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

FTSE 6612.8 gone short. I think it'll drift in the range until next month when the FED could start to taper relief.

Other thoughts.

On the DAX theres the German election on the 22nd Sept, the risk being that she needs the Free Democrats as partner to and not the Social Democrats who could throw a spanner in the works over issues bailout packages. Greece being the agenda and a new bailout needs to be agreed by the end of the year.

GBP/JPY, Mr Kuroda is to fire up the printing press silos again.

The EU passed into law on 1st August an act outlining who’ll be on the hook in the event of a banking collapse. Mr Osborne says that “in future, taxpayers will not be called upon to bail banks out. It will be down to the creditors and the owners.” Who do you think bank creditors might be? Yup! You and me and if you think it stops at >€100K (£85K) deposits, think again! It is planned that smaller savers will suffer a “penalty tax.” If you’re a larger saver...start thinking Cyprus...and physical gold! Good old Europe! So why be a saver right now, super low interest rate and high risk of losing money, buy gold maybe but what if a nation sells its reserves to bailout itself driving the price down... Better get on and spend then, but where, cue Cynic as the housing market has been picking up recently... Another bubble in the making, well maybe.

It looks like quite a hefty charge for being short tonight!

Thanks Skinny, fingers crossed I'll be out by 22:00 then.

Shortie - just got in - I'm now with you from 6,624!

bet you're glad you're not short AAPL tonight!

Ouch £23 per £1 for the FTSE short!

Investor Carl Icahn buys stake in 'undervalued' Apple

Apple shares have fallen 30% since hitting a peak last year


Billionaire investor Carl Icahn says he has built up a "large" stake in Apple.

Mr Icahn says Apple shares are "extremely undervalued" and wants Apple to carry out a bigger share buyback.

In April, Apple said it would return $100bn (£65bn) to shareholders by the end of 2015, by raising its dividend and buying back shares.

Mr Icahn said he had a "nice" conversation with Apple's chief executive Tim Cook and plans to speak to him again shortly.

In response Apple said in a statement: "We appreciate the interest and investment of all our shareholders.

£20.40 per £1 for the dividend overnight plus the overnight fee paid.

Yep, am glad to be out of AAPL currently.

I did however open another FTSE bet this morning, so running 2 shorts averaging 6611.4 at the moment.

I noticed that US futures are pushed down when US market is closed. It recovers when Americans wake up and start trading. This has been trend over last couple of days, if not weeks.

Is there a reason for that?

Not so sure its pushed down, the margin widens when out of hours as with any indicie.

I am talking about 50 points change in DOW futures from when Americans are in bed to opening time.

If its not the spread then maybe speak to your broker, below is the SP500 September Future for the last week which doesn't back up what your saying.

ahoj,

You can generally get a good idea of out-of-hours index futures pricing by tracking the relevant Yen cross during the period. During the time you're talking about last night, USD/JPY fell about 25 or 30 pips.

Thanks. I am talking about DOW. But 50 points change is not much to be important these days.

Depends which side of it you are and how much a point!

ahoj,

Well 30 pips on USD/JPY represents about 0.3%, which is proportional to the 50 points on the Dow you're referring to.

FTSE posions closed 6596 in profit.

Tempted to by GJ at the moment, worth a read http://nationalinterest.org/commentary/tokyo-time-bomb-japans-looming-debt-disaster-8885

.

Short closed +65.