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

yup, still short :-)

Closed mine + 36

now closed +36 too :)

good job, for i think you could easily have been singed ..... markets currently disinclined to tumble

DOW futures in negative territory however & I would guess at more downside to come this afternoon.
"Thursday brings the weekly jobless claims report from the Labour Department, the index of leading economic indicators (LEI) from the Conference Board, the January Producer Price Index (PPI) and the Philadelphia Fed index.

In addition, Wal-Mart Stores (WMT, Fortune 500) reports results before the start of trading. The retailer is expected to have earned $1.12 per share versus $1.03 a year earlier."

nah, it was a clear call! :-)

Now that the markets have recovered their poise and losses from this morning is anyone thinking about new shorts on the FTSE?
2 Way this morning had posted the following but it is completely out of the money right now:
"FTSE Sell at the break of 5260 and target 5228. Stop above 5272. "

Its good to see that 2 Way still have it :-)

my post 4874 sums up my view

lol :O)

Oh look, 2 Way's prognostications may well come true after all.
Now, who was short from 5316?

if it was you, i hope you cut your losses

Ftse's looking very good.....I'm a bit surprised.....might have broken through a resistance level and further gains to follow tomorrow or early next week.

as far as i can see, ftse target is now 5460 .... and dow target is now 10485

A bit of a bull run coming then....good...

didn't say that ..... the above is the target provided 5130 and, i think, 10090 respectively are not broken with impetus .... and of course any move in either direction will not be straight line .... rather like that political answer!

As long as we have another good day tomorrow, i'd be quite happpy.

interesting one to call with fed raising rates by 0.25% and gold suddenly back to 1108 .... prob good on balance

copper in demand, VED should come good now. Another on rio would be a nice profit for the week to bank.

Don' you just love it when crude rises......I have a smile on my face at the pumps...a rare happy motorist !.