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

are you bullish the jimmy?
if so, i'ld be interested to know your reasoning

No i suppose i'm not at the moment . However i don't think we are looking at a meltdown similar to before.
Oil will undoubtedly rise again that i'm sure of .

When Opec are satisfied that they have stuffed the Fracking industry enough in the States.

meanwhile iran is about to open the taps wide, and though there has been a minor recovery o'night, crude is still quite easily below $30

Opec was on the verge of claiming victory over its North American rivals last night after its strategy of squeezing out the shale industry by flooding the markets with oil appeared to be vindicated. The oil producers' cartel said that falling prices would force lower production from its rivals by the end of this year, with American and Canadian producers particularly affected. - The Times

Be interesting to see if the ft holds the +100 mark and advances when the Dow opens today.

Oil putting on a hundred and odd points ,copper up , now could the FTSE push back over 6000 this week ,if not then it could be looking a bit dire .

5975 and 16,500 are the levels to watch for

both indices, especially the DOW, remain quite well below those, so the fairly brave may wish to try to ride the wave

Is the DOW going to go and spoil it today ..

it's certainly trying to, which would be very dull indeed

i am getting pretty uncomfortable with the pattern today's DOW trading is forming

US off down again to new lows this year

5 year FTSE chart requires no further comment

I've had better days.
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I've had better months ,this is crazy..

If anyone was watching Newsnight last night ,very interesting piece on shipping ,how a lot of these huge ships built recently are now transporting goods for nothing or standing in ports idle.

and i bemoan the disconnect between what i have been saying for months and my actions

Meaning ?

i have been saying for months that i see nothing but gloom ahead but have not been shorting the market

In October 1987 I believe the FTSE 100 went from 2400 to 1600 in a matter of days.
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