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

Glad I got this thread going again, I like to read the trading that goes on, reminds me of my earlier days. Keep the good work up.

Is this the beginning of a sustained downturn?
Bought some shares in BQE a few weeks ago in case the EBOLA threat is eventually taken seriously. Can't see what's driving things down otherwise, unless the thought that the bubble of cheap money will soon pop. I would be tempted to sell into the rally rather than catch the bottom at the moment.

6,700 and 15,600 both look vulnerable.

Agreed Skinny - Look out below!

have just shorted ftse at 6696.6 on the basis tht it'll fall much further in the morning as margin calls and forced sales kick in

6650 now and expecting support to start kicking in

Dax testing support also...

9223 gone long on the dax

9233 closed +10

9213.5 long again

9216.8 position closed... too soon!!

FTSE 6649.8 gone long

Shortie, I'm long @6644 having gone long earlier @6689.5 (stopped @6670).

wrong thread.

Only got a small bet on the FTSE Skinny, DAX has my attention, will be in and out of it all day if the 5min continues like this.

FTSE 6649.8 closed +18.25

9275 Long DAX

WASHINGTON, Aug 1 (Reuters) - U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday. Data for May and June were revised to show a total of 15,000 more jobs created than previously reported, showing underlying momentum. July marked the sixth straight month that employment has expanded by more than 200,000 jobs, a stretch last seen in 1997. The one tenth of a percentage point increase in the unemployment rate to 6.2 percent came as more people entered the labor market, a sign of confidence in the job market. Average hourly earnings, which are being closely monitored as a potential signal of reduced slack that could prompt the Fed to raise rates, rose only one cent. That left the annual rate of increase at 2.0 percent, still well below the levels that would make Fed officials nervous. Fed officials on Wednesday cautioned that "significant" slack remained, signaling patience on the rate front. Economists polled by Reuters had expected payrolls to increase 233,000 last month and the unemployment rate to hold steady at 6.1 percent. The cooling in hiring is unlikely to change perceptions about strong economic growth in the third quarter. The economy grew at a 4.0 percent annual pace in the second quarter after shrinking at a 2.1 percent rate in the first three months of year. While restocking by businesses lifted the figure, growth is seen remaining sturdy for the rest of 2014. The employment report, already closely watched by financial markets around the globe, is set to garner even more attention in the months ahead, as investors seek to gauge when the Fed is likely to raise benchmark interest rates from near zero, where they have been since December 2008. Most economists look for the first increase in the second quarter of next year. ECILT/US The jobless rate has declined from a peak of 10 percent in October 2009, but much of the drop has been because Americans have left the workforce. The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, increased to 62.9 percent in July after holding at 62.8 percent for three consecutive months. A broad measure of unemployment that includes people who want a job but have given up searching and those working part-time because they cannot find full-time jobs edged up to 12.2 percent after hitting its lowest level since October 2008 in June. Job gains were broad-based in July. Services industries employment accounted for the bulk of the gains, adding 140,000 positions. That compared to 232,000 jobs in June. Manufacturing payrolls increased for the 12th month in a row, adding 28,000 jobs in July. Construction jobs advanced for the seventh consecutive month, with July payrolls rising 22,000. Government employment increased by 11,000 jobs. The length of the average workweek held steady at 34.5 hours.

Closed @6672.6 + 28.6

Well done Skinny, I closed a little soon.