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

Right I've scaled back my FTSE shorts and taken a few losses after I realised last night I was running too much risk.. What an idiot.. Not the best start to the year..

Descending triangle on FTSE 5 minute?

If it rallies to 6791 then pulls back to complete a third continuation I might be interested..

S&P back to 1842 resistance, looks like it could break out higher..

Worth noting..
Apple rose more than 1% in thin trade after the chairman of China Mobile Ltd. said the company's deal with Apple will entail broad cooperation between the two. He also said millions of iPhones have already been ordered by customers, signalling strong demand for the device. Apple's Chief Executive Officer Tim Cook said he was "incredibly optimistic" about the outcome of cooperating with the Chinese carrier.
Couldn't find the old APPL thread either..

I posted a link to the above on the traders thread.

Tick tick.

FTSE 100 6810 gone short looks overbought on the 5mins so trying a large bet for a few pts.

6825 position closed...

Short @6,823

I got my fingers crossed for you Skinny...

Cheers Shortie - I think if breaks up here - its 6,900 pdq.

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Thursday 0830 Jobless Claims Jan 11 331K (20) 330K 0830 Consumer Price Index Dec +0.3%(28) Unch --ex food & energy Dec +0.1% (28) +0.2% 1000 Phila Fed Mfg Svy Jan 8.7 (17) 7.0 1000 Housing Mkt Index Jan 58 (14) 58 Friday 0830 Housing Starts Dec 0.975mln(27)1.09mln --percent change -10.6% +22.7% 0830 Building Permits Dec 1.02mln(14) 1.01mln --percent change +1.0% -3.1% 0915 Industrial Production Dec +0.3% (28) +1.1% 0915 Capacity Utilization Dec 79.1% (26) 79.0% 0955 Reuters/UMich Consumer Sentiment (prelim) Jan 83.5 (21) 82.5* 1000 Job Openings and Labor Turnover Nov N/A N/A *End-December reading (Figures in parentheses refer to number of economists surveyed.)

Fully agree, I'm cautious of it making a break for a new high right now.

Have to say with that 2% inflation figure I thought the FTSE would have gone the other way. If inflation continues to fall this adds to the increase interest rates arguement at the BoE.

Carney a few minutes ago....

Carney - favours higher leverage ratio for UK banks than Basel minimum

(Reuters) - Bank of England Governor Mark Carney said on Wednesday he wanted British banks to set aside more capital than the level agreed in a new international deal.

On Sunday, regulators from around the world reached a provisional deal on new rules designed to prevent banks from over-stretching themselves. Under the new leverage ratio rules, due to start in 2018, banks must hold capital equivalent to 3 percent of their total assets.

"My personal inclination is that we would gross up, not jack up, but gross up whatever the base level is for a ring-fenced bank and for systemic banks in order to ensure that leverage ratio fully performs its function," Carney told MPs.

Out for a whole +11.

short go with the flow don't fight it!

Anyone having any luck today?

yup - won on the golf course this morning! ..... now in quarter finals :-)