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FTSE / DOW YTD

I'm wondering how long LLOY can stay on the uptrend line. Can we make 60 today?

I'm breathing alot easier today. Looking at L2 the buying on the banks is consistent and doesn't look like the manipulation I've been seeing for weeks. Fingers crossed anyway.

BoE plots action plan to steer lenders through 'no-deal' Brexit - source

Some common sense!

Belfast bakery did not discriminate in gay cake case, UK court rules

Another 90 down today and with 10 minutes to go I was actually doing ok. Didn't end that way of course.


It is my view there is a large party getting margin called here. Perhaps a small/mid sized cap fund. Or perhaps something has gone very wrong at one of the algo funds and other stuff is being sold to keep margin under control.

Some of the trades I'm seeing especially on low cap stuff doesn't make any sense.

2018 for FTSE 100 not been good.

Where we started in January around 7600 and in the mean time some huge swings.

Hopefully US markets hold up. If not could get really messy.

Plop - currently 25560 -3%.

And still going. Now 25460. I am not surprised at the fall but the speed of the fall.

I guess it won't look pretty tomorrow, although FTSE only being called down 110 at 7040. I guess it will have to take out stops at 7000 if not overnight than sometime tomorrow.

200 dma looks like the next port of call again on DOW. Bounced off there previously.

Good Morning.

The Papers

Good morning!

FTSE futures currently down 112, DOW -315!!

Morning all.

Today could be a rocky ride. FTSE being called down 95. Doesn't seem so bad looking at Dow

Morning all, Ex-Div day as well.

Ok, I'm calling the bottom here. Of course if I'm wrong I shall continue to call the bottom over and over.

The price of oil might get in the way of my prediction!

Yes Brent dipped below $82 earlier.

In case you've been away this week! :- European shares hit 20-month lows as Wall Street rout sparks sell-off

Its been a right old rout for many of the AIM big guns (FEVR blue).

Whilst I don't have anything like FEVR or VRS the impact on the rest of the market has been pretty clear. My low cap stocks are struggling and NMD in particular has fallen on almost no volume. PCF just as bad today.

I perceive (lol) anything could happen yet with AIM, whilst I think the wider market will stabilise here. Oil worries me as it could easily fall 20% from here applying further pressure on stops on unrelated stocks.

It's mess. I see the market cap of VRS is still £182m and TERN £30m. AIM may have far further to fall yet although maybe a dcb for now

USD CPI m/m 0.1% 0.2% 0.2%

USD Core CPI m/m 0.1% 0.2% 0.1%

USD Unemployment Claims 214K 207K 207K