Online Stock Trading - DOW Down
DOW up FTSE down - there has been a strange disconnected between the DOW and the FTSE over the last few days, they often end up going in opposite directions. The FTSE was down this morning but the DOW has decided to go up.
VOD is weighing on the FTSE - down 4% at the moment which is a lot for such a big company and it's probably knocking about 10 points all on itw own. It said its profit margins are being squeezed after they introduced lower tariffs to gain mor ecustomers.
Autonomy has shot up 7 % after being upgraded byGoldman Sachs who added it to their 'conviction buy' list. The 7 year chart is 'interesting' from an online stock trading point of view.
The 3 month chart shows resistance just above 700p and it may have got slightly ahead of itself today - another one to watch
Over in the US plenty of economic data - personal income and personal spending better than expected and the DOW is up 57 as a result. the FTSE looks like it wants to turn positive.
Dendreon up 190% after yesterday's news !