Archives of “goats” tag

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Eurostoxx futures +1.1% in early European trading

  
Analysis, Global Indices
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  • German DAX futures +1.0%
  • UK FTSE futures +2.4%
  • Spanish IBEX futures +1.0%
This follows a round of solid gains across the board to start the week yesterday, in which we saw the DAX starting to break out to fresh highs in nearly two months:
DAX

European major bourses are closing lower on the day

  
Analysis, Global Indices
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German DAX -1.0%. UK FTSE, -0.9%

The major European bourses are closing lower on the day.  Global concerns about the impact of coronavirus have sapped the energy from the stock market.
The provisional closes are showing:
  • German DAX, -1.0%
  • France’s CAC, -0.7%
  • UK’s FTSE 100, -0.9%
  • Spain’s Ibex, -0.6%
  • Italy’s FTSE MIB is trading near unchanged
In the European benchmark 10 year debt sector, yields are trading lower on the day. The Italian yields are down the most at -9.3 basis points. The others countries yields are down around 5 basis points each. Below are the basis point changes as well as the high and low yields trading today:
German DAX -1.0%. UK FTSE, -0.9%_

European shares get a lift in trading today

  
Analysis, Global Indices
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Spain’s Ibex is the exception as they sort through the political uncertainty

The major European stock indices are ending the day higher. They got a boost from the Trump administration saying tariffs on European auto imports would be delayed 6 months.
The provisional closes are showing:
  • German DAX, +0.75%
  • France’s CAC, +0.58%
  • UK’s FTSE 100, +0.65%
  • Spain’s Ibex, -0.8%
  • Italy’s FTSE MIB, +1.24%
  • Portugal’s PSI 20, +0.18%

European shares close with gains

  
Analysis, Global Indices
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10 year yields are lower

The major European indices are ending the day with modest gains. The provisional closes are showing:
  • German DAX, +0.1%
  • France’s CAC, +0.2%
  • UK’s FTSE, +0.9%
  • Spain’s Ibex, +0.3%
  • Italy’s FTSE MIB, +0.65%
In the 10 year benchmark note sector, yields are lower with Italy and UK yields down sharply. The UK PMI construction data was much weaker than expectations and BOE Carney also came out with dovish comments in the NY morning session.
10 year yields are lower

EWI Article: Blaming Market Manipulation is an Obstacle to Success

  
Analysis, Education
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The folks at EWI (Elliott Wave International) released a provoking new article today entitled:

“Blaming Market Manipulation for Losses is a Huge Obstacle to Success.”

The article encourages traders to take responsibility for losses instead of finding scape-goats to blame.

Losses may have just been the result of a bad outcome from a high-probability trade… or might have been the result of a bad trading habit like doubling down on losers or chasing a fast price move.

Mr. Prechter makes the point that “Losses are part of the game” and should be used as learning experiences.

You won’t learn if your loss was a result of random probability or a bad trading behavior if you do not analyze the loss, and instead sweep it under the rug as a painful memory.

I particularly liked the quote:

“You don’t have to be perfect to win in the markets, either; you “merely” have to be better than almost everybody else, and that’s hard enough.”

The article is actually the 4th Point in an article published years ago (not during the current market melt-up!) by Robert Prechter on what it takes to be a successful trader.

It’s brief, but thought-provoking!

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