Anyone scalping the FTSE Futures??

[mat belton]

Dow 12750 big support, needs to hold also RUT russell 2000 looks to have broken support yesterday

IYM (ishares basic materials) sitting on support within 3 month bull flag

i am awaiting the US numbers then looking to cover the FTSE and buy the euro stoxx

 

[SuddenDeath]

FTSE seems to be digesting yesterdays steep sell-off

 

[mat belton]

yes.. the de-risking seems to have abated

 

[SuddenDeath]

RIO now down 1.4%
BARC down 2.4%

deja vu

 

[mat belton]

ha .. yes

 

[moscheeno]

Here is the SQUEEZE!!

 

[Sidekicker]

yes.. the de-risking seems to have abated

not so sure...
🙂

 

[SuddenDeath]

Santander UK has laid out the safety measures it has in place to prevent potential difficulties at its Spanish parent spreading to its British customers.
The bank moved to reassure UK customers after Kent County Council said it would no longer use the bank for overnight deposits after the Spanish government was forced to take measures to ensure the country's banks are safe from collapse.
On Friday, the government in Madrid announced all toxic loans at the country's banks will be placed in ‘bad bank’ holding companies and banks will be required to raise and set aside an extra €30billion (£24billion) against their good mortgage loans.


Read more: Santander UK says British savers' money is safe after Kent County Council pulls account | Mail Online

 

[DaddyJohn]

wasn't expecting that today !!!! oh, well... stopped out .. now long 6355... have wide stop on these positions now.. will be loading up all the way down to 6238.. below that... then I was wrong ... :|

 

[mat belton]

wasn't expecting that today !!!! oh, well... stopped out .. now long 6355... have wide stop on these positions now.. will be loading up all the way down to 6238.. below that... then I was wrong ... :|

no , me neither... did anyone really expect a Greek government deal !! market is so whippy, i am sticking to my Euro stoxx future long for now, feels to me like the towels are being thrown in... lets hope i am not next 🙂

 

[moscheeno]

My towel is on the verge of being thrown in. Cant take the pain!! Need a 100 point rally just to scratch!! LONG AND WRONG!!

 

[DaddyJohn]

My towel is on the verge of being thrown in. Cant take the pain!! Need a 100 point rally just to scratch!! LONG AND WRONG!!

as long as ftse doenstn break these lows.. you may get..

 

[mat belton]

sorry to hear that .. i cannot remember the markets being any tougher than they are at present, they are moving on every snippet of Macro news

 

[DaddyJohn]

financial engineering at it best methinks 😎

 

[moscheeno]

The machines exaggerate every movement, thats why the market is so whippy. I hope all the machines get carried out!

 

[SuddenDeath]

wasn't expecting that today !!!! oh, well... stopped out .. now long 6355... have wide stop on these positions now.. will be loading up all the way down to 6238.. below that... then I was wrong ... :|

bit of hindsight, but the close on dow yesterday should have set us up for a technical rebound

 

[Sidekicker]

sorry to hear that .. i cannot remember the markets being any tougher than they are at present, they are moving on every snippet of Macro news

Dunno, I've been shorting for the past 2 weeks once per day. I hate to jinx it but it's the easiest trading month I've ever had - I'm just sad they don't happen like this all the time 🙂

 

[SuddenDeath]

What are you basing these on by the way?
Just interested as I'll be a seller if it gets anywhere near 5490-5500

did u sell it?

 

[Sidekicker]

did u sell it?

yep 5495 down to 5465 - standard day trade for me around 30pts.
I have a medium term swing trade up about 340pts but waiting to see on that one.

 

[SuddenDeath]

yep 5495 down to 5465 - standard day trade for me around 30pts.
I have a long running short up about 340pts but waiting to see on that one.

that is excellent