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

Dow makes new high today,

markets remain very unhappy

US unemployment falls to lowest level since 1969
The US unemployment rate fell in September to its lowest level since 1969, the latest sign of the tightening of America’s labour market.
Non-farm payrolls rose by 134,000 last month, short of the 185,000 addition that economists in a Thomson Reuters survey had expected.
The unemployment rate slid to 3.7 per cent, also below expectations for 3.8 per cent.

DOW continuing to crumble
currently down a further 250 at 26,380

Possibly, some of it due to Trump exposing himself for what he is more and more.

Possibly, due the possibility of USA bank costs and borrowing costs being raised.

Also, the possibility of trading retaliations.

All seems a bit complicated.
You would think low unemployment would be a good thing, but if it falls below a certain percentage then the labour market becomes constricted (ie. employers can't root around for workers who will work for less) so the existing workers then start asking for more money, which starts to push up inflation (consumers bear the cost of increased wages), so central banks start to nudge up interest rates, which then starts to make the cost of borrowing more expensive, so............etc etc

sentiment is certainly coming to the point where one sells into a rally rather than buy on the dips

long term, shares are still almost certainly the place to be

Not got any trades at the moment.

FTSE 100 Broken last swing low this morning.

Turn around Tuesday not happened yet!!!

With the FTSE trending down (last 4 days -300+pts) will this be the way it plays out over the next few weeks, if we do get a slump, ie gradually rather than a multi 100 point drop.

I just hope that the Italians are going to pull off this new quantum-easing of theirs.....instead of tightening their belts and only refinancing small aspects of their economy : they are going full pelt with everybody gets a lot more …!...this is how you get elected in many countries nowadays.....if this does not work : the consequences in the eurozone will be catastrophic !.....the UK would be hit as well but nothing like our European counterparts....to me there is more risk than gain from the information that I have read from the finance press....all it will take is one of the big Italian banks to be in a financial position of not being able to repay the monstrous debts that some of them are accumulating and bang goes the eurozone economy bigtime !....the pound would rocket against the euro even though we would probably not be so affected as our European partners......hope I haven't scared everybody but the pound would then look like a safehaven…..

Gone long FTSE 100

this is now looking seriously horrible and worse
a lot of forced closures must be in the offing if not already activated

sit tight and keep your head below the parapet must surely be the dictum

Closed out with a loss. It happens :)

For pete's sake...don't go long Claret Dragon again....this has to pan out....but when....?....

A long...pound/euro might a good bet....just guessing....with a deal perhaps on the cards and the eurozone fretting with a possible Italian disaster (though that might be months and months away)….

carnage likely again tomorrow as Dow currently -550

750 down

3% down

Ftse just diving at the moment.....never thought this autumn would spring this....have to say....

I took a small loss on FTSE 100. Looked like a rversal candle on Tuesday

Didnt work out.

But now the question is where do we pause 6900?

cash dow is indicating another fall of 330+ and is currently sitting at 25,285

if that proves to be true say 30 minutes after the opening, then even further heavy blooodletting could ensue