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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 - 06 Aug 2008 13:17 - 2350 of 21973

far too scary for me ..... sounds like trading Binaries

cynic - 06 Aug 2008 17:33 - 2351 of 21973

time to watch the Dow carefully .... despite the nasty news from Freddie, the Dow has now inched into positive territory ...... however, there is likely to be (quite stern?) resistance around 11650 ..... i would expect this level to be challenged at least once this evening but would be moderately surprised to see it broken with any impetus, even though sentiment looks to have taken a definite turn for the better

cynic - 06 Aug 2008 19:14 - 2352 of 21973

i look to have called the first part of the forecast correctly, Dow having been up to about 11640 3 times ....... now time to watch and wait

HARRYCAT - 06 Aug 2008 20:42 - 2353 of 21973

Wait for what? DOW currently +40.

cynic - 06 Aug 2008 21:05 - 2354 of 21973

wait to see whether it holds above 11640/11650 ..... and it just about has ...... tomorrow could be interesting as opposing forces struggle against each other, but overall an encouraging end to the day

HARRYCAT - 06 Aug 2008 21:51 - 2355 of 21973

Not much on the economic front tomorrow. Interim results from Barclays about the only major influence on the FTSE, so could be a reasonable day, as you say.

dealerdear - 07 Aug 2008 08:39 - 2356 of 21973

B of E rate decision is pretty big I'd thought.

Certainly will be if they raise rates .. market will hate.

HARRYCAT - 07 Aug 2008 08:44 - 2357 of 21973

Ah yes. Missed that one! However, no change expected, much like the FED's decision.

HARRYCAT - 07 Aug 2008 13:32 - 2358 of 21973

As predicted, no U.K. interest rate change.
DOW looking bleak however. Currently -70.

dealerdear - 07 Aug 2008 13:44 - 2359 of 21973

US jobless claims poor.

rose 7000 to 6 yr high

Falcothou - 07 Aug 2008 13:51 - 2360 of 21973

Oil seems to have swallowed some viagra, wonder how quickly it will fade

HARRYCAT - 07 Aug 2008 13:58 - 2361 of 21973

Lets hope it's longer than the life of a little blue pill, otherwise my holdings in IEC, GOO, DNX & BLT are gonna take a pounding. (Metaphorically speaking of course, 'cos when the blue pill runs out then........................I'll get my coat).

Falcothou - 07 Aug 2008 16:25 - 2362 of 21973

Interesting that oil shares pre-empted crude's recent fall, will their recent rise pre-empt it's rise?
The dollar is doing a superman impression this week, wonder when it's going to fall flat on it's face?

spitfire43 - 07 Aug 2008 22:21 - 2363 of 21973

At londons close dow was 1% down, and then finished 2% down, so I can't see ftse holding out with this sort of movement.

Important results from RBS tomorrow, with 6.0bn w/o forecast, and I have seen a loss of between 1.0bn to 1.7bn predicted.

Interesting day ahead.

Good luck..................

Falcothou - 08 Aug 2008 15:18 - 2364 of 21973

Looks like the viagra has worn off big time ! despite a war in Georgia

cynic - 08 Aug 2008 16:04 - 2365 of 21973

strong performance by Dow but still really struggling to break through 11640/11650 ..... mind you, if it does, then could be like a cork from a bottle

Falcothou - 08 Aug 2008 16:22 - 2366 of 21973

Gold at key support 850 and presumably 150 eurodollar ditto. Difficult to work out if it is oil or dollar driven

cynic - 08 Aug 2008 16:47 - 2367 of 21973

gold is $ driven ..... strong $ = weak gold in simplistic terms

spitfire43 - 08 Aug 2008 20:06 - 2368 of 21973

25 point loss on ftse today, I called it correct and went long this morning, but timing off because s/l out. It feels like we could have some short term gains with markets wanting to advance. So I'm a short term bull for a change.

HARRYCAT - 22 Aug 2008 13:56 - 2369 of 21973

DOW showing +70 start, so might be a reasonable afternoon.
Thought there might have been a friday afternoon/bank holiday selloff on the FTSE.
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