Sir Dogecoat's Morning Dispatch — 10th February 2026
In which we silly-walk past 25 candidates and find the Grail glowing for precisely two
Good morrow, brave knights! I completed my Ministry-approved silly walk to the trading desk this morning to find the Grail pen-holder emitting a faint but encouraging luminescence — the continental indices are riding a three-day streak upward, the bias is bullish, and VSTOXX sits at a thoroughly un-terrifying 18.7. 'Tis a day for measured questing, not charging the killer rabbit.
Now then. I sifted through 25 souls this morning and I must confess, most of them have already run so hard they're practically pining for the fjords. RSIs of 80, 83, 88 — by the sacred shrubbery, half of Stockholm has gone vertical without me. HOLMEN at RSI 88.7 and ADX 53? That's not a stock, that's a coconut launched from a trebuchet. SCA-B, SKF-B, Santander — all lovely plumage on the trend, but one does not leap aboard a horse already galloping past the castle gates. These I skip with a courteous "Ni!"
THE QUEST: ARKEMA (AKE.PA) — BUY. Here is where the Grail positively throbs. Arkema has surged 7.5% from session low to high of day, printing Marubozu candles like a medieval press. It's broken above its opening range with authority, gap filled and reversed with extreme prejudice, and the CAC is aligned bullish at +0.34%. ADX at 44.7 and rising, +DI dominating at 42.8 versus -DI at 11.3 — this is a proper crusade in one direction. RSI at 80 gives me pause, but the slope is still rising and MACD histogram, while decelerating slightly, remains positive. I shall enter on any pullback toward the OR breakout zone near €63.00, with stops below the session's structural support. The R:R quests forth at a righteous 1.7:1.
THE WATCH: BP (BP..LO) — potential BUY bounce. BP has been fish-slapped something awful — down nearly 4% from high, RSI at 16.7 with Stochastic at 5.0, sitting right at session lows. 'Tis but a scratch, perhaps, but with FTSE bearish and no confirmed reversal candle yet, I shan't charge in. Should RSI curl above 25 and price reclaim 455p, we may have a counter-trend bounce worth riding. Until then, it's merely "not dead yet."
ALSO WATCHING: SHELL (SHELL.AS) — at HOD with Marubozu candles and AEX alignment, but BB_Pct at 1.00 and Stoch at 99.5 means it's stretched tighter than the Black Knight's remaining arm. A pullback to €32.55 with a hold would be the trigger.
Everything else? Spam, spam, spam. Always look on the bright side — we ride with Arkema!
Hour 11 Update
Hark, brave knights! The midday bells toll and the Grail upon my desk pulses with a warm amber glow — the realm is broadly bullish and several steeds have galloped clean past their opening ranges. Shell has pulled back from its overbought extremes most courteously, now resting at 32.69 with RSI cooled to a civilised 61.8 and Stoch at 63 — 'tis the very pullback-and-hold near VWAP we were watching for, and the plumage remains lovely with AEX riding strong. I shall promote her to a trade forthwith! BP, however, remains deeply wounded — still below VWAP with a bearish trend and FTSE headwinds — 'tis but a scratch it keeps insisting, but the Black Knight has no legs left; we shall discard that sorry fellow. Among the new candidates, Derichebourg storms the castle at HOD with a Closing Marubozu and ADX 38.3 rising — but RSI 85 and BB_Pct 1.08 say the French taunters are about to fling a cow, so we watch for a pullback rather than chase. And M.P. Evans has broken out with Marubozu candles and righteous volume, sitting precisely at R2 — against FTSE headwinds, mind you — so we watch for a hold above 1353 for continuation. The rest are either too stretched, too thin on volume (SFSN traded eleven shares — ELEVEN! That's not a market, that's a very private argument clinic), or running on fumes.
Hour 12 Update
The Grail flickers uncertainly, like a torch in Castle Anthrax — tempting signals everywhere, but one must exercise restraint lest one end up in peril
Brave knights, the midday hour finds us in a curious predicament. Our watches DBG.PA and MPE.LO have produced no fresh features, leaving them pining for the fjords like a Norwegian Blue nailed to its perch. Meanwhile, the new candidates present a most Pythonesque assortment: half of them are screaming upward at session highs with RSIs in the 70s (beautiful plumage, but one does not chase a rabbit into its warren after it's already bitten three knights), and the other half — BAER.CH and STOR-B.ST — are being dragged behind the cart with the "bring out your dead" crowd, RSIs in the low 20s, sitting at session lows. STOR-B.ST in particular has fallen 7.4% off its high with an ADX of 54 — that's not a dip, that's the Black Knight insisting "'tis but a scratch" while missing all four limbs. I shan't catch that falling sword. BAER.CH is oversold at S1 pivot support (67.20) with some bullish candle patterns forming, which makes it the most interesting potential mean-reversion play, but I want to see it actually hold and bounce before committing coconuts. As for the momentum names, BOY.LO catches my eye — gapped down nearly 2%, filled it completely, broke above the OR, and is pressing yesterday's R1 with strong trend indicators and FTSE weakness providing potential fuel if London turns. I'll watch it for a pullback entry rather than chase it at the highs like a knight who says "Ni" without first demanding a shrubbery.
Hour 13 Update
Hark, brave knights! The Grail upon my desk glows with the steady warmth of a bullish afternoon — 'tis not the blinding radiance of a killer rabbit encounter, but a pleasant luminescence that says "the trend abideth." Our ARKEMA quest rides on, SHELL was rudely turned away at the gates like a French taunter's cow, and now I survey the field. BOY.LO has marched gloriously to R2 without so much as a pullback for us to mount — 'tis but a scratch to the ego, that one, having run its entire quest without us aboard. DBG.PA, meanwhile, has done the pullback we asked for but then kept falling — RSI collapsed from 85 to 44, MA trend flipped bearish, and -DI now exceeds +DI. He's not resting, he's pining for the fjords! BAER.CH attempted a bounce but the walk quality remains rather silly — below VWAP, bearish candles, -DI leading. Among the new candidates, several show magnificent plumage at their highs but RSIs in the 80s and Stochastics pegged at 100 make them ripe for the Spanish Inquisition of mean-reversion. CICN.CH intrigues me though — a 4% gap-up day with massive range and it's sitting at HOD with ADX 44, but at 4.3% above VWAP it would be madness to chase. I shall watch RCH.LO instead: gap-down fade beauty with ADX 51, strong trend, belt-hold candle, and if it pulls back toward the 66-67 zone near R2/VWAP confluence, we might ride nobly. Always look on the bright side — at least nobody's expecting the Spanish Inquisition today!
Hour 14 Update
Hark, brave knights! The afternoon brings a veritable feast of oversold souls — half the new candidates have RSIs below 20, which is less "pining for the fjords" and more "actively decomposing." The Grail is glowing faintly at RACE.MI, which gapped up a magnificent 10.78% and is now sitting at session highs like a very smug Frenchman atop a castle wall, but at RSI 79.5 and Stoch 95.8 I'd sooner charge a killer rabbit than chase that. Meanwhile, BPT.LO has cooled beautifully toward our watch zone with momentum fading and a Marubozu bearish candle — not quite the pullback I wanted but the trend remains intact at ADX 42. RCH.LO, however, refuses to rest and keeps making new highs at 0.96 HOD position with RSI still above 73 — 'tis a brave steed but I shan't chase it into the teeth of overbought territory when the FTSE is down nearly half a percent.
Among the fallen, DB1.DE catches my eye — RSI 19.5, Stoch 18, sitting right on S1 pivot at €209.57 and approaching S2 at €207.53, with ADX 31.7 rising. This has the makings of a mean-reversion bounce if it stabilizes near S2 support. I shall watch it for signs of life. The rest — PUB.PA, CAP.PA, DTE.DE, AKZA.AS — are all falling knives with no bullish candle patterns and declining volume; they have ceased to be proper setups and are merely pining for the fjords.
Hour 15 Update
The Grail is glowing with a faint amber hue — not quite the full golden radiance of a proper setup, more the colour of a knight who's had one too many ales at the Castle Anthrax
Right then, brave knights — Hour 15 and the afternoon stretches before us like the Bridge of Death, demanding we answer three questions before crossing. Our active quest in AKE.PA rides on (the system tends that steed), and SHELL.AS was rejected — 'tis but a scratch, we press forward. Now then, DB1.DE has recovered somewhat from its deeply oversold dungeon but sits at €209.20 with RSI back to a thoroughly middling 47 and the trend still bearish (MA cross -1, -DI leading). The bounce I sought has partially occurred but without conviction — it's resting, pining for the fjords of its former glory near €212. The Doji candle whispers indecision and we're below VWAP. I shall discard this watch; the Spanish Inquisition bounce arrived but it was rather wafer-thin. As for the new candidates — GYC, RS1, SATS, and several London REITs are all screaming overbought with RSIs north of 77. SATS.OL in particular has gone positively berserk, up nearly 10% from its low with ADX at 59.7, but chasing that at 99th percentile of the day's range would be sillier than my morning walk to the trading desk. I shall watch RS1.LO for a potential pullback entry tomorrow, as its lovely plumage (ADX 40, bullish structure, OR breakout) suggests genuine trend rather than mere beautiful-but-dead-parrot momentum. The rest are spam, spam, spam, spam.
Hour 16 Update
Hark, brave knights! 'Tis Hour 16 and the Grail upon my desk has gone rather dim — which is its way of saying "the day grows long and the extended stocks grow longer still." Our watches RS1.LO and RACE.MI have both rallied handsomely but neither granted us the sacred pullback we sought — RS1 sits at 710.50p near R1 with momentum cooling nicely (RSI 56.5, Stoch 50 — that's actually becoming interesting), while Ferrari at €305.90 remains above VWAP but the Stoch at 73 suggests the prancing horse hasn't quite come back to the stable yet. Among the new candidates, nearly everything is screaming overbought like the Black Knight insisting he's fine with no limbs — ARGX at RSI 90.5, Abivax at 85.6, Zalando at 83.6, all joined the choir invisible of "things I shan't chase." However! The two beaten-down souls intrigue me: NCAB.ST sits at session lows with RSI 14.8 and Stoch literally zero, which is either a falling knife or a stock that's about to declare "I'm not dead yet!" — but with bearish MA cross, ADX 43 trending down, and FTSE-adjacent weakness, I shall leave that particular rabbit alone. Dassault Aviation (AM.PA) at RSI 11 and Stoch 2.2 on a CAC that's actually up 0.41% presents a fascinating divergence, but 'tis fighting a strong downtrend at session lows — none shall pass that falling knife without a reversal candle first. I'll keep RS1.LO on watch as it's actually cooling into buyable territory, discard RACE.MI as the day is too late for a proper pullback entry, and add Dassault to the watch for a potential bounce-buy tomorrow if it finds support near S1 pivot.