Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; FTSE high is 5757 so far below yesterdays high, so could set up distribution top...

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Old Aug 3, 2012, 2:53pm   #11460
 
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Re: Anyone scalping the FTSE Futures??

FTSE high is 5757 so far below yesterdays high, so could set up distribution top
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Old Aug 3, 2012, 2:54pm   #11461
 
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Re: Anyone scalping the FTSE Futures??

anyone noticed that FTSE over past 6 days closes very near to its high/low?
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Old Aug 3, 2012, 2:57pm   #11462
 
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Re: Anyone scalping the FTSE Futures??

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RIO looks easy to trade, would have gone long at 2950 if i was trading it,
RIO now has a 3017.5 high
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Old Aug 3, 2012, 3:01pm   #11463
 
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Re: Anyone scalping the FTSE Futures??

SD, would you say RIO and Ftse are correlated? Could you spread trade these two as a pair do you think?
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Old Aug 3, 2012, 3:11pm   #11464
 
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Re: Anyone scalping the FTSE Futures??

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SD, would you say RIO and Ftse are correlated? Could you spread trade these two as a pair do you think?
not spread trade but , weak RIO hampers strength in FTSE, also RIO break of major trendllines can be bearish for FTSE, miners should do well during an economic expansion and if they under-perform it is very bad signal

I found a good article on deciphering risk on and risk off, the ratio of XLP/XLY

sp staples versus Sp discretionary.
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Old Aug 3, 2012, 3:12pm   #11465
 
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Re: Anyone scalping the FTSE Futures??

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not spread trade but , weak RIO hampers strength in FTSE, also RIO break of major trendllines can be bearish for FTSE, miners should do well during an economic expansion and if they under-perform it is very bad signal

I found a good article on deciphering risk on and risk off, the ratio of XLP/XLY

sp staples versus Sp discretionary.

the same applies in some way to banks a rally with weak banks is not healthy for sustained expansion.
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Old Aug 3, 2012, 3:33pm   #11466
 
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Re: Anyone scalping the FTSE Futures??

Dow +172
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