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

too risky for me though. id rather wait until tomorrow due a bounce but the trend is down.
once again good luck
regards
jkd

long ftse small stake 3783 stop 3759

Reasons to be bullish (short term)
It's Monday
50% dow retracement from 14150ish
Oil is at $38 and ftse 20% oils not off a cliff yet
Gap close
I'm not over-leveraged
Markets are oversold short term imho
I've probably drunk too much Guinness

LOL

I have promised myself never to trade after drinking

I always feel confident at the time then usually wake up with a hangover and a big loss to deal with lol

you 2 sound like a couple of Geniuses. lol
good luck
regards
jkd

It's strange to think that most analysts,brokers.pundits, traders were more bullish when the Dow was at 14000 than now !

f
aint it always the way? so whats new? i just try to be a follower and the trend is down, if i want to take a counter trend trade id rather do it during the daytime.
anyway i think you might be right. i do hope so. dont sit up all night watching. likely it will send you to sleep. lol
good luck
jkd

f
hope you didnt misunderstand my earlier post, it was a joke/anagram on Guinness,like the advert. good luck.
regards
jkd

Morning all

Stop moved to 3793 to lock in small profit.

No didn't watch overnight, I find it easier to trade overnight doing reversals from the close. My Nikkei long hit the limit and have locked in ftse stop at b/e, still long s@p and dax!

closed ftse long 3841 +58

well done you to you both.
regards
jkd

ftse and dax almost at parity!

Anyone know where the next DOW support level is please? The 10 year chart is no help at all now.

http://www.livecharts.co.uk/Members/display_stock_pivots.php
May be of some help Harry

That's a very useful page. Thanks.

if i was in UK, i would be sorely tempted to go long Dow at +/-7120 ..... 7200 (current) is not really that much above

Why can't you trade outside the UK with some stops and targets in place.

like the man said ...... and yes i could but as 4 hours ahead here and far too difficult to track properly, much better to do nothing s one can get stopped ut too easily on a freaky spike

I know what you mean by freaky spikes. I have been taken out twice in last 6 months on FTSE, not too bad really.