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
cynic
- 02 Oct 2015 09:18
- 18631 of 21973
for better or worse, i don't use stops any more as they always seem to be wrongly placed :-)
as i'm "protected" by share longs, i'll stay put and clench my buttocks
jimmy b
- 02 Oct 2015 13:36
- 18632 of 21973
Weak employment figures may save you this afternoon .
splat
- 02 Oct 2015 13:42
- 18633 of 21973
Interesting!
cynic
- 02 Oct 2015 14:30
- 18634 of 21973
had a limit on 1/2 dow long which was easily hit so had a nice 57 point profit there
balance still running along very jollily
ftse is still out of the money, but not by much
jimmy b
- 02 Oct 2015 14:37
- 18635 of 21973
Jammy or what ? did you manipulate the US figures . Could be more downhill from here for a while .
cynic
- 02 Oct 2015 14:47
- 18636 of 21973
have just cashed in last part of dow for +154
50-odd points off the bottom, but as i was at the gym from 13:00, assuredly no complaints
in fact i see that dow's low was 16,011 which was very close to my original target
a dump by ftse would now finish off quite a reasonable week for me, though i've sure been pretty stupid at times
cynic
- 02 Oct 2015 15:21
- 18637 of 21973
as i happily admit, i know bugger all, but certainly DOW still looks to be in a bearish pattern with lower highs and lower lows since august on almost any sensible timescale you care to look at
however, as has been abundantly shown, volatility remains exceptionally scary, so if you can get the rhythm right - or even wrong as i have shown! - there's still good money to be made in either direction
jimmy b
- 02 Oct 2015 15:24
- 18638 of 21973
The US500 is worth playing for higher stakes alongside DOW .
cynic
- 02 Oct 2015 16:08
- 18639 of 21973
it's not an index i've ever followed, so i'ld be diving in even more blind
jimmy b
- 02 Oct 2015 16:10
- 18640 of 21973
Line it up on your watch alongside DOW it kind of follows .
Iv'e been long DOW from 16151
cynic
- 02 Oct 2015 16:27
- 18641 of 21973
confess i haven't had time to follow closely today, but i see it's been zipping around like a crazy yoyo
my thought is to short DOW once more at around 16,180 where a small resistance looks to be forming
jimmy b
- 02 Oct 2015 16:31
- 18642 of 21973
Closed 16180
Still going up ,don't want to be watching screen in to this evening .
cynic
- 02 Oct 2015 16:36
- 18643 of 21973
short 16,185.4 :-)
currently looking a bit premature as quick zip up to 16,210 or so
jimmy b
- 02 Oct 2015 16:37
- 18644 of 21973
It's all over the place !!
jimmy b
- 02 Oct 2015 17:15
- 18645 of 21973
Going blue i think .
cynic
- 02 Oct 2015 17:19
- 18646 of 21973
like you said, it's all over the place
i'm happy enough to sit tight for quite a while
cynic
- 02 Oct 2015 17:50
- 18647 of 21973
US rate increase - a view
While it's always important not to over-react to one single data release, we'll make an exception in this case," said Paul Ashworth, chief US economist at Capital Economics.
"The chances of a rate hike by the Fed this year just went way down," he added, saying he expects the central bank will wait until early 2016 for an increase.
Before today's release, Federal Reserve chair Janet Yellen had said policymakers expected a rate rise this year. The Fed meets on 27-28 October and again in December.
============
i am not so convinced, and if it is delayed, the shock when it comes is likely to have a much more vicious impact on the markets
jimmy b
- 02 Oct 2015 17:57
- 18648 of 21973
Went long for 47 pts .
cynic
- 02 Oct 2015 18:02
- 18649 of 21973
i'll continue to sit tight and may add further if we get much north of 16,400 - say 16,450
jimmy b
- 02 Oct 2015 18:05
- 18650 of 21973
Bit of luck for me really .
I think we could be up and down over the next week ,however the non farm figures didn't seem to have an affect for more than a couple of hours .