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

Double top?

You shorting APPL Skinny?

Unfortunately not - I had it on my list but......

Yeah I know, APPL is a monster, get it wrong and it can quickly cost you dearly... Its one of my favourite trades though as I've made a nice bundle trading it.

The annoying thing is that it was probably one of the most obvious trades recently - well done if you were short.

Unfortunatly I wasn't, not had a position in AAPL for a few weeks now. Facebook is at a high I read so might have to investigate a short play there.

Post 12918 off 50 points since posting!

I'm still short on the FTSE two bets carried average 6543.1, also short on the DAX Dec Fut @ 8454.. Keep talking Carney

Just looks overbougt to me, fall back to 3940 looks in order. Not a sector I tend to trade through.

was thinking of taking profits here anyway, and your latest comments convinced me, so banked a very useful profit - many thanks

Cynic, well done on your profit.

i confess i find it strange that NMX 3720 is misbehaving so badly, so i guess i'll just grit my teeth and hang on in there

was tempted to try the falling knife trick and could easily have bought at about 10080, but dither dither and easily missed the boat :-)

Cynic, the eight stocks in the FTSE 350 Household Goods sector [NMX3720] are-

Barratt Developments [BDEV] Persimmon [PSN] Bellway [BWY] Reckitt Benckiser Group [RB.] Berkeley Group Holdings (The) [BKG] Redrow [RDW] Bovis Homes Group [BVS] Taylor Wimpey [TW.].

I assume your expecting a rally in these shares to think that the sector will climb further??

Shortie - there are more than 8 stocks.

ABBY, AGA, AIEA,BDEV, BWY, BKG, BVS,CHH, CFX,CRST,HVE,HEAD,JLH,MCB,PSN,PMP,RB.,RDW,SNCL,TW.,VCP,WGB

something like that :-)
i think the housing market has a lot of puff in it, albeit or indeed because it's starting from a horrible place, and that is also the feedback i get from a couple of estate agents i talk to

I stand corrected, is this http://www.lse.co.uk/sector-constituents.asp?sector=3720&sectorname=household_goods_&_home_construction the full list?

Household Goods up +178 this morning..

Shortie - RB up a quid is helping.

i return home with a smile on my face!