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
- 21 Jan 2016 12:46
- 19749 of 21973
Very calm before the storm is it going to be more mayhem when the US opens ??
HARRYCAT
- 21 Jan 2016 12:51
- 19750 of 21973
ECB....no change to interest rates.
cynic
- 21 Jan 2016 13:45
- 19751 of 21973
why the big excitement across the markets?
surely super mario didn't say anything unexpected
==========
looks like DAX, DOW and FTSE are now close to important support (haha) resistance levels ..... keep watching
jimmy b
- 21 Jan 2016 14:09
- 19752 of 21973
Wild swings in the DOW before the open .
cynic
- 21 Jan 2016 14:11
- 19753 of 21973
so i see and indeed across the other markets too ..... a quick rush of blood to the head, and then a bit of reality or whatever
DOW is still up 26 (it was 110 and more only 10 minutes ago), but has been down 80 odd during the morning
choose your direction if you dare :-)
jimmy b
- 21 Jan 2016 14:33
- 19754 of 21973
Up !!
But have nimble fingers .
cynic
- 21 Jan 2016 14:40
- 19755 of 21973
just took a quick 60 points on DOW, but now watching to see if 15,850 can be breached, but it's certainly struggling at the moment
i'll go and grab myself a drink while i have no position running :-)
jimmy b
- 21 Jan 2016 14:44
- 19756 of 21973
I have had a couple of longs but it's silly up and down can't take the stress , if it could only be like last night 100 points in minutes .
dreamcatcher
- 21 Jan 2016 14:46
- 19757 of 21973
:-))
cynic
- 21 Jan 2016 14:47
- 19758 of 21973
glad i got in and out and in the right direction!
it's the direction that is so hard to gauge
jimmy b
- 21 Jan 2016 15:13
- 19759 of 21973
Here we go ,i'm not in though to erratic .
cynic
- 21 Jan 2016 15:40
- 19760 of 21973
all cat and mouse stuff .....
FTSE and DAX close to important resistances (were supposed to be supports), while DOW does not want to take the initiative and has stalled 3/5 times already today between 15,900 and 15,920
jimmy b
- 21 Jan 2016 15:45
- 19761 of 21973
You would have been happy to see 15850 breached a few minutes ago and now you want more :)
cynic
- 21 Jan 2016 16:09
- 19762 of 21973
except i didn't get back in :-)
but having breached that, 15,900 is next target followed by 15,970
cynic
- 21 Jan 2016 16:56
- 19763 of 21973
DOW
15,970 is now proving quite a stubborn hurdle, but so far this evening, DOW is certainly tending north ..... therefore guaranteed to get blown to pieces later on :-)
jimmy b
- 21 Jan 2016 16:56
- 19764 of 21973
15976 , Do we hear 16000 in the room .
jimmy b
- 21 Jan 2016 16:57
- 19765 of 21973
Yes i'm not sure that any rally won't be the same in reverse the next day .
cynic
- 21 Jan 2016 17:04
- 19766 of 21973
busted 15,970 and now +250 at 16,020
guess this level will have more substance if it can hold it until 18:00, though some decent support has also now built up (during the afternoon) at 15,920/15,940
jimmy b
- 21 Jan 2016 17:31
- 19767 of 21973
Keep an eye on oil ,both Brent and US up 130/40 points i believe any rally in oil will push up the FTSE/DOW ,it's not been relative until recently but there is a correlation of late.
Be nice to push through 16000 for a strong finish.
cynic
- 21 Jan 2016 20:26
- 19768 of 21973
i could easily have been very stupid this evening and broken the golden rule ..... in times of high volatility it is imperative to stay in front of the screen
it doesn't look that you'll see a finish above 16,000 but i have my suspicions that china will perform well o'night and with oil now very comfortably above $28.00, there should be a decent day in prospect