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

i very rarely follow any though i find QL quite good ..... Shares Mag i only really use when it has something to say about companies in which i am already interested

FTSE short 6542 from this morning.

6527.5 Position closed +14.5pts

6522 gone short again

6579.8 short ftse

Looks overbought

It does, but the big guns are leading this today - some staggering rises.

We'll see, I think this afternoon could well see some staggering falls. Lets not forget that all this positive economic news strengthens the case that no more QE is required.

I've just gone short!@ 6599!!!

Shortie - have you got one of charts for gold please?

Daily below

Thanks.

Closed @6,584 +15.

Well done Skinny, looks like I'll be funding overnight, hope the dividend isn't a large one!!

1.4 points tonight.

Cheers Skinny - Well that will erode some of my GKP profit taken today.. looking at the below daily this level isn't the best to be short off..

I've got another limit in@6,604 - looking unlikely today atm.

One to keep an eye on as looking like its about to breakout... Is this one of Cynics??

And this I'd be looking to sell out of as looks over done..

I must admit I'm starting to look to the short side - I normally get this wrong by a few days though.

Plenty of shares seem to have got ahead of themselves today (to me).