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

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

DOW now up 82 16482 ,sure is a roller coaster ride at the moment ..

totally bewildering
it's not even as if crude is strong - WTI is $31.65 - and to be honest, i remain very gloomy for 2016 across the board

both dow and ftse remain up, but it doesn't look very convincing

DOW
the last two days have been very strange
apart from the daily quite wild gyrations, on both occasions, the index has finished strong but collapsed quite sharply in the hour after

clearly nervousness of holding stocks etc o'night, but a caveat for index traders too

DOW's gone and spoiled it .

sure has .... currently down 100 at 16,410

as i mentioned earlier, technical supports are currently meaningless as they are getting blown away with ease

carnage on wall street - already down 220 to just below 16,300

i recollect 16,250 might be the next port of call
at least i opened a tiny ftse short this morning and may now extend it

Sooner we get to the bottom wherever that may be, the sooner we can start up again. We have been told repeatedly that the US market is overpriced, it's now unwinding.
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