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
Chris Carson
- 11 Feb 2016 08:53
- 20074 of 21973
Tempting to jump on the gold band wagon, bet your life as soon as i go long gold Indices will jump, murphys law. I have't got a clue but if past performance is anything to go by in bear markets there will be a bounce at some point which lulls you into a false sense of security before tanking again. Trend is your friend till it isn't.
cynic
- 11 Feb 2016 08:57
- 20075 of 21973
your "mate" sticky says he has made a good fist of trading gold in the last couple of days, and certainly if he did indeed call it right, he will have done
however, i would agree that today's armageddon is almost certainly overdone, and thus i'ld guess the immediate run for gold may also run its course
that said, i have never traded physical gold - sticky rates CEY as a gold stock though i don't care for it - nor forex
Chris Carson
- 11 Feb 2016 09:08
- 20076 of 21973
cynic - His credibility is legendary LOL!!!
HARRYCAT
- 11 Feb 2016 09:14
- 20077 of 21973
CEY, FRES & RRS have all done very well over the last two weeks.
cynic
- 11 Feb 2016 09:15
- 20078 of 21973
yes, he does like to call that he never makes a cock-up ..... rather like MRSI (mentor)!
that said, he does come up with some interesting stuff
jimmy b
- 11 Feb 2016 09:29
- 20079 of 21973
mentor has not been seen since he called everyone an idiot for doubting his penny stock picks that fell by 50% .
KEAYDIAN
- 11 Feb 2016 09:34
- 20080 of 21973
I read somewhere last week that we could possibly go down to 5400.
cynic
- 11 Feb 2016 09:53
- 20081 of 21973
indeed - sticky for all his manyfold faults, is not abusive of others when they disagree with his suggestions or analysis - very much unlike mentor!
cynic
- 11 Feb 2016 10:55
- 20082 of 21973
the markets, having been totally shell-shocked at the open, are now making a shaky attempt at recovery ..... let's hope that further severe relapse is not on the cards
jimmy b
- 11 Feb 2016 11:07
- 20083 of 21973
I'm still wanting to go long for the bounce at some point but when ?
i nearly left a buy order to get filled in the night at a cheeky 5550 ,however that wouldn't have looked so clever or cheeky this morning would it .
Claret Dragon
- 11 Feb 2016 11:21
- 20084 of 21973
A sorry mess.
HARRYCAT
- 11 Feb 2016 11:26
- 20085 of 21973
5400 not such a dumb idea keaydian.
Take your pick........anywhere from here down to 5000!
cynic
- 11 Feb 2016 11:30
- 20086 of 21973
5550 would just be in the money as i write
across the pond, 15,600 is holding but bouncing no higher than about 15,660 before falling back again
cynic
- 11 Feb 2016 11:55
- 20087 of 21973
this'll be great for nerves in US as well ......
Twitter share price nosedives on news it is losing users
Price of stock falls 13% in after-hours trading after hitting an all-time low earlier this week on news its number of monthly users has stopped growing entirely
cynic
- 11 Feb 2016 12:18
- 20088 of 21973
all markets looking weak once more
cynic
- 11 Feb 2016 12:41
- 20089 of 21973
violent volatility of the markets self-apparent
DOW spiked down to 15,560 (glad i missed that!) but is now back to 15,640 and FTSE is back over 5,550
jimmy b
- 11 Feb 2016 13:31
- 20090 of 21973
Well are you feeling brave cynic ?
cynic
- 11 Feb 2016 14:01
- 20091 of 21973
not for now ...... DOW continues to get dizzy at ~15,560 but looking slightly firmer for choice ...... fluked a small 35 point profit earlier
interesting to see quite how badly DOW opens - ie after 10 minutes, will it be higher or lower than say 15,650?
cynic
- 11 Feb 2016 15:43
- 20092 of 21973
DOW sadly, looking very much like yesterday ....... a respectable early recovery, only to fall away once more
however, good to see FTSE still holding quite well above 5,500 though above 5,600 would give greater comfort
jimmy b
- 11 Feb 2016 15:50
- 20093 of 21973
Iv'e been in and out of FTSE grabbing a few points here and there ,playing for bigger stakes and fewer points.
It's terrible this fall for stocks .