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
deltazero
- 13 Jul 2015 16:13
- 18190 of 21973
ha ha...............imf suckers :-)
china, india, brazil and others will be chuffed to bits to see more money going to the eu zone than anywhere else in the world..................
It's official, the International Monetary Fund (IMF), is "ready" to work with Greece, it has announced in an official statement. "The IMF stands ready to work with the Greek authorities and the European partners to help move this important effort forward."
A third bailout deal for Greece is predicated on the country asking for further help from the IMF.
cynic
- 13 Jul 2015 20:02
- 18191 of 21973
banked modest DOW profit, but i see that index has now climbed again .... never mind
cynic
- 13 Jul 2015 20:41
- 18192 of 21973
DOW
just taken a brave short at 19,796 as it shows no inclination to surge higher and a resistance at 18,000 def in prospect
deltazero
- 13 Jul 2015 21:46
- 18193 of 21973
that is brave cynic - i hope it comes good for you - i am keeping my powder dry for the moment - gl
Claret Dragon
- 14 Jul 2015 06:19
- 18194 of 21973
A bit of profit taking today after yesterdays bounce?
cynic
- 14 Jul 2015 08:12
- 18195 of 21973
took my tweensy FTSE profit, but better than nowt
DOW short still running
i'm expecting some nervousness ahead of the vote in the greek parliament and 18,000 is likely to be a hurdle anyway
Claret Dragon
- 14 Jul 2015 10:56
- 18196 of 21973
FTSE 100 just fell over
cynic
- 14 Jul 2015 16:07
- 18197 of 21973
bugger ..... have cut my losses on DOW, though they were nothing remotely to cry about
short call looked to be right until about the last 30 minutes .... hey ho :-)
anyway, more than made up stock longs
deltazero
- 14 Jul 2015 16:15
- 18198 of 21973
unlucky cynic that was a hard and brave call you made there - i couldnt make up my mind hence keeping powder dry - as i said before long looks the better position currently
and remember this: 'a man who made no mistakes made nothing' so no shame in a wrong / unlucky call
gl
cynic
- 14 Jul 2015 16:52
- 18199 of 21973
at least i wasn't punting silly money and it's all too easy to let losses run away too ..... have actually had a very good (fiscal) year so far, so long may it continue
anyway, it could now be argued that with DOW piercing 18,000 with relative ease, and FTSE finishing above 6740, that a further run north could easily be in prospect, always supposing the greasy ones do not spoil the party
Claret Dragon
- 14 Jul 2015 17:25
- 18200 of 21973
DOW Short 18040
cynic
- 14 Jul 2015 20:02
- 18201 of 21973
looks as though you should be thinking of getting out if you haven't already :-(
deltazero
- 14 Jul 2015 21:32
- 18202 of 21973
Claret Dragon
- 15 Jul 2015 07:52
- 18203 of 21973
Stop took me out on Dow Short.
He who dares. :)
Probably good idea to see how the vote goes now in Greece.
cynic
- 15 Jul 2015 08:12
- 18204 of 21973
trading the indices today will be very difficult and will required great concentration and nimble fingers
despite IMF's misgivings, the odds must still favour the greeks approving the measures proposed, but it is blatantly obvious that slabs of debt will indeed have to be forgiven through one device or another
my (hopeful) guess is that such a move has already been discreetly mooted
cynic
- 15 Jul 2015 08:26
- 18205 of 21973
given the uncertainty, i have taken a small ftse short and, having been stupid, shall now try to be sensible and promptly take a half-way decent profit if presented
cynic
- 15 Jul 2015 17:37
- 18206 of 21973
GREECE - a very sobering comment
Tonight's Greek parliamentary vote remains the biggest event risk for financial markets, with the very real possibility that the resolution found between creditors and Syriza could be all for nothing if it fails to find approval with politicians in Athens. The Greek crisis is certainly not over yet. We’re only at the start of several national votes which potentially could derail the bailout. Beyond this, the IMF's criticism of the plan highlights the concern that, without any form of guarantee of debt sustainability, the deal would just be a sticking plaster on a debt wound that would continue to grow.
HARRYCAT
- 15 Jul 2015 17:44
- 18207 of 21973
Surely the debt wound is already beyond Greece's ability to repay? I heard today that the debt and the repayment terms are already being compared to the Versailles treaty. It's so crippling that poverty and the collapse of the economy are inevitable.
deltazero
- 15 Jul 2015 19:26
- 18208 of 21973
it seems the only people ignoring that greece can never repay this are the parasites looking out for themselves and desperately trying to hold together a pathetic, broken, corrupt to the core eu - it is time to break this rubbish up and cameron should be using this to the advantage of the uk - not grovelling and giving another £1B of uk money to greece if he capitulates to eu demands - what a total bunch of wasters!
welcome to the eu asylum!
still good for trading though :-)
Fred1new
- 15 Jul 2015 19:41
- 18209 of 21973
Seems you are happy to be with those who are parasites!