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

US Market down again.

Next week 17500 might be support for a bit.

DOW
just an attempt to rationalise after the event .......
from afar, i noticed an early attempt to rally, with arguably a double top forming for the day by about 15:00
thereafter, it was all sharply south

was there actually any good reason, or was it just a belated realisation that all is not right with world economies?

anyway, unless there is a sudden change of sentiment over the w/e, monday in london could be a pretty bloody affair - unless you hold FTSE short already

i may be tempted to extend my small position thus, but recognise the danger when it cannot easily be monitored

Billions being removed from the market last week according to the FT, another interesting week ahead no doubt.

sounds good to me :-)

May get a turnaround sometıme soon. Not for long though I would expect. After 3 down weeks some stocks mıght rebound a tad.

US turned North for a day at least. May be a bıt more before the next sell off.

i agree ....... with referendum getting ever closer as is the margin between the two camps, a very volatile time must surely be in prospect


interestingly, the IG betting on the referendum result is now more firmly of the view that remain will prevail than i have seen before

I wonder how IG make their book because i don't think anyone has a clue how this is going to go , it is totally different to an election.

grand old duke of york etc :-)


by the way, the insurance rates for hedging against leaving eu have risen quite sharply

Place your bets.

FTSE
i see it's currently resting on a fairly important support/resistance level, so watch carefully in the morning

meanwhile, both DOW and DAX have broken significantly south

Dow -1%

All to do with this, I believe, but not I am not yet up to date on current markets:
FT - "The Fed is giving the markets the signal it is prepared to wait for a (hopefully) higher build-up in realised inflation and inflation expectations. That has been understood and absorbed by the markets, after so many dovish interactions with Fed Governor Yellen. This underlying ‘understanding’ is manifesting itself via further flattening of the US curve (on a 2v10s basis), as some of the inflation measures inch higher. It is an unstable equilibrium, but it is working for now, as the US economy continues to send worrying signs of deceleration. That could change over the next summer months, as US economic surprise indices try to stage a rebound. For the moment, we remain deeply concerned with the ability of core Central Banks to respond to any potential dip in economic data. Today’s CPI print will be a litmus test for global fixed income."

Sounds good enough to me.

so then, a mugs' rally 2 nights ago, and thn the bears bit back with interest

meanwhile, FTSE stays surprisingly firm, but i suspect that is not a reflection of most shares but rather the oddity of the composition of the FTSE

all heading south :-)

am now looking for an entry point to short DAX

Another narrow trading day, how consistent.

having written the above, about 30 mins later i thought i had misread
however, on returning from dinner - it's 22:45 here - i see that all has collapsed once more
any specific reason?

Nıce moves ıf you catch them.