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
skinny
- 26 Oct 2009 17:24
- 4510 of 21973
Apparently its the first album by the Polish death metal band -
Dies Irae :-)
KEAYDIAN
- 26 Oct 2009 17:25
- 4511 of 21973
:O)
cynic
- 26 Oct 2009 17:27
- 4512 of 21973
DD - are you sure you don't mean molested?
dealerdear
- 26 Oct 2009 17:35
- 4513 of 21973
yes please ...
;-)
HARRYCAT
- 26 Oct 2009 17:35
- 4514 of 21973
My tuppence worth: Surely it's much easier to understand how & why an individual share is performing rather than trying to understand the complex issues of why a whole index is moving, particularly the FTSE100 which is heavily weighted with foreign companies?
cynic
- 26 Oct 2009 17:49
- 4515 of 21973
indices are often more to do with momentum and chart patterns ...... i play with FTSE and Dow in a very modest way, but use the info i am given as a guide to what i may do in the wider market
HARRYCAT
- 28 Oct 2009 16:08
- 4516 of 21973
A fairly substantial correction over the last two days, particularly on the FTSE250.
Just going to have to sit & brave it out, imo, with an eye to picking up some stocks at lower prices. Many seem top have dropped below their 25DMA with hopeful support at the 200DMA.
cynic
- 28 Oct 2009 18:43
- 4517 of 21973
Dow now -91, so unless a late recovery, things looking very gruesome for tomorrow ahead of US GDP numbers
cynic
- 28 Oct 2009 20:36
- 4518 of 21973
i am advised that if FTSE falls through 4950 and/or Dow through 9650, then watch out.
conversely, i guess one could argue that either/both indices should bounce from those levels too, or from a bit above them
jimmy b
- 28 Oct 2009 22:53
- 4519 of 21973
Is this going to be like March ? ,i'll be surprised if it is ,,is this just a pullback ? Only holding 2 stocks myself....
KEAYDIAN
- 29 Oct 2009 08:36
- 4520 of 21973
What happened in March?
skinny
- 29 Oct 2009 08:40
- 4521 of 21973
required field
- 29 Oct 2009 08:44
- 4522 of 21973
Market's turning...I will breathe a sigh of relief if this continues....
cynic
- 29 Oct 2009 08:48
- 4523 of 21973
market is surprisingly strong, at least for the moment, but it's very likely to stay very skittish ahead of these US GDP numbers due today - not sure if those come out before market opens or half way trhough day
skinny
- 29 Oct 2009 08:52
- 4524 of 21973
Cynic - GDP figures @12:30
jimmy b
- 29 Oct 2009 12:10
- 4525 of 21973
Watching cnbc here and the GDP figures are looking good . Hopefully help the general market ,stop this rot.
required field
- 29 Oct 2009 12:26
- 4526 of 21973
Natural gas has shot up 16.5% to $5....in my book that's a very sharp increase.
HARRYCAT
- 29 Oct 2009 12:31
- 4527 of 21973
The latest from Albert 'The Bear' Edwards (FT today):
"On my return after two weeks marketing I am left pondering whether the recent equity market retreat is any different from the pullbacks experienced at end of last month and indeed in June and July. Is this another pause that refreshes or the start of a rout?
One of the key conclusions from our late-1996 Ice Age thesis was that once the bubble burst, the close 35-year positive correlation between equity and bond yields would break down. This relationship had persisted for so long that it had become ingrained in investor psychology.
We knew though from Japan that in a post-bubble world, once bonds and equities had decoupled, that the equity market would mirror the economic and profits cycle. And so, despite Japan's structural equity bear market, one could enjoy numerous 50%+ rallies if one invested as the cyclical lead indicators bottomed out. Conversely one should have ALWAYS sold when these same lead indicators peaked out. After recent massive cyclical gains in equities, that extremely dangerous topping out phase looks as if it has begun."
skinny
- 29 Oct 2009 12:33
- 4528 of 21973
So America out of recession!
jimmy b
- 29 Oct 2009 12:46
- 4529 of 21973
Unemployment figures good as well ..