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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

cynic - 20 Feb 2016 09:36 - 20191 of 21973

on short tack i presume ..... not at all sure what monday will bring ..... modest applause i'ld guess though it may not have longevity

Stan - 20 Feb 2016 13:12 - 20192 of 21973

Presumption correct, in and out has been working well for me since Dec.

cynic - 20 Feb 2016 13:29 - 20193 of 21973

your prediction for the direction on monday?
shan't hold you to it, i promise :-)

Stan - 20 Feb 2016 13:34 - 20194 of 21973

I don't do predictions these days (got it wrong to often in the past) so I now tend to like to know what has happened O/night from the far east. Only then does it give me some room for consideration.

Claret Dragon - 20 Feb 2016 13:54 - 20195 of 21973

Between now and June the EU carve up ıs not goıng to help FTSE ıf we get a few polls showıng Leave!!!!!!!!!!!!

cynic - 20 Feb 2016 14:05 - 20196 of 21973

what about monday morning? :-)

Claret Dragon - 20 Feb 2016 14:20 - 20197 of 21973

By the close I reckon we wıll be lower.

cynic - 20 Feb 2016 14:41 - 20198 of 21973

and to open or say within first 30 minutes?

Claret Dragon - 20 Feb 2016 14:51 - 20199 of 21973

Down after 30 mıns.

cynic - 20 Feb 2016 14:55 - 20200 of 21973

i'm getting to that conclusion myself not least because uncertainty continues and could even become more acute

Chris Carson - 20 Feb 2016 15:57 - 20201 of 21973

You can guess direction to your hearts content, ultimately to no avail, even if overnight the Asian Indices have a stormer Stan.. UKX will follow the Dow, the worlds largest Casino :O)

cynic - 20 Feb 2016 16:05 - 20202 of 21973

not necessarily .... in the last couple of weeks dow and ftse have become somewhat though not entirely diconnected

Chris Carson - 20 Feb 2016 16:12 - 20203 of 21973

Ok cynic, will that be the case on Monday 0800hrs? Possibly, till 1430hrs. You can only hope to trade it.

cynic - 20 Feb 2016 16:32 - 20204 of 21973

south and heavily would suit me, as by corollary, gold and associated shares will also be strong

Chris Carson - 20 Feb 2016 16:47 - 20205 of 21973

North would suit others. And there lies the problem :0)

cynic - 20 Feb 2016 17:12 - 20206 of 21973

giving odds on which way?
i'ld guess south has the edge

if the markets even sniff that the referendum will go to "out", they will collapse
as it is, they are unlikely to be enamoured by the media reception to the brussels agreement

Chris Carson - 21 Feb 2016 11:34 - 20207 of 21973

The only certainty (or if you prefer odds on the markets going up or down) is that markets don't react positively to uncertainty and become erratic. No arguments there we are witnessing it.

There are a lot of companies reporting in the week ahead. In a Bull Market never easy, but generally if a stock produces good results and the dividend increases SP will rise until it becomes overbought and then will retrace to a support line whatever, rinse and repeat. And you can trade it up or down using the charts if you are so inclined. Or buy and hold. Horses for courses.

In this Market even if the criteria above is met, companies that produce good results get dragged down initially in line with the status quo of the Indices. Standard Life last week is a case in point, good results (imo.)

Fortunately I don't trade for a living (yet) so not dependant on the outcome either way. Trading Indices in this climate is based on fear and greed, news driven, bot driven etc. Good game, but ultimately gambling and at times of extreme volatility you dare not leave the screen. Fundamentally irrelevant, technically not impossible but erratic to say the least. Drives you mad :0) And come Monday morning 8am eyes down look in, toss a coin and hope you have got the direction right for more than ten minutes if your lucky! :0) Love it :0)

cynic - 21 Feb 2016 16:29 - 20208 of 21973

BORIS will campaign for "out" .... this will certainly set the cat among the pigeons, and the markets won't like it at all

Stan - 21 Feb 2016 16:41 - 20209 of 21973

Do you mean the FT100 or markets in general?

cynic - 21 Feb 2016 17:19 - 20210 of 21973

markets in general, though FTSE 100 and 250 in particular
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