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

Did i miss something ??

I refere you to post 19230 James.

good to see the resistances breached that i mentioned a few posts back, although not hugely
for all that, there remains plenty of ground to be made up from the 650 point collapse in dow last week - i think that was about the level

Dow 30.

Apple has not helped sınce enterıng earlıer thıs year.

for day trading on the indices, today should produce many opportunities, just as did yesterday

however, if you cannot sit in front of the screen, then it's a difficult call
trading is very thin so volatility can be expected
will there be a late sell-off either today or tomorrow as the markets come to a close?
are the markets heading for general recovery - they have fallen a long way - or is this is just a temporary rally as always seen in bear markets?

i really don't know

Trade what you see as they say.

Sell off ?? maybe worth a run in to new year ?? however i would take profits on indices .
Lot of catching up to do .

if stocks go up generally, then so of course do indices
i took money off the table last night as already posted, albeit that it turned out to be a bit premature
however, cannot be greatly attentive as am away until after christmas

albeit that it turned out to be a bit premature


Story of your life!

oh hohoho; how frightfully droll

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

now out of ftse but shall leave dow to run

Oh dear is that Fred over here as well ,don't know what he said as like Thatcher used to do with the IRA he doesn't have a voice with me ,he should cheer up it's Christmas ,not spend his life being an angry man ..

just one of his usual silly snipes jimmy

btw, just bought into IHG which looks quite good on the chart and is also a popular t/o target ....... we shall see

all spiffing stuff this morning
premature profit taken in FTSE again, but assuredly no grizzles as long stocks continue north and DOW longs looking tasty

Well my long FTSE caught back up ,shall close that before the session ends.

jimmy - worth flicking back to page 1 where there are charts for a number of indices, all marked up with 25, 50 and 200 dma ........ certainly worth keeping an eye on FTSE 250 and DOW, both of which are now challenging 200 dma ....... FTSE remains woefully short of same, and even 200 points light of early december high (tumbling crude price primarily the culprit i'm sure)

Cheers cynic , i am holding a few trades through xmas but really wanted to be out of indices ,i think the chance of a proper rally this side of xmas is over although today hasn't been bad .

Been out for most of the day, footsie comes good at last I see, along with the Dow up another 1%.. can we get some more gains for the half day tomorrow.

People closing positions for the 3 days including me I suppose, still another 2 1/2 trading days next week for the fts to look forward to.

Just looked at Dow futures and oil. Contemplating going short again reluctantly.

is NY open for biz this afternoon?
i think not