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

see post 4578 ...... 5190 (ftse) now broken in style ..... have held off jumping in at least for the moment, just in case dow boils over later on

Hoping to get short entry @1100 on S&P stop 1105.
Tempted to go now at 1090..........

quite brave to bet against the impetus

Just a gut feeling hence tight stop.

We could be arriving at a stage like the oil spike 18 months ago but this time with gold, and I don't think that it will be a spike (as so to speak) : it will rocket and stay up there...an incredible rise in the value of the yellow stuff might be about to happen and not drop down the other side like we had with oil...you just cannot just keep on printing out money without gold rising as well...there is only a certain amount in the ground and it is getting more and more difficult to mine...so gold to rise and currencies to drop.....a few dollars rise a day might turn into $20 or $30 rise a day, possibly more !.

PS : check out the new forex on Money AM...fantastic !.

Thanks ..will do

rf
your post 4587
"there is only a certain amount in the ground and it is getting more and more difficult to mine"
sound familiar?
anyway i'm with you on this, long term, that is.
back to topic. i'm still a bear on the market long term. i havn't changed stance yet, i seem to be getting more used to these binoculars of mine as i actually turned my portfolio nett long in april which i reckon aint bad or too late (see my post 4234). especially since i was such a mega bear on the market.less so now. but still a bear.
i still don't believe this rally is sustainable for much longer, but still following it.
good luck to all
regards
jkd
edit; much longer being relative, in short/medium term, price appears to be setting up for a surge to higher levels. as always could be wrong and just my opinion.
i'm still a bear and still nett long.

Thanksgiving next thurs in the U.S. Markets expected to go very flat from wed (25th) until the following week (Except of course for the LLOY rights Issue as cutoff date is close of trading thur 26th).

ref : jkd....It's the price of gold and oil which is driving ftse higher....gold has a long way to go still....and at this rate if people are not buying "gold equities" then we might get to a stage when the building societies and banks might have to offer gold bars over the counter like at harrods as currencies become more and more devalued and of course the london stockexchange is full of oil companies and miners.

horrible housing start numbers ex USA, with the knock-on effect that gold gets another fillip

damned if i know how, but have actually managed a good profit in the market today ...... glad i (profitably) sold my modest Dow long just before the opening bell though

What's your mate say about FTSE/DOW levels to watch for cynic?

this was as at morning of monday 16th november ...... i certainly find him very good, though i often just use his advice/comment as general market guidance rather than to physically dabble in the indices

DOW
price at time of report = 10270
buy at open and double up if index falls to 10020
target 10780
stop loss <9650


FTSE
price at time of report = 5296
stay neutral but buy if market quickly drops back to 5200
possible short at 5461, buy back at 5300
target 5768
stop loss <9650

Many thanks

cynic
your mate seems to be pretty good,a sort of if this then that approach, without actually being so confident as to actually state price is going up or going down. i think it's most sensible. an if this,then that approach seems the only way.i'm trying to follow the market and not forecast it. thats why i as a bear(feeling/forecasting) am nett long(actual/ following) which, as we all know,going against our feeling and emotions aint an easy thing to do. i have what some might say divergance, my feelings will turn bullish when we break through and hold a new all time high on ftse OR when i see a higher swing low basis weekly chart which also holds and then breaks up through the high of this current rally,( if that is what it is) wherever it may end.We've done and tested a mega long term low support and it has held. next comes just the ordinary long term test of the resistance at higher levels,
we need long term spectacles to watch this play out. oh! and some patience also, although the ordinary long term might be upon us sooner than we think, maybe weeks or months rather than years, but still needs patience.
all just my opinion as always
regards
jkd

Bb
you could be right, it's going up forever.
rf
we could both be right, remember the bull within a bear? still too early to say.
good luck
regards
jkd

jkd ..... you waffle a lot ...... charts are only guides and tools and neither the gospel nor the koran ...... "my mate" merely reads the runes, but with a fair degree of accuracy

Still gambling playing the DOW @ FTSE ... play it day in and day out ,,its luck if you gain. Going to bed its 11.30 over here ,we've got a thunderstorm coming..

jb
my apologies, apologies to Bb also for my misunderstanding. my memory aint what it used to be, must remember dmor(dyor) lol.
cynic, thanks for that comment. made my own once, runes that is, hand picked and selected from brighton beach. pretty good at it as well, so i am told. nice to know i can still waffle. so thank you once again.
regards
jkd