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
Stan
- 14 Jan 2015 11:41
- 17393 of 21973
Leyton High Rd. eh? As he only gets a 3 hour lunch break that should be just the job.
Shortie
- 14 Jan 2015 11:44
- 17395 of 21973
The menu actually looks quite good..
Shortie
- 14 Jan 2015 11:47
- 17396 of 21973
6435 position closed.
cynic
- 14 Jan 2015 13:06
- 17397 of 21973
sod's law .... should have closed long dow and left ftse short running ..... hey ho
Shortie
- 14 Jan 2015 13:25
- 17398 of 21973
I should have left the short also but had to pop out.
cynic
- 14 Jan 2015 13:37
- 17399 of 21973
complete bloodbath at the moment, probably and primarily on the back of JP Morgan's further $1bn set-aside for fines
=============
DOW
should have support at around 17340 or perhaps as low as 17300
however, on yesterday's and indeed today's performances, neither supports nor resistances have had much meaning
cynic
- 14 Jan 2015 14:00
- 17400 of 21973
i have bravely or foolishly (shall let you know!) opened another small Dow long at 17373.4
Fred1new
- 14 Jan 2015 14:01
- 17401 of 21973
I hope you are right!
HARRYCAT
- 14 Jan 2015 14:01
- 17402 of 21973
.
cynic
- 14 Jan 2015 14:09
- 17403 of 21973
for once fred, you are not alone :-)
Shortie
- 14 Jan 2015 14:33
- 17404 of 21973
6379 long
cynic
- 14 Jan 2015 14:39
- 17405 of 21973
a brightish start (comparative of course) on wall street, though i missed the even stronger first 5 minutes as was grabbing some dinner shopping
Shortie
- 14 Jan 2015 14:51
- 17406 of 21973
6391 position closed
Shortie
- 14 Jan 2015 15:06
- 17407 of 21973
+83.8 on the day now, short stack still, so got to be extra careful.
Shortie
- 14 Jan 2015 15:07
- 17408 of 21973
6406.5 gone long
cynic
- 14 Jan 2015 15:07
- 17409 of 21973
closed 2nd dow short at 17444.1 for a nice 70 point gain
now need dow to pick up strongly again
Shortie
- 14 Jan 2015 15:22
- 17410 of 21973
6411 closed, mixed signals
cynic
- 14 Jan 2015 15:38
- 17411 of 21973
i wonder if you'ld find it helpful to keep a Dow screen with say 10 minute chart as ftse and dow generally have some correlation
cynic
- 14 Jan 2015 15:41
- 17412 of 21973
small dow long again at 17403.4 ...... should be support at this 17400 level, though assuredly doesn't follow in these markets
============
and closed 17443.6
blimey; sure have to concentrate in these markets