That Was The Week Ending 29th Sept

 

 

 

 

 

 

Graphic- VFTSE 30 min chart

 

 

 

 

FTSE:  This Week  – UP :  Monday- Friday 40 point range, ending up 100 points

Daily Volatility: 11.4-9.8   from 11.58 – 9.59

FTSE cash index – open 7310 high7382 low 7272 close 7372  

 Last week:  open 7217 high 7320 low 7208 close 7310

FTSE volatility-  10.4-10.4    (last week: open 10.98 close 10.6) 

What Trades Would Have Done well

Trade 49  from last week- could have converted to a ratio spread. This has a way to go but we could consider it to be a losing trade, and close out. Too many variables to make one choice right now. Short puts/long calls would have done ok, but we trade volatility. This week it has not moved. In times like these calendar spreads can do well. We want a ‘cheap’ far month- Nov or Dec.

Market Volatility

From 11.4 to 9.8   ( last week’s range 11.58 to  9.598)  We ended the week as it began with Vol at 10.4. What is crushing market moves? I wish I knew, I also wish I could say it’s no problem. But I have not had the time this week to scout around for likely winning trades.The pound slid to 1.3384. That may have some bearing on the feeble rise on Friday. But FTSE is just another wiggly line on the screen,that reflect opinions.

Summary

We have to dig deep to find profitable trades, or just chill and wait for the dumb money to do something dumb. That is how the pro’s (like spreadbet firms) make money. From the BBC, relating to Gordon Brown, this delicious piece of irony:

Next financial crisis http://www.bbc.co.uk/news/business-41433653

At the same event, Mr Brown also warned that the UK and other major economies were at risk of being “complacent” about the next financial crisis.

He suggested the next financial meltdown could come from Asian banks which are not subject to formal regulatory oversight, known as “shadow banking”.