Member Info for Lakshmi888

creeping slowly back up from lows of $1211 and sat at $1231. Looking for $1240 to break else lower lows.
UsdChn took a break yday and fell slightly allowing gold to actually rise after hittting 12 month lows 2 sessions ago.

This was further helped by the usdjpy drop and also dip in the dollar which cld be a little so and so and still bounce back to 9550s area for a 4th time....hope not personally.....

However, it's going to take a lot more to get me bullish. Not until we see $1280+ break, will I be convinced bear period is over....until then...scalp galore only!

Morning Treacle:)

Yup, BTC tradeable even on a Sunday. Know of 2 ppl that were doing it a while back but they had guidance re. its levels and falied to suck me into it try as they might!

Too risk, though that said, shd it hit 3000s, dpnding upon my p/f, I might actually consider it but too late now re. the current rise. 40%!!

Reckon 95% of cryptos will be 'extinct' by the end of this year.....BTC apparently shd do v well so I've actually got this on my watchlist. 1

2 months ago wld never ever have thought of touching it. But then, it was near 20,000 levels; perfect for shorting at that time.....

Hindsight eh?! :)

up 40% within 3 weeks!

Obviously wldnt advocate buying at this level as 3000 still poss on the horizon but.......

https://www.ccn.com/newsflash-bitcoin-price-pierces-8500-extending-bull-run-further/

https://www.forbes.com/consent/?toURL=https://www.forbes.com/sites/billybambrough/2018/07/24/bitcoin-just-hit-8000-heres-whats-pushing-it-up/

Despite rallying following Giggle's data, NQ gave up half those gains yday after hitting an ATH:))

First this:

https://www.cnbc.com/video/2018/07/24/great-start-to-open-as-tech-leads-nasdaq-to-record-high.html

Then this:

https://www.bloomberg.com/news/articles/2018-07-24/alphabet-earnings-party-spoiled-as-nasdaq-erases-a-1-1-advance

Netflix (mentioned it shd be shorted yday; n idea why it bounced last week post sub-standard subscriber data) and Tesla (no surprise) not helping NQ currently....

playing nicely for us longs though no spikes, rising steadily and quite slowly c.f normal movements....However, not convinced lows are yet in. This is oil after all...........;)

https://www.reuters.com/article/us-global-oil/oil-prices-rise-for-second-day-buoyed-by-fall-in-u-s-inventories-idUSKBN1KF02Z

https://www.cnbc.com/video/2018/07/23/oil-prices-move-higher-as-tensions-escalate-between-the-us-and-iran.html

earnings data out today.

No doubt will send NQ soaring to the moon being one of the FAANG stocks.................though hopefully not...

https://www.cnbc.com/2018/07/24/facebook-just-hit-a-new-high-and-it-could-breakout-more-after-earnings.html

https://www.cnbc.com/2018/07/24/facebook-q2-earnings-maus-daus-privacy-scandals.html

Morning All:)

Hvae great day and GLA:)

Nasdaq jumped 60 points after uS cose folloiwng release of Giggle's data hitting ATH of 7435!! That's up over 900+ points in approx 2months...........

Strongest of all the major indices, seems no stopping tech....even when earnings is sun0standard or duff eg NTFX.........

https://www.bloomberg.com/news/articles/2018-07-23/nasdaq-claws-back-almost-2-as-trump-amazon-gives-way-to-google

https://www.investors.com/market-trend/stock-market-today/tesla-stock-sinks-jpmorgan-leads-dow/

Lows of 7290-ish up to 7436 in hours. Hmmmmmmmmmmmm........

With FB and Amazon yet to report, seems NQ is off to the moon.

And beyond................

*rolls eyes.....

Alphabet surprised many with good earnings data following US close last night:

''Shares in Alphabet, Google's parent company, jumped as much as 5% in after-hours trading after the firm reported stronger ad sales than expected.

Alphabet earned $32.7bn in revenue in the three months to the end of June, up 26% from the same period last year.

But the record €4.34bn EU fine over over Google's Android mobile operating system knocked $5bn off its profits.

Alphabet reported net income of $3.2bn. Without the fine, it would have been almost $8.3bn, the firm said.''

https://www.bbc.co.uk/news/business-44928900

https://www.thetimes.co.uk/article/alphabet-shares-leap-despite-eu-s-4-3bn-fine-w2s6wvtjw

https://www.theguardian.com/technology/2018/jul/23/google-alphabet-profits-5bn-fine-shares-surge

6% spike hardly surprises....it is one of the FAANG stocks after all......yaaaaawn.

#PumpPumpPump

Safe trading all:)

Neither stock nor CEO flavour of the month....or even year..........things just getting worse...

https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091

https://www.reuters.com/article/us-tesla-stocks/tesla-shares-drop-after-report-on-supplier-talks-idUSKBN1KD1CE

https://www.news.com.au/technology/innovation/inventions/elon-musk-is-a-total-fraud/news-story/f849a58894956424f03e7606a222b9eb

https://www.wsj.com/articles/teslas-numbers-are-even-more-dramatic-than-its-ceo-1525528800 (and that was 2+ months ago)......

Morning treacle

Gold down only due to the fact both dollar and usdjpy bounced back. I was long since fri and closed positions as it failed to reach 1240 and am short now. Just scalping....

I dont think many ppl are waiting for a crash tbh....why?

Re the indices if anything, e'one is mega bullish. Too bullish. That's when the longs normally get caught out....imho...NQ definitely weaker now and diverging from SPX.....

Re PMs, mainly dpndnt upon currencies/currency war than anything else.....$ drops and China stop devaluing yuan, watch Gold bounce again....exactly as per Friday.....aimho....If $ bounces backk again, then gold falls again. Rinse and repeat until Numptie sorts things out;)

report earning today.

Facebook tmrw.

Amazon Thursday.

Cripes, gonna be a volatile week esp for the FANG stocks and volatility shd be even higher in NQ and Dow...:(

https://www.thestreet.com/investing/google-reports-earnings-on-monday-5-things-to-watch-14657704

https://www.cnbc.com/video/2018/07/19/facebook-google-alphabet-amazon-earnings-what-to-expect.html

https://www.thestreet.com/video/nyse-trader-expects-blowout-earnings-from-alphabet-amazon-and-facebook--14657178

Personally I think we're in a bubble and the actual earnings' growth of these companies is not truly represented in their sp.....ie the growth cannot justify the increase in sp% over the past year..imho....esp for FANG stocks...

Bet Netflix is worth a short despite its bounce last week....

#BubbleBubble......

And now this:

https://www.cnbc.com/2018/07/23/japan-government-bond-yields-up-sharply-on-boj-policy-speculation.html

https://www.businessinsider.com.au/australian-bond-market-implications-bank-of-japan-2018-7

No surprise there seeing as they're 'working' with the US to suit Trump's agenda at all times...........no Trade War against them, eh Trump??

leaving monetary policy steady as per Friday....

https://www.cnbc.com/2018/04/26/bank-of-japan-on-monetary-policy-interest-rate-and-cpi.html

#Manipulation

http://www.kitco.com/news/2018-07-20/Kitco-News-Weekly-Outlook-Has-One-Tweet-Reversed-Gold-s-3-Month-Downtrend.html

''The President doubled down on his comments Friday morning in a tweet questioning why the U.S. is raising interest rates as debt is growing and coming due. He also called out China and the European Union for manipulating their currencies, taking away the U.S.’s competitive edge.

China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field...''

Of course Trump totally forgot to mention how he and BoJ are completely manipulating the $ and hence US indices. Hypo-flaming-crite!!

Managed to finally have a decent bounce from $1211 to $1234. Failed to break $1240 yet so not out of its precarious position quite yet.

Dollar failed to break 9550 and 100+pip drop in usdjpy all helped in gold's $25 decent bounce since Friday.....:)

https://www.cnbc.com/2018/07/20/gold-just-entered-into-a-death-cross-and-some-see-more-pain-ahead.html

Hmmmm...the fact CNBC are bearish means one shd go long!! (contrarian indicators, lol!.......).....Funny how they state this when gold has already dropped $150 from $1360 yet CNBC were bullish al the way down. Muppets!!

Just need Gartman saying it's going lower and Im defo going long!! ;)

now aimed at EU........

http://www.cityam.com/289554/investors-eye-draghis-response-trade-war-threats-ahead

Of course Trump is now gunning for ECB/Draghi as his next step in saving his precious indices.

Failing to win with China who keep devaluing the Yuan, Trump is now pointing the finger at ECB for their failure to increase interest rates and cease QE (whilst US in contrast have $40 billion QT this month) and policy involves another 7 interest hikes in the coming years! (not going to happen!)..........

https://gulfnews.com/business/sectors/markets/flailing-euro-is-unlikely-to-find-any-succour-from-ecb-meeting-1.2255205

havig hit 12700s last week is already at 12400s in 2 sessions!

Watch out Germany...

'' EU-US Trade Tensions

Trade wars is at the forefront of investors mind which has led to a cloud of uncertainty for equity markets. This week, EU’s Juncker and Malmstrom will be meeting with President Trump on July 25th, whereby both EU representatives will be looking to ease trade tensions. This has centered around the auto sector in recent time with the EU having higher tariffs on cars at 10% compared to the US at 2%. Trump has previously threatened to hike tariffs on cars and auto parts from the EU to 20% if tariff rates are not lower.

Consequently, an easing of the trade dispute between the EU and US will likely provide a boost for the auto heavy DAX index. German auto names, Daimler, Volkswagen and BMW make up roughly 12.5% of the DAX.

Aside from trade uncertainties, the latest ECB meeting is scheduled on Thursday. As the ECB begin to exit from its ultra-loose monetary policy, investors will be keeping a close eye on the current view among the council over recent developments. However, it is likely that the ECB will largely stick to the script that risks to the economy are broadly balanced and that they are confident that inflation is on a sustained upward trajectory. As such, volatility for the Euro may be somewhat low and thus keeping price action in the DAX to a minimal. ''

Gas Discovery

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SDX&ArticleCode=hkf519ep&ArticleHeadline=Gas_discovery_at_SD-3X_well,_Egypt&ahc=g3nksyrz