So why have I been quite through all the news recently? Scottish vote, vote in Parliament for decision in aiding and abetting U.S. in their proxy war against Syria and Iraq. The fight between Isis, IS, or should I say Isil, is well underway.
It’s quite well beyond laughable it’s very laughable in itself.
After an astonishing sell-off I am perplexed to say that I am still in profit on the Dow Jones after I dipped in and out of the market several times and was very lucky not to overstay my welcome.
Now, I am in a stand-off within my own mind. I am currently locked in a trade 20 lots long and 20 lots short.
This is a tricky question, as we have seen the sell-off that many bears were calling for since the beginning of time, so it now seems!
My indicators show that over 50% of retailers were calling for the Dow top since it surpassed the level of 16400 on the way up, toward the end of April nearly 4 months ago!
Lately, I have found myself in and out every day trading the Dow Jones. Even with bad sun burn I still maintain a high tolerance when it comes to missing out on a 30 pip rally with this naughty index.
If I get in and it goes against me, I hold the position as I trade with 150-point stops. Once it comes back into profit, I wait and I WAIT for the big move lower and it never comes – so I end up holding the position for longer than I should as it begins its ascent on the way back up.
When it came to setting up potential Dow short positions, the one thing we held in our favour until the fresh birth of the month of July, was the outright ricketiness of the upward gains over the past gains. They were just damn awkward!
We have seen weaker closes and rallies dying off toward the end of the session.
Even though I personally went short some weeks ago and caught a nice 200-pt sell-off between the 10-13 – I only offloaded half my position.
I remain short, because I am willing to ride this a few hundred points higher because I believe when we come off this summer, it will be a hard, fast slump.
Non-Farm Payroll numbers were out on Friday, with slightly better than anticipated, adding 227,000 jobs. How can you play this with fixed odds betting?
Let’s crunch some real numbers and delve a little deeper...
The Dow began the trading week at the high range of 12,900-13,000. Many traders were expecting a sharp pullback of sorts and so was I, but not to that extent that we've seen, yet even so I am surprised as to how little this retracement has been to stretch its legs.
Financial fixed odds betting guru Matt Shaw updates on his everlasting quest to reap the rewards of trading the Dow Jones index. This week he's excited about a window of opportunity for a canny trade or two.
Have a look at the chart of the Dow Jones below. I just want to reiterate how crucial the 12,750 zone really is, as we move forward.
Predicting a market implosion ahead, our fixed odds expert Matt Shaw says the best way to play the market doldrums at present is to sit tight - for now...
So what do I see for the coming time, I very dare you ask? I don’t see a great deal YET, to be frank.
The markets are too quiet for me and I am genuinely getting ready to short this market at particular levels. I am willing to name a date and from that date I don’t think the market will get past that for the rest of the year. If it does, the market will trade higher for a further 3 months before they get a royal spank.
We're in for a good year, says our resident fixed-odds betting expert, as he surveys the scene and doles out his advice on what trades to make.
The stats look good and I can simply feel we're in for a good year. By ‘stats’ I mean a mix of fundamental and technical data that I have thrown into the blender over Xmas that has now produced very obvious readings.
Thu, 1st Jan - * (ShareCast News) - Banks and miners led the FTSE to a lower close Friday, in a session awash with blue-chip news including disappointing annual results from Royal Bank of Scotland and Standard Chartered, among other stocks reporting.