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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 - 25 May 2011 22:02 - 5880 of 21973

we work internationally so have a much broader picture

Balerboy - 25 May 2011 22:56 - 5881 of 21973

Boast boast.,.

jonuk76 - 26 May 2011 00:52 - 5882 of 21973

I would say something worth keeping an eye on is PMI (purchasing managers index) figures, which are mostly now showing some signs of slowing growth. http://www.minyanville.com/businessmarkets/articles/Eurozone-PMI-germany-economy-euro-eurozone/5/24/2011/id/34739

cynic - 26 May 2011 11:17 - 5883 of 21973

now look at south and central america ..... an extract from a much longer article .....

IMF world economic outlook (april 2011)
growth in the region is projected to average 4.75% in 2011 and 4.25% in 2012 ..... which 0.66% higher than forecast in october 2010 .... greater confidence in the strength of global recovery and improved prospects for commodity prices

halifax - 26 May 2011 11:21 - 5884 of 21973

cynic percentages are always pretty meaningless.

cynic - 26 May 2011 11:25 - 5885 of 21973

i fully concur, but i was merely supporting my earlier observation about general economic growth as flagged by increased activity in the chemical markets

HARRYCAT - 31 May 2011 11:42 - 5886 of 21973

U.S. non-farm payrolls this friday. Not seen any predictions yet, but market may be a bit twitchy in the run up.

cynic - 01 Jun 2011 21:10 - 5887 of 21973

unquestionably a bloodbath ahead for the morning - hazard a guess at opening down 70/80 ..... i wonder if even RKH will escape; would be nice to think it will

HARRYCAT - 03 Jun 2011 11:29 - 5888 of 21973

DOW futures currently -42, so no help from there as to what is expected this afternoon.

cynic - 03 Jun 2011 11:52 - 5889 of 21973

clenched sphincters!

HARRYCAT - 03 Jun 2011 11:55 - 5890 of 21973

A buying opportunity then later in the day?

cynic - 03 Jun 2011 13:47 - 5891 of 21973

haven't seen the numbers but clearly us jobs data is serious shit as market indicating -130 which is well below supposed support level

2517GEORGE - 03 Jun 2011 13:49 - 5892 of 21973

up 54K-- unemployment 9.1%
2517

jonuk76 - 03 Jun 2011 13:57 - 5893 of 21973

54,000 jobs created, but the analysts consensus was for 190,000. Unemployment rate up to 9.1% due to increased labour force (i.e. people returning to the job market).

cynic - 03 Jun 2011 13:57 - 5894 of 21973

what was expectation?

HARRYCAT - 03 Jun 2011 13:57 - 5895 of 21973

(Reuters) - U.S. employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan's earthquake bogged down the economy.

Nonfarm payrolls increased 54,000 last month, the Labour Department said on Friday, with private employment rising 83,000, the least amount since June. Government payrolls dropped 29,000.

Economists polled by Reuters had expected payrolls to rise 150,000 and private hiring to increase 175,000 in May. The government revised employment figures for March and April to show 39,000 fewer jobs created than previously estimated.

The job creation slowdown confirmed the economic weakness already flagged by other data from consumer spending to manufacturing. It could stoke fears about the depth and duration of a slowdown that started early in the year.

The Labour Department said severe weather last month, including tornadoes and flooding, in the Midwest and the South did not materially affect data collection.

It also said that while some workers in those regions may have been temporarily displaced from their jobs, it found "no clear impact of the disasters on the national employment and unemployment data for May."

cynic - 03 Jun 2011 16:01 - 5896 of 21973

i remain amazed that Dow has not (yet) collapsed, and even more that the value of my own portfolio has scarcely moved at all

HARRYCAT - 03 Jun 2011 16:05 - 5897 of 21973

So am I. Perhaps all the U.K. traders are at The Oaks, so no one left to watch the screens!
DOW slowly drifting off though, so maybe the fallout will hit the FTSE on monday?

Chris Carson - 03 Jun 2011 16:05 - 5898 of 21973

I agree cynic, playing a lot of golf lately so not really trading much but like you portfolio not really (yet) been hit as much as expected. Guess the answer is keep playing golf eh?

cynic - 03 Jun 2011 16:10 - 5899 of 21973

where do you play?
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