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

Hmmmm. You're right, although I wasn't even thinking of said expression when I posted.

Would that really make what I said a mixed metaphor though?

No, I was probably being obtuse!

All quiet atm - a bit out of Euro land @9.

Can you be skinny and obtuse at the same time. Or is that a double entendre? :o)

merely a hidden meaning!

lol

Apparently I can! :-)

Reminds me of Johnners "The Batsman's Holding, The Bowler's Willey" or similar.

don't start talking about 'double enders' please, its 'hard' enough trying to trade as it is...

Ok then, a few more - Amusing "Double-entendre's"

German Ifo Business Climate 104.2 consensus 103.1 previous 102.4

hehehe, read them before, but always good for a chuckle... )

You need to listen to the confusion that sometimes accompanies Samantha

Excellent and timeless :-)

Today's comment from Dominic Picarda of IC:
"EuroI do understand why so many spread bettors went into yesterday short of the FTSE. The UK index and various other markets were all already pretty stretched as of early Thursday, and therefore ostensibly ripe for shorting. As I said in yesterday’s Outlook, however, overboughtness should be treated as an amber light, rather than a red one. It should alert us to the fact that a trend may have gone too far, too fast, rather than actually prompting us to head for the exits. The markets subsequently surged even higher, burning those that had made their sell-bets.

What now? The FTSE is now what I’d describe as really overbought on its daily chart. You have to go back to the blithe, pre-credit crunch days of February 2005 to find another occasion where it was this stretched. I am therefore increasingly cautious, but still willing to take small longs after intraday pullbacks. And I will remain so until there are definitive signs of reversal, not just overboughtness."

GBP Prelim GDP q/q -0.3% consensus -0.1% previous 0.9%

GBP Index of Services 3m/3m 0.6% consensus 0.5% previous 1.1%

I think the FTSE will ignore what's going on 'at home' and go with the macro news - as we saw yesterday - I made some money on a long but never thought it would go as far as it did! Today I'll set a short at 6300, but then will look out for a point to go Long again next week.

Meanwhile, enjoying a leisurely train ride to London - amazing how much snow is still around!

Back in WOS at 2977.looks good for 3030 ish . I'm perusing and pondering UKX

Back in WOS at 2977.looks good for 3030 ish . I'm perusing and pondering UKX

Ahem.....Toya! More shopping?

Toya - "I made some money on a long" - ironically I took 30 points from my short yesterday (sorry Hils :-) ) and am long from 51 this morning.


New home sales out of the US of A @3.

Iain - you might like to take a look at posts 10568 and 10569 ..... both indices (on which you can bet) give excellent coverage of both the construction and housing stocks, though they are pretty heavy and volatile (hairy scary at times)