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

9:19 EST - Based on how market reacted, a bad payrolls report isn't believed to be enough to stop the Fed from tapering QE next week. The question now is if financial tensions are. ED&F Man Capital's Tom di Galoma thinks there's a chance, noting Yellen "is very careful about disruptions." The coming FOMC meeting is Bernanke's last as chairman. Recall in September's surprising no-taper decision, a key reason cited by the Fed was a sharp rise in interest rates. This time, it's stocks and a whole slate of currencies selling off. While the bar is high for the Fed to deviate from its gradual-taper course, it's worth remembering how stress in financial markets have a place in the Fed's equation.

look or rather hope for some support for dow at ~16020

================

modest dow long at 16090
i smell dinner at the Waterside :-) ..... but a way to go yet, remembering the size of the last bill!

Strong dollar with emerging markets being sold off... I'd assume that profit taking on fx is causing the sell off, either that or its fear of default as emerging market bubbles near the burst... Short indicies and markets long gold and anything unimpaired always resemble the begining of a crash...

Well weve got that pull back youve been looking for before since xmas Cyners.

Its a case of where it stops now.

Shortie - from earlier - Emerging currency panic forces central bank action

(Reuters) - Central banks across the developing world waded into currency markets on Friday to try and stabilise currencies that were rapidly depreciating in an emerging markets selloff.

The Turkish lira hit record lows despite an estimated $3 billion (1 billion pounds) of intervention during the previous session. The rouble and the rand languished at levels not seen since the 2008-2009 financial crisis.

"It's a general weakness in those emerging market currencies - rouble, rand, lira - where the market has a view that the central bank will not act properly on market weakness," said Ulrich

if i knew that sticky, i wouldn't be sitting in uk, but rather in the sunshine of the windies or similar

What about Blackpool...... lovely fish and chips.

And full of thick northerners.

ooh thats not nice.,.

Is that bearish MACD divergence on your chart, Skinners? The price is still above the trendline though.

Its looking that way - after quite a long run though!

Not before time :- Pair jailed over abusive tweets to feminist campaigner

Just closed all FTSE shorts and taken profits.. Best trading week this year yet!

Well done Shortie - pint? :-)

Nice one Shortie :O)

Thank you guys...

Still have open positions (long futures) GKP, TRK, UKCM, PKM, FTO (short) IMG only... Have a good weekend..

.

lost my "dinner" back and rather more more last night, so very silly me :-(
if i'd paid attention, i would have shorted when 16020 was breached sharply, but that is still prob a good bet i'm afraid