Member Info for Ken23

Oil futures slumped for a second consecutive trading session due to worries about weak global energy demand, which weighed on commodity currencies and boosted the safe-haven The U.S.
Treasury yield curve flattened, which suggests that a heightened sense of dread about the economic outlook is returning to financial markets.

U.S. crude CLc1 slid 1.49% to $35.80 a barrel, while Brent crude LCOc1 eased 1.19% to $38.09 per on Friday, hit by renewed concerns over demand and a large buildup of U.S. crude inventories.

Not looking good for oil at present BP getting closer to the 300 that I mentioned

Breathe, they change their mind like the wind lol typical yank hype
Tomorrow’s going to be a possible Black Friday
ATB
Ken

Breathe I closed all my shorts as they started to go against me.
So just resting and watching at moment, it’s so unpredictable, but things are going the right way for me at moment.

This is looking very serious tonight with the Dow down over 5%
I’m in no rush so will drip feed into some solid stocks when I think the time right.

Hope your keeping safe and the family are well.
ATB
Ken

You sound a very interesting guy and a man who I could converse with for a very long period of time without boredom ever Setting in.
I would love to meet you one day as I admire your attitude to life and extensive knowledge of the market.

It would be great if you could join us on our next meeting.
ATB
Ken

50,571 views|Jun 11, 2020
Dow Jones Futures Plunge 1,100 Points: Covid-19 Second Wave Fear Mount; Coronavirus Stock Market Rally Fizzled out.

TROAJAN haha yes good man I think you and I thinking on same wavelength, apparently the aluminium miner Alcoa are normally the first to report around end of second week after Q finished so that’s around 14th July
I can wait patience is my name LOL
ATB
Ken

Sage, it’s realy hard to tell in this current climate but whoever got in on 22nd March have made a fekin killing and if it were me I’d be out now for a few months most definitely.
I missed out big time with KAZ but that’s the chance you take, but I made well out of KAZ On the rise by changing from glen into KAZ As KAZ made me 20% more than if I’d stayed with glen so I’m happy with that.

In this game you will never get it right all the time but it’s hard to sell when your down and that we’re people make a mistake by hanging on for too long then it’s almost impossible to sell because phyclogicly the human factor is not to lose.
That’s why people lose £100s of thousands they always think next day it will come back and it don’t.

Sage I’ve learnt the hard way and have been there years ago but now I’m not afraid to lose a few grand when it saves me 10 grand.
You know the crack sage I don’t think I could teach you a dam thing.
Hey suns out and it’s time for a beer wooP wooP

ATB
Ken

We got Uk Month on month manufacturing and GDP figures out tomorrow at 7.00am and I realy dny think the results are going to be impressive so could be freaky Friday.

I’m just itching to have a play but my heart says stay calm and wait

Haha yes SCOOP you can tell I got a nice big wad on the sidelines lol
I’m hoping for a bit of contagion with sellers pricing that will really start the reversal.

Which could step down for a few months, then I will start to drip feed.
Almost all shares were at an overbought area Monday On the Daily RSI so I think this was well on the cards

NK hope your well, it’s always good to se a post from you so we know your still active.
This drop is what I’ve been eating for as I’m 80 % cash.

I’m prepared to bide my time as these opertunities don’t happen that often, so could get some good positions in a mint or so down the line
ATB
And look after yourself
Ken

Dow - 3.56%
Germany - 3.6%
Ftse - 3%
Russel 2000 - 4.41%
Spain- 4.6%

It’s starting to hit home now ay

Looks like glens had its wee bounce for today guys it’s starting rapid fire noe

It’s only another 20 points to 150 and glens already came off the boil to the tune of 15 in just 3 days and she can gobble up 20 points easily in a week so I recon 2 weeks is giving it chance.

On Monday ?
I see glen 150 or lower in 2 weeks IMO

Eviking yes coppers trading at around same level it was at yesterday at 9.00 am but it’s $100 down on its overnight high and it’s just hit the Fibonacci retracement of 50% over a four year chart and that a masive rise in just 2 months..

ATB
Ken

Coppers overstretched itself And the funny thing is KAZ and GLEN just didn’t follow it up on the last 3 days but I think they will be following it down.

Looks like sentiment has now changed and people are realising the reality and impact covid has had To earnings.
Let’s see where we are in 3rd week in July when Q2 earnings season starts.

I’m quite happy sitting on my cash pot for now.
ATB
Ken

Yes been charting the DXY as this is what’s been giving copper a nice boost as foreign buyers are getting a bargain, I’m thinking it will turn north at around 96 it may go to 95.5 before turning, it’s now in overdid teritory in the daily RSI but could stay in this area for another week before upwards movement.

The weak dollars also giving the Dow & Nasdaq a nice boost.
Problem is the amount of Stimulus money the us has pumped in is weakening the dollar.
I’m still 80% cash.

ATB
Ken

Copper1 no it’s a rest day for me, but I think my lads going to drag me out again for a few days this week.
I was just looking at copper chart and see that coppers never managed to rise consecutively for more than 12weeks in the last 4 years before a substantial pullback, it’s also in the overbought area on the daily rsi at 72.52 It’s only gone beyond this level twice and when it has it’s only been for a very short period of time before it fallen substantially.

This time may be different however these things do tend to repeat themselves as traders watch these levels very closely.
ATB
Ken

The pullback has started and coppers now looking maxed out this is when I wouldn’t want to be holding in a big way.
Once copper starts it’s fall GLEN & KAZ will follow KAZ will move down a lot quicker than glen as it’s totally reliant on the price of copper.

Is on the turn by looks of things along with Glenda and kaz