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
- 16 Oct 2014 10:34
- 16556 of 21973
The overnight low @6151 has just been breached - so maybe a bit of a bounce?
cynic
- 16 Oct 2014 10:35
- 16557 of 21973
shortie is probably filling his bank account handsomely as he's pretty good at playing these horrid markets and has nimble fingers, i shall stay like a rabbit in the headlights on the sidelines!
goldfinger
- 16 Oct 2014 10:42
- 16558 of 21973
Not so sure cynic.
We the World didnt pay enough attention in the first few months of the disease, just how many people have gone forth and spread it without knowing, I think it takes 3 weeks to show up in a person, then death what within 18 hours, very nasty.
Airlines and fast travel now means something like this can spread very quickly, the World is a much smaller place. Whooooooooooooooooosh.
goldfinger
- 16 Oct 2014 10:43
- 16559 of 21973
Just added again to my FLYB short. Well in the money.
ahoj
- 16 Oct 2014 11:00
- 16560 of 21973
What about Australia? It is 5200 now.
Shortie
- 16 Oct 2014 11:02
- 16561 of 21973
6100 another small long.... I figure I'll be ok, I'm pretty anti sociable at the best of times!!
Shortie
- 16 Oct 2014 11:05
- 16562 of 21973
The biggest risk to a mass outbreak would be if it got into the schools, kids would spread Ebola very quickly..
goldfinger
- 16 Oct 2014 11:09
- 16563 of 21973
Increased insurance costs will likely negate any fall in oil prices and for those carriers which have already hedged............wow they are in for one hell of a shock come results.
goldfinger
- 16 Oct 2014 11:10
- 16564 of 21973
Good point Shortie. Kids easily spread illness.
cynic
- 16 Oct 2014 14:13
- 16565 of 21973
sticky - read up the FACTS on ebola and how it's spread and how one can get infected, rather than listening to popular misconceptions ..... it really is not that easy to catch, any more than is Aids
Shortie
- 16 Oct 2014 15:33
- 16566 of 21973
6100 closed 6170 for +70pts
skinny
- 16 Oct 2014 15:35
- 16567 of 21973
Well done Shortie, I recently closed for +63 @6168 - whore's drawers atm.
cynic
- 16 Oct 2014 15:39
- 16568 of 21973
have a look at the dow then ...... that's just crazy :-)
just banked another +35 crumb (long), for which i am very thankful
~16070 seems to be the upper limit for now
Shortie
- 16 Oct 2014 15:43
- 16569 of 21973
Well done Skinny, you must be following the same patterns as me... I did wonder if you were long also when I posted the position earlier... Sods law it was only a few pints a point otherwise it could have been lovely.. Seams to have run out of momentum at the moment, sideways I'm guessing in a 20-30pt range... Not sure if any news is due..
skinny
- 16 Oct 2014 15:45
- 16570 of 21973
Nothing more of note today - US Crude Oil Inventories @4pm - next economic news of note tomorrow 1:30.
Shortie
- 16 Oct 2014 15:51
- 16571 of 21973
Cynic - I've no interest in the DOW at the moment, no clear indicators for me to take a position. Dollar money supply to dollar strength is crazy right now, I'd be staying clear of the DOW, you can bet yer cap as soon as the buyers return they'll be stopped out the market.
Sod law Skinny FTSE now 6200 or there abouts.. Oh well!!
skinny
- 16 Oct 2014 15:52
- 16572 of 21973
Yes - maybe a move to 6220/6240.
Shortie
- 16 Oct 2014 15:53
- 16573 of 21973
Around my support points as posted.
skinny
- 16 Oct 2014 15:59
- 16574 of 21973
I know volatility is what day trader's want, but this is obscene atm - DAX even worse.
cynic
- 16 Oct 2014 16:01
- 16575 of 21973
6182 ..... almost as wild as the dow in its own way