Member Info for TopCatz

checked out at a tadge under +400 points - That went well

Thank you and good night

Hi Bluebelly - Back now. She's only 6 but can run a mile and a half over hills and what not not far off as fast as me and I'm no slouch ! - For clarity the bull run I'm talking about is the one off the lows which it fell out of on the 14th April (by my charts which are probably out a tadge and are definitely not pin point!) It's been hitting the roof of that bottom channel line and heading southwards last one being today. Not sure what was on your chart but as Sumo says your link doesn't open. Probably your private account on Trading View ?

Good luck with it BlueBelly - This market is so over valued but the traders (especially over the pond) can shift it any way they want. If it had gone up any further I had it slipping into a bull market which is utterly ridiculous. It's as though they've driven it up to maximise the trade down! Just watch your stops as it's so volatile it can really get away from you. I'm sticking with my 3 shots method and quite often needing all three or even busting out after 3 but better than finding yourself 3-400 points underwater. That's not somewhere anyone wants to be and is the overriding danger with indices. They are not always logical as we have seen.

taking my daughter for a run now (got to wear her out!) so see you later

The powers be took this all the way to the top. I'm sure the big shakers can move this market. After a couple of false starts and loses got one on at 6141. Target 1 5731

Good luck all. Quite likely to be a bit of bear run after such a strong rally so watch your pennies if you're a buyer (wait a few days and see what pans out)

*sell off* rather

https://twitter.com/markets/status/1255387756307656709

I ve got somewhere in the region of 6000-6150 as the absolute top of this rally. Bloomberg are suggesting that the real money is still not in so worth noting that we're probably nearing a good place to sell (I'm not talking about JLP specifically at all btw, more likely the FTSE 250 stocks but JLP would be unlikely to buck a sell of if and more likely when it happens) - USA unemployed data out tomorrow and that didn't go down too well last month.

Good luck to you all

*their* even

Hi Kalan - Good to see you around

I agree with your comments regarding the S&P 500 - It's way overvalued and imo it will be the action here that brings down (or at least spurs) the rest of the card houses (Ftse included) - Boeing financials next week and there market cap is huge so might impact to a degree. Watching and waiting

Everyone seems to think that's the end of it today after Trumps rallying (rolls eyes) speech yesterday. Equity up. Gold and gold miners down. There will be chances to pick an entry point for gold but they won't be along that often and last that long.

Good day all. JLP doing very well and probably maxing out for now but who knows - Could be anything !

Any tips on Gold miners always welcome as we all follow miners and also we're all generally in agreement that Gold is currently worth holding in some form or other.

Interesting stuff Positive, Edzi and happy to keep posting.

JLP SP looking good today. Probably an announcement on copper and Kabwe on the cards imo. Whatever it is should be positive. The only thing keeping me out of here are the macro economics .

Thanks for the info on the exchange rates Speedie. Very useful and would need serious consideration on entry.

Yes I'm sure it will do well. Gold will be good for a while yet I'm sure but will be subject to spikes down as well as up that should provide good entry points. It s those horrendous sell off days that take everything with it that will present the opportunities, as always.

Regards

Just <29p would be today obviously and increasing with the bottom of the rising channel.

Hi Kalan.

Just had a quick look at GDXJ (UK) - It's nicely in an up channel but fairly high. MACD all good to go and RSI fairly toppy but still got some juice looking at the action over the last few weeks. Looks like it might be running out of a little steam though on the EMA9 which it looks like it's trading under (Not an essential indicator for me but i prefer it trading over the top of it).

If it were me I would be looking for an entry just under 29p - If it gets anywhere near there the RSI would have unwound a bit which would strengthen the trade.

My opinion only of course but please note i've been chasing the trade i want on CEY for weeks (I'd take 121-122 today) and not getting in so factor in I may be being a bit overcautious with gold miners as they are clearly in demand.

Hope this compares (at least a little!) with your observations.

Hi Kalan

Yes, FTSE appears to be floating around ready for next leg down as you say. USA unemployment figures out at 1.30pm so that could give direction to both markets. I've been trading on shorter time frames, (hours or less rather than days) purely because it seems to work better for me. Daily chart for entry and an eye on the 5 day and yearly. Not quite a pros triple screen but it does a scrot like me haha.

I will take a look at GDX and report back to you so we can see if we see it the same. Might need a day or two to get round to it.

PS, my comment about the FTSE 100 and the skewing of companies by gigantic market caps could easily apply to the S&P too. I imagine Boeing with their massive market cap could have a serious impact and they could well be in trouble if the restrictions on travel are protracted

Hi Kalan , Hope you are well

I won't spend too much time on this one as the shorting conversations around here aren't that favoured but i've been shorting both the ftse and DJI (performs better than the S&P) this week and doing nicely. Got caught out a little last Thursday mind.

I have the FTSE well and truly out of it's mini bull run so woud expect it to continue it's leg down unless it somehow manages to get itself over 5700 within the next day or two. Interesting fact about the FTSE 100 - 5 companies make up 38% of it, Unilever, Vodaphone, BP etc

Hi All

I think the Ka****u news may be bigger than the Star Zinc news here - The mining licence should be a formality now BMR are in the bin where they belong (seems to have taken forever same as with Kabwe).

There is also a theory going around that a bunch of 2p warrants will be expiring on the 20th so no benefit on a steep rise before then (make of that what you will of course!)

On the daily I think GLR has had it's rise but I would expect/hope that there should be more to come over the next few weeks. There are also warrants at 0.6p which should provide extra funding if exercised reducing the risk of further placements.

For clarity I am holding a few of these (my only share currently) so I have a biased head on

Hi Kalan

Yes Jlp chart looking good - see GLR news released today. May be helping JLP. GLR up 50% at time of posting

Yes Kalan. It's hard to do anything other than skin a few pips. Gardening sounds like a good plan. I've been out on the bike again as so little work to do now. I agree with your policy on trading shares. If you get holding a baby make sure it's pretty and you can be confident it will rebound in better times.

Moneyhawk. Yes of course, the wider picture impacts everything across the board with a few exceptions here and there. Unfortunately nothing can really get off the ground and if it does it's invariably sold into so everyone should take an interest in the indices to some extent. Certainly before chucking in the kitchen sink etc. JLP will come good. The work they are doing now will be setting the foundations for future growth and one day the brakes will come off. The indices will let us know when that is likely to be