Fibonacci retracements have worked like a dream of late in the Dow, and they’re currently causing our recent bullishness a bit of trouble. Let’s first of all reproduce the commentary we’ve put out today for the Dow:
“On March 11th we changed our tack on this market, moved out of the bear camp, and backed the bulls in …
We are often asked how we use Fibonacci retracements, and what time frames they are best used on.
Let’s look at the FTSE Futures chart right now to try and give a flavour of how they can help us.
Since last Tuesday (as we suspected, and as was flagged to our clients) we have seen a recovery rally in the …
I have been bearish of this market for a good while now and it’s proved fruitful, but today I am thinking that shorts should be covered.
Why, when the Dow has just printed it’s lowest price since 1997, would I suddenly start to think bullish thoughts?
Because I read the papers and listen to the financial news channels, and upon …
We were asked by a trader today (like we often get asked with respect to Banking Stocks) where a good place to buy Barclays would be? For those looking at this after the event let me briefly set the scene:
Barclays topped out just shy of £8 in February 2007. Last week we hit 47p, and have since bounced, …
If you are a regular reader of our reports, or if you’ve seen me on CNBC any time in the last few months you’ll know that we’re staying right out of the rush to pick a bottom on this equity market sell-off, a rather thankless task that so many people appear to be happy to do. This is how it …
Apologies for not posting any Blogs of late. The current market conditions have made for a busy time at FuturesTechs towers!
I’ve said a few things on today’s reports that don’t usually appear in our comments. Things like this from the Bund report:
“I was around in 1987, and 1992, and September 11th 2001. These were all similarly seismic …
Short Selling, eh? This is a highly contentious issue, of course, but mostly because there is a lack of real understanding about the mechanics of the market, particularly by politicians and churchmen.
Data Explorers is a fine company that I came across a few years back thanks to an introduction from a good friend of mine in the Stock Loan …
Have a look at this “mystery” chart and tell me what you think?
Does anyone think this (whatever it is) is going down any time soon?
Hopefully we’re all thinking the same thing: That it looks very much like something that’s got a bright future, something that’s going up in the world. There doesn’t seem to be too much …
I think i did a reasonable job of explaining it on CNBC this morning (you tell me!!) so instead of babbling on too much here I’ll post the link:
http://www.cnbc.com/id/15840232?video=820121614
To summarise I said that 850 is a MASSIVE support level, and that the weakness to here is a buying opportunity, although if 850 breaks you don’t want to …
We are watching these markets very carefully right now as there is a confluence of events that suggest things may be changing. We don;t often start talking the funny-mentals, and we don’t often worry about relationships between markets, however close they may be. But I’m going to make an exception in this instance.
Price action in Oil is probably tantamount …