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

Looking at the way the DOW fell after FTSE close at 2.1% down, we should be in for a very negative start, will have to check far east and ASX overnight, but can't see them making much difference to FTSE. With the DOW being hit by some poor company results, we start to see some interesting results here tommorrow and the rest of the week. Interims from BB. and BP. tomorrow, then AV. LLOY and CRBY on Wednesday.

Good luck for tomorrow.............

From market today looks like long oils and miners short financials is back in fashion again

Late news last night "Merrill stuns with new cash call and write offs" sez the free ft.com 6AM Cut news email service, write down $5.7bn share issue$8.5bn, making 26bn in all to date.uk banks down from the open interesting times with results coming thro, as you say spitfire43

Robert Alexander:

If you are struggling suggest you get some training if you wish to make money in the long run.

Try the Online Training Academy at this link.

http://www.tradingacademy.com/london/index_london.htm

here is link to their free Education Centre: http://www.tradingacademy.com/education/index2.htm

and whoever you go to please avoid 'Win Investing'

Hope that is of some help.

Not a great start today, with 16 point loss on first short trade, hopefully will have another entry point. Surprised at ftse strengh today, seems a battle between finanacials and oil companies.

Thats my lot for today, will accept a 16 point loss I can't sit here all day waiting for an entrance, will try again tomorrow morning, always another day. lloy could influence proceedings tomorrow.

Now watch the ftse fall, now that I have chosen to call it a day.

this is prob why NY looks to opening nicely higher again, and of course taking London with it .....

Federal Reserve extends deadline for firms to borrow from discount window by 4-1/2 months to Jan. 30, 2009,

silvermede,
will give it a look see,
thanks
Alex

My best day yet! managed to gain 23 on the dow-probably should have held on but it's too nerve wracking when you're not fully used to it especially on the winning side!

generally i managed not to be too greedy and took profits during the afternoon ...... sold XTA too quickly but still, but that one is so damn volatile could easily dump 1.00 by tomorrow morning

too far too fast?
maybe, for NY looks to be boiling over ...... keep watching

Don't imagine Dow will be too happy about oil's move, though maybe it's a temporary technical bounce.Cynic what do you think about trading Dow/S&P with regard to VIX... options exposure to S&P. I gather when it is near or over 30 it can represent a good buying opportunity.I understand it was at 40 after 7/11?

what is VIX? ...... personally I find I can lose more than enough just trading Dow though S&P or even Nasdaq can be good too

Volatility Index

sounds like betting on flies climbing down a wall ..... not for me

They are indicators to show how much people are ready to pay for the protection of options vix is for s&p 500 and VXN for nasdaq, they show up on bloomberg quite a bit. The idea being that options insurance is cheap and demand low when people are bullish and complacent and high when everyone is terrified and receiving margin calls. When the number is high it may indicate a bottom and buying opportunity as there is no one left to sell. I think it was at 28 earlier this week when at 11130 and is now at 21 for vix,just read about it in Kahn.

I had planned to short ftse, with one trade earlier which was closed out level. But we seem to have renewed strength with banks at present, with barc leading the way, 13p up now and 23p of it's days low.

So sidelined for now.

Unemployment data out at 1230 gmt worth staying sidelined til then I guess the trend may be set from there for the weekend

employment numbers clearly OK though i have yet to see them

-51000 but rate up so market confused