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
jimmy b
- 17 Mar 2014 15:03
- 14819 of 21973
I'm going to sign up and get my uniform !
Shortie
- 17 Mar 2014 15:12
- 14820 of 21973
Lets not for get China also, looking at highs I think we're trying to test old resistence at 6600 before fall back to 6400 ish to come later in the week. Note BoE minutes are due as well as budget and unemployment figures. If the minutes show the bank is mulling a rise in rates and unemployment supports the move then the pound will Strenghten and should cause a market sell off.... Thats the plan anyway IMO..
goldfinger
- 17 Mar 2014 15:13
- 14821 of 21973
Ill hold your coat jimmy.
cynic
- 17 Mar 2014 15:39
- 14822 of 21973
i topped up my own dow short position at 16246 but shall let that run as i would not be at all surprised to see a reality check setting in ..... mind you, my positions are very small beer compared (i suspect) to shortie's
Shortie
- 17 Mar 2014 15:45
- 14823 of 21973
All my bets are proportionate to my portfolio size, expected time traded and risk... :-)
Hence my earlier Wall St bet which if it was smaller would have been left to run..
Shortie
- 17 Mar 2014 16:28
- 14824 of 21973
16250 gone short
Shortie
- 17 Mar 2014 16:46
- 14825 of 21973
Wall St closed for +10
skinny
- 17 Mar 2014 16:47
- 14826 of 21973
Shortie
- 17 Mar 2014 17:23
- 14827 of 21973
The chart suggests a longer term long positon Skinny but note the 200DMA arc, it looks as though it'as nearly topped out.
skinny
- 17 Mar 2014 20:09
- 14828 of 21973
Shortie - I'm not sure atm, I've been busy again today and have only had a punt to the long side which netted @40 points - against the grain I know.
Shortie
- 18 Mar 2014 11:30
- 14829 of 21973
Nice result yesterday Skinny. I just doubled down @ 6552.8... March is looking like its going to be a great month..!
skinny
- 18 Mar 2014 12:55
- 14830 of 21973
Cheers Shortie - in and out again this morning so no position atm - any obvious cause of that run up earlier?
Shortie
- 18 Mar 2014 13:03
- 14831 of 21973
Nope but I'm now carrying a few losses as a result.
skinny
- 18 Mar 2014 13:07
- 14832 of 21973
Only 2.44 points tonight.
I guess maybe Putin saying he had no intention of seizing any other regions of Ukraine helped.
Shortie
- 18 Mar 2014 13:09
- 14833 of 21973
Well he would say that, could you imagine if he said "stage 1 complete, now for the rest of the country!!"..
skinny
- 18 Mar 2014 13:11
- 14834 of 21973
You know how fickle the markets are....
Shortie
- 18 Mar 2014 13:16
- 14835 of 21973
Mmmmm, hopeing for a drop this afternoon otherwise I'm looking to take a few losses and move on.
Shortie
- 18 Mar 2014 13:51
- 14836 of 21973
FTSE exited at loss
skinny
- 18 Mar 2014 13:57
- 14837 of 21973
Bad luck Shortie - I've just gone short @6604.3 - small!
Shortie
- 18 Mar 2014 14:04
- 14838 of 21973
I got a small one at 6600, fingers crossed... I'm running short of portfolio funds at the moment, think it'll be small bets for a while until I've built it back up.