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

Regrettably I think you are right Shortie - but I am maintaining my short on the FTSE for now and my long on Gold.

Head is saying close my ftse short - heart is saying leave it alone - heart is winning right now

Closed 1 FTSE short position at loss and stubbornly kept the other open.... My discipline has gone right out the window trading at these dizzy heights... Pretty sure I'm not the only one doing what they know they shouldn't though...

Feel free to dish out a right telling off, I know I need one..!

Shortie - no, you are not alone.

I'm still short.

I nearly sold a sizeable VOD holding this afternoon - the fact that I didn't, should mean the FTSE will now fall - hope this helps! :-)

What I need is a No.2 to place the bets, I'll just do the charting without thinking about the money and someone else will just open and close the trades without looking at the numbers. Think I'll be quids in doing it this way... Now who to trust with the money...

LOL

bhunt - your head is almost certainly right, at least for now ...... keep watching dow which is only 100 pts away from its key target of 14,545 and/or ftse 6550

out of 50% of dow long at 14435 ...... there's prob a bit more puff left, but not so much that i want to chance it all

GBP Manufacturing Production m/m -1.5% consensus 0.0% previous 1.6%

GBP Trade Balance -8.2B consensus -8.8B previous -8.9B

GBP Industrial Production m/m -1.2% consensus 0.1% previous 1.1%

And still the FTSE rises.
It's a fickle market but with the £ falling vs the Euro that makes exports cheaper again.

.

US and China are in good shape, so no problem with companies. They improve earning very fast and continue to have more room to grow.

I'm not trading this, seriously thinking of catching a bus or hailing a Taxi some serious opinions needed here :O)

Dow up, Footsie up, Gold up, What's the Dollar doing?

Wow - my gold has just gone from £5k loss to £2k profit - moved the sl up to guarantee some profit - but my FTSE short still underwater - but looking more promising

I'm still short from yesterday pm, I also got filled last night @6,511, which I closed this morning @6,498.

Plenty of my long(er) term holdings at highs (hardly surprising) and I've put a few limit orders in to sell 50% of these.

Silver money going into Gold perhaps?

Silver looking good also I think