Daniel Mankani "DynamicTrader – Trend Trading Dynamics" Trading for a living, systematically profiting from longer term trends.


Highlights From Xi Jinping’s Davos Speech

Highlights From Xi Jinping's Davos Speech: Attacks Protectionism, Praises Free Trade, No Intention To Devalue YuanIn a speech that struck all the right platitudes with this pro-globalization audience, Xi Jinping, the first Chinese president to attend Davos, slammed protectionism, voicing his support for free trade, and saying he has no intent to boost China's competitiveness through Yuan devaluation.

Here are the key highlights:
China has no intention of boosting its competitiveness by devaluing the RMB, still less will it launch a currency

China is expected to import $8TN of goods in the coming 5 years

China to attract $600BN of foreign investments in 5 years

China to make $750BN of outbound investments

China will keep its door wide open

Many of the problems troubling the world are not caused by economic globalization

No one will emerge as a winner in a trade war

The international financial crisis a result of excessive pursuit of profits & lack of financial supervision, not globalization

He says protectionism is like to "locking oneself in a dark room"

We must face the challenges of climate change, aging population, and address the negative impact of automation on jobs

We must release its positive impact and rebalance the process of economic globalization

Lay out issues restraining global growth as follows: i) lack of robust driving forces, ii) inadequate governance system, iii) uneven global development

Globalization has become "Pandora's box" in eyes of many, but world economic problems not results of it

Economic globalization is a double-edged sword and we must adapt to and guide it

The most pressing task world faces now is to get global economy out of recession

World economy remains sluggish for quite some time while new path for growth remains elusive

Stresses importance of #innovation as a key driving force of growth for individual countries & global economy

Make a full use of opportunities brought by globalization, but work together before challenges

Bottom line: China, a fervent supporter of free trade and globalization due to its still quasi-mercantilist economy, has sided with the Davos elite and remains on collision course with Trump's protectionist policies. It is still unclear who, if anyone, will blink first.


Golds second best night, tonight’s closing could be impulsive.

12/30/16, 2:30:07 PM:

Gold just had a field day, in fact the best day since feb 11 2016.

You know what happened on this day, gold jumped up 2.5% intraday and marked a high at 1265/-, this marked the first major top since the bottom was made in dec 2015, at the price of 1046/-.
12/30/16, 2:34:23 PM:

It's beautiful, how technical analysis works.

I recall this date very well. I was on the yacht in Langkawi with Ramesh, he needed a good place to sleep, sleep deprived, so told him, the best place to sleep is always on the water. We went to Langkawi, while he slept, I was trading.

12/30/16, 2:41:20 PM:

Gold high of 1265/- made on that night and spiked even higher to complete, and then it reversed hard, while the Dow made a significant low at  15503.01 at the same time/day and the spx hit 1867.75 low and closed the week near the highs of 1937.12, a significant bottom made and it never threatened it lower, ever since then again.

Today, we are talking, 20k Dow and 2300 on SPX. A gain from the lows, how much???, all within a year.


12/30/16, 2:43:41 PM:

The feared, the scared, act on impulse. All that money will want some resolution tonight, how we close the year, determines the new year.

12/30/16, 2:44:07 PM:

The feared, the scared, act on impulse. All that money will want some resolution tonight, how we close the year, determines the new year.

12/30/16, 2:49:59 PM:

All that money, all that profits to protect, all that bias, perception play, making new highs on the basis that trump is great, is all utter bullshit and that of a major distribution pattern.

Gold"s play also very interesting and telling, someone bid 3.5b of national money in contracts in gold last night, but why??! Is this quite mkt.

And the second key pension funds rotations, also makes one to question, why is this quite mkt???

While obama is doing everything to make life difficult for everybody and significant developments in the geo-political front?

Is this fundamentally connected??? And is the trade of going short technically valid.

From the look of things, it looks so, we will close lower on stocks tonight and such a move will be impulsive.

12/30/16, 3:07:51 PM:

In quite mkts, try rotating stocks, you are in for a very big slippage, only the morons on trading desks, all decision makers not around, so when they go to sell, they will encounter a bid less mkt and with very big possibility to slip.
Let's see by how much, if the above statement is true.

The first leg was from 2277.77 high on the spx and 19933 on Dow march futures, cash Dow hardly made it the last 13.33 points needed for saying, hurrah, 20k done today, trumps rally.

Last night lows were, 19726 and 2238.25 on the futures, respectively.

Judging from this, the next leg down, targets, 2220 esh7 and 19600 ymh6 on the Dow, a near about 1% down day or more. They will, just call it profit taking.

And this is technically sound as, and this could be the only one key reason, we called for gold to close near about 1177.00 for the month, whose closing above is highly welcomed for today, and if true, gold"s run up to 1250/- will confirm for a strong attractive target, for a secondary bounce, despite even if, gold is due for lower, after this. which we have always called in question and doubt.

All could happen tonight, some will become disappointed, some in misery, but many not knowing, what's going on, they could be cheering 2016 good bye and with it, market historical highs and a volatile start to Jan 20th. The next most significant date.

Someone always knows something, everything in life is, just a game of speculation,

🙃especially in a upside down world, just like now. 😀

I don't even know this guy, and he is running a bucket scam type of unregulated operation using our name, some of our content. What a scam guy? Check out his YouTube channel here.


Folks guys who can trade, don't sell their secrets, they give them away free. Always, good intention begets similar results. So be careful who you trust with your own money.

If this is not scam, then what is;

Here he clearly mentioned, on behalf of dynamictrader.com

The YouTube ID of Insert video URL or ID here is invalid.



Trends; Socialist Cycle.

Here is the socialist cycle we are going through written as a pseudo computer program:

Lawmakers tout free stuff

People demand free government stuff

People elect lawmakers to pass laws for free stuff
Lawmakers try to raise taxes to pay for free stuff
People scream no we only wanted the free stuff
Lawmakers run deficits to pay for not so free stuff
More people get free stuff
Lawmakers raise the deficits higher

Lawmakers forced to raise taxes to lower deficit
Central bank lowers interest rate to lower debt cost and make capital available to people
If taxes cannot be raised or interest rates cannot be lowered go to reset
People are now poorer and in need of more free stuff
Go back to start.

If Central bank has credit do a QE else Currency is devalued.
If Central bank is out of credit go to bust
Go back to start.

All forms of Credit and Debt are exhausted and the bubble is popped.
Debt devalued by large amounts.
Most Free stuff is done.

Country can only import using the exact credits of export because world credit is dead (for the moment) 


Pressure builds up among the elite. Vice President Joe Biden warned President Barack Obama

Pressure builds up among the elite. Vice President Joe Biden warned President Barack Obama that the underlying rationale for the 2009 troop surge in Afghanistan was profoundly flawed, according to a leaked memo that is set to be published this week in a new book about the war in Afghanistan.



Greece’s designated finance minister resigns

Greece's designated finance minister resigns, he justs walks in, sees greece balance sheet, and resigns, splat! How funny is that! Can greece agree to austerity without greece finance minister who fell ill earlier. Don"t know now when they will have that special euro meeting again.

ATHENS, Greece (AP) — Greece's designated finance minister resigned Monday after being rushed to the hospital on Friday, the prime minister's office said.

Vassilis Rapanos, chairman of the National Bank of Greece, had been named finance minister last week in the country's new three-party coalition government. But he was taken ill before he could be sworn in Friday and has been in hospital ever since.

Rapanos has sent a letter of resignation to Prime Minister Antonis Samaras and that was accepted.
The startling development came as Germany tamped down expectations that this week's European Union summit would emerge with any significant action on Greece as the debt-strapped nation's two key politicians struggled with health problems.

Samaras himself was released from hospital Monday after undergoing eye surgery to repair a detached retina over the weekend, but will have to stay home for several days and won't be able to travel to Brussels for the EU summit. He was still planning to speak by telephone later Monday with President Barack Obama.

The EU summit this Thursday and Friday comes just a week after Greece's new coalition government was formed following months of political turmoil and two inconclusive elections. It was to have been a key test of Athens' hopes of renegotiating some of the austerity measures it has agreed to in return for billions of euros in rescue loans from the International Monetary Fund and other European Union nations that use the joint euro currency.

It was to have been preceded by a visit to Athens starting Monday of Greece's debt inspectors, known as the Troika — representatives from the European Commission, the European Central Bank and the IMF. But that visit was postponed until Samaras and Rapanos can recover.
Rapanos, meanwhile, remained in the hospital after being admitted Friday complaining of severe abdominal pain, dizziness and nausea. The hospital said he would be released on Tuesday but did not elaborate.

Without the troika report on Greece's progress in economic reforms required by its international bailout, Germany said it would be premature to expect any new decisions this week. Samaras has been pressing Greece's creditors to revise the bailout deal, which is despised by many ordinary Greeks.

"The troika needs to go to Athens, they need to assess the status of the program, then they need to brief the eurozone and IMF leadership," said Steffen Seibert, the spokesman for German Chancellor Angela Merkel. "On the basis of this assessment, one can talk about necessary updating of the program — that is the road map that everyone in Europe is following and that's why we don't expect any sort of a resolution on Greece at the EU council."

With fears that Greece's problems are not getting resolved soon, the Athens Stock Exchange general price index closed 6.84 percent down Monday.

Greece will still be present at the EU summit, sending a delegation with outgoing Finance Minister Giorgos Zanias, one of the key negotiators in Greece's bailout agreement. As Rapanos fell ill before he could be sworn in, Zanias still holds the title.

And the delegation will be led by the country's president, 83-year-old Karolos Papoulias, the government announced Monday. While the presidency in Greece is a largely ceremonial post, his presence would adhere to EU regulations about summits.

It was unclear when the postponed troika visit would take place.

"First, our concern is for the health of the prime minister and finance minister," European Commission spokesman Amadeu Altafaj Tardio said in Brussels, adding that debt inspectors would head to Greece "as soon as possible."

Samaras' government, comprised of his New Democracy conservatives, their long-time socialist rivals PASOK and the small Democratic Left party, has issued a policy statement outlining changes it would like to make to the terms of its international bailout. Those include repealing certain tax hikes, freezing public sector layoffs and extending by two years the mid-2014 deadline for tough austerity measures.

Whether Greece can amend the terms of its loan agreement will depend on how the proposals are viewed by its international creditors. Germany, the largest single contributor to eurozone bailouts, has repeatedly said Athens must stick to its austerity pledges.

"One thing is clear," German Foreign Minister Guido Westerwelle said from Luxembourg. "We cannot allow everything to be negotiated again. We can also not allow discounts to be granted. What has been decided upon stands. That the (Greek) election campaigns have cost time is obvious. That's the situation and we have to deal with it. But the fact remains that the agreements must be implemented."

Seibert also stressed that Greece must stick to its commitments.

"A program has been agreed upon, a program goes for every government, no matter if it's a new government, and the program is the best way to see Greece return to economic health," he said.
In Brussels, Altafaj Tardio also stressed that "Greece has to face its financial obligations," adding that before any further funds can be disbursed "there has to be a thorough analysis."

"It's no secret that there have been delays in several areas of implementation," he added.
The latest figures released by the finance ministry Monday showed that Greece's budget deficit for the first five months of the year was better than expected, standing at €10.87 billion ($13.63 billion) instead of the target of €12.89 billion ($16.17 billion) on a modified cash basis.

Revenue, however, was below target with the state budget net revenue standing at €19.67 billion ($24.56 billion), €926 million ($1.15 billion) short of the targeted €20.6 billion ($25.73 billion), due in part to lower domestic consumer demand and lower tax revenues.
The ministry said "this revenue shortfall was more than compensated for by the savings in State Budget expenditures for the first five months of 2012."
David Rising in Berlin and Toby Sterling in Brussels contributed.


INR now at 57.21/22 with highs of 57.33 netdania reports

INR now at 57.21/22 with highs of 57.33 netdania reports

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Stocks Drop as Commodities Enter Bear Market on Economy

U.S. stocks tumbled, driving the Standard & Poor’s 500 Index to the second-biggest loss of the year, and commodities entered a bear market while Treasuries and the dollar rallied as reports on global manufacturing fueled concern the economy is slowing.

The S&P 500 sank 2.2 percent. The S&P GSCI commodities gauge slid to the lowest level since 2010 and is down 22 percent from a February peak. Oil fell below $80 a barrel for the first time in eight months. Ten-year Treasury yields lost four basis points to 1.62 percent. The dollar gained versus all major peers. S&P 500 futures rose 0.3 percent at 6:21 p.m. New York time after bank credit downgrades announced by Moody’s Investors Service matched expectations.


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Trading Tip: Watch the futures and not the option price.

If you have a position on an option, always watch the underlying instrument for technical trading directions, the underlying drives the derivative, whose pricing determined mostly by its own supply and demand. Therefore, dont watch the options price when trading, instead focus on the underlyiing.

if u see the underlying moving, breaking ur levels, then decide on the options price you will trade at, the decision making process of the trade, should be based on the futures direction, and not on the option price.

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Nifty M12, 5120 gives way.

5120 gives way, now 5110 key. then 5097-5101 in focus, 5124/5 caps.


India Nifty M12 – Last 5128.70 {Short)

Day so far. Opens gap down. Then Range trading 5133-5145, keeping 5149 intack, dangling holding up near 5130 region, While key Pivotal level, remained at 5110 from the (5342-4840 move). Key levels to watch, maximum for this bounce, 5173,5178 and 5217 should cap all attempts, to keep bearish forces alive.

Going short against these levels.