Member Info for Darth.Trader

if my calc's workout,then those who bought in yesterdays session will be in red or otherwise triggered stops they set.....

UKX.L will have a mare @the open will Wall St pull it back when it opens....i don't think so.

UKX.L chart, weekly, monthly, very bearish.
DYOR

@the opening bell.

Not looking good ...
https://uk.investing.com/indices/us-30-futures-streaming-chart

150 points as Wall Street braces for another drop after Thursday’s sell-off........

DYOR

Growing worries about US economic health were underlined by the Vix index, also known as the "fear gauge". This reached its highest since mid-July.
Sentiment wasn't helped by a warning from US infectious diseases expert Dr Anthony Fauci who said there is doubt a Covid-19 vaccine will be developed by the end of October.

The downturn in the US hit European markets. London's FTSE 100 ended down 1.5% at 5,850 points, and Germany's Dax fell 1.4%.

Wall Street had reached fresh highs this week on what Connor Campbell, financial analyst at Spreadex, called "a combination of relatively unfounded vaccine and stimulus speculation". Markets were now seeing a "sharp turnaround", he said.

On Wednesday, the S&P 500 and the Nasdaq closed at record levels, and the Dow came within 1.5% of its February peak,

Emily Roland, co-chief investment strategist at John Han**** Investment Management, said markets were due a reality check.

"Think about the mounting number of risks the market has been shrugging off over the last couple of months. We're 60 days away from the election. That may be an area where investors are getting a bit spooked," she said.

DYOR

Investor attitudes about the market will be tested in the coming trading days as fundamentals are taken more into account, Allianz Chief Economic Advisor Mohamed El-Erian said on CNBC.
“That is the tug of war that’s going to play out, and it’s going to show the DNA of investors,” he said in an interview on “Closing Bell” after major indexes recorded their worst sessions since June.
“We could have another 10% fall, easily ... if people start thinking fundamentals,” he said

DYOR...

john46, lots of big buys around that area late in the session; however i don't think it will add any upside @the open, also there will be stops @26pennies and less...
Blood'n'Sand.....

Hollybean, Yes, fully agree......

Tech sell off...!

DOW giving gains, UKX also giving up some gains, we could see Lloy breach 25pennies if this continues...

DYOR

not looking good, furlough ending will hit hard.

I see the DOW is giving up gains...

I wonder how the audit is going....
KPMG and RSM called in to audit government virus loan schemes
Banks have handed out loans worth £52bn to more than 1.2m businesses since the schemes were introduced....

DYOR

as lenders play safe...

Low-deposit mortgage deals available to borrowers have plummeted in recent months as lenders play safer during the economic fall-out from coronavirus.

Borrowers able to offer 10% of the value of a home as a deposit could have chosen from 779 deals at the start of March, data from Moneyfacts shows.

Six months later, the choice was now down to around 60, the financial information company said.

Lenders are being stricter about who they lend to amid fears of defaults.

Some large lenders have already said they would not currently consider applications from people on furlough and who did not have a return to work date.

DYOR

Patrao1, yes of course one day i will buy in, go Long if all is well.
good luck ..

Patrao1, as for the DOW's & FTSE 100...., divergence. Lloy, Barc, NWG will make new lows.

Patrao1, I too respect you and your concerns also your ability to navigate post and understand that we are all to all intents and purposes on the same side; however this idea that Lloyds is a saviour of sorts is a myth. Lloy is but an admin administering UK Govt backed loans and will be highly reward if successful, should these loans default then we the Taxpayer and generations to come pick up the tab.

yes you would think he would at least try and digest simple advice as from your post I suspect he follows you around TP...
Also i noted that other posters have called him out for de-ramping other stocks on other LSE chat...?

Trump, yes tempting fate just like he did with C-19, I do wonder if now is the right time to use his own diatribe and apply it to the DOW..."yes Don 29k, It'll be just like a miracle Don, it will just disappear"....