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

CNBC crew reckon exactly the same happened in Jan/Feb 2016. Obviously the traders had a pretty worrying time, but if investors sat tight then it all came good again.

madness.

This is not good. FTSE 100 AT 7100

Largest ever points drop in a day on the Dow. Obviously not in percentage terms.

I now have 5 longs on FTSE lowest at 7035. Average 7195.

FTSE currently being called to open at 7030 but I'm struggling to see that as oil and cable have hardly moved so heavyweights RDSB and BP. will hardly move too.

This would imply a 300pt fall on FTSE and most of that fall coming from the rest of FTSE. i.e. the whole of the rest of FTSE 5%.

Dow all time high = 26450. Fall about 2450 pts = 9% but that's a fraction of it's total move over the last year.

Fall on FTSE to 7030 would take us back to approx Jan and March this year. I suppose that is possible, but doesn't stack up with share price of RDSB, BP. and likely price of HSBA.


Think it likely/possible Dow will not rise much from here for months, or even fall but surely dividend yield in UK will support FTSE.

I don't know. Not so concerned about my FTSE long. It will be interesting to see what actually happens tomorrow and what price the buyers will come in.

I expect some of the algo's will be stopped out tomorrow which may cause some mayhem for a while

Around the 23500 level is the expected support for the DOW. It appears most of today's movement was due to retail investors, not institutions, but still heavy selling after the close.

CC, most of the Asian market futures are in the red.

Well going to call it a night. No point in watching it.

Regrettably long term I'm 100% invested although about 8% of it is on ALD which is subject to takeover so I could sell that as it will open tomorrow at the same price as today.

I'm not sure how Brexit is going to go this week. Can't see leaving the customs union being good for stocks but I assume that is in the price now.

Turnaround Tuesday!!!!

Main thing is not to panic, a good many of us have seen large sell offs in past years, and at much lower levels than these, so markets will bottom somewhere, and buyers will come back.

There is still much to be concerned about of course, Brexit, Italy, Interest rates and inflation but there was much to worry about in the past yet stock markets around the world have recently been hitting all time highs.

Thankfully i'm out sold my last stock TLW a few weeks ago ,for once i'm not left holding the baby. See where this settles won't jump back in too soon.

Just a thought. Has Crypto carnage spilled over to Stock market to cover losses?

I think we are currently blaming Credit Suisse. Something to do with VelocityShares Daily Inverse VIX Short-Term ETN. Fully hedged, apparently, but they would say that! ;o)

Dow looking very low to me at 23675. It will be interesting to see what they do with it in the first hour.

Bicycle clips may be required if your brave enough today :)

Strange bounce in the DOW

more strange is FTSE and DAX not really going with it.

Closed half my FTSE long as I had alot. Happy to run the rest or reload if it goes back down.

Edit: And that's the rest gone at 7241. Not sure I understand strength of rally. Concerned it's being used so they can sell off rest of day.

GLS

Yes i noticed that , is odd.

wasn't brave enough to go long anything, though of course would have made a quick bundle - eg on DOW 6/800 points

Beware of the bounce