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
- 04 Nov 2015 16:36
- 18808 of 21973
above probably explains dow weakness
Chris Carson
- 04 Nov 2015 16:37
- 18809 of 21973
Nice trade jimmy, I don't trade it but wouldn't be surprised both indexes back up again.
Chris Carson
- 04 Nov 2015 16:39
- 18810 of 21973
Well done Janet, why she just doesn't keep her mouth shut is beyond me.
jimmy b
- 04 Nov 2015 16:40
- 18811 of 21973
Xmas rally Chris ??
I think she kind of has to make a statement every now and then Chris i just wish she would phone me first :)
Chris Carson
- 04 Nov 2015 16:41
- 18812 of 21973
Who knows jimmy :0)
cynic
- 04 Nov 2015 16:47
- 18813 of 21973
a US rate rise is actually no bad thing for it implies confidence that the US economy is growing
Claret Dragon
- 04 Nov 2015 18:55
- 18814 of 21973
Just do it. Raise rates
cynic
- 05 Nov 2015 08:50
- 18815 of 21973
.
Chris Carson
- 05 Nov 2015 14:21
- 18816 of 21973
Could bad news be good news (crazy yanks). And no US interest rate rise Dec. ?
Reuters:-
Stocks | Thu Nov 5, 2015 1:59pm GMT
U.S. jobless claims post largest increase since February
WASHINGTON
jimmy b
- 05 Nov 2015 16:18
- 18817 of 21973
In and out of FTSE / DOW all day ,been heavily down and moderately up ,came out with tiny profit ,almost made myself dizzy ..
Bottled it in the end could have had a decent outcome on the DOW.
Picked up a few stocks though for trade .
cynic
- 05 Nov 2015 16:24
- 18818 of 21973
been out since midday, but i note DOW must have hit 17,768 or thereabouts which was allegedly a good support .... has certainly bounced since
any reason for the sudden dump, or is iut just "silliness"? ....... haven't had a chance to check for myself
cynic
- 05 Nov 2015 16:32
- 18819 of 21973
.
cynic
- 05 Nov 2015 16:32
- 18820 of 21973
anyway, took my life in my hands and quickly jumped into long DOW at 17,804.4 which so far looks an ok move
HARRYCAT
- 06 Nov 2015 13:33
- 18821 of 21973
US jobless figure drops to 5%. Payrolls rise 271k.
US market now much more confident of a Dec interest rate rise.
cynic
- 06 Nov 2015 13:51
- 18822 of 21973
at which point DOW dumps .... all a bit silly given that december rate rise was already telegraphed
imo, it's pretty good news in that it shows that the us economy is strengthening, which is sorely needed ...... it also suits me that $ has strengthened considerably vs £
anyway, slightly late, but doubt if i'ld have had quick enough fingers anyway, have gone long DOW at 17,816.7
HARRYCAT
- 06 Nov 2015 14:03
- 18823 of 21973
Yes, but US exporters not so happy as $ strengthens.
cynic
- 06 Nov 2015 14:06
- 18824 of 21973
that as may be, but the economy is adding significant numbers of jobs, and companies don't do that for a laugh
also, the more in work, the more disposable income so the greater consumption
ahoj
- 06 Nov 2015 14:10
- 18825 of 21973
Can they buy other currencies?
Anyway, US consumption is increasing which improves sales inside US and import.
Earlier China reported care sale increase by over 11%, not bad!!! It is certainly a good sign, possible stabilization over there
HARRYCAT
- 06 Nov 2015 14:16
- 18826 of 21973
Agreed.........but anything (exported) or valued in $ becomes more expensive (commodities, minerals, services, products) so retail prices will therefore need to follow.
Just goes to show how one person's loss is another person's gain.
cynic
- 06 Nov 2015 14:19
- 18827 of 21973
back to front and don't fprget we're talking about usa ...... imported stuff is cheaper ..... ergo, retail no more expensive and margins quite possibly improve
============
out again for now at least .... had hoped for another 10 points or so, but it's gone a bit sticky
shall now await the opening reaction