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
jimmy b
- 28 Sep 2015 16:14
- 18596 of 21973
Better than watching the stress on screen at the moment .
Here's one of cynic .
cynic
- 28 Sep 2015 16:26
- 18597 of 21973
i have my fans too :-))
jimmy b
- 28 Sep 2015 16:27
- 18598 of 21973
Thinking of going long on FTSE too cynic . Still heading South at the moment .
cynic
- 28 Sep 2015 20:29
- 18599 of 21973
good job you didn't
DOW trying very hard to fall below 16,000 ...... 15,664 26/8/15
jimmy b
- 29 Sep 2015 08:27
- 18600 of 21973
Yes held off after close as it was still falling ,however when's the bounce back because there will be one at some point or are we in for some kind of market catastrophe .
cynic
- 29 Sep 2015 08:36
- 18601 of 21973
at least DOW cash has just about clawed its way back to 16,000
rekirkham
- 29 Sep 2015 09:06
- 18602 of 21973
Looks like Dollar is more stable against the pound today or weakening.
i.e. more cents to buy a pound - on my exchange rate page it shows in blue as more
cents to buy a pound, but really means that the dollar is down against the pound.
( sometimes hard to get my head around £ / $ changes as blue or higher, really means the dollar is weaker )
Which then may move the price of gold and silver higher in ( weaker ) dollar terms,
which may influence higher Fresnillo, by giving the impression that gold and silver
are trading higher in dollar terms.
In fact are higher because of gold and silver are valued in a weaker dollar, so
effectively gold and silver value is unchanged or little changed.
For what it is worth, my guess is that I see the market as moving higher later
in the day. Also Wall Street and China are more stable in after hours trading
cynic
- 29 Sep 2015 09:31
- 18603 of 21973
no markets move in straight lines either up or down, though sometimes it feels like it
rekirkham
- 29 Sep 2015 09:54
- 18604 of 21973
Dollar now in a weaker cycle ( not continuous straight line ) and if stays weak or goes
even more weaker then the prices of both gold and silver should rise to maintain their
values in real terms -
numbers now £/$ + 28.3, Gold - 5.41, Slvr -4.5, let's see what happens -
tho it may take several hours to adjust to real values
Gold and silver should move higher, or worst senario £ / $ will return to lower levels
rekirkham
- 29 Sep 2015 12:24
- 18605 of 21973
I would rather watch paint dry at the moment, as nothing seems to be happening.
Maybe all hell will let loose soon ?
Are we waiting for some Govt statistics from somewhere ?
Maybe jim has some more pictures, as I am bored ?
HARRYCAT
- 29 Sep 2015 14:09
- 18606 of 21973
You could always start trading currencies! I believe that is a way of keeping yourself entertained to the max. ;o)
jimmy b
- 29 Sep 2015 14:34
- 18607 of 21973
Cover your eyes the DOW's opened .
cynic
- 29 Sep 2015 14:46
- 18608 of 21973
it was much better before it did!
having indicated +80 it's currently -50 ...... let's hope that's just a hangover from last night
jimmy b
- 29 Sep 2015 14:48
- 18609 of 21973
Went long FTSE earlier with a stop at 6920 which has triggered ,when to go long again ? or not as may be the case .
cynic
- 29 Sep 2015 15:05
- 18610 of 21973
scared myself with a small dow long at 16005
this then dived but thank goodness recovered strongly, so i got out with +32
not sure whether i have enough spare undies with me to have another dabble later :-)
cynic
- 29 Sep 2015 15:46
- 18611 of 21973
DOW having quite a problem getting above and holding 16,100 ...... it's had several attempts (6+ times) already today and fallen back on every occasion
cynic
- 30 Sep 2015 08:35
- 18612 of 21973
as posted on advfn yesterday, markets often fail to follow a logical path
even so, the o'night jump certainly comes as a welcome relief, though i do wonder how fragile this bounce may prove to be, even if (for example) FTSE has comfortably cleared the important 6,000 hurdle, at least for now
however, nagging at the back of my mind is that this is the last trading day of the month, so the funds and similar could just be squaring away their books
cynic
- 30 Sep 2015 08:42
- 18613 of 21973
have followed my own advice and banked a thankful and decent profit on FTSE (+44)
cynic
- 30 Sep 2015 15:10
- 18614 of 21973
almost tempted to short FTSE later this evening - perhaps when wall street closes - on the basis that today's rise is quite possibly just squaring of the books ...... and of course it's 1/4 as well as month end
cynic
- 30 Sep 2015 16:17
- 18615 of 21973
on the basis that FTSE has really struggled to break 6050, have just placed a small short at 6045.8