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
- 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?
Claret Dragon
- 17 Nov 2015 09:27
- 18912 of 21973
Cut all my positions last Friday before the terrible events.
Not holding any positions currently.
Now in the "Don't know which way to trade camp"
Stan
- 17 Nov 2015 09:33
- 18913 of 21973
I suspect that camp is getting a bit crowded CD.
jimmy b
- 17 Nov 2015 09:36
- 18914 of 21973
jimmy b
- 17 Nov 2015 09:38
- 18915 of 21973
I'm long DOW and if the FTSE takes a step back i shall go long there as well ,i missed getting in overnight .
cynic
- 17 Nov 2015 13:49
- 18916 of 21973
another rock n roll day
now challenging a DOW resistance at 17,550
next one is for FTSE must be 6,300 or thereabouts provided it holds above 6,250
jimmy b
- 17 Nov 2015 15:10
- 18917 of 21973
Funny day took a few points on DOW long , shorted FTSE but jumped ship just above evens , i think i best leave alone today .
cynic
- 17 Nov 2015 15:38
- 18918 of 21973
good job you got out of FTSE short!
your DOW long would or should still be looking good, though it has certainly hopped about a bit in this first hour of trading - currently +60 at 17,535