Anyone scalping the FTSE Futures??

[SuddenDeath]

RIO down 2% pressured by strong dollar

 

[SuddenDeath]

well we've lagged - FTSE getting on for -300 weak against DOW since beginning of March so it's got some catching up to do.

I've been long FTSE short DOW since soon after the open which is currently net plus, but we won't know if FTSE is leading a charge until US rubs the sleep from its eyes. The clue will be if FTSE accelerates faster than DOW on any DOW up move - a reluctance fall if DOW drops won't cut it.

Barjon, etf SPY is good proxy starts trading 9am UK

SPY multiplied 41.093 =ftse

136.28 * 41.093 = 5600 (ftse)

 

[Dick Lexic]

so are we leading or lagging?

levitating

 

[DaddyJohn]

RIO down 2% pressured by strong dollar

Rio now filled its gap from late last year...

looking acorss the FTSE.. it does look like it's the defensive sectors that are currently holding it up...

 

[Dick Lexic]

think the bulls are a bit weary .... ftse still seems reluctant S&P might take support at 1360

 

[DaddyJohn]

watch out ... stampeding bulls.... but do they have the legs?

 

[SuddenDeath]

GBPUSD rallied from 10am, took ftse/dax with it

 

[barjon]

watch out ... stampeding bulls.... but do they have the legs?

with ftse leading the charge

 

[barjon]

closed the l/s for net +19 - that'll do for the moment.

 

[DaddyJohn]

where is the index going to be if these miners turn around?

 

[DaddyJohn]

bloody Greeks !!!

 

[Dick Lexic]

a few folk calling it up for the s&p today......bit of a volume area around 50 on the ftse

 

[SuddenDeath]

a few folk calling it up for the s&p today......bit of a volume area around 50 on the ftse

Dick Lexic check SPY it will tell u where sp500 will open

 

[Dick Lexic]

Dick Lexic check SPY it will tell u where sp500 will open

not sure what you mean sd

 

[SuddenDeath]

not sure what you mean sd

Amex SPDR S&P 500 etf Trust, ticker SPY on arca exchange basically tracks the SP500, but it starts to trade at 9am uk time.

Currently with the dow/sp500/ftse extremely bearish the only bullish move u will get is if they move it into the buy stops on shorts, then u get sharp up gap opens.

 

[DaddyJohn]

lets see what happens after 3pm when the euro options expire

 

[DaddyJohn]

kinda get the feeling that we might not get any serious move until after the close

 

[SuddenDeath]

RIO down 3%

 

[SuddenDeath]

10yr US treasury approaching yield levels from which previous index rallies have occurred

 

[SuddenDeath]

GBPUSD looks ominous bearish making third tap at daily lows