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

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

Are you defending your Mates?


Hope you are wearing one.

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

Certainly does obviously more to this then meets the eye.

DOW New high,

quite so, and i am long here (DOW)

took profit on DAX late yesterday as was unsure whether or not 12,900 would hold ..... it has and more, so have dabbled long once again

FTSE i continue to avoid

DOW
banked nice long profit on 50% and have reversed DAX so now (overall) running small short

DAX
closed DAX short for ok quick profit

DOW
looking very shaky
a couple of days ago, it broke quite smartly through 21,500, but yesterday it stuttered and dropped below that by the close
there was a half-hearted attempt to go back north earlier today, but has now fallen back quite sharply to just above 21,400


DAX
to some extent has mirrored DOW, its upper limit being 12,900+ but has now tumbled back to 12,750
this does not augur well for the bulls