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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

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

cynic - 17 Nov 2015 19:37 - 18919 of 21973

it's starting to feel that the markets are running out of puff
am very inclined to go short but shall wait to see if DOW closes below 17500

cynic - 18 Nov 2015 15:20 - 18920 of 21973

the markets are curious today (again!) ......
DOW is attempting to stage quite a strong rally, though it could well be stalling at 17,600
however, none of the european markets seem inclined to follow suit
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