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

if upward momentum is to be truly under way for dow, then it needs to get another 120 points under its belt, and to hold there

Turnaround Tuesday !!!!!!!!!!!!

The delightful Dow is up 52 as I post.

More like it

+103 now.

http://www.wsj.com/articles/europe-stocks-rise-ahead-of-fed-interest-rate-decision-1450084339

Is it this ..............



Or this ................

both dow and ftse currently at very "interesting" levels
for further impetus, we probably need to see both breaking further north

whether or not there'll be some sort of sell-off following the news of the us rate rise tomorrow is a great unknown ...... and even if there is an immediate reaction (in either direction), will it just be a short-lived knee-jerk?

Personally think that the rate rise over there is already priced in, and that a quarter point rise will have no effect when confirmed, but we shall see.

on that basis, are the markets (still) o'sold, especially dow?

Yes they are , but we need oil to pick up to get the rally going

the markets are obviously anticipating some major fizz across the pond

cash DOW currently showing +115 at 17490 and dragging FTSE along on its coattails (+105 at 5980)

i shall be very happy indeed if those levels are held throughout the session ..... perhaps relieved would be a better choice of word

DOW
assuming the opening is not just a flash, then 17625 is the next level to hope for

Looks like we will be finishing on a high today which bodes well .

Told ya in post 19062 {19068}
wait for Tuesday

no you didn't .... you said monday :-))

DOW now trading in a very narrow range but finding resistance at 17580

answer below ...... convergence of 50+200 dma



17600 would be an obvious "round number" resistance, but if broken would also show the convergence well breached

chuckle
mentor would have been proud of my prescience, having called the above barely 2 minutes before the cork popped ..... we're now at 17,620 :-)

Predict FTSE down to 5935 until Yellin starts shoutin

Wounder if she will mention 'Sub-Primes' to dampen things a little