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

closed Dow long first thing this morning for a modest profit, but left Dax long to run, for most of it is counter-balanced by an existing short

small DOW long just opened at 20,537 as 20,500 looks to be holding well ....... no doubt it will prove to be a mug's punt :-)

I will send you a spoon.

8-)

only just logged on to see your latest ..... you're too kind :-)

actually, it's now not far out of the money, though i guess the timing could have been better yesterday

banked very juicy DAX long profit at 12,284 albeit that with hindisght, it was premature

still (ruefully) have very small Dax short running, but more than counterbalanced by the above

News
FTSE to open sideways as traders eye France's vote
.....
FTST UP 130 points

hahahahahahah love it!!!!!!!!!!!!!!

i agree - totally nuts as even the Sunday trading indices were well ahead

OR

FTSE flies higher on France vote result relief

hahahahahahahah

EUPHORIA
markets are very unpredictable and that needs to be borne in mind

it is by no mean certain that macron will indeed be the next french president, though i accept it is the most likely result

even then, there will be all sorts of horse trading to determine who will be the next pm and what coalition will emerge to run the country

DOW
all-time closing high is 21,095 and now only 80/90 points below that
pays yer money, takes yer choice

looks like another boring day as we head into w/e

happy to see both DOW and DAX dropping, though i'ld like to see DAX more enthusiastic in that respect

DOW
to reduce epxosure, just closed a small short position at an acceptable profit

DOW
gone long at 20,949, partly because i think there may some natural upside following the approval of the budget, but also a decent refuge of Europe strarts to go sour once more

good comments chris!

bit the bullet om 2/3 of my DAX short so am now now modestly long overall there and also modestly long DOW

DOW all over the place perhaps due to weak crude, but no real idea

fall in crude has really put the jitters on the markets
the apparent logic is that it indicates continuing worldwide economic weakness

if that is the case, it is even less clear why oceanfreight rates should be so strong
i know £ is clawing its way back to 1.30:$ but that scarcely indicates $ weakness, and indeed € is only just about back to 1.10
2/3 years ago € was at 1.35/1.40