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FTSE + FTSE 250 - consider trading (FTSE)     

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 - 14 Nov 2015 10:21 - 18892 of 21973

Interesting FTSE / DOW Monday .

cynic - 14 Nov 2015 11:44 - 18893 of 21973

when dow closed, markets took up defensive positions so
cash DOW currently showing 17,195
cash FTSE currently showing 6,080

as far as i can tell,
cash DAX is currently 10,650

IG run a sunday book though not for DAX
it seems little used, but it'll be interesting to see if that indicates any further (significant) move in either direction

===============

as no money involved, other than through any position you may running, how would you call monday from the above levels?

gut instinct is that there'll be at least an initial crash, but that could be short lived as i don't think the paris outrage has any real significance to world trade and economics


patshere - 14 Nov 2015 13:08 - 18894 of 21973

ftse down 4.2% this week, and with no major financial affecting news!!

cynic - 14 Nov 2015 13:36 - 18895 of 21973

pat - the markets were happy to be unnerved by the continuing gloom from china and some pretty soggy figures re oil and retail from usa

jimmy b - 14 Nov 2015 14:50 - 18896 of 21973

cynic we surely will have a large bounce at some point ,i'm going to go long and hold my nerve . Got stopped out on Friday .

cynic - 15 Nov 2015 09:10 - 18897 of 21973

good job you were
Sunday IG showing FTSE down a further 70, DOW 85 and DAX 135

Monday may be double that

patshere - 15 Nov 2015 10:54 - 18898 of 21973

IG Sunday ftse down 50-60 pts @10.40

cynic - 15 Nov 2015 14:54 - 18899 of 21973

amended as of now, and seems to have stabilised at the following levels
Sunday IG showing FTSE down a further 60, DOW 115 and DAX 150

Claret Dragon - 15 Nov 2015 18:21 - 18900 of 21973

CAC40 probably get the worst fall

cynic - 15 Nov 2015 19:04 - 18901 of 21973

now 65,125,175 respectively

however, as jimmy said yesterday (i think), the fall will be overdone and a sizeable bounce - perhaps short-lived - will occur
timing will be everything, as always

jimmy b - 15 Nov 2015 22:19 - 18902 of 21973

Yes cynic but now looking at the scale of what happened in France and the fact that they are bombing the crap out of Syria i think i'll hold fire for now .
I have been long CAC and did ok ,glad i'm not holding that one over the weekend .

cynic - 16 Nov 2015 07:34 - 18903 of 21973

early indications are that markets are opening much better than feared yesterday

patshere - 16 Nov 2015 07:45 - 18904 of 21973

CAC might be closed today. French president declares 3 days of national mourning.

jimmy b - 16 Nov 2015 08:00 - 18905 of 21973

Good point pat .

cynic - 16 Nov 2015 08:08 - 18906 of 21973

17,230 and 6,090 are the important resistance/support levels

both were wiped out late friday and on the sunday indicators, but both dow and ftse are now challenging these northwards ..... but it's very early still

jimmy b - 16 Nov 2015 08:18 - 18907 of 21973

Well the CAC is open as usual and it's not mayhem but i'll sit tight for the moment .

jimmy b - 16 Nov 2015 08:43 - 18908 of 21973

Surprising markets this morning ..

cynic - 16 Nov 2015 09:14 - 18909 of 21973

as so often markets do nothing like what is expected of them :-)

jimmy b - 16 Nov 2015 09:17 - 18910 of 21973

Yes up and down this morning ,i think i'll pass for now .

cynic - 16 Nov 2015 18:29 - 18911 of 21973

massive about-turn with DOW now +150 at 17,385
if this level holds through the close - or at least above 17,300 - then it's tempting to think that there could be a further surge north

qui sait?
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