Bull Market ON ?

[Alf W]

Just a gut feel that they've had a good run recently and the DOW and ADR futures for them were looking a bit grim for this afternoon (since I sold they've fallen a further 6/7%).

Similarly my stops on Barclays kicked in so they went as well (combination of bad signs on the ADR futures, 'sell in May' logic and 'sell on fact' logic).

Probably won't look to get back on board Lloyds given no profits this year, uncertainty of what the APS will cover and nasty looking inherited loan book.

Will look to jump back into Barclays but hopefully at a lower price.

Plus, the cash will definitely cover me through the contract doldrums - the shares might not!

[SantaClaus]

Be careful today.

Bank stress tests out at 10pm tonight.

[BrilloPad]

Be careful today.

Bank stress tests out at 10pm tonight.

I thought it was already leaked?

http://news.hereisthecity.com/news/b...ews/9040.cntns

[SantaClaus]

I thought it was already leaked?

http://news.hereisthecity.com/news/b...ews/9040.cntns

Yep, you're right Brillo. Don't know how much of it has been leaked though.
Maybe the good bits
Wonder why they are releasing it when the markets are closed?

[OwlHoot]

The markets gonna come down with a hefty bang very soon IMO !!

That's the spirit CyberTory - Not saying you're right necessarily, but here's hoping

We wouldn't want Gordon Brown getting ideas above his station and seriously starting to believe Labour might actually win the next election!

[Cyberman]

Can I ask why? There cant be much more bad news from them?

One of the banks came out with further bad news on debts today, in that it expects a 50% increase on previous estimates. Not sure whether it was Lloyds but anything like this will inevitably spook the sector.

[GreenerGrass]

Oil is close to $57
anyone buying oileys BP, RDS ?

I'm still bearish on the market (most of pension pot in absolute return funds) but bought some BG Group the other day in my SIPP, will probably add BP and Shell although these are already held in some funds.
Among other things I've started drip feeding into a junior oils trust and also a BRIC fund, I don't care if they drop in the near future as I will be feeding the money in over a few years.

I think investing over the next 10 years will reap more return than the last 10 years did. I was nearly 100% in cash this time last year.

[SantaClaus]

It's sinking today and I got my money where my mouth is.
Short Dow Jones future, but this is an intraday trade.

[ace00]

It's sinking today and I got my money where my mouth is.
Short Dow Jones future, but this is an intraday trade.

Current futures:

Dow Jones +60.00 8447.00 5/8 3:29am

Still early though.

[SantaClaus]

Current futures:

Dow Jones +60.00 8447.00 5/8 3:29am

Still early though.

8442 was my entry.

Only one thing worries me, that is Non Farm Payroll at 13:30 which always causes a huge volatility spike. I'll close or set to b/e before then.

Decisions can change very quickly with intraday trading.