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

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)

Harrycat: no, a cultural meet-up with friends to see exhibitions at the Royal Academy - such a treat!

Skinny: you did well to set up your long! I didn't dare do much as I can't keep an eye on the markets today

Ah, the new Manet exhibition. Looks good. Dangerously close to Oxford St /Regent St however!!! ;o)

True enough :-)

smart-arse Number2 managed to go to the lectured private viewing a few days ago

Manet - the brown and black bloke?

:)

following on from post 10658 re volatility ...... having taken a (long) position in one of those indices and being well in the money, i set a comparatively tight stop (40 points i think) ...... this was triggered, so a good profit banked, but of course as often happens, the index then whizzed north again ..... no gripes; really just a comment

CAD Core CPI m/m -0.6% consensus -0.2% previous 0.0%

CAD CPI m/m -0.6% consensus -0.2% previous -0.2%

Cheers Cynic. I sleep and breath WOS at mo. if I get ticker right :-) been in and out last 3 months.

confess i gave up on that one as could never ever get my timing right

New-home sales drop 7.3% in December to an annual rate of 369,000, the U.S. government says.
market has stayed remarkably sanguine in the light of those numbers

Off the Piste!

Taking it

Not convinced we'll reach 6300 today so I've gone short this morning from 6285 - that will probably guarantee that the rally will continue...

Yen crosses are all selling this morning as risk gets turned off, Toya, so imo your short should be OK.

Thanks for that info Hilary!

GBP/EUR back down to 1.17 and looking to go lower, with the sell off in the pound well under way its no surprise the FTSE is so bullish. Sure a sell off is due as the FTSE is more overbought now than at any time since 1997 but I think any sell off will likely be short lived.

Maybe a weak pound will increase exports and put the governments budget back on track to restore some confidence in the pound, maybe not. One things clear though, the FTSE must look cheap to foreign investors right now.