our T40 F's a bit further down than current?

??

40500 (J200) is strong support..with this market any red does not last long!

 

A

[Sunesis]

I'm with Jakes on sticking to the longside...S&P futures were flat yesterday and we ran up 0.7%..!

 

My feeling is they going to drop to the previous high around 1733ish and consolidate there, they broke out of that wedge I posted yesterday that is quite bullish!

 

A

S&P 1720-30 should be good demand areas with a 1700 stop. Keep your longs

 

Today GSK will report, it might affect Aspen.

 

We have China PMI tomorrow morning.

 

We have a flood of companies reporting tomorrow:

 

Amazon.com US Q3 Trade

Coca-Cola Enterprises US Q3 Trade

Ford Motor Co Q3 Trade

Microsoft US Q1 Trade

Unilever UK H1

 

The big one is on Monday 'Apple'

 

Risk takers keep you longs

[OceanWalz]

I'm with Jakes on sticking to the longside...S&P futures were flat yesterday and we ran up 0.7%..!

 

My feeling is they going to drop to the previous high around 1733ish and consolidate there, they broke out of that wedge I posted yesterday that is quite bullish!

 

A

S&P futures now 1738/9 would that not take our T40 F's a bit further down than current?

??

[Argento]

Only thing Im worried about Jakes is that the SP500 is in a very bearish short term setup 3-5 days.

5 consecutive up days always produce a sell off..Actually it is a 4 up days that produces a selloff..its overextended at the moment

I'm with Jakes on sticking to the longside...S&P futures were flat yesterday and we ran up 0.7%..!

 

My feeling is they going to drop to the previous high around 1733ish and consolidate there, they broke out of that wedge I posted yesterday that is quite bullish!

 

A

[Sunesis]

I'm long @ 40600

And will keep it for a while, we might drop further, but will eventually just rally to new highs

Good money management is best for this type of trades.

Stress free.

[Beorn]

I'm long @ 40600

And will keep it for a while, we might drop further, but will eventually just rally to new highs

[Sunesis]

BHP was resposible for 44% of the long move yesterday.

 

Its still supporting the market today.

 

Anglo, SAB,Richemont are also lending support.

 

We just need some big names to come to the party.

 

Naspers

MTN

Sasol

Standard Bank

FirstRand

 

Its fair to say our market is well diversified.

 

[Argento]

Back in long too!

 

A

[Beorn]

If we reach +- 40500, I am going to start buying.

[Sunesis]

Bought 1st dip 40366

[Sunesis]

British American Tobacco missed estimates, that is the big boy in the Alsi, so we should be red today.

But with all this euphoria in the market, who knows, it might even be bid up.

Chinese bank default rumours send jitters through the market

 

China’s biggest banks tripled the amount of bad loans written off in the first half of the year, cleaning up their books ahead of what may be a fresh wave of default.

The news has been out for a while but took a little while to filter through, fuelling the rumour mill and exacerbated by stop- loss selling/ profit taking as markets have been caught on the wrong side.

 

All the risk currencies are down GBP, AUD,NZD and also ZAR

 

One thing i know is we need a correction, but corrections don't happen in October to December months. Hedge Funds need to push the market up so they can have a good portfolio end of March.

 

[K~~]

British American Tobacco missed estimates, that is the big boy in the Alsi, so we should be red today.

But with all this euphoria in the market, who knows, it might even be bid up.

 

We should consolidate today. If we stay above 40200 she could go up again, below that and a deeper pullback may ensue..

[Beorn]

British American Tobacco missed estimates, that is the big boy in the Alsi, so we should be red today.

But with all this euphoria in the market, who knows, it might even be bid up.

[Sunesis]

 

MACD Histogram:  Above zero.  Positive

MACD: Above  zero and Positive.

RSI.9  is at 70.7.  touching Overbought.

Stochastic.  98.6.  Overbought to the extreme.

CCI.14:  +146.6.  Overbought

Money Flow: 61.4.  Positive.  Possible negative divergence

 

Should end its run from the 9october at 1759 and is also at the top of it Bollinger band  and a 0.382 retracement to 1707.52 is definately on the cards

 

We still on the way to 41000 with an entry point as well on the same chart I posted on the 4th October.

For tomorrow we probably see a pullback on profit taking of around 200 points but only after we visit 40600 again 

 

Chubby, welcome back.

The market is boring now. The higher it goes, the more difficult to trade it.

Everyday gets risker.

 

Its reached a point were nobody knows what to do.

Especially if you are a day trader who has a daily target.

 

BHP was the cause of 44% of the whole move, one company moved the whole index.

[Olymphia]

MACD Histogram:  Above zero.  PositiveMACD: Above  zero and Positive.RSI.9  is at 70.7.  touching Overbought.Stochastic.  98.6.  Overbought to the extreme.CCI.14:  +146.6.  OverboughtMoney Flow: 61.4.  Positive.  Possible negative divergence Should end its run from the 9october at 1759 and is also at the top of it Bollinger band  and a 0.382 retracement to 1707.52 is definately on the cards We still on the way to 41000 with an entry point as well on the same chart I posted on the 4th October.For tomorrow we probably see a pullback on profit taking of around 200 points but only after we visit 40600 again

MACD Histogram:  Above zero.  PositiveMACD: Above  zero and Positive.RSI.9  is at 70.7.  touching Overbought.Stochastic.  98.6.  Overbought to the extreme.CCI.14:  +146.6.  OverboughtMoney Flow: 61.4.  Positive.  Possible negative divergence Should end its run from the 9october at 1759 and is also at the top of it Bollinger band  and a 0.382 retracement to 1707.52 is definately on the cards We still on the way to 41000 with an entry point as well on the same chart I posted on the 4th October.For tomorrow we probably see a pullback on profit taking of around 200 points but only after we visit 40600 again

Chubby

U alive welcome back.

We missed u.

O

MACD Histogram:  Above zero.  PositiveMACD: Above  zero and Positive.RSI.9  is at 70.7.  touching Overbought.Stochastic.  98.6.  Overbought to the extreme.CCI.14:  +146.6.  OverboughtMoney Flow: 61.4.  Positive.  Possible negative divergence Should end its run from the 9october at 1759 and is also at the top of it Bollinger band  and a 0.382 retracement to 1707.52 is definately on the cards We still on the way to 41000 with an entry point as well on the same chart I posted on the 4th October.For tomorrow we probably see a pullback on profit taking of around 200 points but only after we visit 40600 again

[JBlack]

Sunesis there was other traders on this forum before allso with good advice making brilliant calls and then they disappear.Why because their arrogance got the better of them.

Sometimes those traders might be a tad busy Bear or they may be working out on new trading strategies. Its a bit tough to out them like that

Agreed. Just because u r not posting regularly doesn't mean u r off licking wounds...

[Beorn]

We are most likely in QE infinite, if the FED is waiting for good econ data to start tapering, they are going to wait a very long time, because QE is not improving the econ, only equity markets.

[HendrikB]

Why are gold shares jumping. Why is Anglogold up 8 percent today? After I sold it at a loss last week.

 

easy. gold is up.

[joker]

Why are gold shares jumping. Why is Anglogold up 8 percent today? After I sold it at a loss last week.