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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

Sequestor - 13 Oct 2016 07:25 - 21021 of 21973

FTSE seen lower after Wall St, Asia falls
London equities are seen opening cautiously lower, following on from lower overnight sessions in Asia and on Wall St.
-----------------

Best long it then.

marketwizard123 - 14 Oct 2016 10:09 - 21022 of 21973

Has been pretty good fun shorting the ftse100 from highs the last few days, nice profits :) http://goo.gl/1LQF4T

cynic - 14 Oct 2016 10:30 - 21023 of 21973

confess i'm having much difficulty in reading the direction of the markets at the moment

Fred1new - 14 Oct 2016 19:20 - 21024 of 21973

You have the qualifications to join your chosen party's cabinet!

8-)

Claret Dragon - 14 Oct 2016 20:22 - 21025 of 21973

Range trading for a few days.

cynic - 15 Oct 2016 09:14 - 21026 of 21973

monday could be a bit jittery as DOW closed below an important resistance/support of 18,150

more generally

it has been suggested that it's far from impossible that we'll see a collapse in the markets before too long

there are a number of things that could precipitate this - eg continuing weakness of the chinese economy, us presidential elections, brexit uncertainty, £ collapse that will not only affect uk imports but also holidays abroad with knock-on effects in european countries that rely heavily on the tourist trade

on the other hand, trump looks increasingly unlikely to become president (so we get the least worst instead!) which will please the us markets, crude continues to tick upwards and both brexit uncertainty and £ will inevitably calm down

so where does one put one's money?
to my mind, in stocks that have high overseas earnings such as tobacco stocks, us quality such as AMZN, quality indian trust funds (that domestic economy is thriving), and some judicious oilies

to avoid must surely be airlines and travel-related stocks, uk hotel groups being the honourable exception (WTB and perhaps IHG)

jimmy b - 15 Oct 2016 11:41 - 21027 of 21973

Good analysis cynic

cynic - 15 Oct 2016 12:54 - 21028 of 21973

thanks jimmy ... have also corrected a schoolboy grammatical howler which was inexcusable - affect NOT effect

Claret Dragon - 15 Oct 2016 13:08 - 21029 of 21973

Bull Market intact in US. The new unknown is Putins rhetoric. I would like to get involved in Amazon but at over $800 a share it makes it a bit difficult unless using Margin account.

cynic - 15 Oct 2016 13:17 - 21030 of 21973

just buy a few :-)
i bought 15 and ditto GOOG for my sipp
% is %

Chris Carson - 16 Oct 2016 21:03 - 21031 of 21973

Chart.aspx?Provider=EODIntra&Code=UKX&Size=520&Skin=BlackBlue&Type=3&Scale=0&Span=MONTH3&MA=25;50;200;&EMA=&OVER=SAR;AreaBB;&IND=VOLMA;MACD;SlowSTO;AreaRSI;&X=494&Y=45&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0

Claret Dragon - 19 Oct 2016 07:24 - 21032 of 21973

US 30 not doing much either way.

cynic - 01 Nov 2016 17:00 - 21033 of 21973

the bubble has finally burst, at least for now :-))

Dax now 10,550 and falling
perhaps a little early to call this is a significant break south, but if it proves to be so, then next significant support may as low as 10,250

HARRYCAT - 01 Nov 2016 17:46 - 21034 of 21973

Are we expecting FTSE to do the same?

cynic - 01 Nov 2016 19:45 - 21035 of 21973

quite possibly .... watch to see how S&P and Dow close tonight

================

S&P struggled back above the important 2108 level before the close .... not yet all doom and gloom

Claret Dragon - 02 Nov 2016 06:23 - 21036 of 21973

Donald Dump.

Election looks like its having an effect now IMHO.

cynic - 02 Nov 2016 08:07 - 21037 of 21973

very happy to be short Dax

Claret Dragon - 03 Nov 2016 07:34 - 21038 of 21973

A few more points taken away yesterday.

Sequestor - 03 Nov 2016 08:16 - 21039 of 21973

FTSE to fall as US holds rates, Brexit case looms
--------------

FTSE100--- 6851--UP 10 points

Best to go back to `no comment` lads

cynic - 03 Nov 2016 08:33 - 21040 of 21973

banked an excellent profit on my last short Dax position last evening
being very greedy, have opened a very small long Dax on basis that at least a DCB is probably due
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