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

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.

StockMarketWire.com
US initial unemployment claims rose to 265,000 in the week ending 12 March - an increase of 7,000 from the previous week's revised level, the US Department of Labor said today.

DOW
just sniffing through 17,400 which is a likely resistance
tempted to short, but not sure that i have the balls

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

and very thankful that i did not
confess i wasn't remotely tempted to go long!

DAX
not an index i have dealt in, but i keep an eye on it

whereas DOW in particular has continued to race ahead (oy weh!), and even FTSE has tagged along, DAX has gone south, with even an implication that it could continue that way

You may know about this already but i thought it worth posting .
-----------------

From Monday 21 March 2016, the London Stock Exchange (LSE) is introducing a new auction to all stocks on its automated trading system, SETS. It's designed to improve the efficiency of the market and regulate the pricing of stocks that trade through SETS.

So what’s happening?

Every trading day, a pre-market and post-market auction takes place that helps determine the opening and closing price on an underlying stock. The new auction will be in addition to those that already take place and will start at midday each day the Exchange is open*.

During the auction, any stock that trades on the SETS system will not be available for 'Quote and Deal' orders. We expect it to last for a minimum of two minutes although the LSE have said the longest period might be up to 16 minutes.

WHAT..... no posts..... where you gone??

me?
sitting on my hands while the markets defy gravity .... or at least that's my view

That's ok then. ;)

.

Indices all over the place again .

but in a surprisingly narrow range

Yes i expected more carnage .

US existing home sales declined in February
Compared to a level of 5.47 million in the prior month, existing home sales in the US dropped 7.10%, on monthly basis, to a level of 5.08 million in February. Market anticipation was for existing home sales to ease to 5.31 million.


may not have much effect, being overshadowed by brussels

Hangıng around for the bıg red daıly candle to appear. Whenever that mıght be. Certaınly not goıng long from here.

I am short FTSE but only around evens give or take a few pts.
My first attempt at a trade for several weeks .

the markets really are amazing - dammit!