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

So do you hold and stay long overnight ?

maybe ..... not a good call at the moment, but small enough that i could easily afford to average down - even more stupid :-) ..... but have quite a good couple of days which has been fortunate

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

sure didn't expect 17,000 to come back into play as now looks a distinct possibility

Long for the night 17060 :)

chuckle
yes i note the recovery in the last 20 minutes or whatever ..... was marginally tempted to top up but did not

limited out at pre-set +45 .... it's gone a bit higher since, but no matter
more concerned that it doesn't all fizzle away

17180 is looking worryingly stubborn ..... time will tell

Put a stop on at 17100 got taken out in the night so just below 40 points. In hindsight maybe should have cashed in at 9pm with 108 points and here we go again we are at 17060 :)

Down we go some more ..

DOW
i don't know why this has turned so negative o'night (korean bomb?) but the question now becomes whether or not 17,000 will hold ...... i suspect not

Yep tis the bomb.

I think you may be right , FTSE / DOW may be worth buying again if they get hammered .

http://www.bbc.co.uk/news/world-asia-35240012

Another index shorting day alright.

And China maybe?

China is to extend a ban on stock sales by large shareholders until permanent rules to restrict such sales take effect, as authorities seek to calm market fears over the lock-up that was due to expire on Friday. China's blue-chip stock index, the CSI 300, tumbled 7% on Monday, raising the spectre of a return to the panic selling of last summer when the main index was down 45% at one stage. Analysts blamed Monday's fall on fears over the impending end of the ban, which was imposed in early July. - Financial Times.

Global stock markets could suffer further turmoil if China's slowdown continues, the International Monetary Fund's chief economist has warned. Markets across the world slumped on Monday, with the FTSE 100 recording its worst start to a year since 2000, after weak economic data from the Asian country. Maurice Obstfeld, who joined the IMF in September, said that further disappointing data from China could cause markets to fall again. - Telegraph.

Gone long FTSE

Whaaaaaaaat? -):

16,950 is dow level to watch and 6070 for ftse

my view is that both could well be breached even if not immediately and i fear with some ease
very uncomfortable times

meanwhile, against the above, jimmy's brave call may not be so stupid


jimmy - sorry to see you were a bit singed by dow last night, but can't win 'em all as you know too well
on the other hand, i'm delighted i was stopped "limit up" earlier in the evening

FTSE
above 6070, the next hurdle is technically 6125, but looking at very recent pattern, i think 6100 may prove quite tricky

Out at with the index up 80, now watch it go higher -):

cynic ,last night i went long at 17060 then at about 8.45pm or there about i was 108 points up so raised my stop to 17100 and got taken out at 17098 (in the night) so 38 points to the good .
However i went long this morning FTSE at 6100 so running about 40 points down at the moment .. Maybe time to go long again DOW plus my bread and butter buying some oversold stocks .