Member Info for Lakshmi888

Afternoon Treacle:) Hope you had a good w/e?

Agree re. trade war. Numptie can spin it however he wants. Impact on CHina taking its toll already and now impacting on EEM.....

He alwaaaaaaaaays throws his toys out his pram, lol!! How else do you think he threatens, erm, I mean negotiates other leaders into doing things his way? ;) Do you think Juncker had any choice last week?? Nope!

I'd posted elsewhere on Fri as to why the muppet felt the need to do a speech following release of GDP data, why then at that time, that day? Markets quite often surprise and fall after good news hence sell the rally....

Sure there may be higher highs coming, but Friday was not a good day for the indices following that news.

No doubt Fed, Powell in part'r will get the blame shd the market get hit in any way in the coming months.....

Doubt lows are in quite yet and once again a case of sell the rally imho....

Dollar, usdchy and Fed decsion main factors this week influencing gold price.............along with BoJ decision tmrw.

https://economictimes.indiatimes.com/markets/commodities/views/gold-outlook-bleak-as-fed-rate-hike-and-strong-dollar-may-inflict-more-pain/articleshow/65185681.cms

Not sure I agree with this article; $1200 ish cld still be hit (or even 1180-1190 as a possible low else $1205?......shall see):

http://www.kitco.com/news/2018-07-29/August-s-Gold-Market-Looks-Ready-For-The-Up-Cycle-Sprott-Money.html

followed the drop of the indices Fri afrn and having hit monthly highs dropped heavily.

Wti has recovered since gaining 2% today c.f. Brent (0.89%) but it's beginning to look iffy once again for oil, though bullish, it is finding hard to return to highs of 2+ months ago....

https://www.wsj.com/articles/oil-ticks-up-amid-market-volatility-1532945534

https://www.reuters.com/article/us-global-oil/oil-prices-edge-higher-but-trade-row-caps-gains-idUSKBN1KK032

Another biggie reporting today:

https://www.cnbc.com/2018/07/30/caterpillar-earnings-q2-2018.html

'' Earnings: $2.97 per share vs. $2.73 per share expected by Thomson Reuters.
Revenue: $14.01 billion vs. $13.89 billion expected by Thomson Reuters.''

3% pre-market sp rise but sp has dropped 10%+ this year already......and not really made that much of an impact to the futures in truth......

''The Nasdaq Composite Index late-afternoon Friday was on track to post its worst daily drop in over a month, as widely held and popular technology and internet-related bets slumped. The Nasdaq was down 1.7%, at last check, at 7,716, which would mark its steepest one-day tumble since June 25, when it fell 2.1%, according to FactSet data. A decline in the so-called FAANG stocks''

:)

Let's hope it continues this week. No doubt it will hit new ATHs in weeks to come but hoping for mini correction this week prior to new, new, higher highs, bigglier, to the moon ATHs......!

Whether it was sell the rally, beginning of QT as we end the month, relaisation rally is overdone and bubble forming again, who cares. Indice drop was welcome especially tehfact it followed the GDP data and Numptie's speech of how great he is....how many times can one use the word 'tremndous' in 10 mins exactly??!

https://www.cnbc.com/2018/07/27/us-stocks-economy-earnings.html

Shame his figures dont tell the underlying story and that the figures are 'manipulated'.....i.e. the story is not as good as he is making out but most know that already dont they............don't they??!!

https://www.marketwatch.com/story/nasdaqs-afternoon-drop-puts-it-on-track-for-worst-day-in-2-months-as-faang-stocks-take-a-beating-2018-07-27

https://www.cnbc.com/2018/07/27/us-stocks-economy-earnings.html

FINALLY!!

Friday aftrn after asking why Trump felt the ened to give a speech following GDP, NQ tanked. It was def'y sell the rally.

NQ which had been frustrating due t unstoppable rally despite FANG stocks bombing or failing to astound hit ATH day after day.

*But* then short came good finally on Fri aftrn when NQ dropped over 250 points!! :D :D :D A further drop o/n was also very welcome....:)

Dow fell also as did DAX but were fairly resilient in comparison and SPX having hit 2850-ish dropped abt 40-50+points.

But it was NQ which was sooooooooooooo overbought and at stupid levels due to FAANG that finally bombed after waiting 2 weeks for short on it to come good.....

Still wanting anthr 150+ min'm point drop this week personally and hoping Fed and Apple help deliver this :)

FOMC Wed eve; NFP Fri aftrn

Apple results tmrw eve....hope the ruddy thing tanks more than NTFX and FB and NQ did last week (yeaaaaah, finally!)

BoJ decision tmrw......

Not for the faint hearted this week that's for sure.....nerves frayed already!

Oh yeah, and flipping ESMA starts today............another gazillion accounts going to get blown out me thinks....

...Afternoon, whichever!

Busy, busy week market-wise lined up......going to be a super volatile one this week!

GLA:)

a great weekend all! :)

Yup, that was the essence of it, ho hum..... :D

bigging himself up, er, I mean the economy............;)

''Bestiest, biggiest,brilliantiest blah blah blah all cos of me, me, me......''

Im guessing that's going to be the jist of it.......zzzzzzzzzzzzzz

https://www.youtube.com/watch?v=CWd-Qb6xeus

Think some peeps reading too much into this ie something that isnt there but tweet helped sp rise and LTH already know abt the potential of the Permian Basin anyhow;)

https://twitter.com/mlofgran/status/1022764937121333248

Mind you, as expected, it's brought out the rampers, give me strength............!

Q2 GDP 4.1%, Exp. 4.2%

More bad results; 18% down pr US open...

https://www.cnbc.com/2018/07/27/twitter-earnings-q2-2018.html

https://www.bloomberg.com/news/articles/2018-07-27/twitter-projects-users-to-decline-profit-short-of-estimates

''....users dropped by 1 million in the second quarter, and predicted that number will decline further as the company continues to fight against spam, fake accounts and malicious rhetoric on its social network. The shares plunged 17 percent in early trading''

Huh??!:)

E'thing remained unchanged as expected so that wont please Trump.

''The ECB's interest rate on its main refinancing operations, its marginal lending facility and the deposit facility will remain unchanged at zero, 0.25 and -0.40 percent, respectively.''

https://www.ft.com/content/8d5d8d4e-90b4-11e8-bb8f-a6a2f7bca546

https://www.cnbc.com/2018/07/26/ecb-keeps-rates-unchanged.html

being the big news today.

If above 4%, will undoubtedly send indices igher. Wldalso be highest level since June 2014....

https://www.forexlive.com/news/!/trump-hones-his-gdp-tip-not-53-but-if-it-has-a-4-in-front-of-it-were-happy-20180727

https://www.nytimes.com/2018/07/26/business/economy/economy-gdp-trump.html

https://www.marketwatch.com/story/stock-market-investors-cant-remember-the-last-time-a-gdp-report-held-such-import-2018-07-26

Markets buoyant, indices flying, e'one bullish, nothing can go down ever apparently.............until it does.............out of the blue......

Revenue growth of 39% to $53billion! Mcap now of $877billion and share price up 50% since beg'g of the year........

https://www.bbc.co.uk/news/business-44972149

https://www.theguardian.com/technology/2018/jul/26/amazon-profit-second-quarter-2018-advertising-cloud

Friday is here!

Have a great day all:)