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

LOL... Yeah, indices might go a leg lower as short term support now being strongly tested.. You never know what the bell will bring.. 9800 on Dax appears to be holding for now.. 17680 Wall St, 6530 FTSE are my support points.

unbelievable gyrations on dow
was down about 200 when i left the office about 45 mins ago .... now down only 70 (17780)

dow
17680 support now easily broken
where next you chart whizzes?

Its at 17670 right now so wait and see if it tries to go lower and recovers back to around the support mark.

17653 :-)
where's support now, always assuming this isn't a tease?


i suppose 17600 is a good psychological level, and i know it was certainly a resistance point

.

yum yum 17500 next to breech :-)

Palladium is acting very strongly in a sea of commodity red.....

London?

not entirely sure what it's used for, though it has one esoteric use for attracting moisture (i think) from between the walls of cryogenic tanks

Catalytic converters on road vehicles and also fuel cells.

30 day palladium and daily chart.......see here.........

http://www.kitco.com/charts/livepalladium.html

hmm ..... ftse has failed significantly to hold this morning's early gains - now down 40 at 6467 having been as high as 6520 at some point

similarly, cash dow is now only +30 at 17565 having climbed just above 17600 earlier

DAX short @ 9827.8, Wall St short @ 17563.5

9809.2 DAX closed +18

closed ftse short +14

may try dow long if i can be bothered to concentrate

17643 gone short Wall St again

bugger .... had to answer an e- and missed out

House of cards, another 20 and I'll short again.

17752 sold again last one. Average 17652.8 which will do.