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
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
jimmy b
- 30 Sep 2015 16:20
- 18616 of 21973
Wonder if your right ,i'm more inclined to go long when it's taken a battering .
cynic
- 30 Sep 2015 16:25
- 18617 of 21973
and of course it's 1/4 as well as month end ...... is part of the logic, and i saw nothing else this morning that should have inspired such a strong surge
cynic
- 01 Oct 2015 08:01
- 18618 of 21973
i sure called that wrong and it just goes to show how markets can defy logic, for we have had yet more weak industrial numbers from china, imf forecasting weaker world economic growth, us employment numbers tomorrow and forthcoming earnings likely to be pretty rough
splat
- 01 Oct 2015 08:18
- 18619 of 21973
Perhaps all that is already discounted cynic? After all the Dow has given back some 1,900 points since its peak and the FTSE over 1,000 until today's rise.
cynic
- 01 Oct 2015 08:23
- 18620 of 21973
dunno guv :-)
easy to rationalise after the event, but it'll be interesting to see if this rally has any real legs
cynic
- 01 Oct 2015 08:38
- 18621 of 21973
in fact, i now note that the chinese numbers were still pretty pissy but above expectations
cynic
- 01 Oct 2015 13:04
- 18622 of 21973
glad i didn't get panicked into closing out ...... but then sure as hell wasn't brave enough to add further either!
cynic
- 01 Oct 2015 16:37
- 18623 of 21973
looks that my logic was right even if the timing proved to be rubbish
jimmy b
- 01 Oct 2015 16:38
- 18624 of 21973
heading back to where you started .
cynic
- 01 Oct 2015 17:03
- 18625 of 21973
indeed and fully expect it (ftse) to head lower still
i am also now short dow from 16,197 and have targeted 16,000 or thereabouts to close and probably reverse
at that juncture, the same is likely to apply to ftse