cynic
- 20 Oct 2007 12:12
rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.
for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ
for ease of reading, i have attached 1 year and 3 month charts in each instance
skinny
- 02 Jan 2013 08:06
- 10362 of 21973
skinny
- 02 Jan 2013 08:14
- 10363 of 21973
Spanish Manufacturing PMI 44.6 consensus 44.9 previous 45.3
HARRYCAT
- 02 Jan 2013 08:45
- 10364 of 21973
I thought they had just delayed the whole thing for two months? Kicking the can down the road again...........
skinny
- 02 Jan 2013 08:45
- 10365 of 21973
Italian Manufacturing PMI 46.7 consensus 45.4 previous 45.1
skinny
- 02 Jan 2013 08:46
- 10366 of 21973
Harry - they have :-)
Toya
- 02 Jan 2013 08:47
- 10367 of 21973
They have kicked the can Harrycat, but we will no doubt see continuing wrangling now over the next 2 months. I can't see them coming to some agreement way ahead of that deadline somehow... maybe you have more faith in politicians :)
skinny
- 02 Jan 2013 09:31
- 10368 of 21973
GBP Manufacturing PMI 51.4 consensus 49.2 previous 49.1
cynic
- 02 Jan 2013 09:44
- 10369 of 21973
uk politicians - some ...... american politicians - none whatsoever! ..... they're as bad as the self-serving union leaders of old
Shortie
- 02 Jan 2013 10:06
- 10371 of 21973
I'm also short FTSE @ 6002.5.
cynic
- 02 Jan 2013 11:09
- 10372 of 21973
COR!!!!
That took me totally by surprise.
Cash Dow suddenly jumped 150+, but apparently it is/was because the futures market does not open until 11:00
Rubs hands together gleefully - like Shylock some would say :-)
skinny
- 02 Jan 2013 11:20
- 10373 of 21973
Hmmm - that was a rather expensive jar of coffee and marmalade!
Stopped @6015 Filled @6030.
Shortie
- 02 Jan 2013 12:54
- 10375 of 21973
Cynic nice to see someone on the right side of the DOW jump, that cost me 150 points, and am now out of the DOW.... FTSE however I have extended my short positions to now average 6019.9. If the house of cards continues the ralley I'll extend further... As the below hourly chart shows, FTSE is massively overbought at the moment.
Toya
- 02 Jan 2013 13:13
- 10376 of 21973
I had an early profit on a short-Short first thing, from 5990, but am jolly glad I took my profit. Then re-set to 6040 - if it doesn't hit that, then I shall revise it down a bit
cynic
- 02 Jan 2013 13:43
- 10377 of 21973
i banked 50% of my Dow at 12258 - yummy yummy - and have a trailing stop on the balance
Shortie
- 02 Jan 2013 14:07
- 10378 of 21973
Well done Cynic, I got caught this morning so my wedge lost a little weight, no play on the DOW currently but I'm heavily exposed to the FTSE now.
cynic
- 02 Jan 2013 14:08
- 10379 of 21973
well you made plenty previously and you can't always call them right - it would be too easy!
cynic
- 02 Jan 2013 14:56
- 10380 of 21973
shortie - was it you who told me about HG&HC index? .... if so, many thanks, as it has been most fruitful, though it is very "heavy" and volatile ..... i never know where to set limits on it, so just bank a decent profit when it's offered - as now, albeit that it has continued north a bit
Toya
- 02 Jan 2013 15:05
- 10381 of 21973
Just seen a headline:
US construction spending falls 0.3%