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

It was but 160 points goes some way to less stress over holding a FTSE long that i still have . Can't believe the mayhem still .

Off back down again

FTSE is doing bugger all within a tiny range
DOW is perkier and holding above 16,000 albeit that that is cash rather than trading

DOW futures c15907 at mo. Not much that I can see to upset the US market this week. Housing starts on wed and unemployment figures on friday. No doubt I will be proved wrong as just about anything causes a knee jerk reaction.

Hi Cynic,
Where do you get cash DOW?

http://www.ig.com/uk/welcome-page

Oil is recovering.
I think Iran delays oil production increase. They don't need the money as much... They survived 30 years sanction without $160bln asset release. They should be more clever not to waste their money that way.

don't forget that iran also wants to screw saudi

Saudi is screwing itself, from Human Right to Oil manipulation, etc...and that most terrorists were either Saudi's or were in Saudi before attacks. Even Osame Benladin was from there...
No need for Iran to do anything.

shia / sunni ..... sums it up

100% true .... and both Muslim!!! strange world

catholics / protestants ...... same thing

Had a dabble in the first hour this morning.

Waiting now for US to show direction tomorrow.

To be honest I am clueless to where its going.

This is quite hateful , are we near the bottom ? i'm holding banks and house stock, not too many , however i think i would like to be sitting on cash for the referendum later this year ..

charts for DOW and S&P would indicate there is the potential to fall quite a lot further

FTSE will be vulnerable to slumps in crude, china and america, and of course the upcoming referendum is scarcely a calming influence

at the final count, i would expect the referendum to come out as "in" and possibly by quite a decent margin, but that is still a few months away

that said, i am quite tempted to take my life in my hands and place a small DOW long to run o'night as a decent bounce is now surely well overdue

Don't do it.

i think you're right ...... when in doubt do nowt :-)

Futures haven't really moved at all today. Surely a DOW punt before the open is a 50/50 gamble?

Well done Alf.. now about that fiver you owe me -):