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
2517GEORGE
- 25 Sep 2014 15:08
- 16333 of 21973
Could this be the early stages of a significant drop in the indices many have predicted/waited for? Whilst the UK is not overly expensive, Wall Street almost certainly is, and any fall there won't help the FTSE.
2517
cynic
- 25 Sep 2014 15:33
- 16334 of 21973
hard to know, but lots of strange shenanigans on dow for no obvious reason
Seymour Clearly
- 25 Sep 2014 15:46
- 16335 of 21973
Prospective Russian laws to take over foreign property.
Seymour Clearly
- 25 Sep 2014 15:48
- 16336 of 21973
Reports Russian parliament drafting law to allow government to seize foreign assets in Russia in response to foreign sanctions.
cynic
- 25 Sep 2014 15:57
- 16337 of 21973
ah; that would explain lots
goldfinger
- 25 Sep 2014 16:13
- 16338 of 21973
No its a broker note out................
Im hoping they are wrong.
US STOCKS Cantor turns bearish on U.S. equities
25 Sep 2014 - 15:27
Indexes off: Dow 0.8 pct, S&P 0.9 pct, Nasdaq 1.3 pct
By Ryan Vlastelica
NEW YORK, Sept 25 (Reuters) – U.S. stocks were sharply lower on Thursday, with the S&P 500 falling back under its 14-day moving average, and Cantor Fitzgerald expects that weakness to continue, saying it has turned bearish on U.S. stocks.
The firm noted a number of "divergences" that it said pointed to market losses ahead, including a decline in market breadth and recent underperformance in small-caps; the Russell 2000 is down 8.1 percent from a recent record, while the S&P is down less than 2 percent.
"Divergences are like stress fractures ... at some point the divergence reverts," the firm wrote to clients. "As we see it," Cantor's analysis "has resulted in the conclusion that U.S. indices are due for at least a 5 to 7 percent correction to start, but we believe that is likely followed by a more significant series of corrections into 2015." Cantor also noted low levels in the CBOE Volatility index . At 15, the "fear index" is up significantly from a recent low of 10.28, though it remains well below its long-term average of 20.
"Volatility in its various forms can stay low for prolonged periods for good reason. Those reasons are simply no longer compelling," the firm wrote.
Index snapshot at 10:19 EDT:
S&P 500 was falling 18.72 points, or 0.94 percent.
Nasdaq Comp was losing 59.10 points, or 1.3 percent.
Dow industrials was dropping 133.48 points, or 0.78 percent.
Russell 2000 was falling 14.1 points, or 1.25 percent.
S&P MidCap was dropping 14.7 points, or 1.05 percent.
S&P SmallCap was losing 7.83 points, or 1.21 percent.
(Editing by Nick Zieminski) ((ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; Reuters Messaging: ryan.vlastelica@thomsonreuters.com@reuters.net @RV_Reuters)
Shortie
- 25 Sep 2014 16:49
- 16339 of 21973
One to watch.
Shortie
- 25 Sep 2014 16:52
- 16340 of 21973
NEW YORK, Sept 25 (Reuters) - The dollar hit a four-year high as the yield difference between U.S. Treasuries and German Bunds widened to the highest in nearly 15 years on Thursday, while global equity markets fell sharply as the stronger dollar pointed to potential earnings losses. Weak European economic data on Wednesday also helped push the euro lower, while the strong dollar knocked down oil, gold and other commodity prices on Thursday. The dollar index .DXY , which measures the greenback against a basket of major currencies, rose to a four-year high of 85.485 before paring some gains, up 0.21 percent at 85.217. The euro fell as low as $1.26955 EUR= on trading platform EBS, its lowest since November 2012, as the yield gap is a key driver of exchange rates. Selling in the euro, which was last off 0.31 percent against the dollar at $1.2740, quickened after the shared currency sank below the $1.2750 level, according to Boris Schlossberg, managing director at BK Asset Management in New York. "The sentiment toward the unit remains extremely negative as markets are beginning to appreciate the divergence between U.S. and European monetary policies," he told clients in a note. The spread between benchmark U.S. and German 10-year debt was 156 basis points, within touching distance of recent 15-year highs of 158 basis points. Ten-year German Bund yields DE10YT=TWEB fell to 0.973 percent, while 10-year U.S. Treasury yields US10YT=RR slipped to 2.5203 as the price rose 13/32. A strong dollar can hurt earnings from abroad for U.S. multinationals, as well as industrials and companies in basic materials, said Keith Bliss, senior vice-president at Cuttone & Co in New York. "A stronger dollar, if it moves too rapidly, is typically a pattern that is bad for U.S. equities," Bliss said. "The commodity guys are going to be a little weaker in this market; it is clearly going to have an impact on their core product, on what they sell, since they are all denominated in dollars." Stocks on Wall Street fell more than 1 percent, and pushed MSCI's all-country index .MIWD00000PUS down 1.07 percent to 419.18. The FTSEurofirst 300 .FTEU3 index of top European shares retreated, falling 1.06 percent at 1,371.05. The Dow Jones industrial average .DJI was down 195.48 points, or 1.14 percent, at 17,014.58. The Standard & Poor's 500 Index .SPX was down 23.65 points, or 1.18 percent, at 1,974.65. The Nasdaq Composite Index .IXIC was down 74.21 points, or 1.63 percent, at 4,481.01. Brent crude fell further under $97 a barrel as abundant supply and the strong dollar largely outweighed worries about Mideast conflict. Brent LCOc1 fell 46 cents to $96.49 a barrel before recovering to trade at $96.85. U.S. crude CLc1 was up 32 cents at $93.10 a barrel. Three-month copper on the London Metal Exchange CMCU3 retreated 0.67 percent to $6,697 a tonne, and the 19-commodity Thomson Reuters/Core Commodity CRB Index .TRJCRB fell 0.9 percent.
goldfinger
- 25 Sep 2014 16:53
- 16341 of 21973
Would be nice if you posted them on the chart thread aswel shortie its going dead on there.
cynic
- 25 Sep 2014 16:55
- 16342 of 21973
i think a lot of us are quite rightly very chary of the markets
goldfinger
- 25 Sep 2014 16:57
- 16343 of 21973
Whats chary mean?
cynic
- 25 Sep 2014 17:06
- 16344 of 21973
hesitant; reluctant
Shortie
- 25 Sep 2014 17:22
- 16345 of 21973
What chart thread?
Chris Carson
- 25 Sep 2014 17:23
- 16346 of 21973
LOL!!!
Shortie
- 25 Sep 2014 17:27
- 16347 of 21973
I'm not reluctant to trade, more reluctant to post what I'm trading due to the responses you get for shorting someone else's prized stock...
Chris Carson
- 25 Sep 2014 17:30
- 16348 of 21973
Not as bad here as over the road though Shortie.
jimmy b
- 25 Sep 2014 17:34
- 16349 of 21973
Shortie ,post away if your shorting what i've bought it gives food for thought ,no problem on here ,as Chris said it's over the road that you'll get abuse , it's like you have killed their Mother !!!
Shortie
- 25 Sep 2014 17:38
- 16350 of 21973
I've not read anything there in years and have never posted...
Shortie
- 25 Sep 2014 17:39
- 16351 of 21973
Not seen Skinny about here in some time either.
jimmy b
- 25 Sep 2014 17:40
- 16352 of 21973
I have read not posted ,it's like the Jeremy Kyle show.