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

oil price likely to fall to $65/70 in the near term ..... remember that halifax, for it may well come back to haunt you ...meanwhile, i trust that to back your forecast, you have shorted crude heavily ... please confirm

Most certainly will when decline starts next month trust you still have your NRK short now it is being nationalised?

not for ages .... more to the point, wish i had shorted MPH having posted loud and clear what crap management it had and how it would come home to roost in due course .... sooner than expected it has to be said

Will NRK's shares be suspended tomorrow. The question of shareholder compensation has not been mentioned.

I read it will be suspended first thing tomorrow, and could take years for shareholders to get money back.

Dont think shareholders exist in a nationalisation scenario. NRK could be turned round quite quickly if their lending book is sold/run down and they dont have to pay the market rate for the funds injected by the government. However that assumes they dont have massive bad debts/defaults to provide for.

Dont think shareholders exist in a nationalisation scenario. NRK could be turned round quite quickly if their lending book is sold/run down and they dont have to pay the market rate for the funds injected by the government. However that assumes they dont have massive bad debts/defaults to provide for.

have taken a small short on th FTSE today at 5855. Still watching and learning

If the bank reporting season reveals no nasties, then the FTSE could well surge, guess we'll begin to find out from tomorrow. Good luck all.
2517

Very true 2517 - Got out at my get in price - so just lost my dealing fee.

Back to watching and learning

short @ 5892, the rsi hit 80, so showing index as overbrought.

I'm looking for a pullback before ftse challenges 5900.

ftse really trying had to hit 5900 level, but keeps bouncing off at moment, it's proving to be resistance this morning. It needs to pause for breath, 5860 would be nice.

Not so sure banks/financials has seen anywhere near the bottom yet, but only going on some articles i read, that i happen to agree with, many many billions to be written off yet, could last for quite some time yet...

Big Ted------I agree, but I think the big 4/5 UK banks will have limited exposure, if it turns out not to be the case then the FTSE will imo head towards the 5200 mark in coming months.
2517

closed short for B/E, may try later at 5915.

With barc reporting tomorrow and lloy friday, we haven't long to wait, would think UK banks will want to get any write offs out of the way now. I don't think the write offs will be as high as US banks have been forecasting.

Should have a clearer picture tomorrow.

Presidents day in the states so public holiday.... Sentiment on long rising all the same.

Well Wall St. is going to open up, bid question is will it stay there?

for that reasson, shall stay on sidelines for now

Debating doing the same, GBP/JPY short doing well so might just leave me Wall St. rolling bet open. Also the FED news of last week I still think could offset the days results, I have the feeling a quick slide is coming and don't want to miss it..... Tender hooks for anyone playing from the off.

Wal-Mart figures pretty encouraging .... would certainly not short Dow at this juncture.

GPP/JPY is certainly an interesting shorting idea, with ultimate target of 190