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

To be honest, that's been at the back of my mind for a while and hence my previous post about wanting to be short overnight - so far proving costly :-)

I know costly, sometimes though you just have to bite the bullett and they come good..

Looks like I closed my FTSE long a tad too early, never mind - a good run nevertheless and my Gold got stopped out - also with a healthy profit.

Where now !!

just goes to show that markets don't always act as they are meant to! ...... took a bit of nasty bashing on the shorts i was running and now closed, but at least partially offset by my current long in HG+HC

I've just gone short on the DOW @ 14818. Had been long for a couple of brief trips on the FTSE and am leaving that alone for now.

Have gone short on FTSE at 6385 and long on gold at 1560

Bhunt - you do realise you are now betting the same way as me!

Do you want to reconsider? :-))

USD Federal Budget Balance -106.5B -110.3B -203.5B

Obama budget aims to kickstart deficit-reduction talks

WASHINGTON | Wed Apr 10, 2013 8:51pm BST

(Reuters) - President Barack Obama proposed a $3.77 trillion (2.46 trillion pounds) budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy.

The package is meant to lure Republicans to negotiate a broad deficit-reduction plan, but the details mirror a proposal Obama laid out last year that was rejected by Republican leaders.

maybe not my cleverest decision in the light of the cypress decision to sell gold - I had not seen that news before I placede my bet

Bhunt - it looks like limited damage so far!


Gold losses seen limited on Cyprus bullion sale plan

NEW YORK/LONDON | Thu Apr 11, 2013 1:25am BST

(Reuters) - Gold posted its biggest one-day drop in nearly 2 months on Wednesday after Cyprus was forced to sell most of its gold reserves, but analysts said strong bullion buying by other central banks should underpin the price of the metal.

Investor fears over more gold sales by other debt-stricken euro zone members such as Portugal and Greece sent spot bullion prices down 1.7 percent on Wednesday, within striking distance of a 10-month low.

German Final CPI m/m 0.5% 0.5% 0.5%

Nikkei closed at the days high.

Still short on FTSE - but canned my gold and reversed it to a short. Not going to plan at the moment

China bird flu threatens KFC parent's winning streak

(Reuters) - Yum Brands Inc, the biggest foreign fast-food chain operator in China, is in danger of breaking its 11-year streak of double-digit profit growth as it scrambles to deal with food scares and bird flu in its most lucrative market.

The U.S.-listed firm, the world's largest restaurant company by number of outlets, said in a filing Wednesday that the latest deadly avian flu outbreak would have a "significant, negative impact" on sales at KFC stores in China in April.

By Eleanor Warnock TOKYO--The Bank of Japan's super-charged easing measures are not pushing local investors into foreign markets yet, data from the Ministry of Finance showed Thursday, helping to give the yen a little support. The dollar remained pinned below the psychological high water mark of Y100 against the yen after the weekly data indicated that the widely-anticipated rush out of local markets was not yet clear to see. Japanese investors sold a net 1.14 trillion yen ($11.4 billion) in foreign bonds and notes during the first week of the fiscal year from March 31 to April 6, the fourth straight week of selling. Expectations of outflows from Japan have boosted other markets since the BOJ last week announced it would seek to double its domestic sovereign debt holdings to Y190 trillion in two years in an effort to stimulate the economy and defeat deflation. In Europe, yields on 10-year bonds issued by France, Belgium and others reached record lows in response to the BOJ's action. Yields on bonds of some of the most fiscally-stressed euro members such as Spain and Italy have also cranked lower, helping to support the euro. However, those shifts in European yields appear to be driven more in expectation of future flows out of Japan, rather than by real flows. The sell-off was also the biggest since almost exactly the same week a year earlier. "It's beginning of fiscal year profit-taking, and with a figure like that, most likely by banks," said Satoshi Igarashi, senior portfolio strategist at BNP Paribas Securities in Tokyo. "It's an operation that happens often at this time of year." The data do not show a breakdown of which sectors exactly are selling or buying, but strategists including Mr. Igarashi say that if life insurers or pensions are pushed to become bigger buyers of foreign bonds amid rock-bottom local yields, the effect will likely not become clear in the numbers until after April. Riccardo Barbieri, chief European economist at Mizuho International PLC, said his firm has not detected any unusually large inflows of Japanese money into Europe. Japanese outflows might turn out to be positive for euro-zone bond purchasing, Mr. Barbieri said, but for now, the data "fly in the face on the thesis that global bonds are being boosted by Japanese portfolio investments."

banked a decent profit from HG+HC long which at least ameliorates the nasty bruising incurred with my dow/ftse shorts ...... am now short dow again and keeping my fingers x-ed

So you went short, got burnt, took the loss and have decided to go short again.. Why crystalise a loss if you intended going short again in the same market?

Merkel: Need Common Understanding on Where Growth Comes From

because my brain's soggy!