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

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)

all markets now roaring
with some trepidation i took out a minute DAX long but of course now wish i'd been braver :-)

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

but with everything now quietening down, i banked a modest profit on 80 points

if any are short $/£ they are being annihilated
currently $1.4920

markets just drifting back, i suspect more on lack of interest than anything else

just going out for 30, but shall take another look at DAX on my return as it's already below my previous entry point

DAX
have had another minute dabble long at 10,160

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

decided not to be greedy so was happy to bank 70 points though it's stuttered further north since

Well done cynic, you have bigger balls than me! Let's see what Friday turns out. Think were doomed either way but let's see what happens. Good Luck.

and BOOOOM!!!!!

Dow closes +210 @ 18,000
cash FTSE = +15
cash DAX = +70

and also
GOLD = -$7.50
£/$ = 1.4880


now what do you think that tells you?

Were fucked!

thought of taking a small FTSE long, but naughty naughty IG have slapped on a 20 point spread (it's usually 5 at this time of night) and ditto on both DAX and DOW

DAX now +110 and FTSE +45 albeit with that naughty 20 point spread

What a move.

I have had a short runnıng on Dow and sınce Monday and taken some paın but now ıts party lıke ıts 1999.

.

i think you can leave that running for a while