Thread: Discuss Commodities and Stock Market Indices

Originally Posted by adz2k11

i sense this a bit of a short squeeze situation, before a drop on US open

Yeah, danger here is that there is still over an hour to the open, and in thin trading momentum could get us in amongst the stops before volume comes in.

Stopped.... Would imagine 72-74 possible from here.

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shorting this morning and buyiing very well indeed on this turn at the bottom on ftse,cac and dax
this is the 5 min charts for all 3.

i waited form my indies to turn at bottom togethe with some lovely divergence.

then bought all 3 on longs

for me indicies(stocks) are awesome to buy on dips
most traders in financial institutions love buying 'dips' in equities compared to Fx.
the mkt loves buyers in indicies.

indicies play very important part as an indicator for mkt movement for obvious reasons

example here of decent turn on 30 min in conjunction with 5 min and entries via 1 min and 1 second.

good luck all.

Originally Posted by Mary R

Since much of the demand for gold comes from China its worth considering that China may be in for a substantial slowdown in the demand for industrial metals as well as iron ore. Ive read alot of opinions on Chinese growth - some people think the country is due for a mega collapse in demand and a property bubble burst. This may be an exaggeration but even a modest slowdown in the demand for commodities from China could impact gold prices in a big way
FT Alphaville

According to my sources on the ground, a no/very slow growth of China is reality. Some medium-sized businesses are really struggling, especially exporters who used to flourish just a couple of years ago. Copper demand is down. The demand was so strong a few years ago that I was asked to help source scraps/industrial waste to ship to China for metal extraction. Now not only has that totally gone quiet, many of those who used to be the 'successful ones' importing rubbish to sell for reprocessing have gone bust, and second-hand metal price has been low for a couple of years. A lot of the Chinese growth came from outlandish government spending, just a nice way to add padding to statistics and plus more massage it always produced magnificent growth figures. Now let's see how long that will last.

BTW, Goldman is out promoting gold to the public. Take it in whatever way you wish.

Most bearish trends are collapsing - tomorrow should be a really good day for buying the dip.

Originally Posted by cw1

shorting this morning and buyiing very well indeed on this turn at the bottom on ftse,cac and dax
this is the 5 min charts for all 3.

i waited form my indies to turn at bottom togethe with some lovely divergence.

then bought all 3 on longs

for me indicies(stocks) are awesome to buy on dips
most traders in financial institutions love buying 'dips' in equities compared to Fx.
the mkt loves buyers in indicies.

indicies play very important part as an indicator for mkt movement for obvious reasons

example here of decent turn on 30 min in conjunction with 5 min and entries via 1 min and 1 second.

good luck all.

I agree I have a very very good book with a bunch of stats which shows that its good to buy on dips - its unfortunately based the OMXS30 (SWE30) but as markets are highly correlated this should apply to FTSE100 and S&P500 too

Also if you where not able to join today Bulls vs. Bears - I went long SWE30 with 70% of my family's portfolio. Unleveraged so if we would drop with additional 10% then I can't care less - I am betting on the markets to be higher by the end of the year.

Originally Posted by Alejandro Zambrano

I agree I have a very very good book with a bunch of stats which shows that its good to buy on dips - its unfortunately based the OMXS30 (SWE30) but as markets are highly correlated this should apply to FTSE100 and S&P500 too

Longer term since we are in the midst of one of the most powerful bull markets in most of our histories buying dips is appropriate.

Buy The Dip

Originally Posted by tradetime

Sorry, no, the "Interesting comparison" referred to the chart attached which shows the Main indices of UK FTSE, France CAC40, German DAX30 and Spain IBEX35 over a 12 month period. So unfortunately there is no link to post.

The Ibex has been "trashed" relatively speaking. One has to wonder is it fully justified.

I think it can portably be a good long term buy when we see a decent low. Something to keep 1-2 years. Best would of course be companies that are still making money.

Originally Posted by Alejandro Zambrano

I think it can portably be a good long term buy when we see a decent low. Something to keep 1-2 years. Best would of course be companies that are still making money.

Yes, may have a look at it at some point if I have money to tie up, there will likely be a lot more volatility surrounding these EZ countries as things develop.

Originally Posted by Franosh

According to my sources on the ground, a no/very slow growth of China is reality. Some medium-sized businesses are really struggling, especially exporters who used to flourish just a couple of years ago. Copper demand is down. The demand was so strong a few years ago that I was asked to help source scraps/industrial waste to ship to China for metal extraction. Now not only has that totally gone quiet, many of those who used to be the 'successful ones' importing rubbish to sell for reprocessing have gone bust, and second-hand metal price has been low for a couple of years. A lot of the Chinese growth came from outlandish government spending, just a nice way to add padding to statistics and plus more massage it always produced magnificent growth figures. Now let's see how long that will last.

BTW, Goldman is out promoting gold to the public. Take it in whatever way you wish.

As far as Goldman is concerned, they'd probably defraud their own grandmothers to make a buck. But the most significant proxy for Chinese growth probably comes from the iron ore producers, and the managment at BHP Billiton and Rio Tinto are shifting to a cautious spending mode after years of red hot growth in iron ore demand.
BHP and Rio to reduce spending - FT.com

Not sure what's going on here Nas trying to selll off ES trying to rally, more screwed up market.Am short again ES

Originally Posted by tradetime

Not sure what's going on here Nas trying to selll off ES trying to rally, more screwed up market.Am short again ES

Backed the wrong horse so far stops to b/e on this

are you still dreaming new higher highs from here !!!