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 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.

Whats a prudent lender? One thats underwritten his loan book tightly??

Small Data: Check for fifties under the mattress

Also if you increase the supply of homes on the market then effectively as you've increased the potential for borrowing lending rates fall..... Agree there will always be demand for housing but supply also needs to be tightly managed.

certainly no lender likes "jingle mail" for very obvious reasons

currently, i assuredly see no signs of surplus stock, and as the economy continues to improve, so too will demand, whether for home-owner or buy-to-let