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

Closed @6,631.5 +65.5

Nice one Skinny! Beautifully judged.

edit - bought some RMG for my ISA @ 527.5 this morning. Fallen back significantly from the recent highs, and I think long term potential great.

Nice one Skinny...

Cheers Chaps - slightly tarnished by ESUR overnight out -19 and +13.3 dividend.

Oh well, its the way the cookie crumbles sometimes as you know.
I'm holding two FTSE shorts now waiting for a retest of 6540ish @ 6585 and 6640

I'm looking to short somewhere between 6646 - 6663.

I've missed a few plays waiting now, sods law though when you cover against and it keeps going.

Thankfully this thread has yet to be infected..

What's you view on post 15077?

Yeah it does look like a Doji, 16250 however you can see shows some short term support so it's not anything out of the ordinary.

Fed minutes later and a 2 week high on gold... The suspense..

You going short on the DOW Skinny?

No - just watching it atm and hoping to short the FTSE slightly higher.

Short @6652.5

Hmmm - perhaps nearer 6663 might have been a brighter idea!

My timing is impeccable:


Bought RMG this morning first thing, lunchtime this appears;

Royal Mail plc (RMG.L) has been notified by Ofcom of the powers under which it will conduct its investigation into certain changes to Royal Mail's Access contracts, following a complaint by TNT Post UK. Royal Mail believes TNT Post UK's complaint is unfounded.

Seymour - if its any consolation, it looks oversold and has bounced since the initial 'shock'.

Thanks Skinny, I'm really not that bothered, agree that it's oversold but I can afford to sit and wait even if it does go down a bit further.

Also OFCOM! really! Could be months before they say or do anything.