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FTSE + FTSE 250 - consider trading (FTSE)     

cynic - 20 Oct 2007 12:12

rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

Shortie - 21 Jan 2014 14:44 - 14012 of 21973


IMF Hikes UK 2014 Growth Outlook to 2.4% from Previous 1.8% Forecast
IMF: As US Fed Exits Easy Money Policies, Expect 'Complex' Global Capital Flows
IMF Hikes US 2014 Growth Forecast to 2.8% From Previous 2.6% Outlook
IMF Ups 2014 Japan Growth Outlook to 1.7% from Previous 1.3% Forecast
IMF: Euro Zone Easy Money Policy Vital to Avoid Deflation Risk in Weaker Economies
IMF: China Must Contain Building Financial Risks Without Excessively Slowing Growth

Shortie - 21 Jan 2014 14:45 - 14013 of 21973

IMF Raises 2014 Global Growth Forecast to 3.7% From Previous 3.6% Outlook

skinny - 21 Jan 2014 14:46 - 14014 of 21973

IMF raises UK economic growth forecast

Shortie - 21 Jan 2014 14:46 - 14015 of 21973

IMF as forecast, no surprises

Shortie - 21 Jan 2014 15:41 - 14016 of 21973

Missed the DOW..!!

skinny - 21 Jan 2014 15:46 - 14017 of 21973

Small long DOW @16,413.9!!

Shortie - 21 Jan 2014 15:50 - 14018 of 21973

Brave call, best of luck with that one..

skinny - 21 Jan 2014 15:52 - 14019 of 21973

Yes - not looking too clever!

Shortie - 21 Jan 2014 16:01 - 14020 of 21973

Got my fingers crossed for you. I've been struggeling to find support numbers to go long off at these hights. Carrying a few FTSE shorts also, so not that comfortable adding to indicies risk at the moment. This year the market just seams to want to go higher.

Shortie - 21 Jan 2014 16:16 - 14021 of 21973

Looks like the DOW might be about to test that range I was talking about earlier. Its outside the current lower trendline.. (see last charts I posted today)

Shortie - 21 Jan 2014 16:37 - 14022 of 21973

16343 now I'm debating a long (looking at 15min charts)...

skinny - 21 Jan 2014 16:41 - 14023 of 21973

Looks a bit like the 5 minute when I went long :-)

skinny - 21 Jan 2014 16:44 - 14024 of 21973

I mentioned organovo the other day.

Shortie - 21 Jan 2014 16:46 - 14025 of 21973

Easily done Skinny, trading discipline going right out the window. Wish I'd shorted 16550 now like I originally planned but managed to get distracted by currency movements.. USD/CAD and a few others GBP/JPY movements also very interesting..

Shortie - 21 Jan 2014 16:51 - 14026 of 21973

I'm on the fence with 3D printing currently, appreciate its had super growth but is it going to be sustainable. Maybe it'll grow so every high street has one (extension to current photo printing outlets maybe). Not something I'd short againt price to profits action right now and not something I'd go long on as I think I've clearly missed the boat.

skinny - 21 Jan 2014 16:53 - 14027 of 21973

A case in point - DDD - currently down 4.2% on a downgrade and ONVO down 9.2% - makes the DOW look tame at times.

Shortie - 21 Jan 2014 16:57 - 14028 of 21973

Dow long now not looking clever at all, glad I'm on the fence, think I'll wait until tomorrow and see if its going to test support (long overdue)...

Shortie - 21 Jan 2014 17:08 - 14029 of 21973

You know as well I do, nothing can trade in vast multiples over its earnings indefinitely... SEO (Stanelco springs to mind), the last large burning of investors proves if nothing else that especially with new tech, sales and predicted margins have to be hit otherwise its game over... With 3D printing the potential is there, it seams to make sense but I just don't see the bigger market getting in. We have mass-manufacturing competing strongly and emerging markets keeping manufacturing prices super low... Thats a contender to this tech and I think a force to be reckoned with. I'm sure you know alot more about the tech than I do, maybe I'm missing something here...

Shortie - 22 Jan 2014 09:53 - 14030 of 21973

Skinny, you still holding that DOW position, I logged in last night and saw you were back to breakeven / profit..

skinny - 22 Jan 2014 10:02 - 14031 of 21973

I closed it for -10 in the end - it was in profit last night, but I held it until this morning!!
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