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

how about your asos short??

thought about closing it, but have left it to run ..... it's not doing much damage, though it does tie up a lot of margin

Bullish......

http://www.ftadviser.com/2013/05/28/investments/equities/ftse-set-to-surge-past-barrier-say-experts-cDeOGjMWJ9Z3JrSk0Z8LJP/article.html

keep an eye on German economic numbers out soon.

well i sure look to have lost my touch - at the moment!

Can't believe after such a good day yesterday it's all gone backwards today! Profit taking & ex-divi day I suppose?

Ex div very small this week - less than a point!

More likely the China growth IMF downgrade.

If you're looking for answers, I think you need to look at what Amari said to the market a week or so back. Ditto the effect that Kuroda had when he spoke back in April.

I would guess they're trying to slow the rally to stop Japan's trading partners from throwing their toys out the pram.

And, like normal, it's in the chart.

USDJPY - lower highs, lower lows

if you're a smart and alert cookie (unlike me in the last few days!) there's a lot of money to be made especially in trading Dow .... that particular index has made the apocryphal whore look positively restrained!

My one bright spot in the gloom:

Big spike on the DOW & Nikkei.

what a very strange day .... dow hopping around like zebedee, and some unexpected gains and losses in other areas ..... overall, not much change

DOW
yesterday cash opened at -50; during the day at one point it was +90; closed +20
today cash opened +10; currently -62

impossible to read

If your trading indicies you should be looking for that kind of volatility cyners. Its sheer heaven to an index trader.

I wouldnt mind but yesterday you were preaching on about all the opportunity the Dow presented at the moment. (chart attack thread)

Think youve lost a lot recently and have a tired mind.

Never trade with a tired mind.

Id take a short break cyners and come back refreshed. Do a bit of golfing, itl do you the world of good.

FTSE trending quite well of late - S2 this morning @6595.71 - FTSE touched 6594.23.

you're only partially right ..... i certainly made a couple of bad calls and chickened out when i should not have done, but it merely made a dent in my profit s made since 6th April .... however, i'm also running a biz so have not been as sharp-eyed, witted and fingered as i should have been .... but yes, this massive volatility is heaven for the professional

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golf at my very smart snob's club about midday today! :-)

merely as an aside, guests are often amazed at what a friendly place it is

What kind of a business do you run Cyners?. Something related to golf?.

Anyway delegate it down like I do. You have to have confidence in your staff.

related to shipping chemicals and also oilfield stuff
don't worry - i'm actually quite good at delegating, but certain aspects i keep for myself as though they're often tricky and/or stressful, they're also fun

Interesting, have a good game of golf old Bean im off to do some more lawn mowing.

ps, warn hays about his drinking, cant be doing much for his liver.