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

Footsie short x3 opened yesterday.

Sorry about the above fat finger.

DOW - keep a weather eye open for 20,500 .... currently just 100 points further south

DOW
had a limit at 20,500 for part of my short
that has been hit, with a subsequent small bounce in progress

Out of short x3.

DOW/DAX
....500 is common to both
keep watching

Looking increasingly likely that Trump won't survive, imo.
Nixon was impeached 30th Oct 1973, but can't find a chart old enough to see what happened to the DOW.

TRUMP'S BUDGET
today's FT absolutely slates the proposal ..... a short extract below .....

This week, the administration is releasing its first full budget to be sent up to Congress. Unfortunately, even for those who share its goals, it fails to meet the minimum test of seriousness. The budget relies on assumptions for economic growth that are highly ambitious relative to independent forecasts. It suggests cuts to social programmes that are almost certainly politically unworkable. And it appears to contain a basic accounting error arising from its incorporation of the benefits but not the costs of a separate tax plan.The internal incoherence of the budget suggests that it is intended as a message about Mr Trump’s instincts, rather than a practical plan. As such, it is likely to have little specific impact on deliberations in Congress.The message rests on three highly symbolic and highly implausible assumptions.

Non-Farm Payrolls were down yesterday but the Dow was not seemingly affected.

Where's Alf got to...not on Yet another "business trip" again is he.

Stan,

He has gone to arbitrate in Qatar.

"Trump claims credit for Qatar isolation"

As you always ask Fred ,what have you achieved compared to Trump ?

Decency!

...Well that seems to have put him in his place Fred.

Arbitrate?.. more like pontificate knowing Alf -):

just playing bad golf today :-(

DAX
which way will it head if tories get a decent majority?


QATAR
seems hypocritical for Saudi to fall out with Qatar given that huge funds are funneled from Saudi to Al Quaeda and similar groups