US Equities getting top heavy and high valuations with Ave PE of around 24 I think... However, European Equities are well below their highs, and offer lower PE ratio's, so fundamentally they have a bit of ground to catch-up. we got close to 10350 as ...

Carpe diem: Intraday tactics for Dax and Dow

Dax back to 10350pts at some point today, I think...

Carpe diem: Intraday tactics for Dax and Dow

Long at 10303pts. No SL, 50 TP.

Carpe diem: Intraday tactics for Dax and Dow

I think we will close this gap on the Dax, despite Oil production resuming in Kuwait and a weak US Equities and Asia Equities session. I'll be buying the dips today.

Carpe diem: Intraday tactics for Dax and Dow

One more day or Thursday, and I'll join your trade, if you're still holding it...

Carpe diem: Intraday tactics for Dax and Dow

[quote=cat;8881113] Yeah, if 20/21 April doesnt produce an interim high on US Equities, the next key dates are 10/11 May for possible reversal.

Hunchback head & shoulder pattern developing on Dow

Dow Jones has a W pattern formed on Daily, which can be bullish given now that we've broken the down trend line since April/May 2015. I reckon we are in the last phase of the major bull cycle we have been in. So yes, 18,500pts will probably be ...

Hunchback head & shoulder pattern developing on Dow

Added another trade at 10254, exit at 10288. That's it for the day for me, I see the 61.8% Fib of 10383pts approaching as a target, along with Monthly 7sma and 20sma at 10346pts and 10495pts. I have a feeling we may get as high as 10500pts before we ...

Carpe diem: Intraday tactics for Dax and Dow

Sorry, was babysitting trades hard to post real time. Entered some longs on breakout just prior to pretrade, 3 lots for an exit of +15 each. Entered some more prior to XO at 10182, then added some more after XO at 10160. Exited 1/4 of trades at ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, we broke above the 200sma on Daily for the first time in 2016. This is bullish bias now, but keep in mind 20/21 April may produce an interim top on US Equities...

Carpe diem: Intraday tactics for Dax and Dow

Crude Oil was bought up when the price was below 40/bbl when London opened. Same thing happened when NY opened. Seems supported below 40/bbl for now. Giving these markets a bit of a lift. I took a scalp then from 10018pts to the 200sma on 1m, closed ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, the Funds are out in force, closing the gap almost, and Daily Crude Oil Spot climbing too back to 40/bbl. I am still expecting new highs on US Equities by 20/21 April, then markets to dive again, so let's see.

Carpe diem: Intraday tactics for Dax and Dow

Nice buying at 9920pts, for a cool exit at 9952pts in 1min. Thanks for coming. 2 lots.

Carpe diem: Intraday tactics for Dax and Dow

Equities to head lower for start of the week with failed OPEC and Russia oil cut back. Let's see how low we go today, Asia session (Nikkei, Hang Seng) was horrid. Looking for support on Dax at 4H 200sma around 9835pts today, if we get there.

Carpe diem: Intraday tactics for Dax and Dow

I like this trade, I think I will do the same. Just waiting to see what happens with Oil price next week after OPEC and Russia meeting in Doha. These indices with large commodities sectors like FTSE, TSX, and ASX may do a small rally early next ...

Carpe diem: Intraday tactics for Dax and Dow

Looks like some weakness, some Auto companies across Eurozone reporting poor earnings, causing some selling in the Dax. I sense its temporary weakness.

Carpe diem: Intraday tactics for Dax and Dow

Early next week for that big drop, I'll probably add a Short position on 20 April, and another on 21 April if it hasn't dropped. All based on Time Series analysis.

Carpe diem: Intraday tactics for Dax and Dow

See some supports at: 10,090.00pts: 1M - 200 SMA 10,089.10pts: 1H - 7 SMA 10,084.80pts: 5M - 200 SMA 10,083.10pts: 1H - 20 SMA 10,074.30pts: 4H - 7 SMA However, major resistance at 200SMA on Daily at 10,105pts. Not sure it can clear it, perhaps this ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, I probably failed to realise that it is typical of US to understate their CPI, they do this so it reduces their Govt Expenditures - "Many government payments, such as Social Security and the returns from TIPS, are linked to the level of the ...

Spider's Den

Took a buy entry off the 200sma with 5mins to market close... exited on the close of the market at 5.30 CET, usually you get a spike of last minute buyers during risk-on sentiment. See ya tomorrow.

Carpe diem: Intraday tactics for Dax and Dow