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
- 12 Jan 2016 14:17
- 19496 of 21973
meanwhile WTI (or WTL if you prefer) is up a paltry $0.60 at $32.75
cynic
- 12 Jan 2016 14:49
- 19497 of 21973
FTSE
its relative lack of life compared to Dow is very puzzling though perhaps related to crude scarcely moving north either
jimmy b
- 12 Jan 2016 15:25
- 19498 of 21973
Oil going down now . FTSE/DOW more likely a short .
I really can see oil going sub £30 .
cynic
- 12 Jan 2016 15:40
- 19499 of 21973
i'm certainly not happy to see DOW back below 16,500 and am considering banking the much smaller profit than i had earlier ..... have already done so with FTSE
cynic
- 12 Jan 2016 15:53
- 19500 of 21973
ducked out and with it went a large slab slab of my earlier running profit ...... bollocks
==============
so then
DOW
16,470 suddenly and somewhat unexpectedly reverts to being a resistance
jimmy b
- 12 Jan 2016 15:55
- 19501 of 21973
Better out than it turning in to a loss , these are hard markets to play ,including stocks which i normally jump in and out of .
cynic
- 12 Jan 2016 15:57
- 19502 of 21973
exactly so, but as always and with hindsight, got a bit too greedy ...... confess i thought 16,500 was going to hold ..... it did once, or perhaps twice, but then succumbed rather too easily
cynic
- 12 Jan 2016 16:14
- 19503 of 21973
blast!
got distracted chasing a client for money .... was close to shorting DOW at ~16,455 but missed the chance ...... never mind
jimmy b
- 12 Jan 2016 16:15
- 19504 of 21973
Went short DOW
jimmy b
- 12 Jan 2016 16:25
- 19505 of 21973
US Crude dropping so staying short DOW for now .
ahoj
- 12 Jan 2016 16:27
- 19506 of 21973
I think it will reverse after 4:30
jimmy b
- 12 Jan 2016 16:29
- 19507 of 21973
No i'm not ..Out 32 points .
jimmy b
- 12 Jan 2016 16:31
- 19508 of 21973
ahoj , i'm not sure which is why my bottle is not good for indices at the moment .
cynic
- 12 Jan 2016 16:52
- 19509 of 21973
DOW
going south, 16,250 is a potential target
however, as was seen in reverse this afternoon, supports/resistances have little value in the current climate, acting as little more than guidelines
cynic
- 12 Jan 2016 17:34
- 19510 of 21973
WTI now just below $31.00
jimmy b
- 12 Jan 2016 20:42
- 19511 of 21973
DOW now up 82 16482 ,sure is a roller coaster ride at the moment ..
cynic
- 13 Jan 2016 08:19
- 19512 of 21973
totally bewildering
it's not even as if crude is strong - WTI is $31.65 - and to be honest, i remain very gloomy for 2016 across the board
cynic
- 13 Jan 2016 11:53
- 19513 of 21973
both dow and ftse remain up, but it doesn't look very convincing
cynic
- 13 Jan 2016 14:32
- 19514 of 21973
DOW
the last two days have been very strange
apart from the daily quite wild gyrations, on both occasions, the index has finished strong but collapsed quite sharply in the hour after
clearly nervousness of holding stocks etc o'night, but a caveat for index traders too
jimmy b
- 13 Jan 2016 15:31
- 19515 of 21973
DOW's gone and spoiled it .