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
cynic
- 15 Oct 2015 16:48
- 18701 of 21973
markets are all a bit strange
they're flopping about a bit, albeit with quite a wide spread across the day(s)
nevertheless, i note that DOW is currently reluctant to keep its nose above 17,000
for all that, i am not sufficiently convinced that all is heading south, so have banked a modest profit on some of my DOW shorts
cynic
- 16 Oct 2015 13:22
- 18702 of 21973
China Q3 GDP numbers out on Monday morning
hard to know how the markets will take them, whether good or bad
jimmy b
- 16 Oct 2015 18:26
- 18703 of 21973
Short DOW 17195 .. see if they sell off tonight before those figures come out
cynic
- 16 Oct 2015 18:51
- 18704 of 21973
good call so far jimmy (17138)
jimmy b
- 16 Oct 2015 18:58
- 18705 of 21973
I'm surprised you didn't tonight ....
jimmy b
- 16 Oct 2015 19:15
- 18706 of 21973
I closed at 17130 ,, 65 pts will do .
cynic
- 16 Oct 2015 20:23
- 18707 of 21973
good boy ..... i see it's now recovered to 17187
was cooking dinner and am also pretty tired
Claret Dragon
- 19 Oct 2015 07:16
- 18708 of 21973
China numbers are trending down still. A bit of a sell off to start the week!!!!!!
patshere
- 19 Oct 2015 07:19
- 18709 of 21973
China Shares Rise After Growth Report Eases Economy Jitters
By YURI KAGEYAMA, AP BUSINESS WRITER TOKYO — Oct 19, 2015, 1:15 AM ET
37
SHARES
Email
Chinese shares rose Monday after quarterly growth figures countered pessimism about the world's No. 2 economy. Other Asian markets were mixed after trimming losses.
KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.6 percent to 18,176.52 while China's Shanghai Composite Index added 0.5 percent to 3,408.41. Hong Kong's Hang Seng fell 0.4 percent to 22,974.36 and South Korea's Kopsi shed 0.3 percent to 2,024.11. Australia's S&P/ASX 200 was little changed at 5,266.20. Stock market benchmarks were higher in Taiwan, Thailand and Indonesia.
CHINA GROWTH: Data released Monday showed that China's economic growth decelerated in the latest quarter but relatively robust spending by Chinese consumers helped to avert a deeper downturn. The world's second-largest economy grew by 6.9 percent in the three months ended in September, down from the previous quarter's 7 percent and the slowest since early 2009 in the aftermath of the global crisis. Growth of 6.8 percent had been forecast by analysts.
ANALYST VIEW: "Markets have clearly been buoyed by the better than expected headline number, and it shows that China's economy has not deteriorated as much as some had thought," said Angus Nicholson, market analyst at IG. "Although growth may be holding up in national headline figures, north and northeast China are basically having a regional recession with their heavy exposure to commodities and over-capacity secondary industries. How China lessens some of the strain they are suffering is still an open question for the government."
WALL STREET: The Dow rose 74.22 points, or 0.4 percent, to close Friday at 17,215.97. The Standard & Poor's 500 gained 9.25 points, or 0.5 percent, to 2,033.11. The Nasdaq composite added 16.59 points, or 0.3 percent, to 4,886.69. The tech-heavy Nasdaq is up 3.2 percent this year. The Dow and S&P 500 are still negative. The Dow is down 3.4 percent, while the S&P 500 is off 1.3 percent.
ENERGY: Benchmark U.S. crude slipped 22 cents to $47.04 a barrel in electronic trading on the New York Mercantile Exchange. The contract added 88 cents to close at $47.26 in New York on Friday. Brent crude, used to price international oils, fell 29 cents to $50.17. It rose 73 cents to close at $50.46 a barrel in London.
CURRENCIES: The dollar fell to 119.33 yen from 119.43 yen on Friday. The euro rose to $1.1370 from $1.1348
Claret Dragon
- 20 Oct 2015 11:56
- 18710 of 21973
At the crossroad again from my perspective.
cynic
- 20 Oct 2015 12:00
- 18711 of 21973
the weakening of the chinese economy is of considerable concern right across the world
i'm undecided as to how bleak an outlook this creates for the markets
worldwide economic stagnation or worse is the last thing that the various powers that be will want to see, but i'ld have thought their weapons for staving off this were pretty limited
jimmy b
- 20 Oct 2015 12:07
- 18712 of 21973
Plus we have had a run up on both FTSE and DOW of late ,i certainly don't fancy going long right now .
Oilers and miners such as PMO,TLW, KAZ,GLEN,LMI, have tanked again . Oil and Copper going back down .
I'm wondering if the DOW and FTSE will not take a step back , just my thoughts ...
Claret Dragon
- 20 Oct 2015 12:31
- 18713 of 21973
Earnings in US have been hit and miss. Nike and Walmart going in opposite directions. A good example of picking the right stock.
cynic
- 20 Oct 2015 15:38
- 18714 of 21973
what a very strange day
i have a very small long DOW profit, but am almost inclined to bank lest it melts
cynic
- 20 Oct 2015 15:46
- 18715 of 21973
DOW
a quick surge above an important resistance - 17,230
if that holds, then in theory it should be further onwards and upwards, and that will no doubt drag FTSE with it
cynic
- 20 Oct 2015 16:39
- 18716 of 21973
FTSE
good to see 6340 holding out through the close
a bit straw in the wind, but may move higher from there in the morning or even o'night depending on what wall street does
jimmy b
- 22 Oct 2015 12:17
- 18717 of 21973
Went long FTSE this morning when it was down for a few points ,won't move much at the moment ,may be tempted to go long again this afternoon.
cynic
- 22 Oct 2015 13:26
- 18718 of 21973
DOW looks a better bet ...... though it disturbingly dipped quite well below 17,200 last night, it has now recovered that important level (currently 17,222) and with luck will push higher
that ought to drag FTSE with it, but that index has been reluctant to follow of late
cynic
- 22 Oct 2015 14:37
- 18719 of 21973
cashed in dow long at 17,300 for +80 :-)
quite probably back in again later and probably long again
jimmy b
- 22 Oct 2015 14:47
- 18720 of 21973
And stayed with long FTSE ,been a bit boring and slow though ..
Cashed in +56 on dow .