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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

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.

HARRYCAT - 26 Aug 2008 10:18 - 2370 of 21973

With this lot due out today, surprising that the DOW is only -3 at the moment:
2:00 PM GMT US Consumer Confidence (AUG)
2:00 PM GMT US Richmond Fed Manufacturing Index (AUG)
2:00 PM GMT US New Home Sales (JUL)
2:00 PM GMT US New Home Sales (MoM) (JUL)
2:00 PM GMT US House Price Index (MoM) (JUN)
2:00 PM GMT US House Price Index (QoQ) (2Q)
6:00 PM GMT US Federal Open Market Committee Meeting Minutes
9:00 PM GMT US ABC Consumer Confidence (AUG 24)

spitfire43 - 26 Aug 2008 12:00 - 2371 of 21973

The dow did have a big down day on Friday at -241, but with all of the data today it could be a lively afternoon.

HARRYCAT - 26 Aug 2008 13:46 - 2372 of 21973

-241 was monday's drop on the DOW, as they were open while Britain was on holiday.
Currently -10, so maybe they are not too pessimistic about the home sales figures. Tricky call, imo, but I suspect the shorters will have the advantage.

spitfire43 - 26 Aug 2008 14:09 - 2373 of 21973

my mistake I meant to write Monday.

cynic - 30 Aug 2008 08:52 - 2374 of 21973

Can't think why, but i am deeply suspicious of Mr Darling's prognostications that UK's recession is or will be worst for 60 years etc etc ...... certainly our own biz, which is usually one of the first to be hit in such times, is currently showing little or no effect ...... secondly, what are the odds that in about a year's time Mr Darling will be crowing that through Labour's skill, the worst of the recession has been avoided? ...... much shorter than EME coming home with the bacon is my guess!
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