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

A hanging man yesterday - although after Tuesdays's fall, its not strictly in an uptrend??

TSLA
glad my holding is :-( small .... what a walloping

Electric cars ,just don't cut the mustard yet.

The wires are a trip hazard to pedestrians.

Short FTSE @6,829.5

Boring day. Still think the Ftse will hit 6870 today/tomorrow so the wait is on. Cable not doing anything either.

Everything i'm in is boring zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Lol. How'd that happen? I'm hoping for a typical May, sell sell sell and go away. What a shit day too. I think Dow will test 16600 this afternoon then fall away 50 -70 pts.

i'm still short dow from yesterday evening .... it's about 20 points out of the money, but neither here nor there

I've added Tesla chart and website to this thread

Tempted to short the DOW 16610 right now and looking like it could push higher again... Hmmmm

I closed earlier +25 and am looking for a break of 6,860 to look again.

added to short at 6608, so combined about 16555 which is now in the money

==============

TSLA
bit the bullet, and i note it's gone lower since
it was a bit of a silly punt in all honesty

Missed playing the DOW as not been at my computer. Should break and fall tomorrow anyway so I'll have another look before the open. FTSE surprised it didnt push up with the DOW, maybe an indication that no support at higher levels. Looking at the 225 8hr + daily are trending down. No reason not to be short indicies at the moment. Cable hourly also now confirming a short play. :-)

Missed playing the DOW as not been at my computer. Should break and fall tomorrow anyway so I'll have another look before the open. FTSE surprised it didnt push up with the DOW, maybe an indication that no support at higher levels. Looking at the 225 8hr + daily are trending down. No reason not to be short indicies at the moment. Cable hourly also now confirming a short play. :-)

TSLA, I was looking at it earlier. Under 160 I think is the price, problem is its trending long term a wide range and you bought at the upper end of the range. Difficult call trying to pick breakouts Cynic, you cant win them all.

+25 well done Skinny, I've had nothing but trimmings all week. I've only just made back this weeks FTSE divi!!

Thanks Shortie - more luck than judgement as I had to go out so put a limit in - it was filled with a couple of points to spare.

BP Proved to be a good ex-divi play this week for once, but then so would have BA. & ULVR!

Euro steadies after slumping on dovish Draghi comments

(Reuters) - The euro struggled to gain traction on Friday after dovish comments from European Central Bank President Mario Draghi the previous day sent the currency tumbling from a 2-1/2 year high.

The single currency held steady at $1.3839, having pulled back from a peak of $1.3995 set on Thursday on trading platform EBS, the highest since October 2011.

Draghi said the euro's strength was "a serious concern" and that the ECB bank might act to stem falling inflation at its June meeting, signaling possible easing.

Before Draghi's comments, the single currency had surged after the ECB on Thursday kept monetary policy unchanged as expected.

DP of IC's view on things today: "Once again, equities have failed to break up out of their recent ranges. These sort of markets are tedious and potentially costly to trade. As a trendfollower, I find it hard to operate when the indices merely chop in each direction. Probably the best course of action at this point is to wait for another rally from the bottom of the recent ranges, or a decisive escape to the topside. The best-looking chart right now is that of the FTSE 100, although I cannot see it building on its steady-looking uptrend if the US is not doing the same. In any case, I would keep positions small and not chase new ones for now."

Harry - he/she is so insightful!!!