UK Stockmarket 2009 and beyond

sabretoothtigger

Unfortunately the trend failure scenario I saw had more to it then I realised.
It'll catch at some point but first it has to go sideways and reform support, etc

The bounce I expected this week has not appeared and probably wont unless USA gdp figures are good somehow

5200 is another big failure, 5150 and 5100 are now figures that should hold in theory

Speculators should step in some point this evening I'd expect, as news is still to come before weekend


The only positive to this gloom is I can use up my short ftse etf to buy hoc or fres if it gets near major support at 550

tradetime

I'm surprised at the continuation also, though that was more because of my personal opinion (based on some conspiracy theories) Technicals were mixed, could still come back from the dead with a close above 080, though we'd have a lot of work to do tomorrow.

Bear Flag on the 65 min is still in play and points to 1040

Silver still sliding which is nice.

sabretoothtigger

I saw Fres actually closed up today by a bit.
This would match the amount of volume history at this price, should fall more sharply if this gloom continues and it loses that support.

Hoc however continued to tumble, now back at the lows of August


I noticed Hardy went up 13% today which is some consolation at least, they are less then half the price they were in autumn still but thats a oil explorer for you.
I think big money sometimes buys up stocks which have already recently fallen as a kind of hedge when the wider market is so uniform otherwise.

Also IG index is up 2% from positive results the other day I guess

tradetime

Yeah STT, noticed that about FRES.L has been falling hard over last few days I think. Not sure whether to get involved in the stock or just add to SLV, more risk the stocks, and they are not really my thing as regards the research required.

tradetime

That's more like it, I just can't see this market being allowed to breakdown. Simple as

tradetime

5200 should now provide resistance for FTSE on this rise. SPX will attract shorts around 090 - 095 area

tonygee_3

Looks like a suckers rally today,DOW going south again.
Did some research and no bargains yet,anyone buying?

sabretoothtigger

Looks like a suckers rally today

A pitstop on the way down. Unfortunately most likely yea but this is hardly much of a rally, I really thought we'd get more upside





Shocking pink is colour of 5 day average price or swing trade bias which is now negative.





A bit of a bounce today but I thought close was quite negative and was below some important resistance. Anything above 5300 or 5200 at least would be hopefully for next week.

I sold an industrial support service stock I bought in Sept to keep me cashflow neutral after buying a bit of banks and gold stock.
I thought about HOC but Im keeping that for a future date and a bigger buy & close of ftse short hedge


Market has been more negative then I expected, i thought more volatility and 5500 would be seen again before we go down but its been clearly down with little hesitation.



Todays strong gdp figures was positive but its also provoked a sharp rally in US Dollar Index, this is above and beyond the already positive trend it has. Unfortunately this is not that great for share value, we had a xmas rally in the dollar like this. Then its made a higher low and is doing similar now.

Im waiting for it to fall back some but its not happening. Gold on the other side of things has gone sideways in its downtrend, next week its going to hit the wall and be forced downwards by this trend.



As always these things can break, if the trend doesnt hold then should be very bullish otherwise I do expect it to fall hence I held off on the silver play.

Its fairly steady ratio to gold I presume means it also goes down though I have no prediction for it to do this (unless it breaks trend, very negative!)

tonygee_3

Tradetime you always seem bullish but are you playing or just happy to observe?
Is kittie on holiday..or has she got tin hat on behind sofa;)

tradetime

US$ index is targeting a measured move to 81 or 82 depending on how aggressive you measure it, not sure if I posted that a while back, comes from a bull flag breakout.
SPX is targeting 1040 from a bear flag (still surprised the magic hands haven't lifted us up)