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 certainly is very tight.

your rectum or mine, he asked quizzically :-)

I was referring to your wallet.. what else -):

I'm saying nothing .

FOMC
very curious ...... Dow seems to like what was said, but gold has rocketed $20 to $1250

personally i'm surprised dow is even up as there didn't seem anything unexpected
JY's comments now awaited

Bloomberg -"Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the U.S. economy.
The Federal Open Market Committee kept the target range for the benchmark federal funds rate at 0.25 percent to 0.5 percent, the central bank said in a statement Wednesday following a two-day meeting in Washington."

what on earth is the logic being JY's remarks, Dow zipping up, and ditto gold/silver and copper?
all seems totally cockeyed to me, but still

Not traded thıs rally. Once everyone thınks ıts safe to go back ın the trap door will open agaın!!!!

i thought it was just me
these markets scare the hell out of me ..... it all feels wrong

Needs following closely alright at the moment.

I'm thinking the same as Claret .
If i had to go one way i think a short would be my choice .

both Dow and FTSE now back in negative territory, but this also happened earlier yesterday

GOLD
i don't think i'ld be a buyer at the current levels, though would be happy enough to hold, or even bank some profits


DOW + FTSE
just shows the total unpredictability of these markets
first thing they were approx +65 and +35 respectively
as i write, they are -80 and -45 respectively

Ex-divi day today plus, at some point, UK investors may be squaring up their tax liability for the year end, bearing in mind that the next two weeks are short weeks due to Easter.

and the Dow?
imo, that is the one to watch, or perhaps S&P500 though i don't really follow that

No idea....I am just trying to randomly throw some tenuous logic into why the markets are moving in any direction :o)

Let us know about your findings please. It usually fluctuates at the start of change in direction. Asian currencies recovered well over the last couple of weeks and Oil has been settled within a range.

so which direction are we looking to change to now?

If anything i'd be short but could be completely wrong.

Hmm, I think it will consolidate around here and gradually move back up.