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

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

to plagiarise a very old tv lager advert ..... follow the bear :-))

banked profits on both FTSE and DAX positions, and leaving DOW to run at least for now
that index is at a very critical point and may even close that later on

bears look that they may be taking a breather

while you guys have been asleep at the wheel .......

i sold the last of my DOW short at a very small loss this morning and have been long DAX - and very profitably even if i say so myself

have now sold 50% of that, but it is no time to get greedy, so not sure for how much longer to hold balance
having burst north through one resistance at ~9635, the next is said to be at ~9750, but not sure that i'll hang on that long

Late sell off agaın ın US.

i was playing golf yesterday ..... any particular reason for yesterday's late sell-off?
am currently neutral on indices

Take your pick.....could be China, Japan, Russia, or the US to blame, but this seems to be the most likely culprit:
"Stocks slumped with oil and industrial metals after central bank meetings in the U.S. and Japan spurred concern the global economy is losing momentum. The yen soared after the Bank of Japan refrained from easing monetary policy, rallying with gold and sovereign bonds."
Though I think Janet Yellen statement also contributed!

have made a bit today by shorting DAX and DOW, but am now out, or at least for the time being

levels on both the above, and also FTSE have either bounced off critical levels or are close to them

hard south is still the likely call going forward, but we all know how horribly wrong these racing certainties can prove

Approx 2% jump in the FTSE expected due to increased 'IN' optimism.

20761- as i said

i feel that everything is too far and too fast and that certainly before thursday, there'll be some consolidation or whatever ..... but very difficult to judge and probably far too dangerous to risk cash :-)

One poll over the weekend and its a done deal!!!!!!!!!!!

FTSE
just crept through serious barrier of 6235

This is all about the referendum now .

so expecting "remain" to carry the day, i have bought a few LLOY

but have chickened out this morning for a very small profit

WINE
has taken quite a pasting since their figures, so may be worth a thought for friday


MARKETS
despite the closeness of the polls, the markets are becoming ever more confident that "remain" will win - with which i concur

I may be totally wrong (nothing new). If the Dow and Ftse have rallied because the consensus is that we will vote remain, then so be it. If that forecast becomes reality, despite the fact that the world is a basket case economically which is the remains argument then sell the news imo. Ditto if the result is out.


Playing in a bowls match today for the Seniors, those guys (on my team and against) are voting remain, they are retired, pensions in place don't want to disturb the status quo, i get that. Basically they don't give a shit and have a 'I'm alright jack attitude' I get that too. God help my Grand Kids if we vote remain.:0)