Evening all. The markets really are something else at the moment. Flash Crashes, Oil Wars, Market Circuit Breakers, Missile Tests, Pandemic Virus, you name it we got it! I closed 2 more of the index shorts today, one on $UK100 and one on $SPX500 to free up more capital and […]
etoro
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Afternoon all. What a week we have brewing by the looks of things today. Looking at the weekend futures on IG, markets look like they could open about 2% down on Friday’s close and that is really nothing considering that there was a late day rally off the lows which […]
Morning All. Worrying developments in Italy overnight as Prime Minister, Giuseppe Conte, signs a decree to limit movement in more than a dozen provinces and this very much resembles the kind of quarantine efforts we saw in Hubei province, China last month. This reportedly effects a quarter of Italy’s population, […]
Afternoon all. More economic data was released by China this morning, reporting that exports fell 17.2% for the January-February period compared to a year earlier and contrasting a gain of 16.5% in December when trade talk resolutions prompted activity to start picking up again. Imports only shrank 4% from a […]
Morning All. I wanted to write a post about why I started buying $DGRO and why I will buy more if this market weakness persists. The yield on 10 year US Treasuries just went below 1% recently and has been hitting new record lows over the last couple of days, […]
Morning all. Nice candle on Bitcoin yesterday finally took price away from the 200d moving average after 4-5 days of hovering around that area and looking quite indecisive as to which direction it wanted to move. I’m glad the 200d ma has held as it helps keep that Golden Cross […]
After nearly a year of waiting for $BA to crack under $300 following the 737-MAX disaster and grounding of all those planes, it finally did it with this move down into the $26x’s, but now it’s here the situation is more complex than the issue of the MAX and I […]
Just taking a look at $CCL $CCL.L after seeing it fall again, down another 12% today. Another of their ships, the Grand Princess, is potentially the site of a new COVID-19 outbreak following hot on the heels of the Diamond Princess which has only just faded from the news. https://www.theguardian.com/world/2020/mar/04/coronavirus-san-francisco-cruise-ship-grand-princess […]
With so little testing carried out in the US, the headlines are only just getting going on this story for them I believe. This is from another article I was reading yesterday: ” During a Senate hearing Tuesday, FDA Commissioner Stephen Hahn was greeted by skeptical lawmakers and pushed to […]
Morning all. In the early hours of this morning China released PMI data for February and it does not make good reading. Manufacturing: 35.7 versus expected of 45.0 This is the lowest ever recorded for this indicator Non-Manufacturing 29.6 versus expected 51.0 Another record low number. A recording under 50 […]