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

6610 sold for 6568, very quick trading right now

Well that was nice!

Edit - you and me both Shortie +29.

Cynic, regarding the FTSE reaching new highs this is only feasible whilst the cash discount rate remains low and is perceived to be held low into the future.

GJ bounced the wrong way for me though but is recovering

GJ closed for a small profit, no doubt will re-enter. FTSE short at 6574

Long @31.

German Industrial Production m/m 2.4% 0.3% -1.0%

Long Skinny, brave move

BOE Carney: Inflation, Not Unemployment, Rate Is MPC's Target

Profiting again

Closed for +14 - I'm going to step back for a while.

I'm thinking the same Skinny FTSE closed 6534 for +40pts. Keep an eye on GBP/JPY its going great guns towards 150.

I'm thinking the same Skinny FTSE closed 6534 for +40pts. Keep an eye on GBP/JPY its going great guns towards 150.

Still going great guns!!

shortie - 12722 ..... and why should that not be so for the foreseeable future?

Shortie - did you close on that spike?

Skinny, wish I did, just over 150 closed out, nice profit. Look like it'll take a breather now.

Cynic, In order to get banks lending they need to hold greater cash deposits. For them to attract cash deposits the discount rate needs to rise. If the discount rate rises then a shift in cash being held in stocks/bonds to cash occurs. With this shift the FTSE will fall. Once inflation is controlled then the bank can lift the discount rate and we'll see lending increase, this increase in lending should generate growth. QE and a near zero discount rate are temporary measures to kickstart the economy, not forseeable future measures for anything longer than the short term as they potentially damage the economy by weakening in our case sterling.

Big candel, 5 sessions down now

Weekly FTSE, still in bull territory.

Just closed a short +20 - that is definitely it for today....

4 Hour Wall St. long play I think for tonight here.