DOW

Well another strong day on the indices....they needed a good rally and not that surprising with the sort numbers the fed has come up with which are staggering....but it also shows the size of the problem and crisis imho....

So are we off to the races again then? are bulls back in charge?

Not yet...not by a long way imho...
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...YAgEl7cPLyV9P+K48F0=

This to me looks like it will test the 20 day ema line... around 20700....im not trading atm...if i was that would be the number to short...
If it breaks or gaps above...then shorts...then bears need to watch and need to wait for the level to break down again imho...
The way this moves this could hit that are today! or maybe tomorrow?

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ZVEia7zoO3RZ+gBY238=

same set up here...watch that 20 day ema line feature on the daily...during market hours..

dax - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...huNjFX0CKeMaAWDvh6U=

here as well 20 day ema line...is the key imvho...

stay safe folks...
atb, wdik, dyor,
trendfriend

Perfect level for a short on a first attempt is coming...but it would require around 600 point stop....

22590 ish.....That’s the 38.2 fib level from the high to the low .....

This market has gone crazy and I suspect this is all just a bear trap so be really careful..

Great for trading in and out thou....but only for the crazy....

And if your wondering why I’m posting IG charts out.....cos I’m lying in bed being lazy and using an iPad....
Also IG Charts show full 24 hour moves so can be very handy....

Libero wrote:

remo wrote:

I don’t use IG for share dealing, I only really use it for indexes.....But nothing wrong with using like a share dealing account...as it’s tax free...but remember it’s only for short term as it’s spread betting end of the day..
2,,,,yes I use them ......I look after my wife’s SIPP ..,,,,I use Hargreaves Lansdown .....They are great for funds...
I’ve closed all her positions just before the crash....lol....and have been buying some shares back into it...

Much obliged Remo.

(IG now offer actual sharedealing and SIPP accounts too, so will investigate - but will check out HL for sure!)

Now, back to the Dow - one word: insane. I've gone short with the FTSE, but not at the best place (used 5/15 to look for entry - but it is looking choppy!)

lol....sorry,,,, did not know that.....
It all comes down to there fees, I’m not certain about that so worth looking into..

I use HL for my SIPP too - and for my ISA. They are, as Remo says, great for funds.
I've bought in a little today - just for scalping though...

remo wrote:

I don’t use IG for share dealing, I only really use it for indexes.....But nothing wrong with using like a share dealing account...as it’s tax free...but remember it’s only for short term as it’s spread betting end of the day..
2,,,,yes I use them ......I look after my wife’s SIPP ..,,,,I use Hargreaves Lansdown .....They are great for funds...
I’ve closed all her positions just before the crash....lol....and have been buying some shares back into it...

Much obliged Remo.

(IG now offer actual sharedealing and SIPP accounts too, so will investigate - but will check out HL for sure!)

Now, back to the Dow - one word: insane. I've gone short with the FTSE, but not at the best place (used 5/15 to look for entry - but it is looking choppy!)

Libero wrote:

remo wrote: im back on the sidelines (with shorts)as this rally is kinda mad....
its going to be short lived but you have to be careful when it goes mad like this...
But i have actually bought some shares for the long term again...around 40% invested...The other 60% will be invested once the markets gets hammered again...

Hey Remo,

I've been thinking about allocating cash to shares, and did miss some "near term bottoms" (might be the actual bottoms to some equities, but that's cool). The questions I have, to yourself and the board (and forgive me for using the Dow forum!) are:

1. Are you guys using IG share-dealing (not many reviews, but I figured it's a good platform, consolidated etc...)

2. SIPPs - do you guys like them? (again, perhaps on reflection these questions should left to another forum - i'll get to work on that!)

On the Dow, the violent moves continue - you know, after yesterday's rally, you knew more money will follow in today, because of the headlines - it's a headline grabber - the biggest rally since 1933 etc... This will attract money, and market-maker mark ups.

I'm still skeptical. What I would say, is that while this "bear-market" may last a good few months, given the steepest drops we've seen, it's likely that some bottom (don't know whose!) were reached. I honestly don't know anymore. All's I know, is that I've been scalping scraps - and I like it!

I don’t use IG for share dealing, I only really use it for indexes.....But nothing wrong with using like a share dealing account...as it’s tax free...but remember it’s only for short term as it’s spread betting end of the day..
2,,,,yes I use them ......I look after my wife’s SIPP ..,,,,I use Hargreaves Lansdown .....They are great for funds...
I’ve closed all her positions just before the crash....lol....and have been buying some shares back into it...