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

over 55's never chris.....

Fraid so BB 2 years past in my case, if you're referring to bandit wise, trust me these old buggers may not be long driving wise, but around the green they are lethal!

ditto for me too, trouble is got another b/day this month.....bu**er.,.

you're both whippersnappers!

me too. why hasnt my portfolio been hit also?
maybe it will tomorrow? dont understand it, someones must have been mustn't it?
looking forward to this week.
have a suspicion we may see a recovery in the dow. looking to trade it on the long side at some stage. cautiously of course. may be wrong.think it will be interesting.
regards
jkd

on a tech basis, dow has now fallen sharply through its support of 12300 and the safety net of 12250, so it will need to bounce pdq if it is not to tumble further ..... 10 days ago, it hit the support and bounced; that it did not even try to this time is of concern

Follow these stocks
{"s" : "DPD,HX6.DE,NWL.BE,^GSPC,^NDX","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} 21:26, Friday 3 June 2011


* Payrolls report weak, but ISM services shows growth

* Analysts see limited downside after 5 weeks of losses

* Newell Rubbermaid (Berlin: NWL.BE - news) cuts outlook, stock tumbles

* Dow (NYSE: DPD - news) off 0.8 pct, S&P off 1 pct, Nasdaq (Nasdaq: ^NDX - news) off 1.5 pct

* For up-to-the-minute market news see [STXNEWS/US] (Updates to close, changes byline)

NEW YORK (Xetra: A0DKRK - news) , June 3 (Reuters) - Wall Street closed out a fifth week of losses with more selling on Friday after an anemic jobs report strengthened the case that the economy was slowing, though analysts said indexes may stabilize in the near-term.

Selling was heavy in the morning following the payroll report, and the S&P 500 (SNP: ^GSPC - news) intermittently tested its April low at 1,294.70 until a bullish report on the services sector helped equities recover some losses.

Major indexes are trading at their lowest in six weeks, and the S&P is off 4.7 percent from highs reached in late April. However, fund managers say stocks have priced in macroeconomic uncertainty by now.

"We don't see material downside from here," said Jim McDonald, chief investment strategist at Chicago-based Northern Trust Global Investments, which has $650 billion in assets under management.

"A five percent correction is appropriate for the slowdown we're experiencing, and over the intermediate term, our expectation is that we'll regain some momentum," he said.

The government's payrolls report showed 54,000 jobs added in May, the weakest reading since September, while the U.S. unemployment rate rose to 9.1 percent from 9 percent in April. For details, see [ID:nOAT004818]

The report followed recent reads on manufacturing, housing and the consumer that all pointed to slowing demand, prompting debate among investors about the duration of the economic softness. However, the read on the U.S. services sector, which comprises most of the economy, gave some hope that future data would improve.

"Our view is that we're clearly seeing a slowdown, but you'd need a shock to the system to see things get much worse from here," said Andrew Goldberg, market strategist at J.P. Morgan Funds in New York. "There's little room for error, but there are reasons to expect growth, and we don't see a whole heck of a lot more downside."

The Dow Jones industrial average slid 97.29 points, or 0.79 percent, to end at 12,151.26. The Standard & Poor's 500 Index fell 12.78 points, or 0.97 percent, to 1,300.16. The Nasdaq Composite Index dropped 40.53 points, or 1.46 percent, to 2,732.78.

While the S&P 500 closed above its April low, analysts said that if that level was breached, technical momentum could take the index back toward its 200-day moving average at around 1,250.

All three indexes fell 2.3 percent during the week in what was the S&P 500's worst since mid-August.

However, stocks are still are positive for the year, with the Dow up 5 percent, the S&P 500 up 3.4 percent and the Nasdaq up 3 percent.

Newell Rubbermaid Inc was the S&P 500's biggest percentage loser, sliding 11.8 percent to $14.96 after it cut its forecasts for the year and said second-quarter results would miss estimates. [ID:nL3E7H31RO]

Dow component Wal-Mart Stores Inc announced a $15 billion stock-buyback program, aiming to hearten shareholders who have seen the stock lag as its U.S. sales remain in a prolonged slump. The stock edged up 0.2 percent at $53.66. [ID:nN03154298]

Forest Laboratories Inc rallied 3.7 percent to $36.90 and was the top gainer in the S&P 500 after it announced an accelerated stock-buyback plan.

Decliners outnumbered advancers by a ratio of more than 2 to 1 on the New York Stock Exchange, while on the Nasdaq, nearly four stocks fell for every one that rose.

Volume was light, with about 6.84 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below last year's daily average of 8.47 billion.

been buying the dow keep getting stopped out at small losses.
now long again. current stop losses below12040/12001
scaled in, will try to scale out current price circa 12087. needs to break up thro 12100 and stay there, in my opinion.
regards
jkd

Dollar Index seems to be on a mission, scalping UKX up and down last two days. Toss up whether Dollar Index runs out of steam and Dow goes up, or they both go up together fascinating to watch.

now at circa 12140
scaled in, so have just sold my first tranch to recoup my previous total losses.
holding the rest at good profit thus far.
have adjusted my stop loss levels upwards.
regards
jkd

Stopped out by OCO on a long @5847 +40 earlier - now short from 5858.

tempted to sell a % at good profit. instead have put in tight stop loss level to take good profit on proportion and shall hold rest and review lower/later. price circa 12165.
regards
jkd

DOW up 126 points. 12175.

i was stopped out at 12132 and 12128 happy with that. price currently circa
12088
regards and good luck
jkd

Not quite sure I understand the current figures.
DOW closed at 12124.
Futures currently -37
Which equals 12007 according to CNN & Bloomberg. (I agree with 12087).

HC
i left my stops in to run last night.
wasnt around until this am
stopped out at 20-45 6/6 whoops 9/6 no bs
hope that clears it for you.
regards
jkd

Anyone know the epic for US Dollar Index (June Contract), if indeed it is included by MAM? Have it on Cap Spreads platform appears to be still on a mission. Reason for asking chart worth posting.

OK guys dont all rush at once, DXY apparently.

OK guys dont all rush at once, DXY apparently.

Asking a question like that on a friday evening, when there was loads of good tennis and F1 qualifying on the telly, plus most people had probably slinked off to the pub, wasn't likely to get much of a response, imo! Now that we all know the answer, I'm not sure many of us will know what to do with it!!!