What the hells going on with the FTSE

Stavros_3

With over night rises in the far east and a huge leap of almost 500 points on the Dow, the FTSE opened up 30 odd points, and is now down. I would have thought that with the confidence in the U.S markets that would have been mirrored ocross here.

dunstonh

If its any consolation, portugal is down slightly as well. Although they are the only two reds on the board. It's probably deflation concerns. Although the 250 is up .3% at the moment so it is possibly some of the large caps causing an uneven movement. (i havent checked as you can tell).

This is why you diversify...

Reaper

I don't see what justifies its rise from 3500, so I'm surprised it is so high. Just because the UK and USA started chucking printed money at the banking system doesn't mean our troubles are all over.

Actually I'm just annoyed because I have long said I would start buying when it hit 3500 but it bounced back up before I got round to it!

[Deleted User]

i sold some stocks yesterday and am glad to see ukx down as the rise in the usa is not healthy

I bought a few more defensives just now and have limit buys on more stocks at a lower price. ukx is forming a base imo and will continue being volatile for some time yet, so tin hats on

sabretoothtigger

Could have set a buy order for ftse at 3500 I think though I always wonder how to avoid buying on the way down. Buying at 3500 as it crashes would be silly so I dont trust orders in general

printed money at the banking system

Stocks rise with inflation apparently so the ftse could double in theory but not be worth any more then it is today which is confusing but I would not bet against a market rise even while the economy gets worse

I like the idea of buying on scale to give the best chance of having most units bought near the bottom, then you sell as you feel the top of the wave approach. Hold onto some but not the majority

tradetime

Not sure about the UK as I don't follow it, but the US is largely reacting to a combination of an oversold market, a false break to the downside which trapped a lot of shorts, the anouncement that they will print money, and the measures to relieve their banking system of toxic assets. Asia if you look at market performance year to date, has been relatively strong compared to the US, they did not breach the November lows, Chna's stimulus packages are already deployed, they were simply waiting for a signal from the US to run.

US futures are not particularly active during the Asian market period they are however active now and signaling a lower open at present, so I'd say that has something to do with it.

sabretoothtigger

I didnt think the US future market would open this early, its not 6am on the east coast is it.
Is there a symbol or free website I could look up to see futures or is it more restricted.

I usually only view things through the distortion of a spreadbet account which to be fair is not that bad when its free


I agree the asian markets have been great since the year start, much better then last years fall. Resilient even, korea agreed some free trade with eu apparently

tradetime

sabretoothtigger wrote: »

I didnt think the US future market would open this early, its not 6am on the east coast is it.
Is there a symbol or free website I could look up to see futures or is it more restricted.

E-minis trade more or less 24 hours except 16:15 - 16:30 Monday thru Thursday and from 16:15 Friday until 18:00 on Sunday, but they tend not to be very active overnight unless there is some big news event, they do tend to start moving around the European open.

You can see delayed futures quotes on Bloomberg.com or on the CME site, but you have to pay for realtime.

Actually, can you not see a futures contract on your spreadbet platform, not sure how they refer to it, we are on the June contract at the moment ESM9

sabretoothtigger

Yea I can see various figures but they move badly like you say so I guess thats just how it is
I will check those websites thanks

Stavros_3

Another day at the ranch

Count_Dante

Of perhaps greater interest: what was going on with the FTSE a couple of years ago when it was over 6000?