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
- 03 May 2016 16:04
- 20631 of 21973
lovely stuff :-)
one of these days FTSE will suddenly realise that it should be nearer to tracking DOW, at which point, hang on to your hat
sorry if you're long
cynic
- 03 May 2016 16:16
- 20632 of 21973
DOW
currently teasing below 17,700
not sure where the next stop south might be ....... 17,500?
Stan
- 03 May 2016 16:17
- 20633 of 21973
At the moment.. if in doubt do nothing.
jimmy b
- 04 May 2016 09:15
- 20634 of 21973
Miners and oil getting hammered for the second day in a row.
HARRYCAT
- 04 May 2016 09:17
- 20635 of 21973
Maybe the start of the summer downturn? Or maybe investors just taking profit on a sector which has done very well recently?
Chris Carson
- 04 May 2016 09:17
- 20636 of 21973
Keep an eye on Dollar Index.
jimmy b
- 04 May 2016 09:19
- 20637 of 21973
Bit of both i think HARRY plus the EU ref looming won't help.
cynic
- 04 May 2016 09:35
- 20638 of 21973
so you don't think there's also some realisation that all world economies are in trouble - ok china is growing at perhaps 4/5% thanks to continued dumping?
jimmy b
- 04 May 2016 09:44
- 20639 of 21973
Miners and oil has a bearing on what your saying cynic.
cynic
- 04 May 2016 10:16
- 20640 of 21973
don't care as long as both dow and ftse continue south
looks that some serious supports may get broken today, and if so, hang on to your hat
Stan
- 04 May 2016 10:44
- 20641 of 21973
Nice to get a clear direction two days running, but for how long.
cynic
- 04 May 2016 10:49
- 20642 of 21973
cash DOW already below yesterday's low of 17,666 (sign of lucifer?) and if it stays that way, then 17,500 def on the cards
FTSE is also now well below yesterday's low of 6,158
if 6,100 fails then hang on, and even more so if 6,060 also collapses
jimmy b
- 04 May 2016 10:52
- 20643 of 21973
Mayhem alert !
cynic
- 04 May 2016 12:02
- 20644 of 21973
DOW
banked half for a very nice profit at 17,654
golfing this afternoon so wouldn't be able to monitor
Stan
- 04 May 2016 12:58
- 20645 of 21973
Golf, what do you mean Golf?.. there's work to do you know.
Chris Carson
- 04 May 2016 13:42
- 20646 of 21973
Battle Royale going on between Gold and Dollar Index, if gold can stay above 1287,,,1300 next target support 1280,1273,1271.
Stan
- 05 May 2016 08:04
- 20647 of 21973
Back to an early up day for now.
Claret Dragon
- 06 May 2016 05:54
- 20648 of 21973
Down week thus far.
cynic
- 06 May 2016 10:51
- 20649 of 21973
INDICES + NFP
NFP - i'm not sure what would technically be good or bad numbers as far as the market is concerned
almost regardless, i'm inclined to think there'll be an end week or relief rally so i shall top slice my shorts
cynic
- 06 May 2016 12:46
- 20650 of 21973
S+P 500 (cash)
i see that has just teased south of a supposed important support of 2045
in an hour or so the direction will be more apparent