|
10h00 The BIG CALL Opening Report - 26 July 2012
Good Morning, this is John Piper with the opening report, I am unable to do a report tomorrow, Next report Tuesday morning + weekend video clips
Trading in futures, options, spread and binary betting carries a high degree of risk which can lead to losses greater than the amount originally invested. As such it is not suitable for everyone and you should not risk more than you can afford to lose. Important: see 'My Trading Rules' at the foot of this article.
CLICK HERE FOR THE LATEST TTT
CLICK HERE FOR THE LATEST VIDEO CLIP
1. Introduction
We have seen impulsive declines and now we are going through a quieter period which is as we would expect from a corrective phase. I continue to look for more downside once this phase is over. Markets are also awaiting the US GDP figures tomorrow and the market reaction to these will be of interest. For example weak figures (which are likely in this environment) can be viewed negatively as it is "bad" news or positively as it may lead to more stimulation, albeit this has done pretty much zero for the economy so far but that was never the main aim.
2. UK FTSE 100
FTSE is now at 5495
down 2 points. A pretty clear count - see chart below - and it looks lie we have
seen waves a-b of the correction with a c wave rally due. We remain 50% short via the ETF SUK2. We are also 50% long
the VIX via the ETF VIXS.
3. The German DAX
The DAX is now at
6371 down 34 points. The DAX has seen a similar pattern but made new lows today
(but NOT if we look at the 24 hour action) so again a c wave rally is possible. We are now 50% short of the DAX via the ETF
ETFS Fund Company Plc DAX 2X Short Fund
Shares EUR (GBP).
4. The US DOW
The Dow closed
yesterday at 12676 up 59 points with the spreadbetters now quoting it
at 12671 (-5). The pattern here is not so clear as discussed in the video clip
yesterday. We are now
50% short of the NASDAQ via the ETF Proshares Trust Ultrashort QQQ
5. The Japanese
NIKKEI DOW
The Nikkei Dow
closed at 8443 up 77 points this morning. The Nikkei is bouncing in what could
be a wave iv.
6. US T-BOND
Bonds are edging
higher. We remain officially 50% short of shorter dated bonds via the ETF
DB
X-Trackers II IBOXX Short USD Treasuries Tr Index 1C
(XUTS).
7. Gold ( UK cash)
Gold moved up
sharply yesterday and is close t the upper parameter now around $1610/15. We are 100% long via the ETF (PHAU) and entered
when Gold was around $1560. A sustained break down may confirm a deflationary
environment and, in view of all the Government action to prevent this, such an
environment may prove devastating.
8. FOREX
GBP/EUR
is falling back but no change to the uptrend. The GBP/USD
is back on the lower parameter.
Any comments?
email john@john-piper.com
web http://www.johnpiper.info
Trading Rules -
I may have a number of binary betting positions on FTSE and the
Dow - these can change from long to short at irregular
intervals. I also have long term long positions on
Gold (ETFs) and various short ETFs on T-Bonds, FTSE and S&P.
I trade a number of markets through spread betting, options and/or futures positions. t1ps.com Ltd does not believe that my articles can move the markets concerned.
If I have an open position or positions on any markets which are
the subject of one of these reports at the time of publication of
an article written by me, the existence of that interest and
whether it is long or short will always be declared in the
article in the format 'I have a long/short position in the
S&P/the FTSE 100/Gold' as appropriate. This is in order to
inform readers so that they may assess whether the existence of
any such interest may have influenced the content of the article.
Such disclosure does not constitute investment advice. The time
of publication means the time at which an email containing the
article is sent.
After publication of an article containing a disclosure of an
open interest as above I may alter, or close the position or
positions the subject of the disclosure without restriction.
There are no restrictions on the opening of positions provided
that any open interest is declared as above.
|
The value of investments can go down as well as up. Investing in equities
and ETFs
can lose you part or all of your capital. Smaller company shares can be
relatively illiquid and thus hard to trade. And that makes such investments
more of a high risk than larger company shares. Financial Spreadbetting,
futures, options, and CFD's are by definition a higher risk investment,
losses from which are potentially unlimited.
Before investing,
or if in doubt about the suitability of an investment please seek
independent financial advice.
JohnPipersTrading.com is owned
by t1ps.com Ltd which is authorised and regulated by the FSA and can be
contacted at 3rd Floor,
3 London Wall Buildings, London, EC2M 5SY or on
0207 562 3372.
Disclaimer The information contained in this communication is confidential and may be legally privileged. It is intended solely for use only by the individual named and others authorized to receive it. If you are not the named addressee you are hereby notified that any disclosure, copying, distribution or taking action in reliance of the contents of this information is strictly prohibited and may be unlawful. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of e-mail transmission. Rivington Street Holdings Plc and all associated companies Terms & Conditions apply. The tips, recommendations, and suggestions given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. So, while we would not wish to reduce our liability under the FSA regulatory regime, we cannot otherwise be held liable if individuals suffer losses through following tips contained on this site. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in equities can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy price and the sell price for smaller company shares can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of reliefs from Tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Financial Spreadbetting and/or Binary betting is by definition a higher risk investment, losses from which are potentially unlimited. Rivington Street Holdings Plc - Privacy Policy - Registered Office is Henry Thomas House, 5-11 Worship Street, London, EC2A 2BH. Registered No: 02258507 (Registered in England & Wales) |
