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

banked 40 points on that trade as was cooking and hadn't a hope in hell of watching
no doubt it was all like a yo-yo for a while

anyway, i still have other FTSE and DOW longs running so no grizzles from here

"Dow to finish up about 300pts.. you heard it here first -):"

Finished up 224pts which is close enough.. Alf I want a cut -):

the only cut you'll have is circumcision - unless someone got there first :-)
hope you put money with mouth too


btw, of course there is an initial kneejerk reaction across the board, but what sector(s) will be the main beneficiaries?

banks would seem an obvious choice
for very good reason, they have been out of fashion for a long time and therefore may now be deemed as good value

any other suggestions?

"but what sector(s) will be the main beneficiaries?"

The Insurance sector, when the footsie goes up so do Insurance outfits (all things being equal) as we know.

it's not a sector in which i have dabbled and confess i don't understand why that should be even if it is so

Can't remember about why, something to do with the fundies maybe but as I say I can't remember off hand.

Footsie up the Insurance Sector up, footsie down Insurance sector down.. that's how it works (again all things being equal).

..Got it -):

Size of Insurance companies relative to FT100.

The low oil price could upset the xmas rally we will have to wait and see.

Thanks Fred, could be right James but my gut feeling is it won't.

was thinking of buying back into NXT, but then realised that with unseasonally warm weather, clothing sales will have suffered ....... so why does ASC continue north?

Still not tempted by Insurance then?

They might be selling lots of short sleeved shirts and shorts cynic , Decembers the new August :)

have just encashed nice FTSE profit and ditto for some of my DOW long
level has fallen a little below the 6150 support/resistance and DOW may also be slightly o'cooked ...... shall wait and watch

The DOW was short lived ,FTSE holding up though ..

OK Alf it's your turn today, hows the Dow going to finish tonight, I must know not later then 4.15pm today.

let's put it this way ...... you have arguably missed an entry point at 17,600, but the market is clearly in a mood to catch its breath

i very much doubt that DOW will close positive, but interesting to note that FTSE has remained comparatively firm

I thought you would be more worried on the 60 pips you need on the ftse Stan. :-))

Thanks, thats about what my gut feeling is saying, but we never know do we.

.. Behave yourself D/C you know it's in the bag -):

Stan needs a miracle to win the FTSE comp !!!

lol. Clearly on Stan's mind.