What an open! I had a 20 point stop on my long 7007.5, I added at 6994.5 with a 10 point stop (being greedy). First position got taken out by 1 point! Second position survived by 2 points! So now long at 6994.5
Probably one of the most important issues for the Fed was transparency, regarding rate increases. Will that continue for the foreseeable future? Probably yes but even if they do raise is the risk is that they overshoot their objective.
My belief (gut feeling) is very slim but what I am getting at is they also said inflation would noticeable increase in 2018. Without that confirmation there guide is looking a bit wrong. That was all I was saying. Even if they do rise, they would need to wait a while for confirmation that growth is still on track. As they head further down the curve, will it become harder to predict. Absolutely.
the downside has been clear here for some time imvho....
If you see good trade take it......
Aryton Senna the late legendary F1 driver, was once asked in a interview after a series of collisions in races......if he was too aggressive in he's style, and maybe he should change the way he races...
To which Senna replied"If i see an opportunity to overtake....and i see a gap to get in front, and i don't take that gap, it means i'm not a driver anymore...."
I think the same logic applies to trading imvho....
VOD is in its 185-235 trading range which has largely held since 2013.
Weekly RSI/MACD readings are not yet at extremes relative to prior lows, so there's scope for this to carry on down to the 185 area. A break below this would be quite bearish. http://screencast.com/t/qURhEtzke
Anyone got any idea whats going on with the company? I notice the sp has dropped recently from £2.40's odd to below £2 now, very tempting, do not get many chances to buy under £2 and a nice divi too? Any views appreciated.
Back to today!! already 100 beans up!! made plenty beans yesterday too!!
Usually around this time of year The FTSE tends to go up as retail investors top up their ISAs before 5th April and then again afterwards opening new ones.
So why is the market dropping?
Why is the smart money selling, knowing there are buyers out there? Surely better to hang on and let them take the market up as normally happens.
It strikes me that this year they're offloading and we may see a summer time low in the mid 6000s
Has anyone else thought this?
I sold the break of yesterdays low and have a target at S3 (7003) if it gets there it may bounce for the FOMC announcement later on.
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