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

FTSE is now contemplating it's next resistance at 5970, for having had a quick dart through, it promptly fell back

suddenly cash DOW has exploded (upwards!) and shattered the 16,500 barrier
FTSE is limping along behind and has now crept back through 5970

Here we go ,now can it last ?

FTSE is a bit of a bugger for trading as the new resistances come thick and fast - ie next one is at 6,000 - a mere 20 points away, and after that at only 6010

DOW on the other hand, now has a technical clear run through to 16,700

I may be interested in the DOW as oil has put on a few points . DOW currently up 130

meanwhile WTI (or WTL if you prefer) is up a paltry $0.60 at $32.75

FTSE
its relative lack of life compared to Dow is very puzzling though perhaps related to crude scarcely moving north either

Oil going down now . FTSE/DOW more likely a short .

I really can see oil going sub £30 .

i'm certainly not happy to see DOW back below 16,500 and am considering banking the much smaller profit than i had earlier ..... have already done so with FTSE

ducked out and with it went a large slab slab of my earlier running profit ...... bollocks

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

so then
DOW
16,470 suddenly and somewhat unexpectedly reverts to being a resistance

Better out than it turning in to a loss , these are hard markets to play ,including stocks which i normally jump in and out of .

exactly so, but as always and with hindsight, got a bit too greedy ...... confess i thought 16,500 was going to hold ..... it did once, or perhaps twice, but then succumbed rather too easily

blast!
got distracted chasing a client for money .... was close to shorting DOW at ~16,455 but missed the chance ...... never mind

Went short DOW

US Crude dropping so staying short DOW for now .

I think it will reverse after 4:30

No i'm not ..Out 32 points .

ahoj , i'm not sure which is why my bottle is not good for indices at the moment .

DOW
going south, 16,250 is a potential target
however, as was seen in reverse this afternoon, supports/resistances have little value in the current climate, acting as little more than guidelines

WTI now just below $31.00