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

Watt St closed 14934 +17 pts

10min Wall St, 14972 is the first test, maybe not today though.

There are many undervalued stocks in the US which have to rise soon, like AMD, Cisco, etc,
I think we are very close or at the start of a bull run till Christmas.

I'm not sure the market would agree with you Ahoj on Cisco... Think I'll add this to my short watchlist looking at the below..

Short FTSE 6483.3

Short @6,512.

Added a further short 6512.5, two bets average 6497.9, 6510 first resistence then 6536 I make it.

I had 6,495.64 and 6,511.90 as resistance - but tempted to close before 3pm.

Out for +12 - I'll look later as its bound to tank now!

6512.5 closed at 6496.8 for +15.7, 6483.3 short still in play.

US Jul New Home Sales -13.4% To 394K; Consensus 490K

6384.4 FTSE closed -1.1 pts

Just over two weeks to the St Leger. Lets hope things get a bit more active on the stock market. All a bit dull atm.

U.S. economy grew at 2.5% annual rate in second quarter, faster than previously reported by Commerce Department.
so will the markets perversely now run scared?

You'd think so Cynic, any tapering will cause concern that growth might stall.

Debating going short on the FTSE, already been short once today and closed at profit, looking for above 6500, 6520-6535 shows resistance

6506 short

6462 closed for +56

FTSE 100 Daily Below, tempted to go long but will wait and see what happens this afternoon.

Rate decisions are due from the Bank of Japan, the Bank of England and the European Central Bank Thursday, along with the U.S. ADP employment report, while nonfarm payrolls are out Friday.

I have sadly sold all my CSR shares after a terrific run; there's a buying opportunity for someone here :-)

FTSE short 6540