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FTSE + FTSE 250 - consider trading (FTSE)     

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

HARRYCAT - 05 Feb 2018 21:43 - 21616 of 21973

CC, most of the Asian market futures are in the red.

CC - 05 Feb 2018 22:05 - 21617 of 21973

Well going to call it a night. No point in watching it.

Regrettably long term I'm 100% invested although about 8% of it is on ALD which is subject to takeover so I could sell that as it will open tomorrow at the same price as today.

I'm not sure how Brexit is going to go this week. Can't see leaving the customs union being good for stocks but I assume that is in the price now.

Claret Dragon - 06 Feb 2018 05:42 - 21618 of 21973

Turnaround Tuesday!!!!

2517GEORGE - 06 Feb 2018 08:36 - 21619 of 21973

Main thing is not to panic, a good many of us have seen large sell offs in past years, and at much lower levels than these, so markets will bottom somewhere, and buyers will come back.

There is still much to be concerned about of course, Brexit, Italy, Interest rates and inflation but there was much to worry about in the past yet stock markets around the world have recently been hitting all time highs.

jimmy b - 06 Feb 2018 10:56 - 21620 of 21973

Thankfully i'm out sold my last stock TLW a few weeks ago ,for once i'm not left holding the baby. See where this settles won't jump back in too soon.

Claret Dragon - 06 Feb 2018 13:10 - 21621 of 21973

Just a thought. Has Crypto carnage spilled over to Stock market to cover losses?

HARRYCAT - 06 Feb 2018 13:15 - 21622 of 21973

I think we are currently blaming Credit Suisse. Something to do with VelocityShares Daily Inverse VIX Short-Term ETN. Fully hedged, apparently, but they would say that! ;o)

CC - 06 Feb 2018 13:37 - 21623 of 21973

Dow looking very low to me at 23675. It will be interesting to see what they do with it in the first hour.

Claret Dragon - 06 Feb 2018 14:17 - 21624 of 21973

Bicycle clips may be required if your brave enough today :)

jimmy b - 06 Feb 2018 14:41 - 21625 of 21973

Strange bounce in the DOW

CC - 06 Feb 2018 14:46 - 21626 of 21973

more strange is FTSE and DAX not really going with it.

Closed half my FTSE long as I had alot. Happy to run the rest or reload if it goes back down.

Edit: And that's the rest gone at 7241. Not sure I understand strength of rally. Concerned it's being used so they can sell off rest of day.

GLS

jimmy b - 06 Feb 2018 14:49 - 21627 of 21973

Yes i noticed that , is odd.

cynic - 06 Feb 2018 14:51 - 21628 of 21973

wasn't brave enough to go long anything, though of course would have made a quick bundle - eg on DOW 6/800 points

jimmy b - 06 Feb 2018 14:53 - 21629 of 21973

Beware of the bounce

cynic - 06 Feb 2018 15:10 - 21630 of 21973

quite, though the markets have of course tumbled hugely

CC - 06 Feb 2018 15:52 - 21631 of 21973

For what's it's worth and bearing in mind you should trade what you see not what you think is going to happen...

I think although Dow has fallen many points in just a few sessions, I think the rise to 26,500 was so fast it may not bounce. I think we're around the end of December price now so it could fall another 10% yet.

FTSE &DAX look different to me. FTSE is down 600pts on December high and based on my CMC overnight feed went below 7000 overnight so all the stops will have been taken out there.

It would be my view that "they" will want to keep FTSE down here for a couple of weeks, push it even lower if they can. The upgrades will then start to follow in due course. I don't think there's any risk of meltdown as FTSE is mostly underpinned by dividend yield in a much stronger way than it was 2 years ago

Claret Dragon - 06 Feb 2018 16:17 - 21632 of 21973

100 point swings in minutes. No idea where its going.

HARRYCAT - 06 Feb 2018 17:37 - 21633 of 21973

.

cynic - 07 Feb 2018 15:08 - 21634 of 21973

the brave, lucky, clever and nimble could again have made a bundle today on the indices - of which i am not one

at 07:00 this morning cash DOW was -250
currently +200

CC - 07 Feb 2018 16:42 - 21635 of 21973

I made 50 off FTSE today. But, the more I look at it the more the Dow is where I should be trading
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