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

weak yen?

6545 gone short

11:51 EST - If Argentina were to devalue its currency, Citigroup (C) could suffer losses, say analysts at KBW. As of the third quarter, Citi's Argentine subsidiary had $4.2B in assets and equity was $749M, says the firm. If Citi were to write off the entire net investment in its Argentine subsidiary from 3Q13, that would be an impact of 17 cents a share, or 12 cents when giving the firm credit for its foreign currency forwards, says KBW. C down 0.8% at $48.94.

is this likely to happen?

Happened before>> Have a look on Wikipedia

but would this have a material impact on Citi, we think not but the knock on effect might prove interesting?

6528 position closed

talk about aotfs!
so suddenly dow is +20 instead of -100 at one point

talk about aotfs!
so suddenly dow is +20 instead of -100 at one point

Well done Shortie - I've had another +25 the other way - a strange concept recently!

Easy eh!

GDP up 0.7% in last quarter

FTSE tight range so far. Tempted to increase my stakes..

not sure what suddenly spooked cash dow, but it dropped about 70 points in a blink .... perhaps it's just early morning trading starting across the pond, and they didn't like AAPL or something silly

any ideas anyone?

Durable goods figures.

ah - not good i take it; in fact stinky at a guess :-)

US home prices show signs of topping out, with only slight improvement in annual rise
may not have helped either

Nice long trade on G/J this morning, but no idea now. Looks like it might be heading south but not going to risk anything.

6525 looking at that 200dma line looks to be the key. It's either going to bounce or we'll see a break below confirming a short position. My guess is we'll need a weekly close below.