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

The head of the US Federal Reserve said on Friday that a rate rise would probably be appropriate in “coming months” if the US economy continued to improve, in the strongest signal yet that the central bank could tighten monetary policy this summer.

DOW
now tumbling sharply and through first support of 17,845 ...... 17,800 is next stop if no recovery


FTSE
still holding above 6,250 but one must ask for how long if DOW is falling sharply and the referendum fast approaches

PMI prınt below 50 yesterday ın US. Not a good sıgn.

.

FTSE
closed just below the important support/resistance of 6205, so banked a modest profit on that short


DOW
currently 17,786 which is very much betwixt and between
watch for a close or sharp move either below 17,740 or above 17,810

Edging hıgher agaın.

Dow at 18000 new hıgh soon?

Some shorts are getting squeezed in the US

FTSE has already tumbled and closed through an important support at 6,260 and DOW is also now close to tempting fate
in the latter case, watch for a move below 17,910

DOW
watch for that key level of 17,910 to hold or collapse
it's bounced from there a couple of times recently

DOW
already down through 17,910 but so far by not a great deal

however
DAX
9885 is the apparent number to watch here
it's certainly being threatened, and if that goes too, then hold on to your hats all round

Got small short runnıng from last nıght on Dow.

DAX
worth looking at the 10-minute chart
there seems no enthusiasm for a bounce off this critical level, but then it hasn't collapsed south either

Asıa markets down thıs mornıng quıte a bıt.

if DOW bombs this afternoon, then FTSE may get dragged below the critical 6,050 level
keep a sharp eye on this as it's already pretty close

DAX
booked another decent dinner with today's banked profit :-)

DOW
short position left running

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

since the above - and yes it happens that i did book my DAX profit too early - i note in particular that FTSE (post close) has crashed down through 6,050 support

US retail sales stronger than expected in May
+0.5% vs expected +0.3% and +1.3% prior


but no effect cash DOW
wait for opening bell

have banked profit on 50% DOW short
still running shorts (also) in FTSE, DAX and GKP

watch out chaps ......

DOW
just broken south of key 17,660 mark
if that remains the case through to the close, then tin hats or more