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
- 13 Jun 2016 16:44
- 20751 of 21973
DAX
booked another decent dinner with today's banked profit :-)
DOW
short position left running
===========================
since the above - and yes it happens that i did book my DAX profit too early - i note in particular that FTSE (post close) has crashed down through 6,050 support
cynic
- 14 Jun 2016 14:14
- 20752 of 21973
US retail sales stronger than expected in May
+0.5% vs expected +0.3% and +1.3% prior
but no effect cash DOW
wait for opening bell
cynic
- 14 Jun 2016 14:42
- 20753 of 21973
have banked profit on 50% DOW short
still running shorts (also) in FTSE, DAX and GKP
cynic
- 14 Jun 2016 15:51
- 20754 of 21973
watch out chaps ......
DOW
just broken south of key 17,660 mark
if that remains the case through to the close, then tin hats or more
cynic
- 14 Jun 2016 15:59
- 20755 of 21973
to plagiarise a very old tv lager advert ..... follow the bear :-))
cynic
- 14 Jun 2016 20:27
- 20756 of 21973
banked profits on both FTSE and DAX positions, and leaving DOW to run at least for now
that index is at a very critical point and may even close that later on
bears look that they may be taking a breather
cynic
- 15 Jun 2016 10:19
- 20757 of 21973
while you guys have been asleep at the wheel .......
i sold the last of my DOW short at a very small loss this morning and have been long DAX - and very profitably even if i say so myself
have now sold 50% of that, but it is no time to get greedy, so not sure for how much longer to hold balance
having burst north through one resistance at ~9635, the next is said to be at ~9750, but not sure that i'll hang on that long
Claret Dragon
- 16 Jun 2016 05:22
- 20758 of 21973
Late sell off agaın ın US.
cynic
- 16 Jun 2016 08:34
- 20759 of 21973
i was playing golf yesterday ..... any particular reason for yesterday's late sell-off?
am currently neutral on indices
HARRYCAT
- 16 Jun 2016 09:09
- 20760 of 21973
Take your pick.....could be China, Japan, Russia, or the US to blame, but this seems to be the most likely culprit:
"Stocks slumped with oil and industrial metals after central bank meetings in the U.S. and Japan spurred concern the global economy is losing momentum. The yen soared after the Bank of Japan refrained from easing monetary policy, rallying with gold and sovereign bonds."
Though I think Janet Yellen statement also contributed!
cynic
- 16 Jun 2016 15:23
- 20761 of 21973
have made a bit today by shorting DAX and DOW, but am now out, or at least for the time being
levels on both the above, and also FTSE have either bounced off critical levels or are close to them
hard south is still the likely call going forward, but we all know how horribly wrong these racing certainties can prove
Chris Carson
- 16 Jun 2016 20:23
- 20762 of 21973
HARRYCAT
- 20 Jun 2016 07:56
- 20763 of 21973
Approx 2% jump in the FTSE expected due to increased 'IN' optimism.
cynic
- 20 Jun 2016 08:22
- 20764 of 21973
20761- as i said
cynic
- 20 Jun 2016 15:29
- 20765 of 21973
i feel that everything is too far and too fast and that certainly before thursday, there'll be some consolidation or whatever ..... but very difficult to judge and probably far too dangerous to risk cash :-)
Claret Dragon
- 20 Jun 2016 15:48
- 20766 of 21973
One poll over the weekend and its a done deal!!!!!!!!!!!
cynic
- 21 Jun 2016 16:20
- 20767 of 21973
FTSE
just crept through serious barrier of 6235
jimmy b
- 21 Jun 2016 17:27
- 20768 of 21973
This is all about the referendum now .
cynic
- 21 Jun 2016 17:43
- 20769 of 21973
so expecting "remain" to carry the day, i have bought a few LLOY
cynic
- 22 Jun 2016 10:18
- 20770 of 21973
but have chickened out this morning for a very small profit