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

DOW
opened a small short last night which was at b/e at close so left it running ..... big smile


GOLD stocks are surprisingly muted

Interesting to note that near the end of Feb bounced off 25DAM crossed above 50DMA and since then has remained above 50DMA creating higher highs and higher lows.

Big fall overnight, but again so far intraday has failed to go below 50DMA.

Can it last? Answers on a post card :0)

DOW
currently standing still at about the o'night lows
the following is likely to galavanise one way or another ......

The Commerce Department is due to release its first estimate of U.S. first-quarter growth at 8:30 a.m. in Washington this morning. Expectations are for annualized 0.6 percent growth in the January-March period, which would be the economy's third successive awful start to the year. Initial jobless claims data, also due at 8:30 a.m., will be worth watching as the recent numbers there have been setting lows not seen since the early 1970s.

Dow down, hoping that continues and the Ft100 follows on tomorrow.

Finished -210.79 -1.17% excellent.

agreed ...... dithering, i missed adding to short position at 18,030 in the late (uk) afternoon, so thought i'd missed my chance
never mind

Thats the good thing at the moment, you can get it wrong but if you wait long enough it turns into a winner -):

DOW
TIMBERRRRRRR!!!!!!!!!!!!!!!!!!!!
already down 130 and challenging 17,700 level ..... 17,775 was the important support level

if there's no recovery during the evening, there could be much blood on monday (not a hol in us)

Very good news.

I missed out on the DOW ,left it alone because oil kept going up.

FTSE
remaining surprisingly solid, but that could be a distortion due to the preponderance of miners that have done quite well today

Looks like my short will remain in place over the holiday unless the FT moves down before the close.

DOW
now crashed through 17,700
will it stay that way?

I hope not, ft did move down a bit at the end but not enough for me so holding over the W/E.

of course you want DOW to stay below 17,700 .... if it does, FTSE will follow suit in due course

Yes it does usually doesn't it.

FFS LOL!! Stan have you read Trading For Dummies? I can recite it page for page :0)

when wall street closed last night .....

GOLD = $1293
unless this collapses on monday, surely tuesday must see some strong preformances from gold miners on FTSE


DOW = 17,775
this was a recovery of about 80 points
more importantly, this brings us back to a key level so it will be important to see which way trading goes on monday


FTSE = 6,258
still remaining within a very narrow and directionless trading range

fwi, Sunday Dow (IG) currently showing -27 at 17,557