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

Afternoon all, theres some nasty bugs around at the moment. Closed all positions Thursday at around 11 and went home to bed as wasn't feeling well at all... Not 100% today but back in the office. FTSE100 still testing resistance I see and DOW is on a new leg, 13092 limited support looking to test 13147 resistance but could go either way....

Keep away from me Shortie - not keen on bugs :)

I cashed in my short from 5920 earlier and have re-set it, in case we go up again.

I'm encouraged to read the article that Skinny posted (10101) - at last it seems as though some sense may return to the market!

Hmmmm - OECD sees economic traction in U.S. and Britain

PARIS | Mon Dec 10, 2012 11:57am GMT

(Reuters) - Economic growth appears to be gathering traction in the United States and Britain, while China and Italy may be about to turn up, the Organisation for Economic Co-operation and Development said on Monday.

Signals continue to point to weak growth in Germany, France and the euro zone as a whole, however, and likewise in Japan, Russia and Canada, the Paris-based OECD said in a statement on its monthly composite leading indicator (CLI).

The OECD said its October CLI reading for the United States and Britain remained above 100, which represents the long-term average of economic performance, rising respectively to 100.9 and 100.5, from 100.8 and 100.3 in September.

What a strange ol' world... I wouldn't like to go long at this level of the FTSE somehow (currently 5921)

Merv the swerve speak later this afternoon.

Ah thanks Skinny - didn't know that! When??

5:15pm.

I shall miss that - off to Pilates then! But no doubt he'll say something uncheerful

Is the sky up!

:-)

It would depend if you were standing on your head.

EUR German ZEW Economic Sentiment 6.9 consensus -11.4 previous -15.7

EUR ZEW Economic Sentiment 7.6 consensus 0.1 previous -2.6

GBP CB Leading Index -0.4% previous 0.2%

Ever upwards then!? That ZEW Sentiment level is a surprise, isn't it?

Bernanke speaks tomorrow, so the market will be moving up in anticipation of continued Fed action...

I've closed the 5920 short at a small profit, and will now set one at 5950. Still not sure if we can continue this upward path!

Discuss!

You remind me of my history teacher, Skinny - lol :)

Interesting to see the high in March at around 5950 - may be that's not such a bad level for my short, then - at least in the short term.

I suppose that if it breaks convincingly above that, then we will see continued upward movement.

Seems like 5950 could be a key resistance level??

Is that a triple top I see?

It is - but I was reading on a US website that a similar formation is currently on the S&P chart, and the analyst concerned (can't now recall who it was) didn't believe we would really continue upwards. It doesn't necessarily have to be the case - does it??

I thought a triple top or bottom, was a potential reversal sign?

There was a similar pattern in the 1st half of 2011 - It was discussed on this thread I believe.

Ah right - thanks Skinny. That makes a lot of sense to me!

I'll have a look back at 2011 as well

Have a look here starting at post 6011 - obviously the chart is current and of course it could all be wrong!