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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

skinny - 13 Mar 2014 13:52 - 14712 of 21973

Shortie - I guess she stopped posting 3 or 4 years ago?


WatchingGrassGrowAsSeenOnTVnewsPhoto4.jp

Shortie - 13 Mar 2014 13:57 - 14713 of 21973

Wouldn't mind watching her grass grow!!

Shortie - 13 Mar 2014 13:59 - 14714 of 21973

BEIJING--China's economy weakened sharply during the first two months of the year, deepening concerns that growth in the world's second-largest economy would decelerate further. The country's top leaders now have tough decisions about whether to set aside economic overhaul measures that could pinch growth in the short-term. The slowdown was across the board, including retail, manufacturing, housing and investment, as the National Bureau of Statistics released a raft of data on Thursday for January and February, which was combined to adjust for distortions from the Chinese Lunar New Year holiday. Some of the results were the weakest since the global financial crisis of 2009. "This is terrible," said Liu Li-Gang, a Hong Kong-based economist at ANZ Bank. "I wasn't expecting high figures, but this is worse than I thought." The results were announced shortly before Chinese Premier Li Keqiang gave mixed signals in a news conference about how wedded he was to meeting the country's growth target of about 7.5%. In an answer to one question, he detailed how hard the government pushed to meet the same target in 2013, as a way to head off unemployment. China's GDP grew by 7.7% last year. In an answer to another question, however, Mr. Li said "we are not preoccupied with GDP growth," and said he would be satisfied with a "reasonable range" of growth so long as it produced sufficient employment. Mr. Li didn't name a minimum level of GDP growth that he would find acceptable. Still, if GDP growth slows significantly, China analysts said, Mr. Li would come under increasing pressure to shelve reform plans that could initially hurt growth, even though they would bolster China's economy in the long run. Such measures could include requiring large state-owned enterprises to pay more in dividends to the central government, liberalizing interest rates and remaking local government finances so they depend more on taxation than on land sales. Mr. Li has a difficult choice, said Société Générale China economist Wei Yao. "He can't say, 'Give up on growth,' and he can't say, 'Growth at any cost.'" Among the data reported on Thursday for January and February, industrial output rose 8.6% year-over-year, the weakest showing since 2009. Growth in fixed-asset investment eased to 17.9% year-over-year, the weakest pace since 2002. Retail sales rose 11.8% year-over-year, the slowest since Feb. 2011. In the real estate sector, which is among the largest drivers of growth in the Chinese economy, Residential and commercial property sales fell 3.7% to 709.0 billion yuan ($115 billion) in the first two months of this year. Total property sales by floor area declined by 0.1% to 104.7 million square meters. Construction starts by area fell 27.4% to 166.9 billion square meters. Until Thursday's data dump, there had been little hard evidence about the direction of the Chinese economy. Purchasing manager surveys indicated slowing economic activity, as did trade data. But economists have questioned the reliability of trade data, arguing that exporters and importers have been using inflated invoices as a way to move money into or out of the country. Markets were already expecting the worst. The Shanghai Composite rallied slightly on Thursday, but remains down 4% over the past month. The Australian dollar, which is highly sensitive to Chinese demand, also regained some of the ground it lost earlier in the week. After the data release, Bank of America sharply cut its forecast for first-quarter growth to 7.3% from 8.0%, while other analysts said they were reassessing their forecasts. Andrew Batson, an analyst at Beijing research house Gavekal Dragonomics said that the first two months of the year often have weak readings, but, even so, "growth is decelerating; the trend is definitely downward." Li Guanqun, a 30-year freelance translator in Beijing, said the weak economy has cut demand for her services and convinced her to scrap a European vacation and visit the industrial Chinese city of Wuhan instead. "I think I need to find a part-time job to increase my income," she said. Meanwhile, China's largest alumina maker also said that the economy was deteriorating. "The situation is getting tougher and tougher," said an official at Aluminum Corp. of China, who asked not to be named. The official said alumina prices have fallen below its costs. If the pace of growth doesn't pick up over the coming months, economists said, China's leaders would feel pressure to stimulate the economy, most likely by cutting for the first time since May 2012 the reserves that banks are required to park in the central bank. That would free up more money for banks to lend. But it's unclear such a move would help much if demand remains relatively weak. Chinese Premier Li didn't say what he would do in case of a slowdown. "This year, challenges are still severe," he said. "We need to stabilize growth, ensure employment, prevent inflation, control risks and at the same time tackle inflation. We need to strike a proper balance and this we could say is highly difficult."

Shortie - 13 Mar 2014 14:50 - 14715 of 21973

Long closed at loss and reversed 6588.5

skinny - 13 Mar 2014 14:57 - 14716 of 21973

Chart.aspx?Provider=EODIntra&Code=UKX&Si

Shortie - 13 Mar 2014 14:58 - 14717 of 21973

Position closed +5

skinny - 13 Mar 2014 15:02 - 14718 of 21973

Looking above, not much regard for the 200ma - perhaps a 5th consecutive down day?

Shortie - 13 Mar 2014 15:20 - 14719 of 21973

Looks that way, unless there's a rally before the bell..

skinny - 13 Mar 2014 15:21 - 14720 of 21973

Rather foolishly I'm still long!

hilary - 13 Mar 2014 15:28 - 14721 of 21973

Don't like to say I told you so, but ...

:o)

skinny - 13 Mar 2014 15:32 - 14722 of 21973

Hmmmm.

goldfinger - 13 Mar 2014 15:33 - 14723 of 21973

Go and suck on Cynics bum hilary.

Plateman - 13 Mar 2014 16:01 - 14724 of 21973

A perfect illustration of your earlier posts!

Chris Carson - 13 Mar 2014 16:15 - 14725 of 21973

Getting worried about you Yorkshire Txat you seem to have a bum fetish?

Shortie - 13 Mar 2014 16:25 - 14726 of 21973

Hard luck Skinny... Rally before the bell I wonder..

skinny - 13 Mar 2014 16:44 - 14727 of 21973

Cheers Shortie, I reversed -50 and have closed the short +20.

Shortie - 13 Mar 2014 16:55 - 14728 of 21973

I'm down on today also... Oh well we live to battle another day..

skinny - 13 Mar 2014 16:56 - 14729 of 21973

Yep - and the sun is out!

Shortie - 13 Mar 2014 16:59 - 14730 of 21973

6540 gone long

Shortie - 13 Mar 2014 17:09 - 14731 of 21973

position closed -15, thats what happens when you piss against the wind...
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