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
ahoj
- 16 Jul 2008 16:20
- 2223 of 21973
oil companies are gaining the most. 2600 bopd adds 100,000 a day to DGO profit.
cynic
- 16 Jul 2008 16:23
- 2224 of 21973
that's a drop in a bucket ...... to make a decent impact even on a minnow, it needs another digit
ahoj
- 16 Jul 2008 16:27
- 2225 of 21973
for you, maybe. but another 100k a day is not bad.
cynic
- 16 Jul 2008 16:33
- 2226 of 21973
if you say so, and though DGO may well have a good future, 2600 bopd is not going to make a lot of difference.
meanwhile
Dow really struggling to break up through 11100, so i hope we don't see a big sell-off later on
robertalexander
- 16 Jul 2008 16:52
- 2227 of 21973
still long on HSBC[in 721] still long on RBS [in 165] and ITV[in 40.9] [my sensible plays]
my running diary is not intended as a bragging sheet more a means of letting more experienced players see what I am 'trading' and possibly passing constructive criticism to help me should I decide to try it for real. As the risks of losing real money are great I feel it is a wise move to play with pretend money first.
Alex
hightech
- 16 Jul 2008 16:54
- 2228 of 21973
Some of the stocks had to go down. Index is meaningless.
cynic
- 16 Jul 2008 17:03
- 2229 of 21973
???????? ..... sorry, but fail to understand the point you are trying to make
cynic
- 16 Jul 2008 20:44
- 2230 of 21973
at long last ..... a decent evening on Wall Street .... currently +250 at 11210
HARRYCAT
- 16 Jul 2008 21:12
- 2231 of 21973
I agree. A brief respite. Currently at 11222.
Sorry to be pessimistic, but more downside to come, imo.
dealerdear
- 16 Jul 2008 21:23
- 2232 of 21973
A rally at last!
Dow finished at highest levels for the day which is a sign of further upside. Is this really the long overdue rally (even if only a bear one) we are waiting for?
required field
- 16 Jul 2008 21:36
- 2233 of 21973
The basic problem is that modern societies are too dependant on oil as a means of power and the world needs to change this....oil will always have its use but the human race must hurry up the alternatives....and governments must encourage this with tax breaks for solar, hydrogen, wind, etc.....what does this government offer in incentives.....precious little.....usual muck ups (sorry about the political bit) but they really have not got a clue as how to run this country !, and you have to ask will the next lot be any better ?.
HARRYCAT
- 16 Jul 2008 22:22
- 2234 of 21973
So what's the answer if you have no faith in the political system? Revolution? Then what?
Maybe best to stick to democracy & roll with the punches???
cynic
- 17 Jul 2008 08:16
- 2235 of 21973
one swallow does not a summer make, but a warm and sunny day in early april is nevertheless more than welcome
HARRYCAT
- 17 Jul 2008 08:30
- 2236 of 21973
A bit early in the day to take notice of DOW futures, but currently +2, so pretty flat.
In addition 12:30 PM US Housing Starts, 12:30 PM US Building Permits, 12:30 PM US Initial Jobless Claims (JUL 12) to come today, which may put a stop to all that blue!
dealerdear
- 17 Jul 2008 08:34
- 2237 of 21973
you pessimist!
HARRYCAT
- 17 Jul 2008 08:39
- 2238 of 21973
Realist! Better to know what's coming than pretend it's all sunshine & champagne!
spitfire43
- 17 Jul 2008 08:40
- 2239 of 21973
Cynic, are you Eric Cantona........
Strawbs
- 17 Jul 2008 08:43
- 2240 of 21973
Amazing what you can do if you stop people shorting financials.
The new unburstable bubble.... :-)
Suspect it won't last though. I'd be surprised if the FTSE makes it through 5500, and I'd be surprised if some other wheel doesn't fall off the global economy before too long.
In my opinion....
Strawbs.
dealerdear
- 17 Jul 2008 08:48
- 2241 of 21973
agreed but at least it makes it a tradable market + as sp rises you can get some money back on loss making stocks.
Seem to have a lot of them! lol
Strawbs
- 17 Jul 2008 08:57
- 2242 of 21973
Fortunately I don't hold anything at the moment.
My brief "toe dipping" exercise in the market didn't last long..... :-)
Strawbs.