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

tricky start in store for the morrow unless market (Dow) turns around by close ..... currently -80 and struggling, though crude is now $82 and pretty solid and gold $1058 after $1065

Absolute nightmare trying to second guess the indices atm, imo.
Trading equities is currently the limit of my abilities at present & happy to stick to what I know (or think I know!).

Rough day today for those trading equities (unless you had the good fortune to be in pub groups) but with the DOW up 132 points this evening am hoping for a better friday than usual!

Post 4486 - I agree Harry. In fact this market will skin anyone who tries to second guess it's movement.

WTI...$81.45.....going strong.

No growth and surprisingly we are still in recession.

Sums it all up really.

Its why i posted here some time ago that trading indicies is pure gambling ..

Bet its not :-)

skinny we had this conversation before .

Anybody like myself think the dollar is gong to drop against most currencies ?.

has just collapsed

& many analysts are saying it's time to get out of gold, which would usually be contrary to a weakening $.

which probably means gold will go through the roof!

Just ask Gorden Brown he'll tell you when to sell gold ,man's a genius..

lol

The thing with gold is that the asian economies are very fond of the stuff....should keep it high.

For those that need reminding about Mr Brown's Shrewdness!

just to go back a few posts ...... playing the indices is arguably muh less risky than playing with individual stocks, for with FTSE (for example) you are effectively buying into a basket of 100 companies and the share price movement thereof.

for myself, i certainly only dabble gently, but with IG offering CFD contracts at 2 a point, and i am sure others are similar, one can be as brave or foolhardy or cautious as one wishes

things that go bump in the night, or even mid afternoon in this case ..... Dow was earlier +100 and is now and suddenly -100, for no published reason ..... "too far, too fast" syndrome?

Thats why its gambling playing indicies. Rest my case.