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
patshere
- 29 Apr 2015 14:26
- 17718 of 21973
Between now and the 12th May, Greece has to pay Europe 1 Billion euros.
Is the 9th of May grexit day?
http://www.zerohedge.com/news/2015-04-17/may-9-grexit-date
cynic
- 29 Apr 2015 15:36
- 17719 of 21973
banked profit on FTSE short (6974) as it's bouncing about on 25 dma ..... but am sure i shall be shorting again before the election
patshere
- 29 Apr 2015 16:33
- 17720 of 21973
If it's in the bank, it's safe.
Not unless it's a Greek bank :-)
cynic
- 29 Apr 2015 16:36
- 17721 of 21973
and suddenly ftse has tumbled another 30 points to 6936
keep an eye on this .... see chart below for the obvious
50 dma being challenged, and if that is breached with any impetus, then there's a fair old drop in prospect
cynic
- 29 Apr 2015 17:23
- 17722 of 21973
whoohoo!!!
out of dow short (18106) at 17,980
so that leaves dow short of 17,920 still running
Claret Dragon
- 30 Apr 2015 18:02
- 17723 of 21973
Helter Skelter Day.
Need the weekend to recover.
Claret Dragon
- 05 May 2015 16:09
- 17724 of 21973
Ftse down 100 points from this morning.
cynic
- 06 May 2015 17:22
- 17725 of 21973
now out of dow at 17,843 with a decent profit even on that last position
small ftse short still running at 6930.5
cynic
- 07 May 2015 10:19
- 17726 of 21973
both ftse and dow are crumbling badly
however, this is all starting to look a bit overdone and i think there will shortly be a good opportunity to make a quick turn
cynic
- 07 May 2015 10:23
- 17727 of 21973
FTSE
out of short (+96.5) and reversed at 6833.5
jimmy b
- 07 May 2015 10:28
- 17728 of 21973
If your long FTSE hope that Labour don't win :)
Claret Dragon
- 07 May 2015 10:44
- 17729 of 21973
4% Chalked off FTSE in just over a week
jimmy b
- 07 May 2015 10:46
- 17730 of 21973
Volatile markets from here on in i think .
cynic
- 07 May 2015 10:49
- 17731 of 21973
jimmy - there'll be a great deal of manoeuvring before any pm is at least reasonably safely ensconced in number 10 .....
in the meantime, there'll be many gyrations across the markets and in both directions, and i have no intention of being greedy ..... don't forget that markets never go up or down in straight lines
en passant, i'll almost certainly take a small dow long too during the course of the day
in both instances, i (shall) have left myself plenty of room should i wish to add to those positions
jimmy b
- 07 May 2015 11:00
- 17732 of 21973
I have been short FTSE this week purely because of the uncertainty over the election ,,
now out of everything, too much of a gamble .
cynic
- 07 May 2015 11:06
- 17733 of 21973
dithered too long on dow
never mind; let's see what happens later
=========
long dow 17723.8 ...... shan't stay in for long i think :-)
and out again at 17748.5 ..... silly little game, but it'll pay for a really good dinner :-)
cynic
- 07 May 2015 12:53
- 17734 of 21973
out of dow too early as it happens, but had to go to the fishmonger, and too risky to leave unattended for 30 mins or so
cynic
- 07 May 2015 13:28
- 17735 of 21973
now out of ftse too at 6889.3 (+55.8) :-)
Claret Dragon
- 07 May 2015 13:39
- 17736 of 21973
cynic- your warm today :)
cynic
- 07 May 2015 13:50
- 17737 of 21973
thank you
i'm no whizz with charts other than the really basic ones nor other technical stuff, but i can easily keep a screen open while at the office - and still keep up with my work for clients :-)
i confess i have had a very good run of late, especially on the indices, but when they are this volatile, it isn't so difficult as long as one doesn't get too greedy
am tempted to dabble further this afternoon, but with levels as they are, i am uncertain in which direction we are likely to head