UK Stockmarket 2009 and beyond

tradetime

Iam short the SP500

Hey STT, what's your timeframe on that, intraday or longer?

The 1105 area previous resistance seems to be acting as support at the moment. I added to swing short from Friday at pre-market highs, for an average 1110 averge on futures, have since dumped half @ 1105 to drop some of the risk

sabretoothtigger

intraday is the quick answer [ by intra day I mean over several days possibly, opps ]


I went short very briefly last week and set a stop loss at this area, it was like 2% above so a pretty crappy stop loss really. I closed that short early for tiny profit and changed the old stop loss to a stop limit or whatever its called. Then today that was filled.

I realised my loose stop loss was very loose for good reason and I shouldnt be shorting at that point in time.
Now Im looking for a negative week again but Im not sure by how much

So Im expecting it to hold basically but I might close it at some point as Im already short ftse


I would equate it to the 18-19th of Feb when we had resistance, met that resistance and failed the 5th feb uptrend. Weakness ensued and we had the drop which then turned around.

Im not sure when we turn around but right now we are losing that same 5th feb uptrend and I expect some weakness. Of course that could all be incorrect :laugh:


The SP500 resistance on 17th Feb was 1103.5 and so that would be the support for today or whenever we approach it. So far we've been to 1105 but I dont think thats close enough


I tend to over calculate so its just a small bet but I have checked history back to 16th Nov when considering where the market may meet resistance hence Im short intraday today and I expect it to hold well but who knows.
Generally Im bearish and I do not believe the market movement from Jan has ended. FTSE marked a 50% retracement from its initial fall, 5600 to 5200 halfway basically

have since dumped half @ 1105 to drop some of the risk

yep thats a good job, Im not massively certain still




http://club.ino.com/trading/2010/02/a-simple-strategy-for-day-trading/

buffets_partner wrote:

Basically, It's Over


A parable about how one nation came to financial ruin.

By Charles Munger


Updated Sunday, Feb. 21, 2010, at 3:30 PM ET

http://www.slate.com/id/2245328/







http://www.ftse.com/Research_and_Publications/2009Downloads/ASWB_1209.pdf

tradetime

The SP500 resistance on 17th Feb was 1103.5 and so that would be the support for today or whenever we approach it. So far we've been to 1105 but I dont think thats close enough

Support and resistance is always an area, up to the individual how wide you thing that area is, 26 th Jan high was 1103.69 2nd Feb retest was 1104.7, for me that's anywhere within 2 points of that depending on which direction we are coming from and what sort of momentum the market is carnying, we are working off the short term overbought with this action, unless we can break this 1105 area soon then a retest of the high is likely, I thought we might be good for 1100, there will be buyers there (all levels quoted are cash index values)

tradetime

unless we can break this 1105 area soon then a retest of the high is likely,

Retesting the highs as expected.

oscar52

Bit of a randon question (and apologies as I rarely post on here, just read)

Where currently is the best place / site to trade , say for someone interested in long term punts (eg RBS or MONY) for small values?

I currently have Selftrade (which was recommended when they held shares for free - and although you get the three free trades for the admin fee (assuming this hasnt changed) the window is pretty limited.

Thanks in advance.

cloud_dog

oscar52 wrote: »

Bit of a randon question (and apologies as I rarely post on here, just read)

Where currently is the best place / site to trade , say for someone interested in long term punts (eg RBS or MONY) for small values?

I currently have Selftrade (which was recommended when they held shares for free - and although you get the three free trades for the admin fee (assuming this hasnt changed) the window is pretty limited.

Thanks in advance.

If you are looking for low cost dealing for long term holdings you probably want to check out the Halifax platform (also used by https://www.iii.co.uk, and https://www.fool.co.uk). It allows for scheduled investments for a carge of £1.50 and (I beleive) no inactivity or Ann Management charges.

ses6jwg

Jesus,

I hope nobody had money in TRP.

tonygee_3

ses6jwg wrote: »

Jesus,

I hope nobody had money in TRP.

BOOOOM!!:eek:likely be a few more.
Markets 'choppy' as predicted,scalped a few % on MONY & BRE
Hope youve traded HOC,cloudog,been a nice couple of 10%s to be had with that one.
FTSE Trackers dreadful,better to trade RDSB,GSK etc on weakness,stick in ISA

tonygee_3

tradetime wrote: »

Retesting the highs as expected.

BOOOOM!! and down she goes;)

If you get offered 10,5 0r even 3% profits(annual savings rate!!) then cash in,dont expect a bull run for a while

tonygee_3

oscar52 wrote: »

Bit of a randon question (and apologies as I rarely post on here, just read)

Where currently is the best place / site to trade , say for someone interested in long term punts (eg RBS or MONY) for small values?

I currently have Selftrade (which was recommended when they held shares for free - and although you get the three free trades for the admin fee (assuming this hasnt changed) the window is pretty limited.

Thanks in advance.

iii and selftrade do £1.50 (monthly)trades
BIG downside is you dont know what the shareprice will be
Personally not for me,also you could be pumping monies in for 3-5 years in which time markets could be worse(as Unemployment,Debts etc unfold)