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

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.

not trying to be clever from afar ...... it's difficult enough when in uk, though i have a small running short in both ftse and dow

i see an air egypt plane has just been blown up (probably) in egyptian airspace
that won't do much for the markets nor TCG and the like in particular

Another bad start (dependıng on your poınt of vıew)

Miners (including Precious Metals) and Oil all taking a right battereing today so far.. stay out there Alf there is nothing to gain by coming home yet -):

FEVR
avery jolly sight today in a sea of red :-)


DAX
closing in on a level at which to short = <9,800

shame i didn't have the balls to extend the shorts i already hold in ftse and dow, but too dangerous when so far away


GOLD
surprised that is so weak, but i dare say there's good reason - eg imminent rate rise in usa
however, that rise will assuredly be small so maybe a good chance to go long just after the event


REFERENDUM
odds on remain getting ever shorter according to IG betting

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good reason to stay out here is that it's a damn sight warmer
i hear uk is distinctly chilly