Member Info for Just_My_Opinions

ECB Rate decision @ 12:45
USA Durable goods orders @ 13:30
USA Unemployment claims Week on Week @ 13:30

Plus various others things of less importance.

Billy,

That's true, and I should have considered that. Although there are other ways to trade for someone who has less time. "Swing Trading". I've told Pete about this before.

I'm day trading at the moment, realistically if you're working it's not an option. As you need to watch the screen a lot regardless of alerts to help you. I often close trades before the target I had set if it looks a strong possibility it won't achieve it.

Or you short it on the way down, then go long on the way up. You don't need to be rich for that, just know how to read a chart, how much to risk, what stop to place and what target to go for. And when to get out if it's not going to plan.

That takes time to learn.

Yeah and closing a 3rd of stores. Not looking good for DEB, might be worth shorting if it tanks in the morning followed by a dead cat bounce. Look to enter when the bounce starts to break down maybe.

I'll stick with the indices, can't watch too many things

Russia will target European countries if they host U.S. nuclear missiles: Putin

https://www.reuters.com/article/us-usa-nuclear-putin/russia-will-target-european-countries-if-they-host-u-s-nuclear-missiles-putin-idUSKCN1MY2FO

Have continued to fall, at the time of typing...

Dow - 1.55%
Dax - 2.32%

The FTSE's down about 35 points since market close too.

haha you might find it funny today, but unless you're a follower of Islam it won't be funny 20 - 30 years from now.

I've been scalping the indices all day long. They've been up and down like a yoyo.

https://www.tradingview.com/x/ftX5Cfhp/

Have you had a BM? If not... get one, make sure it's an auto and M Sport... puts a smile on my face everytime I go out in it :-)

Warranty companies price their warranties on the basis of how likely they are to pay out on the car*

For me it's..

1. Driving pleasure
2. Looks
3 Reliability

In that order, but if the reliability is really bad I won't buy it. Like a range rover... they are shocking for reliability but look amazing, have the status, and are good to drive. But if I was buying a car at that price I wouldn't buy one because the reliability is horrendous.

Why would you doubt a reliability index of a warranty company? Warranties for cars by how likely the company is to pay out. They've got no bias in reporting it.

To be fair most of the cars on that top 100 list are rated at least good. But if you search individual makes and models on their website, you will see BMW, Mercedes, Audi and VW are somewhere in the middle on average.

The top are Japanese cars. My mate has his own car repair business in Scotland, he says Japanese cars are now the best for reliability too. He said the one's fixes the most are Fiats and Renault's.

There you go, to take the opinion out of it...

https://www.reliabilityindex.com/top-100

I'd believe a warranty company who actually pay out on claims before a subjective opinion mate.

The markets are not taking because of Brexit. They're tanking because of Bond yields particularly Italian and USA yields. Italian due to Matteo Salvini not backing down on Italy's budget. And the USA's due to the FED's interest raising program.

Plus some corporate earnings haven't came in as well as expected, and both China and the EU are showing a slowdown in growth due to the trade war.

Brexit is a secondary consideration. I keep an eye on the market leading news from the paid Reuters feed on my live spread betting account.

WhatAMess,

It's not opinion, it's based on actual warranty claims. Really I should be biased and telling everyone how great German cars are, because I have one. The driving pleasure from a BMW is second to none in it's class in my opinion. This is our fourth BMW and in all honesty we've had nothing go wrong with any of ours.

But that doesn't change the fact that the Warranty Direct Reliability Index has German cars as mediocre for reliability. Those are based on actual claims, rather than opinion.

The German cars aren't as reliable as people think they are. They used to be amazing, 30 years ago Volkswagens were bullet proof. But now due to increases in technology they tend to have more problems.

Japanese cars are the best for reliability, regularly topping the warranty direct reliability index. You only see how good a car is as it ages, and Japanese cars are the most reliable.

With that said though, the engines in the German cars for the most part are very good. It tends to be electrics and pumps etc that go on them if they're not well maintained.

I've got a BMW 5 Series Diesel only a few years old with 22k on the clock. I put various fuel additives through my car, turbo cleaner, dpf cleaner and injector cleaner. That way the fuel system is cleaned out, the diesel particulate filter (thanks EU) is prevented from blocking. And the Turbo is unlikely to stick too.

The car runs like very smoothly, but I do expect some issues with the electrics, as BMW are known for that.

The DOW (on the left) started rejecting any further advances a fraction under the gap, there was a proper fight between the bulls and the bears... a tug of war haha, ticker was going like mad.

The NASDAQ (On the right) closed it's gap, then rejected it.

Both are now currently testing the McGinley dynamic (Bright green line) on the 5 minute chart. Will be interesting to see if it breaks down further or tries for higher again.

https://www.tradingview.com/x/EavboeI7/

It depends on whether or not we're at the start of a prolonged Bear market or not.

Trade War
Russian Tensions
Saudi Tensions
Brexit
Italy having a fight with the EU over it's budget raising EU countries bond yields.
US Bond Yields rising due to the FED's interest rate rises.
The chickens might come home to roost with Corporate debt as the rates rise.

But most economic figures have been good mostly, only a small number of bad figures recently... whether or not the above actually starts affecting data over successive months will determine if we're entering a more sustain bear market or not.

But the US markets have been climbing constantly for months, it's good when it drags the rest of the markets with it... but it just makes the reverse harder and faster if bad news or uncertain news hits.

Stocks tend to fall faster than they go up due to human psychology... panic.

Trying to work it's way up to the pre gap down close of 25,314.5 if it reaches this price, whether or not it holds it will determine short term market direction.

https://www.tradingview.com/x/x4JpCiA4/

no overnight risk* I mean