Member Info for Lakshmi888

All!!

Friday is here at last! Have a great day and GL:)

Trump has managed to help gold drop from $1225 only 2 sessions ago to $1213 this morning due to threats of 10% to 25% tariffs rates and thus China has responded by devaluing the yaun yet again overnight to take UsdChy back to 686865.

In hindsight had one scalped 5-8 points at a time from gold for the past 6+weeks, cld have made a fortune. Pattern repeating over and over again.......However, let's see if lows are near for the ST....

been hit past x months by current geopolitical factors.

However cld be on the verge of reversing and thus present buying opps??

https://www.ft.com/content/87ce1e02-94c4-11e8-b67b-b8205561c3fe

https://www.cnbc.com/2018/08/01/brazil-stocks-jump-nearly-13percent-in-july-piggybacking-on-broad-em-rally.html

VWO has seen a drop of 4.9% this yr so far...

''Much of these losses have come over the past three months, as tensions between the U.S. and its major trading partners — notably China — have increased, clouding the region’s growth outlook. China has dropped more than 20% from a recent peak, enough to put the market in bear-market territory.''

Well Done Numptie....

Kod holding gains as of yday and with a further % gain. Doing nicely....

KOOVS as expected continuing to drop. Now in the 14s.....

I've also spotted what looks like a gap to me lower down in the chart. And we all know what happens with gaps....

They *always* get filled.....Oooooops for KOOV. Can see this going lower still............Still not a buy....

Cripes!! Lows of 25121 hit this morning!

Held last Friday when idices dropped comparitively well but lost approx 400-500points in less than one week.....

Weak c.f. SPX whose low remains only at 2790. Nothing but nothing as of yet seems to be really knocking SPX...

Need usdjy and $ to fall.....for a significant effect to be seen....if ever .......zzzzzzz....

Ive been positioned for 2+ weeks for a selloff but every time NQ drops pver 100+ points the resilient beggar jumps up even higher the next day, hence why BankBankBank applies more than ever, so there's not just bullish sentiment but manipulation at play inc BoJ interfering and devaluing the yen which then favours the US equities.

Any sell off will imho be short lived as higher highs still foreseen for SPX in part'r so any drop will simply be a pullback or at best a mini correction. Im all for that as presents opp'y to go long though any rally cant be really substantiated when you look at the actual *growth* of many of the bigger cos inc FAANG....

Not expecting a big drop until new higher highs have been hit .....Been a number of sell offs ie at least one every week for over 3 weeks but all of them short lived. Suspect any pending ones will be exactly the same...

With Trump, whatever you think of him, he's helped boost the markets so cant deny him that.

However cant say much for his way of getting things done and his tactics dont always work. He's had to do many u-turns, back off/amendments (tax plan) and now China is giving him the 2 fingers......:)

Wait until Iran sanctions kick in in Novemeber That shd be interesting...!

got hit the hardest this morning out of all the indices having lost near enough 400 points in just 2 sessions.

Hit monthly highs of 12850-ish 48 hrs ago only to hit lows of 12493 this morning- back to levels of 2 weeks ago.

Becoming more volatile than Dow of late.....

Interest rate of 0.25% to 0.75% lifted cable all of 30 pips so no reaction there then!!

https://www.telegraph.co.uk/business/2018/08/02/bank-england-set-first-real-interest-rate-rise-since-financial/

''Bank of England votes to raise interest rates to 0.75pc
Rates at highest level in nine years; MPC vote 9-0 for hike''

https://www.theguardian.com/business/live/2018/aug/02/bank-of-england-interest-rate-decision-mark-carney-sterling-brexit-business-live

Morning Treacle:)

Numptie has done my bets so much good with that one announcement details of which were posted here yday but markets didnt react all day yday as it was unoffcicial until His Highness spoke!!

SPX and NQ down o/n and all this morn so Im over the moon!!

When it was announced pre-FMOC he was going to give an annoucment I though the worst and that US/China were making headway which wld have been ultra bullish for the indices and the worst for my shorts but Oompa Loompa did the exact opposite.

Took a while for the impact to hit the markets but did so gradually o/n and hard this morn so I owe him a Thanks.

Point here is China isn't backing down. Europe rolled over; he has Japan in his pocket but China he's not yet controlled/bullied into his way. Good for them! So until then, Trade Wars/Currency Wars just causing volatility galore...

Just hoping Apple and Tesla drop today/tmrw and any FAANG drop continues to hit the markets.

NFP tmrw so that's going to cause quite a bit of volatility also.....

Once -ve sentiment hits, self -sulfilling prophecy. Even a few sessions will do;)

Interest rates left unchanged as was expected by most....so a non-event in the end.....Third hike rate is however expected in Sept...guess he'll betaking Trump on in that case...

https://www.cnbc.com/2018/08/01/fomc-august-rate-decision.html

https://www.bloomberg.com/news/articles/2018-08-01/fed-to-discuss-when-to-pause-gradual-hikes-decision-day-guide

https://www.cnbc.com/2018/08/01/fed-signals-next-up-is-september-rate-hike.html

Looking for a drop in this personally from highs of y'day.....Shd that happen, will mean all but Giggle of the FAANG stocks yielded either bad data or a drop following earnings within 48 hrs; FB and NTFLX being the worst.

Let's see NQ drop in coming sessions though NFP may help the indices tmrw, pah :(

Wonders never cease. Tesla managed to make it alive until data /earning reports, lol!!

https://www.bbc.co.uk/news/business-45037251

https://www.cnbc.com/video/2018/08/01/tesla-beats-top-line-misses-bottom.html

https://www.theverge.com/2018/8/1/17639588/tesla-earning-q2-2018-model-3-production

This company is in serious trouble esp wrt its automotive sector. End of.... SP down from a 52 week hgh of $389 to $300 currently.....

The movements in FOOT arent large enough on a day to day basis to trade HH, agreed. However, been buying all the way to mid-60s but going to hold for higher.

The current lack of liquidity here wldn't make this ideal currently for trading anyhow but no doubt will pick up in the future and my intention persoanlly is not for a quick low % trade here....

Feel drop is not reflective of company's true potential and fundamentals; over-reaction in market...etc....

GL:)

PS No of shares will also have an influence on liquidity thus an indirect factor on the spread in times of volatility....or lack of.....

interest rate decsion today.

Assumed a rise is likely today but £ dropping ahead of the decision....

https://www.theguardian.com/business/live/2018/aug/02/bank-of-england-interest-rate-decision-mark-carney-sterling-brexit-business-live

https://www.theguardian.com/business/2018/aug/02/bank-of-england-poised-to-raise-interest-rates

''Economists widely expect the Bank’s monetary policy committee (MPC) to lift the cost of borrowing above 0.5% on Thursday to reach 0.75%.''

So just the EU who refuse yet to hike rates hey............no wonder Trump is gunning for them....

gained 6% and nearing the goal of becoming the first $1T company.

Shd it get there, bet it then falls...........!

https://www.thetimes.co.uk/article/apple-wins-1-trillion-race-but-remains-at-crossroads-cn6n9lxk5

(The headline in the above article is incorrect; muppets).

https://www.cnbc.com/video/2018/08/01/apple-needs-to-hit-207-point-05-to-reach-1-trillion-heres-why.html

There and agin, based on the trends of the indices this morn, shd this continue. we're more likely to see NQ drop than rise :D (Fingers crossed!)......

The spread is normally wider when liquidity is lower ie volume turnover is low. When liquidity/volume is higher, spread narrows and continues to encourage the higher trading volumes at any given time.

In addition, more often than not, the spread shown on LSE is not often a true reflection of the actual spread ie when you look at what the actual bid and ask levels really are...

Volatility also influence the spread; low volatility normally means a lower spread compared with high volatility when say a share is dropping and the risk assoicated with the share is higher.

Liking the way FOOT is going and one simply best left and return to peridocially imho. Can only see it going higher in the MT....company making progress. Let them get on with it;)

GLA:)

open not pretty.unless one is short and keeps waiting for these falls in between the 'manipulated' ramps, rises, falseties, deceit.....
From this : 2 days ago
https://www.cnbc.com/2018/07/31/europe-markets-seen-lower-as-credit-suisse-bp-solvay-report.html

To this: 2 hrs ago!
https://www.cnbc.com/2018/08/02/europe-markets-stocks-open-lower-bank-of-england-set-to-raise-rates.html

:)

To and fro, to and fro. One can't help thinking this all gets sorted out amicably eventually and no doubt Trump's put and call options will earn him a pretty penny or two in the meantime.....ahem.....;)

https://www.nytimes.com/2018/08/01/business/china-tariffs-trump.html

https://finance.yahoo.com/video/china-pledges-retaliation-us-imposes-141632931.html

down overnight on Trump's last minute announcement yday eve confirming intention to increase tariffs form 10% to 25%. Little effect immediately but overnight, indices have dropped :D

More than overturned the spike following the report by Bloomberg on Tues that China and US were going to have talks. Guess that was a load of codswallop after all then in order to rescue the markets from a 3 day run of losses.....

https://www.vanityfair.com/news/2018/08/trump-to-china-tariffs-will-continue-until-morale-improves

https://edition.cnn.com/2018/08/01/politics/us-china-trade-tariff-war/index.html

Morning!

Feeling it's going to be a oood day .....(touchwood)! Already started off well.....

GLA:)