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
Falcothou
- 02 Apr 2009 14:48
- 4189 of 21973
I think the G20 statement comes out at 1500 hours could be very volatile possibility of buy rumour sell news,got well and truly trounced overnight, very silly!
cynic
- 02 Apr 2009 15:45
- 4190 of 21973
almost guaranteed to be the usual load of pre-written hot air ....... you need to revisit the relevant episode of "Yes Prime Minister"!
cynic
- 02 Apr 2009 16:23
- 4191 of 21973
crazy times ..... not a day to be away from the screen playing golf, even if it is warm and sunny!
now gone long Dow and bought back into WOS ...... more than happy to have missed greater profits, but made enough
cynic
- 02 Apr 2009 18:11
- 4192 of 21973
shall watch with a view to shorting Dow and/or FTSE o'night as surely a rise of the current magnitude cannot be sustained much longer without a correction ..... shall be off screen for a while, so closed out profit on both Dow and FTSE
KEAYDIAN
- 02 Apr 2009 21:01
- 4193 of 21973
Getting it all wrong again.
Buy it drops. Sell it rises :O(
amardev
- 02 Apr 2009 21:53
- 4194 of 21973
Keaydian ................
We all have a day like that sometimes ..........
Cheer up ............. move on ............. you will come up trumps .........
Regards
Amar
KEAYDIAN
- 03 Apr 2009 09:01
- 4195 of 21973
Thanks Amar.
HARRYCAT
- 03 Apr 2009 09:10
- 4196 of 21973
Can't make up my mind as to the likelihood of a friday afternoon selloff, or not. DOW futures currently -48 & some UK stocks getting trimmed back this morning. Have sold quite a few profitable stocks over the last day & now looking to get back in after a lurch down, which doesn't seem to be happening yet!
Are you short DOW yet Cynic, or anyone, or too risky?
Stan
- 03 Apr 2009 09:47
- 4197 of 21973
H, don't forget it's Non-Farm Payroll numbers day in the US today, usually has an affect... but please don't ask me which way -):
cynic
- 03 Apr 2009 09:51
- 4198 of 21973
good morning Harry ...... i opened a Dow short very late yesterday evening; contemplated holding it o'night but took the prudent course and modest profit 20 minutes later.
my gut feeling is that the markets will be down tonight as the heady rises and poilticos hot air are all digested
Falcothou
- 03 Apr 2009 12:20
- 4199 of 21973
Nikkei and HK were ones to short last night, did the former in a small way with a limit which went well unlike the night before when it proved highly destructive! Everything looking bullish so far today with dollar weakening,oil rising.Sure this is a temporary rally rather than the real thing and they have a habit of going well beyond all expectations .Quite a bit of resistance at 8250 on Dow from chart if it gets that far or 860 s@p. Shall put sell orders in there
HARRYCAT
- 03 Apr 2009 12:40
- 4200 of 21973
Thanks all. Having got back from walking the dog, DOW futures are now showing -4 points, so as I have said before, looking at futures figures too early isn't always much of a guide.
Maybe it will be the non-farm payroll & the jobless figures which will turn the market. Failing that, Bernanke is addressing the nation later in the day! Lets hope the feelgood factor persists.
Falcothou
- 03 Apr 2009 13:34
- 4201 of 21973
663k 3 less than expected,what now?
cynic
- 03 Apr 2009 13:38
- 4202 of 21973
think they were actually much as expected, and certainly Dow is now indicating +81 ...... i'm off to my excellent fishmonger and shall consider further on my return ..... common sense prob says do nowt, and my gut feel is still that NY (and maybe London) will finish red
Falcothou
- 03 Apr 2009 13:45
- 4203 of 21973
Talking of fish I gather that part of the reason that there are so many Somali pirates is that illegal foreign fishing companies harvest heir crop in their waters whilst other unscrupulous ships dump poisonous cargoes into the sea there, hope your monger sources locally!
cynic
- 03 Apr 2009 14:28
- 4204 of 21973
not sure when there would ever have been an abundance of fish in Persian (sic!) Gulf that would have fed the current much-enlarged population ...... in any case, the Somali coast has been the happy hunting ground for pirates for several centuries, as a single boat = a multitude of netsful of fish!
anyway, hake from Cornwall I believe, oysters from Mersea and decent unsoaked scallops from somewhere off UK
HARRYCAT
- 03 Apr 2009 14:38
- 4205 of 21973
I see the recession has passed you by, Cynic!!! ;o)
What's the matter with cod & chips with mushy peas?
cynic
- 03 Apr 2009 14:40
- 4206 of 21973
too damn expensive!
HARRYCAT
- 03 Apr 2009 19:52
- 4207 of 21973
"Federal Reserve Chairman Ben S. Bernanke said programs to unfreeze credit markets are working."
Sentiment certainly seems to be changing for the better. Hopefully time to start looking for growth/early cyclical stocks ready for the good times.
Falcothou
- 06 Apr 2009 14:50
- 4208 of 21973
Dax short from this morning(seemed the most over valued) doing ok, would like to try holding it for dow 5600 but that would require far too much discipline!