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
explosive
- 10 Mar 2008 20:48
- 1447 of 21973
No Trading on Wall St.....??
cynic
- 10 Mar 2008 20:53
- 1448 of 21973
comment not understood
Dow looks to have closed well under notional suypport of 11800 so expect F/E to sell-off quite hard with knock-on in London.
At least i have minor comfort from my Dow and FTSE shorts as well as in SOLA and WPP, but fear will be little more than a sop
stroreysj
- 11 Mar 2008 09:40
- 1449 of 21973
oil seems to have steadied, although rememeber thinking that yesterday. Another $8 fall and im in the money LOL. Whatever, happens I am closing out tomorrow and going skiing for three weeks in colorado. A nice 24 hour flight from Singapore but still less painful than these markets. Have fun all
BigTed
- 11 Mar 2008 12:24
- 1450 of 21973
$110 barrel, here we come, wow money still piling into oil, and although i can see this trend continuing for the foreseeable future, it must surely go bang...
stroreysj
- 11 Mar 2008 14:23
- 1451 of 21973
i must be in the twilight zone. Took the dog for a walk and the FTSE's up and oil back a $. Need to get away from my screens more often
cynic
- 11 Mar 2008 17:54
- 1452 of 21973
while Wall Street's burst for glory brings very welcome relief, just watch out ..... the important 12000 level has been challenged a couple of times so far and has failed to hold ..... keep an eye on this, especially towards or at the close ..... a strong move in one direction or another is almost certain
cynic
- 11 Mar 2008 20:07
- 1453 of 21973
not sure on record from anyone, but am truly delighted to have lost money on my FTSE and Dow shorts, though am now long Dow and have made up much of what i lost .... Dow +406 at 12165 as i write
hope it jumps further towards close, but shall be watching with a view of cashing at least some of this profit
explosive
- 11 Mar 2008 20:13
- 1454 of 21973
Glad I closed my short positions yesterday.....
BigTed
- 12 Mar 2008 09:03
- 1455 of 21973
Well, things looking a bit more cheerful, Fed messed things up for me a tad, as the price of a few companies i'm interested in has got away from me a tad, the big sell off hasn't come (yet), and know wondering if we are actually seeing some equities bottoming out? Certainly TAN for one keeps bouncing off of the 85p mark.
Having said that - little bit muted on FTSE this morning... was expecting a bit more after such a strong late performance by the DOW last night.
Falcothou
- 12 Mar 2008 09:32
- 1456 of 21973
What a topsy turvey world, as Times says investors are fleeing equities to the well known safe haven of oil futures! US Oil inventories out today which will hopefully burst the bubble! Though probably not !
cynic
- 12 Mar 2008 10:25
- 1457 of 21973
comment in today's Tele that no significant fall in crude prices likely in foreseeable future .... remember that in SAR or Euro terms, crude not that expensive
cynic
- 12 Mar 2008 19:27
- 1458 of 21973
considering yesterday's huge rise, Dow is remarkably strong .... watch for last 30-60 minutes of trading!
explosive
- 12 Mar 2008 20:48
- 1459 of 21973
What time in the UK does Wall St close? Could have sworn it was open still at this time last week....
DFBPBJ
- 12 Mar 2008 20:57
- 1460 of 21973
Explosive - I think US Daylight saving time starts 2nd Sunday in March i.e. last Sunday. So Wall St will close 20:00 UK time, until our clocks go forward.
explosive
- 12 Mar 2008 21:27
- 1461 of 21973
DFBPBJ, thankyou, that would explain it and I now know I'm not losing my marbles, well not yet anyway..
BigTed
- 12 Mar 2008 21:28
- 1462 of 21973
They are now 4 hrs behind us, as apose to 5 normally, so yes, closed at 8.00 our time...
stroreysj
- 13 Mar 2008 07:58
- 1463 of 21973
Last comment before the hols...Unless im missing something fundamental if these speculators don't liquidate today on Brent Crude they will have to take delivery of the black stuff on the April contract. Can't believe they want to do that so would expect a retreat. Even if Oil is defying gravity and supply and demand fundamentals
explosive
- 13 Mar 2008 09:38
- 1464 of 21973
Thanks Big Ted, abit of a worry though being caught, placed a short on Wall St last night without stop loss and couldn't change.... Looks good for today anyway going by the falls we've seen so far on other markets.
cynic
- 13 Mar 2008 20:26
- 1465 of 21973
Dow did very well to finish in positive territory, even if a fair bit below its peak ...... FTSE indications at 20:00 were +44, so entrails look promising for the morning
BigTed
- 13 Mar 2008 20:53
- 1466 of 21973
Still difficult to call direction, Dow looks to be shrugging off downward pressure and may now be considered to have put in a double bottom...