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

Well I'm long USD/JPY (OK so far), long AUD/CHF - not looking so clever, although I had another smaller limit long closed out profitably overnight.

Cashed the Yen in for a small gain, just have two GBP/USD positions left. Also short Wall St 16435

MOSCOW/LONDON, April 28 (Reuters) - The United States added Igor Sechin, the head of Russian state-controlled energy company Rosneft ROSN.MM , to its Ukraine-related sanctions list on Monday. Sechin, who was included on the list posted on the U.S. Treasury Department's website, is a powerful ally of Russian President Vladimir Putin and is the most senior energy executive to be targeted by U.S. sanctions so far. The sanctions did not name Rosneft itself but shares in the company fell after the announcement. At 1455 GMT, Rosneft's shares were down 1.9 percent on the Moscow stock exchange, compared with a 0.9 percent rise in the Micex index. Shares in British oil major BP BP.L traded down 1.5 percent following the U.S. government's decision. BP holds a 19.75 percent stake in Rosneft. Seven Russian officials and 17 companies were included in the latest list of sanctions over the Ukraine crisis. Rosneft jumped to the top of the global production league last year with its $55 billion acquisition of rival TNK-BP. Full list of sanctions here: http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20140428.aspx

Stopped out of AUD/CHF, closed out USD/JPY by limit for a nice profit. Profitable day, but only just. Looking for another USD/JPY position to run tomorrow, probably long but I'm expecting a slight pullback first.

I opened a further short on Wall St @ 16493.5 to now average 16464.2

16493.5 closed @ 16478 +15.5

Does anyone know of a screener to highlight shares trading at a discount to NAV?

I looked at these this morning and was tempted to have a punt @1110.39!!

Sharescope?

As a matter of interest, I've just come across this website www.tradingview.com. Not sure how it works yet but looks very interesting.

Seymour, your link isn't working - do you mean here?

TradingView

here's an interesting one for you ......



not sure why today's dive, though this index is certainly a bit lively, but if the 200 dma is hit, then perhaps buy for the rebound

RB won't be helping!

On edit :- nor BDEV, BWY, BKG....

Yes, that's the one. The USD JPY trade I took was based on this which was a link from theworkingtrader on Twitter.

No, yahoo do some decent earnings screeners but not against NAV. You'll probably find that if you search for negative EPS your end up with all the companies that have a Market Cap less than NAV.

Ok thanks chaps - that 100 year DOW chart is interesting (I think!).

question was effectively why the plunge in the constituent stocks!?
anyway, i think the argument remains the same

I think builders are generally out of favour atm due to worries about the proposed mortgage criteria and coinciding with a disparate grouping of shares all falling by more than the market?

RB., AGA, IGR, GWIN.

One for you Cynic
http://www.ft.com/cms/s/0/387d448c-c191-11e3-b95f-00144feabdc0.html?siteedition=uk#axzz30CCzpKu6

personally, and as i have written before, i think this mortgage thing is a bit overblown
the additional precautions are actually little more than should be taken by any prudent lender ..... unquestionably HUGE numbers of new homes are still required

RB is by far the largest constituent of the index with a market cap or £35,713 million - second is PSN @£4.016 million.