Ftse
FTSE
I said, 'Wednesday up a bit; Thursday up lots.'
So, did we lose?
Again I rose early and watched the market fall. I laid a long bet when I thought the market would rise. I'm still waiting, left it running for tomorrow. I'll make an early decision tomorrow morning whether to close.
After six hours of home work, several phone calls, a couple of lengthy meetings and I still get it wrong! Can I learn by this, No! I'll put it down to one of those unfortunate events that no one could really forecast and rumble on.
I've yet to do my home work for Friday, but having seen today's reverse performance when all indicators stated otherwise I have little hope of a solid upturn.
As always, lets wait until the FTSE wakes up in the morning to see what hat she wears.
Yours
UK
FTSE
I said, 'Wednesday up a bit; Thursday up lots.'
So, did we lose?
Again I rose early and watched the market fall. I laid a long bet when I thought the market would rise. I'm still waiting, left it running for tomorrow. I'll make an early decision tomorrow morning whether to close.
After six hours of home work, several phone calls, a couple of lengthy meetings and I still get it wrong! Can I learn by this, No! I'll put it down to one of those unfortunate events that no one could really forecast and rumble on.
I've yet to do my home work for Friday, but having seen today's reverse performance when all indicators stated otherwise I have little hope of a solid upturn.
As always, lets wait until the FTSE wakes up in the morning to see what hat she wears.
Yours
UK
Big Div day! No missed that.
Wednesday, the FTSE did go up a touch, but not as much as I'd predicted or hoped.
Thursday, the FTSE went down and I got my butt kicked.
If I make a bold prediction in the Forum, even if I end up wrong, I believe I should return and inform the viewers of the result. Perhaps some readers may learn by my poor judgement/call. And if that's my only success of the day, then so be it.
Good luck to all. I will continue to predict the FTSE.
Friday FTSE, still doing my homework - but initial studies state a small to medium rise with rain showers and light winds covering most of the DOW Jones.
UK.
Wednesday, the FTSE did go up a touch, but not as much as I'd predicted or hoped.
Thursday, the FTSE went down and I got my butt kicked.
If I make a bold prediction in the Forum, even if I end up wrong, I believe I should return and inform the viewers of the result. Perhaps some readers may learn by my poor judgement/call. And if that's my only success of the day, then so be it.
Good luck to all. I will continue to predict the FTSE.
Friday FTSE, still doing my homework - but initial studies state a small to medium rise with rain showers and light winds covering most of the DOW Jones.
UK.
I stand by my convictions.
Today [Friday] the FTSE rose and then fell, I guess she had too many G & T’s.
This week has been hard. All evidence supported a major rise, but this was not the case! So what can be learned by this? Are we on a downward slide? Or just a minor hic up! I’m concerned.
This week a number of leading FSTE companies reported bumper results, but they all failed to lift the market. Even a rates cut failed to put a spring in the FTSE step.
So what about the coming week? Well, a number of analysts say that Monday 8th August should see a major FTSE rise [ +40pts], I’m sceptical.
Over the weekend I’ll do my home work and report.
See you all Monday.
Yours
UK
Today [Friday] the FTSE rose and then fell, I guess she had too many G & T’s.
This week has been hard. All evidence supported a major rise, but this was not the case! So what can be learned by this? Are we on a downward slide? Or just a minor hic up! I’m concerned.
This week a number of leading FSTE companies reported bumper results, but they all failed to lift the market. Even a rates cut failed to put a spring in the FTSE step.
So what about the coming week? Well, a number of analysts say that Monday 8th August should see a major FTSE rise [ +40pts], I’m sceptical.
Over the weekend I’ll do my home work and report.
See you all Monday.
Yours
UK
Ftse
Hi Ukhero, yeah i follow the FTSE closely after all my portfolio is tightly linked to it, so its in my interest :cheesy: . However in my opinion the reason the interest rate cut didn't affect the FTSE's position was because it was expected and this means that the market has already factored that into the price, also the FTSE is at a near 4 year high and there are quite a few bears in the woods! Now for example if next time around when they meet to discuss interest rates and they decide to drop another .25 this would be unexpected and cause serious movement. i find its always the unexpected news that moves the markets when trading from a fundamental point of view.
A good example which has just occurred would be that of easyjet (EZJ.L) the TA said BUY BUY BUY, even though it was making new highs, then the news of an unexpected departure of a director sends the stock down 12pts
grim as i was long at that point! now the flip side to this is if the director had announced his stepping down months ago this most likely wouldn't have caused much price movement, but as it was unexpected it caused adverse movements which messed up the TA. However the price has now been corrected and the previous trend is starting to resume
anyways thats my 2 cents
Pietro
Hi Ukhero, yeah i follow the FTSE closely after all my portfolio is tightly linked to it, so its in my interest :cheesy: . However in my opinion the reason the interest rate cut didn't affect the FTSE's position was because it was expected and this means that the market has already factored that into the price, also the FTSE is at a near 4 year high and there are quite a few bears in the woods! Now for example if next time around when they meet to discuss interest rates and they decide to drop another .25 this would be unexpected and cause serious movement. i find its always the unexpected news that moves the markets when trading from a fundamental point of view.
A good example which has just occurred would be that of easyjet (EZJ.L) the TA said BUY BUY BUY, even though it was making new highs, then the news of an unexpected departure of a director sends the stock down 12pts
grim as i was long at that point! now the flip side to this is if the director had announced his stepping down months ago this most likely wouldn't have caused much price movement, but as it was unexpected it caused adverse movements which messed up the TA. However the price has now been corrected and the previous trend is starting to resume anyways thats my 2 cents
Pietro
Ftse
Thanks Pietro for your professional comments.
I agree with you with unexpected happenings. We try to factor these in, but I’m sure, when I say, we can still get it wrong.
BTW, made a handsome amount with Easy Jet too, but I got in early based on potential profits, the take over rumour was a bonus.
UK
Thanks Pietro for your professional comments.
I agree with you with unexpected happenings. We try to factor these in, but I’m sure, when I say, we can still get it wrong.
BTW, made a handsome amount with Easy Jet too, but I got in early based on potential profits, the take over rumour was a bonus.
UK
monday's call
Ukhero,
Going off purely technical analysis i would say that, the FTSE will most likely open ~5pts +/- either side of the close on friday. However any news over the weekend may have a fundamental impact on the TA so its hard to call. As for direction i think that if the FTSE manages to raise (on Monday) then the bubble really needs to burst as the economy isn't in great shape and the FTSE should reflect that, but well things like you say dont always go the right way and we get it wrong. So im going with idea that the price will pivot around 5300, so a possible small short for 10pts maybe.
ps i think this is the first time ive publicly made a call on the direction.so.......
Pietro
Ukhero,
Going off purely technical analysis i would say that, the FTSE will most likely open ~5pts +/- either side of the close on friday. However any news over the weekend may have a fundamental impact on the TA so its hard to call. As for direction i think that if the FTSE manages to raise (on Monday) then the bubble really needs to burst as the economy isn't in great shape and the FTSE should reflect that, but well things like you say dont always go the right way and we get it wrong. So im going with idea that the price will pivot around 5300, so a possible small short for 10pts maybe.
ps i think this is the first time ive publicly made a call on the direction.so.......
Pietro
The FTSE
So what can History say in regards to the FTSE. In general, Mondays was a bad day prior to 2005; this year, however, has seen a 50-50 spread of up and down. So no specific guide there.
Putting that aside, I've done my home work and it appears that this coming Monday has a potential of going up by 10 pts against a possible16pts down. Its too close a call. I think I'll pass on tomorrows FTSE.
As it stands, and looking ahead, the 9th and 11th of August appear strong days for a rise in the FTSE, but the wise and the cautious will wait until the FTSE and the DOW have laid there Monday table before leaping in.
One strange and not so well known oddity which may, or may not, effect this coming weeks FTSE: a lot of prominent [and heavy] institutional buyers return to work this Monday having spent the last two weeks being board to tears with no stocks, shares or even the odd seasonal split. So who knows, Tuesday may be the hottest day of the week.
Yours
UK
So what can History say in regards to the FTSE. In general, Mondays was a bad day prior to 2005; this year, however, has seen a 50-50 spread of up and down. So no specific guide there.
Putting that aside, I've done my home work and it appears that this coming Monday has a potential of going up by 10 pts against a possible16pts down. Its too close a call. I think I'll pass on tomorrows FTSE.
As it stands, and looking ahead, the 9th and 11th of August appear strong days for a rise in the FTSE, but the wise and the cautious will wait until the FTSE and the DOW have laid there Monday table before leaping in.
One strange and not so well known oddity which may, or may not, effect this coming weeks FTSE: a lot of prominent [and heavy] institutional buyers return to work this Monday having spent the last two weeks being board to tears with no stocks, shares or even the odd seasonal split. So who knows, Tuesday may be the hottest day of the week.
Yours
UK
Thanks Racer,
Yes I'm aware. Studied the whole week. BP, HBOS, LLOy and RIO look very hot. If I was to SB any share I'd go for Rio, been following it for 3 months, yet my sector is Banks. Read into that what you may.
But look at the DOW, it's been trying to drag the FTSE down for the past two weeks, and annoyingly my knowledge of the DOW is limited [which is bad] so I don't know for sure what the future holds in that area, but if the DOW continues to under perform I don't know how long the FTSE can hold up her own. Even with tip top results the FTSE can still take a major dip of 70pts in this coming week. Or, the DOW puts on a clean shirt and we see a major FTSE rise of, perhaps, 110pts.
I would love to be there in Taunton. To be honest, its to early to tell. I'll let you know nearer the time.
Yours
UK
Yes I'm aware. Studied the whole week. BP, HBOS, LLOy and RIO look very hot. If I was to SB any share I'd go for Rio, been following it for 3 months, yet my sector is Banks. Read into that what you may.
But look at the DOW, it's been trying to drag the FTSE down for the past two weeks, and annoyingly my knowledge of the DOW is limited [which is bad] so I don't know for sure what the future holds in that area, but if the DOW continues to under perform I don't know how long the FTSE can hold up her own. Even with tip top results the FTSE can still take a major dip of 70pts in this coming week. Or, the DOW puts on a clean shirt and we see a major FTSE rise of, perhaps, 110pts.
I would love to be there in Taunton. To be honest, its to early to tell. I'll let you know nearer the time.
Yours
UK
Racer
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Dow is a different mix.. FTSE is now a lot of oil!
Has Dow under performed? Look at 10 year history and I think you will turn that around completely
But on a shorter time scale looking at Dow components charts, two thirds look on the way down
As for Taunton, you wouldn't be the first to travel from Leics to the meeting! The meetings are great fun and very informative.
Has Dow under performed? Look at 10 year history and I think you will turn that around completely
But on a shorter time scale looking at Dow components charts, two thirds look on the way down
As for Taunton, you wouldn't be the first to travel from Leics to the meeting! The meetings are great fun and very informative.
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Racer
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Thank you Racer for the links, it refreshed my understanding of the FTSE.
This is to all:
Putting all other factors and news aside, just a plain, simple ordinary day, what makes the FTSE move, what turns her pretty little head: Demand. Basically, more people buying a share in a company then selling it. And if that's the sole case, with no other factor involved, what makes people, and I mean Joe Blogs as well as Fund Managers, buy the share: Potential profit.
So, do the madding crowd think there is profit to be made by buying this coming Monday, this week, this month? To be honest, I believe yes. Do your own homework. So it's my understanding that the FTSE will rise this week.
'How much,' is the £ per point question.
And yes, the month a head looks a little shaky when you take into account ALL the factors, but this week should see an UP.
'I believe I'm right in what I say, otherwise I would'nt say it. Conviction of thought to those who listen is like being the hangman when your right and a noose when your wrong.' -HePo
This is to all:
Putting all other factors and news aside, just a plain, simple ordinary day, what makes the FTSE move, what turns her pretty little head: Demand. Basically, more people buying a share in a company then selling it. And if that's the sole case, with no other factor involved, what makes people, and I mean Joe Blogs as well as Fund Managers, buy the share: Potential profit.
So, do the madding crowd think there is profit to be made by buying this coming Monday, this week, this month? To be honest, I believe yes. Do your own homework. So it's my understanding that the FTSE will rise this week.
'How much,' is the £ per point question.
And yes, the month a head looks a little shaky when you take into account ALL the factors, but this week should see an UP.
'I believe I'm right in what I say, otherwise I would'nt say it. Conviction of thought to those who listen is like being the hangman when your right and a noose when your wrong.' -HePo
