This is a personal wish.
I would like to see some discussion on individual stock trends within the FTSE100.
The aim would be to trade stocks on the long and short sides with some balance in order to reduce or eliminate the overall market effect.
If you look at FTSE100 stocks over the last 12 months, there have been some significant divergences.
Mining and property based stocks have been up 50% to 90%. On the low side some shares have dropped out and quite a few have stagnated or dropped. These are like BP, Shell, ITV and the out of favours.
Considering the rise overall a flat market would see a range of possibly from +50% to -30% and a bear move would run even more to the low side of the range.
Taking into account the ease of trading short side these days, there should be some good profits to be made with a low risk.
Looks like one could short the FTSE with a stop just above 6340...target 6100-6000 ish...
A break above 6340 could mean new highs as long as it is a convinving break.(.ie not a false one day thing )-6500-6600..HOWEVER the bearsih divergences seem to point to a weakening uptrend...(also the case for many of the major indices)..