FTSE100 July 2004

[barjon]

Crunch time on two timescale fronts methinks. A close eye now if you're short? And a nice hammer holding a close above 395 on Monday would be nice if you're thinking long?

 

[mully]

Morning all,

Well an exiciting/dynamic move to end the week.

Unfortunately, the FTSE100 took the wooden spoon.

It seems unfair to underperform on the way up and now underperform on the way down.

 

[mully]

FTSE100 stock impact

Global titans at work again

 

[mully]

Last week's winners

An idea of what is positive in the UK

 

[mully]

Last week's losers

On the other hand

 

[mully]

Remember US closed to-day.

FTSE not looking pretty.

Close proximity of 200 d MA may still be a support

 

[barjon]

Thanks Mully, I do value your nuggets of info. Any reason why DOW doesn't appear in your global markets summary?

 

[mully]

I am trying to capture a snapshot of the global markets.
I use the SP500 because it is broader based and has the more liquid futures contract
The NASDAQ is there to highlight technology.
UK is over represented (f250 better trender than F100)

 

[bracke]

mully

Thank you for you charts and comments.

Does the relative 1 month and relative 3 month refer to the current price relative to the start of the year ?

Regards

bracke

 

[mully]

The relative refers to the price 1 month ago and 3 months respectively.

The stocks are then rank by performance.

The tables submitted are ranked by last week's performance

 

[bracke]

mully

Thanks for explanation.

Regards

bracke

 

[mully]

I am not a happy bunny.

FTSE250 is not acted well since Friday.

Its 1 day SMA is pointing down, its failure to rally to-day and the fact that the rising trend channel has been broken does not bode well.

I am now cautious given FTSE250 performance

Will watch how the index acts around the 6178(old highon the way up)

 

[bracke]

Oh dear mully is not a happy bunny.

His beloved ftse250 has taken a turn for the worse, and bearing in mind his view that the 250 is a better indicator of the overall situation it does not bode well for those long, but further cheers the shorters.

The industrial production figures are due out tomorrow, perhaps they will be the catylyst for the direction of the ftse 100 & 250.

Regards

bracke

 

[mully]

"Marie Celeste"

Where is everyone?

Still no signs of positive developments for the FTSE100.

The May low of 4363 looks to be approaching fast.

Meanwhile, my trend indicator (FTSE250) is still falling.

 

[Finirama]

Mully,

This is what i'm looking at in terms of target for the end of the move.

Regards
Fin

 

[bracke]

Good Afternoon All

I had to spent some time on the day job this morning hence my late appearance.

After a perusal of the charts I am inclined to clear off again but I will resist the inclination.
The drop has reached pivot support 3 which is 4376

I await the opening of the US with interest and trepidation.

Regards

bracke

 

[splasher]

Technically i'm unsure on FTSE now, we're obviously in a downtrend but the reaction to ISM has not extebded the downturn and so could show some short term strength. Bonds are feeling very top heavy also so i have closed stock shorts and am awaiting developments. Med term bear but short term think it could tick up a bit............................these boards are vey quiet as always when the market surprises peeople.

 

[goldfish]

Hi all

I cannot find support in any of the major indices to stop this downturn and the Naz has hit a strong resistance point 3 days ago.

 

[bracke]

"these boards are vey quiet as always when the market surprises people."

We should never be surprised at what the market does, particularly as it occurs not infrequently.

Perhaps the boards go quiet because we are unsure of the next direction.

Regards

bracke

 

[oatman]

Mully

Where is everyone?

You've got it Splasher, the longs went into hiding.