how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

KEY EVENTS TO WATCH FOR:

7:00 AM ET. MBA Refinancing Index (last +16.8%)

8:30 AM ET. Initial Jobless claims for wk. of Dec. (seen -3K; last -22K)

8:30 AM ET. November Durable Goods Orders (seen +0.8%; last
+3.4%)

10:00 AM ET. DJ-BTM Business Barometer for wk. of Dec. 13 (last -
0.1%)

10:00 AM ET. November New Home Sales (seen +1.2%; last -3.5%)

12:00 PM ET. Grain and Livestock markets close early in honor of
Christmas Eve

1:00 PM ET. Stock Market closes early in honor of Christmas Eve

2:00 PM ET. Bond Market closes early in honor of Christmas Eve

Ym is range bound and with the mad cow scare,dollar getting a pasting on all fronts its not surprising- but one thing that i have learnt from experience and scars to prove is that in this market ASSUME NOTHING the market can do anything and with the recent weak openings and strong closings anything is possible.
ps: even if the market does not head south i am sure the traders will be full of shorts (the liquid kind) at the early closing of 18.00hrs gmt.

rgds
zarif

Key levels to watch for todays Boxing day trading.

rgds

zarif

Hi
Anybody out there?

Whats your guess for today Zarif?


Tariq

tazzo1:
Due to the festive holidays the vols will be low and the volatility whipsaws etc will be high.The trend is your friend and is long.Traditionally the last 5 days before new year are up days ending the last year on a positive note so my guesstimates is long. But u should be able to hopefully scalp longs and shorts if you look at the key levels long above say 10375 and shorts from 10275 (these are daily not futures).
supports and resistanes being:
s2:10285
s1:10304
piv:10327
r1:10349
r2:10365
r3:10401

i hope it helps.

Ps: look at dow chart on top of header and signal watch for guidance.

rgds
zarif

Yes I'm hear - I wouldn't mind knowing either!

I forgot that the US closed early on Boxing day and left a Dj long open (a first for me!). Checked in today to trade UK shares, only to find currently more than 25 pts up! All morning I've been holding off closing the position, wondering how far it may go - as I have a habit of getting out too early! Will try and hold on until US open and see what happens then.

Well done lw: U see sometimes things just happen right and no matterwhat anyone says all the ta etc helps but if "luck" is with u u cant go wrong. I hope u cream the dow today.

rgds
zarif

Thanks zarif - but I'm starting to get nervous, as the saying goes " a profit is only a profit if you take it!"

Lw: Move your s/l to lock in the profit. I think the dow is going to be up today and tomorrow and i would put the ceiling around 10410 and then down move tomorrow around 6-7pmour time. How is that for my xstal ball. Lets see if it happens like that.
rgds
zarif

Zarif, you'll have to excuse me for being dim, but I'm not sure what you mean by "move your s/l to lock in the profit"

lw: say you have position open long at 9000 (s/l at 8950) and the price now is 9200. then to lock in your profit just move the stop at say 9180.there will be a bit of trade off and also you have to watch as to how close u can move the stop depending on the s/b co and min points away from mkt etc.

rgds
zarif

Oh I see. I've not been using stops because I find they don't get carried out!

Thats also why I always try to close a position in the same day if I can. Will put one in place incase for once they actually will action it.

nice to see you're making some dosch on the dow, lw.
who are you spreadbetting with, may I ask?
if they don't carry out your stops it might be time to change them.
using stops really makes life a lot easier, especially when in profit.

hi zarif.

hi snoball:
Hope u r recovering from the hangover from xmas and getting ready for another.
had a good payout on long eur/usd. Reckon the dow will hit 10400 today? then retracement if not today tomorrow?
rgds
zarif

D4F(CMC) - I know I should move my account else where - but I have completed so many forms for opening banks & dealing accounts this year, I am fed up of having to prove I am who I say I am and I live where I live.

Thanks Zarif.
Best of luck everyone

Tariq

Little woman. Not much the matter with CMC - I've had three spreadbetting accounts, with IG INdex and Cantor, and prefer CMC.

I have just started entering stops on some trades. It's really very easy. As Zarif says, if you are in profit on a long trade, put the stop-loss above where you entered so you can't lose. I only use the internet for all my trades, rather than the 'phone, because my hearing is very bad.

In the grey New Order box go to the white Market box and click the arrow on the right, moving down to Stop. Then alter the Price box to the price you want to come out at if the trade goes against you. Just one thing - you must set it so many points away from the market price - you can tell when you've done this because the Place Order box goes from grey to bold.

Check you've got the correct amount entered and the correct Expiry (ie rolling cash, or Monthly bid etc). When you click the Place Order button the main box goes yellow and then Cyan. It will stay cyan until either the price is hit, or you cancel.

If you close down cmc, leaving the Stop in place, the cyan box closes but you can check the position next day on the blue Pending Orders square below the Options at the top of the main window. You get the little Blotter Request box somewhere in the window asking you which dates you want to check. Click OK and scroll to the right and you have the option of cancelling it.

Hope this helps, as I was abit nervous the first few times I did it in case I did something wrong.