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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 - 08 Jul 2011 13:31 - 6021 of 21973

employment figures must be pretty dire as from +40, dow now shows -80

skinny - 08 Jul 2011 13:34 - 6022 of 21973

Yep previous 54 concensus 90 actual 18 !

HARRYCAT - 08 Jul 2011 13:43 - 6023 of 21973

DOW now showing +34 on Bloomberg & CNN!!! Where are you looking Cynic?
http://money.cnn.com/data/premarket/index.html

EDIT : CNN slow to update!!! :o(

KEAYDIAN - 08 Jul 2011 13:43 - 6024 of 21973

Can someone give me the Dow price please?

dealerdear - 08 Jul 2011 13:45 - 6025 of 21973

Dow futures about -0.85% at present

Toya - 08 Jul 2011 13:45 - 6026 of 21973

"Nonfarm payroll employment was essentially unchanged in June (+18,000), and the
unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor
Statistics reported today. Employment in most major private-sector industries
changed little over the month. Government employment continued to trend down."

dealerdear - 08 Jul 2011 13:46 - 6027 of 21973

= over 100 pts down

Chris Carson - 08 Jul 2011 14:13 - 6028 of 21973

Hardly a shock, what is strange at mo is the US Dollar Index going down with Indeces?

Toya - 08 Jul 2011 14:45 - 6029 of 21973

Not sure the wider markets don't see it as a shock:

"US employers hired the fewest workers in nearly two years last month, pushing up the jobless rate and rattling financial markets.

Crushing hopes of a turnaround in the jobs market, companies became increasingly cautious about hiring new staff amid the continuing economic uncertainty and added just 18,000 jobs in June, the US labour department said, well below the consensus forecast of 90,000 to 120,000, and the weakest reading since September 2010.

The shock figures pushed the US unemployment rate up from 9.1% to 9.2% the highest level since December 2010, when it stood at 9.4%.

The FTSE 100, which was up about 27 points before the release of the June payroll figures, dropped more than 55 points to 5998.81 as investors fretted about the global impact of a slowdown in the world's biggest economy."

Chris Carson - 08 Jul 2011 15:12 - 6030 of 21973

Toya - When I say hardly a shock, I was referring to the knee jerk reaction of the market on hearing how poor the Jobs numbers were. The consensus was for a good jobs report.

Toya - 08 Jul 2011 15:40 - 6031 of 21973

I must be reading the above quotation rather differently from you then Chris, as I rather thought it explained the sudden drop of the DOW.

Chris Carson - 08 Jul 2011 16:01 - 6032 of 21973

Gees Toya haven't got a clue what you are on about. Let me try again, leading up to the US Jobs report today the consenses of opinion as I interpreted it was if the Jobs report was positive the Markets would react positively. If the jobs report was negative Markets would Tank.

Isaacs - 08 Jul 2011 16:12 - 6033 of 21973

Shall I translate? Toya is saying the poor figures were a shock (ie a long way under market consensus) but Chris is saying the fact that the market fell on poor figures (shocking as they were) is not a shock. At least I think that is what you are saying. If not one of you is barmy :)

KEAYDIAN - 08 Jul 2011 16:21 - 6034 of 21973

lol

cynic - 08 Jul 2011 16:29 - 6035 of 21973

Toya - go and put some knickers on; rain has obviously made your brain rusty!

jkd - 08 Jul 2011 16:33 - 6036 of 21973

Double lol
I clearly has an IQ of 100+ thats not to say you and T dont C;-)
shall have to watch out for I's posts in future.
regards
jkd
ps and addendum yep K you clearly do also;-) oh alright you too c and yep whilst im at it good luck to you too Bb ;-)
regards
jkd

Chris Carson - 08 Jul 2011 16:38 - 6037 of 21973

Thankyou Isaacs :O) Spot on.

Toya - 08 Jul 2011 17:43 - 6038 of 21973

Ah right - glad we're all agreed lol! Anyway, DOW continues to dive so wish I'd had my shorts on it today, never mind the knickers...

Balerboy - 08 Jul 2011 21:54 - 6039 of 21973

CCCCOOOOOORRRRR!!!

cynic - 09 Jul 2011 10:17 - 6040 of 21973

good late turnaround on dow so finished only -62 ..... should keep london calm for monday
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