EU open disappointed, was expecting some catch-up but it didn't happen, US futures also look soft. DOW attempted 3 times to brake 25,920 but couldn't. Not sure what sort of session the US will give but my gut tells me not a good one with the VIX remaining elevated at some 36% above the July average. Still expecting a continuation of the 1st Aug sell-off, however I was anticipating a bit bigger bounce before renewed falls. Edit EU just started to show some life, DAX now +1% and all the others, including FSE, are rising, maybe it won't be such a bad day after all.
Yep, that was an easy trade. Daily is creeping up but I would be cautious. I read today that some Chinese businesses are paying each other in IOU's. That should work well!!
Indeed, stalled at opening then took off, close to getting to my 11,771 expectation. Must lern to go with my initial assessment and don't deviate... wasted 3 long positions when things looked soft, closing them instead of letting target reach.
Hey, what's happening? the gain in the DAX just evaporated Went out for dinner, on return my screen was a sea of red
It came back a little.For me the daily on the DAX is still sitting on the downside. Tonight might give a better indication of longer term direction. I had a 310 point day yesterday so you have to be happy with that. Even the ASX is with worth trading atm.
Nice bounce... you don't ofter see +2% on the US in one session but complacency is dangerous, there is no new factors to justify the rally, just upbeat sentiment and perhaps o/s money flowing into the US, just play it as it is given. The Europeans did participate in the rally but to a lesser extent, taking the weeks performance since Monday's sell-off, EU hasn't even recovered to the point of the sell-off. I think US players are disregarding the new tariffs due to kick-in on the 1st and China's potential retaliation to them, this reality may spoil the party. I has a good session and a good month so far having t/p on some shorts on Mon & Tue and having closed most of the heavy buys of those days y'day and today, +$35.8k in 8 days. My view is that a renewed sell-off will occur by or in Sep and positioning myself for that with several buy orders below 25,417 (DOW) and further closing of shorts below that. I'll also be looking to increase my VIX hedge if the rally continues, possably by a further 1,000 units.
After market US saw a 1% drop (-135 DOW pts). Not sure what's the cause but its continuing Update The sell-off has stibilized at -.75% from closing prices, still no idea on what caused it correction the initial drop was 191pts (DOW)