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
cynic
- 11 Apr 2014 16:42
- 15186 of 21973
surely DAX is closed now, or does it run on and on rather like ftse when dow is operating?
Seymour Clearly
- 11 Apr 2014 20:16
- 15187 of 21973
Haven't played the Dow for years, managed a quick long for +14 but shouldn't have bothered - a scrap from the table really.
cynic
- 12 Apr 2014 08:21
- 15188 of 21973
and i'm very glad i didn't have a further dabble as i'm sure i'ld have gone long
shortie is the whizz for this sort of thing, but i think the dow, and thus all other markets, could still have a long way to fall - i.e. 15,000 or thereabouts
even if that is the case, then it will not of course be in a straight line, and if putin finally stops his macho-imaging (not too hopeful about that), then the game could quickly change back again
Shortie
- 14 Apr 2014 09:16
- 15189 of 21973
Gald I closed the DAX Friday pm, got out at just under break even. I have no positions in indicies at the moment.
Cynic - DAX runs on with the FTSE after the close whilst other indicies such as the DOW are live.
Chris Carson
- 14 Apr 2014 09:22
- 15190 of 21973
Scalped a quick Ftse short out @ 6526.9 +16.50. That's me done for the day..
cynic
- 14 Apr 2014 09:41
- 15191 of 21973
too dangerous and scary, so am just sitting on my hands (i hope!)
cynic
- 14 Apr 2014 10:32
- 15192 of 21973
it's scary just sitting on the sidelines and watching ......
FTSE opened down about 20 and then recovered pretty much to b/e and is now down 50+
jimmy b
- 14 Apr 2014 10:48
- 15193 of 21973
Makes you laugh Putin shakes his fist and the stockmarket crumbles ,i did think we were going to have a bounce today .
I'm in deficit with several trades now ,i suppose you would call me a holder :)
cynic
- 14 Apr 2014 11:11
- 15194 of 21973
jimmy - that's a bit naive of you, but it's hard (too scary) to believe that it will all end in fisticuffs
meanwhile, because i'm a total arsehole, i have just opened a small dow long at 16033
Shortie
- 14 Apr 2014 11:12
- 15195 of 21973
6523.3 going long FTSE
Shortie
- 14 Apr 2014 11:23
- 15196 of 21973
6527.8 position closed. +4.5
cynic
- 14 Apr 2014 11:26
- 15197 of 21973
hope that was a VERY BIG punt for a measly 4.5 points :-)
jimmy b
- 14 Apr 2014 11:30
- 15198 of 21973
Naive why ? cynic , i don't think for one minute it will end in a fight but it is just that markets seem to get rocked so easily .
Shortie
- 14 Apr 2014 11:53
- 15199 of 21973
It was big enough Cynic that I didn't want to leave it running...
cynic
- 14 Apr 2014 12:09
- 15200 of 21973
naive that you are surprised that the markets are rocked so easily
markets dislike uncertainty at the best of times, and this is potentially worse than many scenarios, not only because of potential civil unrest or worse in ukraine, but also because of russia's grip on the gas pipeline to much of europe
Shortie
- 14 Apr 2014 12:11
- 15201 of 21973
Its all rather ironic, at a time when the US is looking to remove fuel export bans an capitalise on supply.
cynic
- 14 Apr 2014 12:16
- 15202 of 21973
US is full of powerful lobbies, from guns to truckers to LNG to helium
cynic
- 14 Apr 2014 13:40
- 15203 of 21973
On the economic front, investors will consider the latest monthly retail sales figures from the U.S. Census Bureau. Those numbers will be out at 8:30 a.m. ET.
given that cash dow is now +90, i guess those were pretty healthy, albeit that the plunge of last week may trigger a bounce of its own accord
cynic
- 14 Apr 2014 13:43
- 15204 of 21973
this won't hurt either ....
Citigroup reported net income of $3.9bn in the first quarter, beating analyst estimates as its executives face their first public grilling over why the bank failed the Federal Reserve’s stress tests last month.
The bank’s net income grew 3 per cent from the same quarter a year ago when it reported $3.8bn. Analysts had estimated the bank would earn $3.6bn.
Shortie
- 14 Apr 2014 14:14
- 15205 of 21973
Off topic but I'm loving the Concha thread right now...