Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,658
Interesting end take, stocks are rising because cash is becoming worthless due to "brrrrrrrrrrrrr printing" so basically we're seeing inflation in the market, that actually does make sense
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Interesting end take, stocks are rising because cash is becoming worthless due to "brrrrrrrrrrrrr printing" so basically we're seeing inflation in the market, that actually does make sense
I've not had the time to participate lately due to work but keeping an eye on the markets.
Here's what I see on the FTSE100.
For me, I think we may see a little more upward movement but the resistance is there to keep it in check..the current channel is limited and the mid-line holds a lot of activity so far.
We're also very close to a Fib retracement resistance level from the big move we've seen from March therefore I think we won't see much past 5900.
I've made some poorly time investments a few weeks ago so will look to try and close them with a small profit if we can just get another bull day.
It seems the consensus is the market is going to fall but it still defies them all! Perhaps this is from investment of profits the hedge funds have made or perhaps closing of short positions propping up the bottom...who knows!
Here's what I see on the FTSE100.
For me, I think we may see a little more upward movement but the resistance is there to keep it in check..the current channel is limited and the mid-line holds a lot of activity so far.
We're also very close to a Fib retracement resistance level from the big move we've seen from March therefore I think we won't see much past 5900.
I've made some poorly time investments a few weeks ago so will look to try and close them with a small profit if we can just get another bull day.
It seems the consensus is the market is going to fall but it still defies them all! Perhaps this is from investment of profits the hedge funds have made or perhaps closing of short positions propping up the bottom...who knows!
I am still holding off buying anything, as I think the aftermath of the virus will be terrible. and worse than the virus itself. I do wish I'd bought at the time when I thought to myself: "ok now that's low", but my bad I missed it, lesson learnt to trust my instincts more and now I do not want to invest when there is a real chance it will fall again when the virus is over and the impact of all of this disruption, unemployment and government spending is felt. I think it's going to be recession time and reduced living standards for millions worldwide.
Associate
- Joined
- 7 Sep 2014
- Posts
- 1,167
It's a difficult one to predict, I'm split about what will happen at the end of all this. For me the big questions is how successful the furlough sponsoring and business support packages have been at protecting jobs and just how much that is likely to cost. This feels different from a financial crash, it doesn't have an undertone of some economic readjustment being needed, and honestly part of me can see (like the mortgage 'holidays') just a small long time adjustment on our personal / corporate tax overhead of a few percentage for the next decade. Weridly consumer confidence doesn't seem to be massively effected, (anidotal I know) but most seem to want to resume spending so the demand signal is still there..... I've just got a sense (like the rest of this madness that is 2020) that it isn't going to be the big gloop of misery most seem to expect..
I've not had the time to participate lately due to work but keeping an eye on the markets.
Here's what I see on the FTSE100.
For me, I think we may see a little more upward movement but the resistance is there to keep it in check..the current channel is limited and the mid-line holds a lot of activity so far.
We're also very close to a Fib retracement resistance level from the big move we've seen from March therefore I think we won't see much past 5900.
I've made some poorly time investments a few weeks ago so will look to try and close them with a small profit if we can just get another bull day.
It seems the consensus is the market is going to fall but it still defies them all! Perhaps this is from investment of profits the hedge funds have made or perhaps closing of short positions propping up the bottom...who knows!
I think theres an upside down donkey schlongle bouncing off the pendant of bananaman. TARGET spy 330 but maybe a double humungo bottom is in play.
https://seekingalpha.com/article/59187-why-technical-analysis-is-nonsense
Sorry, just teasing, but still..
I'm not saying there isn't a lot of BS out there in terms of technical analysis, but I'm struggling to take anyone who refers to themselves in the third person as The Prince seriously...
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,658
https://techcrunch.com/2020/04/13/s...om-vision-fund-wework-and-oneweb-investments/
Ouch, that's quite the loss
Ouch, that's quite the loss
I think it's fair to say that technical analysis in stock trading will only work in some cases, but there are people that trade on technical analysis therefore it is folly to ignore it. It's another tool to use.
I used to trade FX many years ago and therefore technical analysis comes naturally and is always interesting to see where things 'may' go, but yes fundamentals are the priority drivers.
You can use technical analysis to gauge the FX market and look at the dollar index which has a direct relationship with the value of gold which people trade on technicals (as well as fundamentals) which causes cash flows in and out which end up back in or out of the stocks....
Yeah
You referred someone or you were referred?
Right now the best TA is following twitter...
Not as far as I'm aware. I signed up thinking I need to add a code after. But I think you had to sign up through a link?
That wasn't a bad shout, up 25% this morning.
Soldato
- Joined
- 25 Mar 2004
- Posts
- 15,978
- Location
- Fareham
Yes, especially as everyone needs to carry on paying them, can't cancel breakdown cover in case it's needed. They must be having a field day with hardly any accidents on the roads.
Still think there’s room to grow with AA, but nobody ever lost by making a profit so if you got in, be pleased with your gains and lock them in. I think it probably has room to grow, but when a share gets a great deal of attention I get nervous...
Target around 30-32p then out, but I might get cold feet before then...
Target around 30-32p then out, but I might get cold feet before then...