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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
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asad
London, UK
Posted Anonymously
15 years ago
Feb 5, 2010 1:21
Btw, it is times like these when technical analysis is thrown out of the window & fundamentals prevails. I'd love to see if all the tech indicators predicted the yoyo-ish movement of oil during the last week!
asad
London, UK
Posted Anonymously
15 years ago
Feb 5, 2010 1:19
Joo,

My thoughts? Well...it's going here & there like a yoyo! Within this week, we saw 73...77 (78?)...& now back to 73. It's a blessing that I've been away from the market due to some other interests...otherwise, I would've been WELL-shafted!!

If you take my advice, stay away for a fortnight - a LOT is in the offing.

On a fundamental note, Big Oil has given a doomsday scenario for oil this year. Even GS is reconsidering (well, they reconsider on a daily basis *heheh*). More serious...the funds are shifting from Europe to USD (due to probable sovereign defaults)...which could, & would, weaken oil!

If at all you feel a tingle, open a SMALL short position...otherwise, just wait & see. Scare yourself w/ the 73 - 77 - 73 that happened.

Tomorrow's Friday - let's see if we've a (usual) tricky close...


Asad
speculator
Posted Anonymously
15 years ago
Feb 4, 2010 23:50
90% positive global stocks will face a poor year this year after jan we may finish off year lower. this year is not 2009 in the slightest = dollar strength
joo
london, UK
Posts: 22
15 years ago
Feb 4, 2010 23:39
@Asad,
would you mind to share your views on uscrudeoil for coming two weeks? and as a new trader what point should I consider for oil price movement?
Many Thanks in advance...
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 4, 2010 18:34
chloe, tough call tomrrow because we had enormous moves today. USD should rise as long as we have a NET CREATION of jobs. also youc an play CAN jobs 90 mins before.


Ashraf
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 4, 2010 16:31
Yes, I can't keep up either. Some amazing changes this week. I'll have to stop saying "amazing"...but how else do you describe it....?
chloethebull
Posted Anonymously
15 years ago
Feb 4, 2010 16:05
thanks pippedoff, its amazing how the dynamics have changed with currancies,risk appitite an the way the data is veiwed,im tryn my best to keep up with it all..gl have a nice day
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 4, 2010 15:43
Chloe-doesn't matter. Any number will be viewed USD positive.

Strong number reinforces fake US recovery, so buy USD.

Weak number creames risk, so buy USD.

A far cry from one month agaoo.
chloethebull
Posted Anonymously
15 years ago
Feb 4, 2010 15:38
i might be mistaken..tuesday adp# were pos+ an i think thats the data that gives us a peek into fri nfp+unempl rate..not sure how todays data factors into fri..if it does change anything i would appreciate hearing ..thanks
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 4, 2010 15:37
Perhaps Goldman's next call will be to sell Gold, lol.

They are going to have to come out with a bullish call on equities soon to save their nprecious stock price.
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