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

A bad start to May

matter of opinion CD, i'm afraid

i'm short both DOW and FTSE though not in any significant amount, and glad i held my nerve yesterday evening when DOW decided to celebrate along with leicester

i remain of the opinion that world economies stink and that the markets are currently rushing along in blindfolds ....... we shall see

My take too on World economıes cynıc. I am short Dow also. But the good nature ın me does not want another dısaster lıke the one a few years back.

Glad I kept my short open over the holiday and closed out with nice profit this morning.

Stan,

Lend us a few bob.

But not at Manuel's rates!


8-)

No prob's Fred, usually rates -):

DOW
admittedly the market is yet to open, but yesterday's surge has now been entirely wiped out and again 17,775 has been breached, albeit not by much

keep a sharp eye on this level for the rest of the day

Funny week with NFP at the end.

Mayhem out there at the moment .

lovely stuff :-)
one of these days FTSE will suddenly realise that it should be nearer to tracking DOW, at which point, hang on to your hat

sorry if you're long

DOW
currently teasing below 17,700
not sure where the next stop south might be ....... 17,500?

At the moment.. if in doubt do nothing.

Miners and oil getting hammered for the second day in a row.

Maybe the start of the summer downturn? Or maybe investors just taking profit on a sector which has done very well recently?

Keep an eye on Dollar Index.

Bit of both i think HARRY plus the EU ref looming won't help.

so you don't think there's also some realisation that all world economies are in trouble - ok china is growing at perhaps 4/5% thanks to continued dumping?

Miners and oil has a bearing on what your saying cynic.

don't care as long as both dow and ftse continue south
looks that some serious supports may get broken today, and if so, hang on to your hat