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

worth noting that FTSE, DOW and DAX are all showing considerable resilience
all were down quite a chunk after super mario's speech, but have now recovered above quite important support levels

Resorting to quick 20 or 30 minute forays. Still waiting for the big red daily candle to turn up.

Sell off underway.

but could you react fast enough?

Possible support here, but don't hold your breath.

DAX at 10,500 may be worth a punt .... currently 10556
and if memory serves me aright
DOW at 18,250 ...... currently 18,298

.

i guess the markets took fright because (a) it's friday and (b) one of the fed members said a rate rise could be justified

my guess is that there'll be no rise this month, and possibly not until after the presidential farces (perhaps i mean faeces)

Comment on CNBC today predicting a 6-10% downward correction on the DOW, assuming a FED interest rate increase this autumn. It seems the market wants to price in a rate increase before it happens, rather than react to the FED decision.

Not had a day like this for few weeks

DOW ultimately fell another 200 points to 18,030!
london will be a shambles (as in abattoir) on monday though it's only indicating being down 73 points

FTSE predicted to open -90 points.

clearly a lot of forced selling first thing this morning

the super-dooper brave may well pile in later, but i certainly shan't, even though i do not believe that US rates will rise in september

200MA is first port of call.

like i said, but equally i was never going going to try to catch that bus
very welcome nevertheless with further follow-through tomorrow assuming DOW does not fall back heavily at the close (currently +240 at 18,330)

DOW futures now -119.

curious ..... no obvious reason

DOW
dumped further at open, but now back above 18,200 which it needs to hold, and preferably recover above 18,250

Still going down a long way from here.