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Author Topic: Today's Outlook  (Read 840789 times)

Moneypenny

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Re: Today's Outlook
« Reply #30 on: April 12, 2013, 11:14:34 am »
Was it Cyprus' President's intention to write letters to EU, EC and ECB heads that has just spooked the markets?
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Nivek

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Re: Today's Outlook
« Reply #31 on: April 12, 2013, 11:44:19 am »
I'm not sure. The FTSE also took a drop at pretty much the same time.
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Moneypenny

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Re: Today's Outlook
« Reply #32 on: April 12, 2013, 11:51:46 am »
Reason:

Cyprus President Nicos Anastasiades said on Friday that he will ask the European Union for extra assistance to get his struggling nation back on track, as the bailout costs appear to be higher than expected, according to AFP
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Moneypenny

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Re: Today's Outlook
« Reply #33 on: April 12, 2013, 02:45:46 pm »
 US Retail Sales @14:30 came in worst in 9 mnts, down we go even more, not that I mind being short.

Edit: ...but I do feel for all the investors out there.
« Last Edit: April 12, 2013, 03:26:55 pm by Moneypenny »
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Patrick

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Re: Today's Outlook
« Reply #34 on: April 12, 2013, 05:30:38 pm »
Quote from: Moneypenny on April 12, 2013, 02:45:46 pm
Edit: ...but I do feel for all the investors out there.

That's me  :-\

I'm adding a rather large chunk to my portfolio around June. That's when I could use the dip!
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Moonraker

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Re: Today's Outlook
« Reply #35 on: April 13, 2013, 06:20:20 pm »
I missed that about the IMF downgrading US growth.

US growth downgrade weighs on JSE

Quote
Johannesburg - The JSE continued on its downward trajectory on Friday afternoon due to a selloff in world markets after news that the International Monetary Fund has downgraded it US economic growth forecast from 2% to 1.7% for this year.

“There is a big selloff in world markets on the back of the IMF downgrade. This selloff has hit the commodity space hardest with the gold price and gold shares dropping fast. A worse than expected retail sales print out of the US also pushed markets lower‚” said Hennie Fourie‚ stockbroker at PSG Konsult.

A bit more pain there for the commodity boffins.
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Moneypenny

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Re: Today's Outlook
« Reply #36 on: April 14, 2013, 09:33:04 am »
I also missed that one MR, thank you for info.

I wouldn't be too concerned about this itty-bitty fall P, I would personally wait until end May before committing to medium term buys, medium for me meaning 2-3 months tops.

Let me just clarify by itty-bitty: I think current fall is just the beginning.
« Last Edit: April 14, 2013, 09:43:02 am by Moneypenny »
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Nivek

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Re: Today's Outlook
« Reply #37 on: April 15, 2013, 07:38:15 am »
I see a lot of red in the east, china's GDP less then expected. Expecting a downward day today.

http://www.bloomberg.com/news/2013-04-15/asian-stocks-drop-as-u-s-retail-sales-fall-ahead-of-chinese-gdp.html
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Moneypenny

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Re: Today's Outlook
« Reply #38 on: April 15, 2013, 07:45:23 am »
As Nivek said, Asia down atm: Nikkei -1.11%, Hang Seng -1.39%, Shanghai -1.08%, US futures Dow flat, Nasdaq -0.16%, S&P-0.29%, Gold -3.96% @ 1.443 & IG markets  -76.  China GDP came in at 7.7% at 4am today, expected 8.01%.  BoJ Governer Kuroda speaks at 8:15.  Play for today, still short, tonight with US close possible long for short time then back shorting. Good luck all.
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Moneypenny

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Re: Today's Outlook
« Reply #39 on: April 15, 2013, 09:10:13 am »
Closed at -340 points, will be looking again after close for possible long, will see, taking day off.
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Nivek

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Re: Today's Outlook
« Reply #40 on: April 15, 2013, 10:46:48 am »
Quote from: Moneypenny on April 15, 2013, 09:10:13 am
Closed at -340 points, will be looking again after close for possible long, will see, taking day off.

Easy money today  ;D
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Moneypenny

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Re: Today's Outlook
« Reply #41 on: April 15, 2013, 08:12:41 pm »
All-righty then, I'm either stupid or brave enough to go long now.

So stupid then.  3:15pm bomb blasts in Boston, USA - curiously all 3 US futures up.
« Last Edit: April 16, 2013, 01:25:44 am by Moneypenny »
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Nivek

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Re: Today's Outlook
« Reply #42 on: April 16, 2013, 07:47:06 am »
Quote from: Moneypenny on April 15, 2013, 08:12:41 pm
So stupid then.  3:15pm bomb blasts in Boston, USA - curiously all 3 US futures up.

I wouldn't say stupid, the black swan is impossible to spot. I must say, I'm quite suspicious that this attack came so soon after Obama decided to cut defence spending.
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jaDEB

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Re: Today's Outlook
« Reply #43 on: April 16, 2013, 08:21:23 am »
Quote from: Nivek on April 16, 2013, 07:47:06 am
Quote from: Moneypenny on April 15, 2013, 08:12:41 pm
So stupid then.  3:15pm bomb blasts in Boston, USA - curiously all 3 US futures up.

Also think gold should recover a bit, hopefully in not a false bounce..... i thought I had a crap day yesterday..

Hedge-fund manager John Paulson’s wager on gold wiped out almost $1 billion of his personal wealth in the past two trading days as the precious metal plummeted 13 percent.
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jaDEB

If it scares you, it's a sign you need to do it

Moneypenny

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Re: Today's Outlook
« Reply #44 on: April 16, 2013, 10:12:24 am »
Nice surprise after early morning meet :), I was expecting serious loss today but was thinking to let it run negative until it’s happy, luckily for me it was over rather quickly. I will stay long until US closes tonight and short thereafter as originally planned, hope everyone is doing well on markets today.

No, change in plans, closed long at +312 points, looking for short entry point.
« Last Edit: April 16, 2013, 10:52:56 am by Moneypenny »
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