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

strong move towards 6100

Bugger

Have had a quick chat to a friend of mine studying Business Studies & Economics and he assures me that that is not a recognised fiscal term.

Closing in on a triple top?

is that good, bad or just an observation?
for myself, a very good day at the ranch

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you may (all) find it worth going back to the plethora of charts on page 1 and then decide whether elysium beckons or a quick trip to hades

Excuse my ignorance but is a triple top positive or negative?

No your in the seconds department of lingerie......

Depends on whether it is or isn't :-) Its meant to be a bearish sign if the high isn't breached. Have a read here.

Anybody any idea which way now ?.....might break out into new highs....or pull back but can't see that happening as oil is rising fast or level out.....perhaps a slow climb higher might be the answer....

The market has the habit of doing the opposite of what most people expect. I think a lot of people were expecting something of a slump following the end of QE2 in June (and I'm not convinced it's not going to happen, TBH). But for the moment, nice rally.

Unlike the FTSE100, the FTSE250 is making new highs now



As is the FTSE Small Cap Index.. Which looks like it's broken out from a bullish ascending triangle pattern too.

i think an immediate break upwards for dow/ftse is unlikely - too far too fast - but the consolidation may not be too painful

cynic dow +93 results season will determine future progress

U.S. June jobs figure predicted to be as good as hoped. I assume 'long FTSE' is the feeling atm?

employment figures must be pretty dire as from +40, dow now shows -80

Yep previous 54 concensus 90 actual 18 !

DOW now showing +34 on Bloomberg & CNN!!! Where are you looking Cynic?
http://money.cnn.com/data/premarket/index.html

EDIT : CNN slow to update!!! :o(

Can someone give me the Dow price please?

Dow futures about -0.85% at present

"Nonfarm payroll employment was essentially unchanged in June (+18,000), and the
unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor
Statistics reported today. Employment in most major private-sector industries
changed little over the month. Government employment continued to trend down."

= over 100 pts down