Shares to watch

Froddy · Oct 16, 2020

Watch gold (spot) too.

It's in a volatility squeeze on both the daily and the 4 hour charts, and yesterday was an "inside candle" day which represents indecision.
The price has today broken above yesterday's high, which suggests upward continuation (see chart below).

There are two caveats to be aware of: first, US retail sales data will impact the US$ at 13.30 today; secondly, today is monthly and weekly options expiration day and the markets will be heavily manipulated.

https://www.tradingview.com/x/jw1DHWpA/

Froddy · Oct 16, 2020

Froddy said:
There are two caveats to be aware of: first, US retail sales data will impact the US$ at 13.30 today; secondly, today is monthly and weekly options expiration day and the markets will be heavily manipulated.

An update ...

The US retail sales data smashed expectations, yet the US$ index (DXY) and the S&P and the Nasdaq fell. So did gold and silver, which is odd (given the fall in the dollar) but today was weekly and monthly options expiration, and the markets make no sense whatsoever due to massive manipulation by Big Money to crush retail traders' options positions. As retail traders have been so successfully bullish, Big Money had to take the market down to get their money back on expirations day!

So we will have to wait and see what happens next week when things "normalise".

Interestingly, as happened with silver yesterday, there has been a large bullish inflow into gold options today (see below). Are these deep pocketed traders right? Answers on a postcard ...

Wattie · Oct 16, 2020

The 25 best shares and funds to invest in during the new Covid-19 lockdown
As London hits Tier 2 lockdown conditions and the rest of the UK and Europe takes ever more extreme measures against coronavirus, markets have been extremely volatile.

Read in Evening Standard: https://apple.news/AKlkz7HbTRNOeGckLbMXI-g

May provide enlightenment.....

Wattie · Oct 17, 2020

Seems Hunter Biden left his laptop at a repairer for years.....and all the info on it relating to potential “Biden family corruption” may be revealed.
Payments, P0rn, drugs, pay for play........
The US election ain’t over by a long shot.

Markets ain’t gonna like this uncertainty.

Wattie · Oct 26, 2020

19.25 seconds

Incredible Biden gaffe. Is he really the best they could muster?

Worth a read.
It’s been years since investors have been this fearful of a stock market crash, Nobel-winning economist warns
Robert Shiller, a Nobel Prize-winning economist and Yale University professor, urges investors to take a cautious approach to the top-heavy stock market in a recent op-ed for the New York Times.

Read in MarketWatch: https://apple.news/AnNQbiRw2SBKCBACwr02M0g

Froddy · Oct 26, 2020

There is certainly some emotion in the market today, and some huuuuge bearish bets on the S&P:

Contigo · Oct 26, 2020

Don't do put option would like to learn more at some point....

Market is still pumping along nicely with some nice gainers but when this will all end I don't know, certainly after the election.

Wattie · Oct 26, 2020

Contigo said:
Don't do put option would like to learn more at some point....

Market is still pumping along nicely with some nice gainers but when this will all end I don't know, certainly after the election.

I think the big danger here is a contested election result.....which seems almost inevitable.
It’s certainly very unlikely the result will be known on Election Day due to the postal vote issue- that’s going to bring uncertainty....possibly for weeks.
That may cause a large fall and a buying opportunity imo.
Regardless, once the dust settles no matter who gets in the Fed/American stimulus deficits are going to balloon- they have no choice or it will all collapse again. Stimulus will be even greater under the Democrats...which is what the market hopes.

You’ll note that during the debates, not one question on the growing debt has surfaced and neither candidate has been forced to answer the problem.

midlifecrisis · Oct 26, 2020

I've been mucking around with the demo account function on IG. Managed to make £10k into £11.5k in 6 weeks. My secret small bets, bear with the losses as they'll turn into profits eventually. Avoid shares, do commodities and fx.

Froddy · Oct 26, 2020

The technicals are not painting a short-term clear picture, and it's hard to know whether those huge short bets on the S&P are merely hedges. Interestingly, many of them are "out of the money", meaning that they have no intrinsic value whatsoever - the traders have spent millions on premium only - a very high risk strategy - you have to be very right very quickly for those shorts to work.

The S&P bounced perfectly off the anchored VWAP from 3/9 (the recent highest volume day) and its corresponding volume shelf - see below - will that provide support?

SPY,Daily Candlestick chart published by froddy

S&P 500 SPDR Candlestick chart created with TrendSpider

chrt.biz

On the flipside, price has today breached the 50 SMA, the 20 SMA and the 8EMA. It couldn't hold the 34 EMA either. This is short-term bearish on the daily chart.

Below is a screenshot of the monthly, weekly, daily and hourly charts for the S&P. I think it's looking shaky:

Froddy · Oct 26, 2020

midlifecrisis said:
I've been mucking around with the demo account function on IG. Managed to make £10k into £11.5k in 6 weeks. My secret small bets, bear with the losses as they'll turn into profits eventually. Avoid shares, do commodities and fx.

That's a brilliant return, midlifecrisis!

midlifecrisis · Oct 26, 2020

Froddy said:
That's a brilliant return, midlifecrisis!

Wish it was real money...

Wattie · Oct 26, 2020

Now Joe thinks he's running against George Bush.

Mr S · Oct 27, 2020

Any suggestions on how/best way to get into this? Dont have tons of cash, or time, but would be interested if it did not demand too much time or cash. Appreciate things go down as well as up, and nothing is a sure thing.

CatmanV2 · Oct 27, 2020

Mr S said:
Any suggestions on how/best way to get into this? Dont have tons of cash, or time, but would be interested if it did not demand too much time or cash. Appreciate things go down as well as up, and nothing is a sure thing.

Sent you a DM, @Mr S

C

Wattie · Oct 27, 2020

Mr S said:
Any suggestions on how/best way to get into this? Dont have tons of cash, or time, but would be interested if it did not demand too much time or cash. Appreciate things go down as well as up, and nothing is a sure thing.

Pm me - golds thumped the banks and goes up 90% of the time based on historic returns.....almost 14%pa in Gbp.
buy and hold. Not much time or effort.

Froddy · Oct 27, 2020

Mr S said:
Any suggestions on how/best way to get into this? Dont have tons of cash, or time, but would be interested if it did not demand too much time or cash. Appreciate things go down as well as up, and nothing is a sure thing.

Mr. S it depends what you want to do: do you want to trade or long-term invest?

If the former, the next question is what would you like to trade (forex/stocks/commodities)? And the next question, following on from that, would be whether you want to learn to trade, or whether you’d like a signals service.

If you’d like to learn to trade, I could point you in the direction of some good websites. Unfortunately, the industry is full of sharks and charlatans (I’ve learned the hard way!) but there are some good eggs out there which I have found over the years ...

If it’s long-term investment that you’re after, I’m the wrong person to ask.

Wattie · Oct 27, 2020

Yup, how's Giving skint Americans $1200 gonna fix this,
They need it every week!

A Stimulus Bill Won’t Stimulate The Economy

Wall Street seems to be rising and falling as the prospects of another stimulus bill wax and wane. But a stimulus bill will not stimulate the economy. It can move money into needy pockets, but it won’t get make the economy as a whole any better off.

www.forbes.com

Froddy · Oct 27, 2020

S&P futures are looking dodgy already (after only 20 mins) ...

Simon1963 · Oct 27, 2020

Froddy said:
Mr. S it depends what you want to do: do you want to trade or long-term invest?

If the former, the next question is what would you like to trade (forex/stocks/commodities)? And the next question, following on from that, would be whether you want to learn to trade, or whether you’d like a signals service.

If you’d like to learn to trade, I could point you in the direction of some good websites. Unfortunately, the industry is full of sharks and charlatans (I’ve learned the hard way!) but there are some good eggs out there which I have found over the years ...

If it’s long-term investment that you’re after, I’m the wrong person to ask.

I’m loo

Froddy said:
Mr. S it depends what you want to do: do you want to trade or long-term invest?

If the former, the next question is what would you like to trade (forex/stocks/commodities)? And the next question, following on from that, would be whether you want to learn to trade, or whether you’d like a signals service.

If you’d like to learn to trade, I could point you in the direction of some good websites. Unfortunately, the industry is full of sharks and charlatans (I’ve learned the hard way!) but there are some good eggs out there which I have found over the years ...
If it’s long-term investment that you’re after, I’m the wrong person to ask.

I’d like to learn to trade but as you say the market is full of people/companies offering this service. Trading 212 come up a lot but I just don’t know. I’m looking for a service that has a decent live demo a/c with a view to start live in April next year. Could also be interested in a signal service. Any pointers would be appreciated.

Shares to watch

Member

Member

Member

Member

Member

Member

Sponsor

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member