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'm still short FTSE....

After it spiked after hours I decided to close and managed to get out almost at the low by sheer luck.

I didn't go long though!

10 minute starting to look tired.

Gonna hold short for now, the bull case is above 6600 and its struggeling to keep its head up right now.

Durable goods @12:30.

Finger hovering.

Short @6636.9

ichey finger Skinny?

It was the kissing MACD!

OK - I am long on the FTSE at 6620 and I am watching the DOW on a continuous upward trend since 8am this morning - but the FTSE seems to be hell bent on going in the opposite direction. I have a stop at 6630 - so I guess it will hit that then bounce - which is what normally happens when I set a stop !!!!!

Any reason why the divergence ??

Not on a 10min chart, no, anyones guess..

Closed for +6.6 for now.

bhunt - you could move your stop back to b/e. No win if it hits but no loss. Depends on your timeframe.

edit - I guess it's already been hit - so it's hypothetical.

Thank you Mr DOW :-)

been out, but having seen dow, does one assume that the 2 sets of numbers were not pretty?

FTSE shorts all closed now..

;-)

Getting trounced on the Insurers again today, but just closed an intraday long on PHNX +80 - which helps.

I'm slightly down today, FTSE -26pts currently, EUR/GBP -15 pts... Not the end of the world, didn't really want to carry anything over buy think I probably will.

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