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

Gold maybe, which seems to be strengthening, or currency markets, buying the Japanese yen.

george - i have never understood the strength of € ...... i understand the loss of value vs $, but the only rationalisation for depreciation vs € is fear of the referendum outcome

Yes that certainly has to come into it cynic, but I wouldn't have thought to the degree it has. It is somewhat perverse that the UK economy is performing far better than the Eurozone who are also QE'ing (neat word) but the Euro is strengthening against the £
2517

I don't understand why everyone was happy yesterday, and unhappy today. What is changed apart from media coverage and playing with DOW future to gain momentum?

Isn't it fear, fear fear, after greed greed greed??

just a silly .....
DOW is currently 15,690 (-330)
where will it stand at 14:35?
where will it stand at 16.35?
where will it stand at 21:00?

5682 ıs around 20% from last May hıgh. Now do you feel lucky and step back ın?

I have gone long FTSE 100 as no doubt the FED wıll be forced to add some magıc

potıon for a few days feel good factor to help a few get out before the slaughter

contınues through thıs year.

I would sell in to any bounces that occur because i think we may have further to fall ,would be pleased to be wrong .

guessed the first part of my question wrong as i though DOW would be lower than 15,690 (it's 15,740)

so let's have a stab at the other 2 .....
16:35 = 15,700
21:00 = 15,850

Are you bothering to trade DOW cynic ?

too damn scared .... it's pretty much unreadable

Certainly wouldn't risk leaving any overnight trades open. Unless you are shorting stocks the only game in town for me anyway is scalping UKX.

Mayhem !
The trouble is a bounce will be violent and the same the other way.

i've seen bricks bounce more than the current indices

Ah well the bigger the falls the sooner we get to the bottom, any idea's where that may be?
2517

no idea at all; arguably there could be quite a long way to go, like 15,250 on DOW

meanwhile, Brent has broken below $28 and WTI is barely above

What about the Italian goalkeeper Fibonacci, will he save us?
2517

cynic - 20 Jan 2016 15:53 - 19716
i've seen bricks bounce more than the current indices

Did they fall on someone's head ?
:)

here's a brave CEO going public with his view of 2016 ......

“At the beginning of this year, things look a little bit better,” Nils Smedegaard Andersen said in an interview. “We do expect the Asia to Europe business to develop better this year.”
Maersk’s container line, the world’s largest, suffered last year from a toxic cocktail of too many vessels just as global trade sagged. While the industry still needs to address overcapacity, the demand side looks better, Andersen said.
“We find it difficult to believe that the European trade will continue to be negative in 2016,” the CEO said, speaking at the World Economic Forum in Davos, Switzerland. “A competitive euro and very low energy prices are good for the European economy so Europe should start to pick up consumption-wise this year.”

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

but others may be much less certain .......

China’s slowing growth has crushed shipping rates to such an extent that hiring a 1,100-foot merchant vessel would set you back less than the price of renting a Ferrari for a day.

Rates for Capesize-class ships plummeted 92 percent since August to $1,563 a day amid slowing growth in China. That’s less than a third of the daily rate of 3,950 pounds ($5,597) to rent a Ferrari F40

reverting back to my "silly" .....

guessed the first part of my question wrong as i though DOW would be lower than 15,690 (it's 15,740) at 14:35

so let's have a stab at the other 2 .....
16:35 = 15,700 .............. ACTUAL - 15,640
21:00 = 15,850

DOW now 15,550 (down 460)