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Index Trading, xjo, dow, dax, ftse
early birds
post Posted: Today, 12:03 PM
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https://www.cnbc.com/2020/05/29/trump-takin...-hong-kong.html

I am directing my administration to begin the process of eliminating policy exemptions that give Hong Kong different and special treatment, Trump said during a Rose Garden event at the White House.

My announcement today will affect the full range of agreements that we have with Hong Kong, from our extradition treaty, to our export controls and technologies, Trump said. We will take action to revoke Hong Kongs preferential treatment as a separate customs and travel territory from the rest of China.

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market took this news well, and it seems not worse than they thought!! cool.gif

trumpie want to do this long ago------he can get more tax dollar from HK.
it's "chinks vs chinks" what hell is he care??? weirdsmiley.gif poor HK people will suffer!!

back to markets

asx200 will rally again when monday comes. i suspect it will reach 6000ish next week.IMHO. hold on tight for the ride!!

i had few longs for h share index [it cost little to hold them] .






Said 'Thanks' for this post: tombeet  
 
early birds
post Posted: Yesterday, 10:37 AM
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In Reply To: early birds's post @ Apr 17 2020, 11:29 AM

my last post says hit through 5500 then target 5800---6000 for asx200

now it is at 5800ish

the run up with US market is with flood of money supply , not economy. so seems that market will cool down, that might drag asx200 little lower from current level

my short term target for s&p is 2890 if not hold there then 2750 is the support.

as for asx200 5525ish is the big support. if it goes to there it will drag down mainly by the miners ---IMHO



 
early birds
post Posted: Apr 17 2020, 11:29 AM
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In Reply To: joules mm1's post @ Apr 17 2020, 11:14 AM

wish you could posted this yesterday, when we needed most.

anyway, it's better than nothing. thanks anyway!!

now that asx200 is firmly above 5500---the key level. the next target should be 5800ish then 6000. IMHO



 
joules mm1
post Posted: Apr 17 2020, 11:14 AM
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$spx
simple ABC is my main focus, the overnight cash-implied front month cfd has already achieved the target and holding the level, that suggests we're going to go a lot higher
here's the cash hours view
https://www.tradingview.com/x/iCLbT3cH/



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
early birds
post Posted: Apr 17 2020, 10:29 AM
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https://www.cnbc.com/2020/04/16/sp-500-etf-...oronavirus.html

thought this drug been tested in china earlier when virus breakout in china. human trail been done in there now. so FDA have enough data to prove this drug can cure the virus?? unsure.gif
hope it works, so we all can get out of prison cell.......



 
henrietta
post Posted: Apr 16 2020, 04:34 PM
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In Reply To: joules mm1's post @ Apr 16 2020, 12:15 PM

Ah finally I have worked it out ! I knew it meant not adding to a losing position, but couldn't make the saying make sense , until it hit me .....

The first "losers" are people, the second "losers" are positions !!

Told you I was a bear of little brain . biggrin.gif

Cheers
J



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"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 

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early birds
post Posted: Apr 16 2020, 04:17 PM
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In Reply To: joules mm1's post @ Apr 16 2020, 12:15 PM

my shorts on SPX still in the money [2799]
what should i do close it out on 2799 if it hit tonight or hold it?? unsure.gif
i don't have bias , only try to make a buck here and there., seems SPX wouldn't drop down over 2750, still have two session to go to weekend.

if you can provide some TA support that would be great!! tongue.gif



 
joules mm1
post Posted: Apr 16 2020, 12:15 PM
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remember the BB's rule of thumbs

"losers average losers"

PTJ

if your short-sell-the-dip idea doesnt keep dipping then dont add to the non-dipping-bid
“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.”
George Soros




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

Said 'Thanks' for this post: early birds  
 
early birds
post Posted: Apr 15 2020, 09:01 PM
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In Reply To: joules mm1's post @ Apr 15 2020, 06:30 PM

it failed to close it above 5500 for the cash market. a really bearish sign to me.
we might see major market have some sorta down ward pressure next two session [[ to the weekend].

take some profit if one in the long position this far. take shorts if you are a aggressive trader like me[ more of mug trader i guess blush.gif ]

shorted SPX this far. see how it goes.... think it will pay me on Friday..



 
joules mm1
post Posted: Apr 15 2020, 06:30 PM
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#bullish
Business News
April 15, 2020 / 1:28 PM / Updated 5 hours ago
Australia consumer sentiment collapses to 30-year low on recession risks
Swati Pandey
https://www.reuters.com/article/us-australi..._source=twitter





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
 


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